The majority of European online casinos, poker rooms, and similar organizations are registered in Malta. The reasons for this are many and varied, such as: location, the opportunity to simultaneously open bank accounts convenient to work with, the loyalty of local legislation focused on supporting e-Business. On the other hand, as part of the European Community, Malta imposes strict demands for gambling companies and requires a mandatory licensing of their activities. A license is granted only after rigorous and even captious examination of an applicant.
Prifinance will help you to pass through all stages and start a successful European business. We provide support for obtaining all types of licenses that are allowed in Malta. Here, online casinos can fall under one of four classes:
The cost of license granting starts from €50,000. A license is valid for 5 years. For online casinos, Malta provides the same tax opportunities as for trading enterprises, charging a tax of 5% to 6%. Owners can get a co-benefit – residence permit in the Island. A licensed company can be directly connected to a merchant account.
The requirements for conducting a licensed business include: