Gaming License in the Philippines
In the Philippines, gambling is regulated by the Philippine Amusement and Gaming Corporation (PAGCOR). Initially, it only regulated casinos, but now its area of responsibility includes all types of gambling entertainment - casinos, slot machines, lotteries, sports betting, and online games.
The main functions of PAGCOR are:
- Issuing licenses and regulating the activities of the gambling business in the Philippines.
- Monitoring compliance with gambling laws and regulations.
- Collection of taxes and fees from the gambling business. This is one of the main sources of revenue for the state budget.
- Financing various social and infrastructure projects using funds from the gambling business.
Advantages of a gaming license in the Philippines:
- Fast, simple, and streamlined application process.
- Quick decision-making and confirmation.
- Highly competitive cost structure, without hidden payments or fees.
- No obligations for domestic incorporation or banking commitments in the country.
- No long-term commitments.
- Unique monthly "License-as-a-Service" model.
- Possibility of using cryptocurrency payments.
- Dynamic PAGCOR seal and online verification solution provided.
Key documents:
- Securities and Exchange Commission (SEC) registration or its foreign equivalent (original or certified true copy).
- Articles of Incorporation and By-laws (original or certified true copy).
- Personal Disclosure Sheet for all key persons in the company.
- Company profile and business plan.
- Lease contract or proof of ownership of the business site, including the floor area.
- Money Laundering and Terrorism Prevention Program (MTPP).
- Bureau of Internal Revenue (BIR) registration certificate (original or certified true copy).
- Certificates of paid-up capital and available reserves. The company's paid-up capital must be at least USD 440,000.
Ready-made companies with bank accounts
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Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Fund Registration for Asset Management
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