In Estonia, companies engaged in organizing gambling are allowed. They must only meet a number of requirements. First, a good reputation, and secondly, obtaining a permit to engage in this type of business. Gambling licenses in Estonia can be issued only in the case that gambling is the company’s area of business.
Business in the gambling sphere can be established in the form of a:
You will need an auditor and capital in the amount of 1,000,000 euros. You must have reserve capital as well. Their size is defined as the ratio of the share capital to the equity capital and must amount to one third of it. The reserve fund is annually augmented due to net profit (NP). 1/7 of the net profits shall be used for capital accumulation until the necessary sum is reached.
The fee required for payment for a permit to engage in the gambling business is to be declared and paid by the 15th of the month following the taxation period. These are the fees currently in effect in Estonia:
Applications for gambling licenses in Estonia shall be considered on the basis of the provision of a particular documents package. The package includes:
The license to open an online casino in Estonia is issued by the Tax and Customs Department of Estonia. The decision is made within 4-6 months following the moment the application is submitted. After the license is received, the applicant must send the necessary documents to register the gambling permit. The Department will require another 2-4 months to make the decision.
Prifinance’s employees will accommodate you on all stages. We will free your hands of all the cumbersome work.
The service includes:
The Tax and Customs Department may reject an application and issue no gambling license/permit in the following cases:
With Prifinance’s help, you will minimize your risk of refusal for the issue of a license.