Malta Gambling license

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.

Features of the Organization of Online Casino in Malta

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:

  • payment of fees for registration;
  • existence of charter capital in the amount of €40,000 to €100,000 paid at the time of application for the starting a business;
  • drafting financial reports and carrying out system audits;
  • agreement with a resident of Malta on representing a company in State bodies;
  • submission of certified and translated in English registration documents: certificate of company structure and operation, personal details of all participants, recommendation letters from a bank and law firms, residency proof, and technical documentation on software.
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