Top countries for online casino license 2021
The popularity of an online casino is growing every year, but it is not easy to obtain a license for it. Gambling is under the strict control of the authorities, and you need to go through a lot of bureaucratic procedures to get a permit.
Top 5 сountries for online casino license
When choosing a country to get a license for online casino, you should pay attention to the following:
- The price of the license;
- Political and economic stability;
- The requirements of the regulator for a license (size of capital, the availability of office staff, etc.);
- Tax benefits;
- Gambling legislation - prohibitions, permits, restrictions.
The best options in this regard are Curacao, Malta, the Isle of Man, Cyprus and Costa Rica.
Curaçao is a state in the Caribbean Sea and part of the Kingdom of the Netherlands. More than 450 online casinos are registered here. It’s worth pointing out that their owners are attracted by the stable political situation and loyal conditions for registration of their gambling business. One permit is issued for all types of gambling, which is convenient for companies that offer different types of recreation (poker, dominoes, slot machines).
To receive an online casino license in Curacao in 2021, you must:
- Register with the Chamber of Commerce;
- Have a representative in the country;
- Locate the casino servers in Curacao;
- Refuse to register people under 18 years, the inhabitants of the Antilles.
Paperwork is issued within 1.5 months. The operation of an online casino is controlled by the Gambling Control Board. You can get a permit by applying to the Ministry of Justice, but the more popular way is to sublicense the holders of the primary license.
Malta, a country located in the Mediterranean Sea, is ideal if you want to do business in Europe. Malta is part of the EU, so local documentation is recognized by all European countries. It has a stable economic system, well-developed infrastructure, preferential taxation, as well as high level of protection for online gambling.
To get an online casino license in Malta in 2021, you have to:
- Register in Malta, LLC form, open a bank account;
- Have a share capital of 100 thousand euros;
- Documents, confirming the financial security for gambling;
- Have the technical and organizational means for the implementation of business;
It takes from 4 to 6 months to issue a license.
Isle of Man
The Isle of Man is another interesting option for gambling business in Europe. It has a perfect international reputation and is on the OECD white list. Laws there support the gambling business, protect players, and there is no division of gambling into classes.
The Isle of Man's online casino license in 2021 is issued by the Isle of Man Gaming Regulatory Commission of Isle of Man. You must:
- Be registered on the island;
- Have 2 directors (individuals only);
- 1 officer must be a resident of Isle of Isle of Man;
- To open a commercial account on the island.
Full list of documents can be found on the organization's website.
Betting on sports and horse racing are the only allowed forms of online gambling in Cyprus. Therefore, betting on non-sports events is prohibited. Online casino license in Cyprus in 2021 is issued to bookmakers by the National Betting Authority of Cyprus.
Important: underground sites with online gambling (slot machines, poker, bingo) regulator actively blocks. The penalty is 300 thousand euros or imprisonment for up to 5 years.
In Costa Rica, there is no legislation that regulates the operation of online casino. In other words, any company registered on the island can engage in gaming business without any additional requirements.
Costa Rica's advantages:
- No laws that regulate online casino. No one monitors or tests the company. There is a slight disadvantage here - problems with opening an account in another country for a company from Costa Rica.
- Stable economy.
- It is not considered offshore, you can distribute its activities in America and the EU.
- No need to test the equipment.
- No annual license fee.
- No need to pay tax on income generated outside the country.
To get an online casino license in Costa Rica in 2021 - minimum documents and requirements. It is necessary to register a company in Costa Rica and get a permit for data processing "Data processing". Also, the presence of a registration agent is required. The license is issued within a month.