providently Belgium Gambling License

A Belgian gambling License is one of the few online gambling license attainable in Europe. Online gambling has been legal in the western European kingdom following the passing of the amended Gaming Act of 2011 in January of the same year.

Corporate tax: 33%

Gambling tax: TBA%

Who manages E-Gambling in Belgium?

The Gaming Commission instituted in 1999 and is solely responsible for all gambling licensing in Belgium.

 

Overview:

In January 2011, the new Belgian Gambling Act was enacted. Online games of chance were placed under the supervision of the Gaming Commission. The online licenses (A+, B+, and F1+) allow licensees of the following class licenses to operate games of chance online: Class A (operating casino operations); Class B (operating gaming arcades); and Class F1 (organizing wagers).Under the new Act, only licensed, land-based operators in Belgium may apply for an online license. The operators’ online gaming servers must be located in Belgium and the online games must be the same games offered in land-based operations. This law requires gaming operators to align themselves with an established brick-and-mortar Belgium casino or own one or more themselves. All operators are required to pay a €250,000 guarantee fee. All prior taxes and debts of license applicants must be paid prior to submitting an application. Operators are required to pay an 11 percent tax on all gross gaming revenues. The horse racing tax is 3 percent and pari-mutuel bets on foreign horse races are taxed at 3.7 percent.

The Act also increased the powers of the Gaming Commission, which can now impose fines in case of breach of the Gambling Act. The Act provides criminal penalties and/or administrative sanctions for any person involved in illegal games of chance. This not only applies to the operator who facilitates the illegal games of chance but also to participants.

 

cheap alternative to cenforce The Blacklist

In order to manage and regulate online casinos, The Gambling Commission compiled a blacklist containing the domains belonging to unlicensed companies which is passed on to Internet service providers. Operators will face fines ranging between €100 to €100,000 should they be found operating illegally. It should also be noted that citizens will be punished with a €26 to €25,000 fine if found playing on a blacklisted site.

The list is regularly updated and as of July 2020, consisted of almost 200 sites.

 

 

Licence Fee:

Three licences available as follows:

NINE A+ licences (for casinos to operate online) Licence deposit of €250,000

180 B+ licences (for gaming arcades) Licence deposit of €75,000

34 F1+ licences (for wagers)

 

Licence Length:

TBA

 

Reporting Requirements to Regulators:

Financial information must be submitted upon applications regardless of which licence you’re applying for.

 

Anti-Money Laundering Policy:

Belgium has the core elements of a sound anti-money laundering and counter-terrorist financing (AML/CFT) regime, although some elements are not yet fully in line with the 2012 FATF Recommendations.

Country Restrictions:

Belgium allows for online gaming and gambilng exclusively to Belgian customers