Four different types of MGA licenses are offered by Malta, each license catering to various segments of iGaming industry:-. METAVERSE DRINK for various drinks in class 32. Evolution Gaming, BetSoft & more. License renewal costs €1,500. Curaçao, a small island nation off the north coast of Venezuela has been in the online gaming business since 1996. In exercise of the power conferred by article 76A of the Lotteries and Other Games Act (Cap. The gaming employee license is sometimes referred to as a personal functional license, which is how the UKGC has dubbed it. The annual licence fee also varies between €6,000 and €12,000. If the applicants’ intention is to handle cash related to gambling, this is what they need to obtain. The Maltese License will be valid for five years from the date of issuance. The MGA offers four different license categories: controlled skill games, remote gaming, remote betting, and hosted in Malta. Operators must fulfill the authority's strict standards to get the Malta online gambling licence. Each heading holds a comprehensive list of all operators. May 13, 2021. Get in Touch with. CSB Group hosts Pink October Fundraising Reduced VAT Rate on the Hiring of Pleasure Yachts CSB Group to attend EuraAudit’s 32nd Annual Convention. B. iDefinitions 1. Class 1:- It is designed for operators who offer games of chance against the house. We offer a working of services, including company formation, assistanc. Software Having obtained the MGA license, all Malta online casinos and overseas casinos feature the gaming software of world-leading operators, such as Microgaming, NetEnt, Evolution Gaming, Play’n Go, and others. The Malta Gaming Authority, or MGA, was set up in 2001; it aimed to regulate various gaming industry sectors falling under its authority. It provides a variety of licenses, including B2C and B2B versions. F: +356 2557 2558. The Corporate Governance Manual for Directors of Collective Investment Schemes – MFSA Revamp. A gambling licence is a prerequisite for an online casino business as it provides a legal basis for online casino operation. 000, 0. For B2C type 1-3, the fee is €25,000, and for type 4, it is €10,000. Malta has become the leading hub for e-gaming licenses, owing to the robust gaming framework put in place in 2004. com. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. This dual licensing strategy leverages the strengths of each jurisdiction to maximize market access and. The law implies that in case of a Collective Redundancy the rule to be followed is. Legal - Tax - Advisory - Corporate — Online Gaming License and Industry in Malta. The below form is the formal channel enabling players to lodge a complaint against MGA-licensed Online Casinos. The licence for gaming activities in Malta is available to operators, bookmakers, owners of poker rooms, and lottery sites. Activities range from betting, online casinos, casino-style games, betting exchanges, lotteries and bingo to gaming software houses and marketing companies. The gaming industry has grown exponentially; in 2018 alone, it generated over €2 billion ($2. This is because each jurisdiction offers unique requirements for the casino operator, the software they use, licence application processing time, and licensing costs. In Malta there are two different kinds of Maltese Online Gaming Licenses available, a B2C license or a B2B license. 5 billion ($27. F: +356 2557 2558. What Is the Malta Gaming Authority? MGA casinos first came into being in 2001¹, when the Malta Gaming Authority – to give it its full name – was created precisely to regulate the online casino industry. Firms are required to withhold 15% of players’. How to get a license for slot machines, bingo, online gambling, betting activity in Malta. 000 Currency: Euro Regulated gambling products: Sports betting, horse racing, casino games, lottery, bingo Operator types: Licensed online & land-based bookmakers and casinos Designated authority: Malta Gaming Authority (MGA) Status: Regulated. The Maltese Gaming License allows companies to provide gaming services in or from within Malta. April 4, 2023. License type 2 allows online casinos, poker rooms and other similar games. One of the two best and easiest countries to get an online gambling license in the market: Anjouan Gaming License – A new license regulation is starting to be more and more popular with gaming operators and has a good option for a Curacao license. Malta offers four different types of licenses. In addition to the licensing application fee, annual fees are required. A director can either be an individual person or a legal entity. 03 of the Laws of Malta) provide that B2C operators shall pay a variable licence fee, termed as a compliance contribution, which is calculated on the gaming revenue generated. The country legalises the work of land-based halls. Low yearly maintenance. Malta has been a leader in respect of online gaming regulation for almost two decades now. It provides a variety of licenses, including B2C and B2B versions. T: +356 2557 2557. Revaz Tabukashvili Str. Curacao gaming license offers only one type of license to permit operators and software providers deliver sports betting, games of skill and chance. E: info@csbgroup. 000 per year. Enquire. The Malta Gaming Authority (the MGA) is the entity established to licence casino operators. 12,900 AED. Manufacturer’s Suitability License: Greece: Hellenic Gaming Commission (HGC) Suitability D License: Georgia : The Revenue Services: Studio Streaming License : Latvia: The Lotteries and Gambling Supervisor Inspection of Latvia: License for rendering gambling service: Malta: Malta Gaming Authority: Critical Gaming Supply License, B2B: Romania. Gaming companies in Malta account for around 12% of the country’s GDP. F: info@csbgroup. Class 4 is a licence to host and manage remote gaming operations. The Malta Gaming Authority sets minimum requirements for paid-up authorized capital for candidates applying for a gambling license in Malta, ranging from €40,000 to €100,000, depending on the company’s intended activities (casino operators, sports betting, poker, software vendors, etc. ). We are delighted to announce that CSB Group has been shortlisted for the "Services Provider of the Year" category at the Global Gaming Awards London 2023. Zero Capital Gains Tax. When applying for a licence for the first time, there is a fee of between €2,000 and €3,000. Malta is the ideal jurisdiction in which to set up a Financial Institution under the Payment Services Directive. The Gaming Authorisations Regulations provide that operators in both the online and land-based sectors require a licence when providing or carrying out a gaming service, or when providing a critical gaming supply from Malta or to a person in Malta, or through a Maltese legal entity, unless exempt. L. Certification phase. com. E: [email protected] the harmonisation of the AIFM Directive within the Malta Investment Services Rule books back in 2013, fund managers and promoters may still opt for the less onerous De Minimis hedge fund licence. When the license application process is finished, the MGA grants the Licensee a 10-year gaming license. Within this document are reported key findings about Business Risk Assessments (BRAs) implemented by subject persons in. 500. The Digital Operational Resilience Act (Regulation (EU) 2022/2554) solves an important problem in the EU financial regulation, as it “aims to consolidate and upgrade ICT risk requirements as part of the operational risk requirements that have, up to this point, been addressed separately in various Union legal acts. More than 10,000 people are employed in the sector, which has annual revenues of more than €1. Formal application phase. Legal - Tax - Advisory - Corporate EMD is an established multi-disciplinary firm based in Malta providing legal, tax, advisory and corporate services. MEDIA ROOM. Open navigation. A class 2 license will entitle the holder for remote sports betting. Obtaining an online gambling license – especially from a respected authority and jurisdiction – has numerous benefits: Reach global markets: Obtaining a license from a reputable regulator can allow businesses to gain exposure to global markets. Get professional technical support on any subject you encounter 24/7. The annual licence fee is required to be paid prior to the issuance of the licence. 4 billion by 2022. The mantra for the organisation is to provide fairness and transparency to all players who use the casinos and sportsbooks licensed. Step 1 – Gather the necessary documents 2. Renowned throughout the world, a platform operating under the supervision of the Malta Gaming Authority will find many doors opened to them. EveryMatrix is a member of the European Lotteries Association [2] and. Gaming license in Uganda. Activities and services of these companies include games such as slots or casinos, fixed odds betting, including horse racing or sports pools, and peer-to-peer games, such as poker or bingo or controlled skill games. Malta’s gaming licence is usually regarded as one of the most. starts here. It is issued for a specific period, against a cost, and following the completion of an application and evaluation process. Number of licenses types: 4 (B2B and B2C) Average cost: €36,000. The Malta Gaming Authority ensures that licensed gaming operations are fair and transparent to all players, prevent crime, whilst protecting minors and vulnerable players. 3 billion USD) in revenue—more than a double of what it did during 2017’s entire year-long period. The Malta Gaming Authority (MGA) is the organization in charge of overseeing all gambling-related activities in Malta. com. MEDIA ROOM. At. Glenn is in the process of obtaining the ACCA qualification. The capital must be paid up before starting operating. Experience. In all cases, a basic non-refundable fixed annual license fee is levied. Here is a list of some of the Malta online casino license: Casino. The Malta Retirement Programme: The Benefits. Required official capital – 100,000 EUR. 12, adopted under that law. Average time it takes to obtain a license: 12 – 16 weeks. The Remote Gaming Regulations in Malta offers two types of different licenses: Business to Customer (B2C) or Business to Business (B2B). The Malta Gaming Authority (MGA) is a public single regulatory body that is responsible for the governance of all forms of gaming in Malta and it issues Remote Gaming Licences to gaming operators engaged in the online gaming business offering casino games, poker, sportsbetting, P2P, lottery games, as well as online gaming platforms. Class 3:- It is suitable for poker, peer to peer gaming & other. For example, a Malta Gaming Authority license. Taxation. The most favoured employee benefit schemes include a bonus retention scheme and a share-option or. Additionally, the new ISTG 2021 will include new rules for advertising. They offer only one type of license which covers operators and software providers of games of skill, chance, and sports betting. Those looking to set up an online gaming business can choose. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. There are currently over 500 gambling sites that are licensed by the organization. com, the current estimates state that the gambling market as a whole is growing at an annual rate of almost 6% and is expected to be worth over $565. Licensee Hub Applications Compliance Enforcement Register Licensee Register Recognition Notice Register. We can help you take care of everything you need in order to set up your Malta online e-gaming. Class 1:- It is designed for operators who offer games of chance against the house. 00, depending on the value of Authorised Share Capital. com. com. Malta Online Gambling Law. Stage №1. The last word. The License, issued April 30, 2020, is effective for a 10-year term and may be renewed by MGA for. Class 4 Remote Gaming Licence – this license is for software vendors who intend to. All in all, if an online casino has gained a Malta license this means that players on the platform can enjoy secure, trustworthy, and fair sessions. Upon obtaining the license, the Licensee is to submit a “Go Live Date” which can’t be later than 60 days since receiving the license. CSB Group, has once again returned to Las Vegas for the Global Gaming Expo (G2E) as an exhibitor between the 3rd and the 5th of October. Type 1: €100,000 - Covers RNG-based casino games, online lotteries, and virtual sports games. Still, with all the operating possibilities (across the EU), favourable costs/taxes, and high safety features, it is an. Due to the stringent rules and control mechanisms applied by the regulating authority, having successfully obtained a Malta Gaming Authority (“MGA”) license means that licensees have satisfied several. Malta Gaming License Cost. Business plan. F: +356 2557 2558. If you would like to know more about Maltese betting license, please feel free to talk to our local specialists. Panama became licensing jurisdiction in 2002, and has been. This. Firstly, the Malta Gaming Authority (MGA) is one of the most respected in the. Ensuring that any license conditions imposed by the MGA and the remote gaming system is set up and maintained in accordance with the. The Gaming Authorisations Regulations provide that gambling operations cannot be operated, promoted or sold by any person in Malta unless it is authorized to be operated through a licensed entity. To run an online gambling business, applicants should also have two additional certificates: a Key function and a Material supply. Malta, as the first EU Member State to introduce online gaming regulations, holds the distinction of being the largest and most sought-after jurisdiction for operators seeking an online gaming license. Maltese citizens were estimated to have spent around €125 million in gaming services during 2015, which is around 2. Critical Gaming Supply licence On successful completion of. Inspection and demonstration phase; and. E: [email protected] iGaming licence may be provided for any one or all of the following types of games: Type 1 - operators managing their own risk on repetitive games (casino-type games, skill games and online lotteries) Type 2 - operators managing their own risk on events based on a matchbook (fixed odds betting, pool betting and spread betting) Type 3. For every euro of the next €10,000,000. Malta has a proud title of the first EU representative that started to regulate online gaming since the beginning of the 21st century. , N 45, area N 7. The costs involved in setting up a Dubai Free Zone Company are as follows: Dubai Free Zone 1-Year License Packages. Single license for different types of gambling. starts here. The Malta Gaming Authority ( MGA) (formerly the Lotteries and Gaming Authority) ( LGA) is the gaming control board of Malta. E: info@csbgroup. 50%. 25%. the application for an online gaming license pursuant to the National Ordinance on Offshore Games of Hazard (Landsverordening buitengaatse hazardspelen, P. Type 4: €40,000 - Applies to controlled skill games where players can win prize money. The new rules of gambling business taxation in Malta have become effective since January 1. In all cases online gaming companies operating from or in Malta will require regulation. For more information, you can also read our overview of online gambling jurisdictions. The Remote Gaming Regulations in Malta offers two types of different licenses: Business to Customer (B2C) or Business to Business (B2B). Gambling tax is 20% of incomes received. In all cases online gaming companies operating from or in Malta will require regulation. Class 2 – Remote license for sports betting. 4 billion) in annual earnings on the island, making up 12 percent of Malta’s GDP. Company Formation in Malta – Fees. There are currently almost 500 Malta remote gaming licenses issued by Malta Gaming Authority. 5 million and so on. Established in 2001 the Malta Gaming Authority (MGA) set up to regulate most forms of gambling in the country. The Malta Gaming Authority Offers 4 Different Gaming License Types: Class 1 – Is a remote gambling license given to operators to control their own risk on the repetitive games offered by them (best for lotteries and casino games). Operators looking to obtain a Maltese gaming licence are required to undergo a rigorous application process in the course of which applicants are required to submit detailed information and documentation relating to their proposed operations for review and scrutiny by the Malta Gaming Authority (MGA). The licence is issued for 5 years and can be extended thereafter. F: +356 2557 2558. Regulation in Malta Online gaming is well regulated in Malta. With an online gaming license through the Lotteries and Gaming Authority of Malta, online casinos can provide players with a regulatory framework should any. tborgolivier@deloitte. Malta’s gaming license. Citizenship Through Investment - CSB Group advises clients on the best options relating to the acquisition of an alternative second European. [1] EveryMatrix supplies online gambling platforms, products, and software to online casinos, sportsbook operators, and state-owned or private lotteries. THE MALTA ONLINE GAMING LICENCE APPLICATION PROCESS. Formed in 2001, the Malta Gaming Authority (MGA) exists to provide licences for the legal operation of casinos and sportsbooks based in Malta. The gaming license in the EU state Get a consultation ⏩ Call ☎️+38 (094)712-03-54 e-mail: office@eternitylaw. Obtaining a gaming license in Malta is a rigorous, costly, but rewarding process. Before joining CSB, Andrew has worked with a number of local corporate service providers, where he gained experience in the field of corporate administration. Malta online gambling license price is dependent on the class of license (B2B or B2C) and if it is B2C, then on the license types for services that are being offered. Maltese law permits both online and land-based gambling, and the following forms of gambling are catered for: amusement games, casino gaming, commercial tombola games. Jan supports many clients with varied queries on licence applications, AML/CFT laws and. The Application Process for the purposes of acquiring an AOC and an AOL involves five phases as follows: Pre-application phase. Non-refundable Fixed Annual Licence Fee for. L. The amounts to be deposited are: - EUR 100,000 for class 1 and 2 licenses; - EUR 40,000 for class 3 and 4 licenses; - EUR 240,000 for companies applying for multiple licenses. Malta is the largest online gaming jurisdiction and the most popular location for operators that seek a license for their online gaming operation. Obtaining an online gaming license in Malta is a serious affair. E: info@csbgroup. T: +356 2557 2557. A gambling licence is a prerequisite for an online casino business as it provides a legal basis for online casino operation. It allows the company to test the concept, get a client base, and reinvest funds without having to pay a fortune in costly applications, taxes, and fees. This license is suitable for betting exchange providers, pools and poker rooms. The Malta Gaming Authority. Leo Vegas. iGaming License. Type 2: €100,000 - Encompasses fixed odds betting. E: info@csbgroup. Also, there are 4 B2C types of licenses: 1 – gambling against the computer, so-called games of chance (online casinos); 2 – bookmaking; 3 – gambling between customers; The Malta gaming license represents the prestigious grademark of the iGaming industry. Businesses that generate more than 5 million euros are not subject to this tax. It can be drawn into legal battles between a plaintiff and an online casino operating with its licence. Obtaining an online gaming license in Malta is a serious affair. It is not an issue of just paying the required fee. +995706070360. Kahnawake Gaming. Type 1 Gaming Services” license (slots, board games, live games) pay annual taxes of 1. Part of the Betsson stable of casinos, Rizk has been in operation for a while, but only obtained its Malta licence in 2022. Malta. Population: 441. €25,000. E: [email protected] Malta's licensing experts will assist you to obtain your MGA license including bank accounts, merchants, software and everything that you need to start your Malta gambling business We will assist you to obtain your Malta gaming license GBO has been helping companies obtain Malta Online Gaming Licenses since 2009, and we can. E: info@csbgroup. In addition to administrative fees as per the fourth schedule found under the Gaming Licence Fees Regulations (S. The Malta Gaming Authority License . Articles | 18/08/23. Following a six-month provisional permit, compliant operators may secure a 5-year license. Curacao Gaming Control Board. 12) that were brought into force on 1 January 2018, the following fixed annual licence fees apply. The B2C license is applicable to any entity that is offering, providing, or. For every euro of the remainder. The Malta Gaming Authority License . These services can be offered and operated under the Maltese online gaming licensing system, which identifies between two main licences, the B2B (business. For operators who promote or abet gaming from Malta on an existing Class 4 licensee. The company registration fees in Malta are payable to the Registrar of Companies upon incorporation of the company. , N 45, area N 7. Class 2:- It is mainly tailored and designed for sportsbook operators. +356 22030000. Costs. com. Submit the application, business plan and accompanying documents to the Licencee Relationship Management System (LRMS). Along with the UK Gambling Commission, the Malta Gaming Authority ensures that the casino companies are. This Portal is intended for: 1. Required authorized capital – 100,000 EUR. The Curacao income tax is just 2% and is not subject to VAT or corporate profit tax. Licensee Register - Malta Gaming Authority Interested parties can search by licensee name, authorisation status, URL or Gaming Service. 12) (the “Regulations”), as issued under the Gaming Act, Chapter 583 of the Laws of Malta. EMD Vaults 13-16, Valletta Waterfront FRN 1914 Malta Europe. License validity period: 10 years. Overview. 000 and EUR 25. EveryMatrix Ltd is a B2B iGaming software provider company founded in 2008 with its headquarters in Malta. 1. Contact Us. Purchase Disadvantages. E: info@csbgroup. The minimum age is generally 18 years. However, while gambling is popular with. Gaming companies can also avail themselves of Malta’s efficient tax system and the number of applicable tax treaties. E: info@csbgroup. Company industry: Online gaming. Our Work Annual Reports & Audited Financial Statements Regulatory Framework Partnerships Publications Consultations Guidance Notes News. CSB Group offers a “one-stop-shop” service to online gaming operators by assisting in setting up /. 5 per cent on the gross amount of all accepted bets and 0. Value-added tax (VAT) rates in Malta are 18% and 35%,. Supplementing the Trademarks Act, the newly introduced Trademark Rules, 2021 (Legal Notice 50 of 2021), (the “Rules”), establish the rules. Acquisition of one company by another which holds 90% of. Like all other types of licenses, this one also has a non-refundable fee of £185, which must be paid via credit or. Furthermore, it supports holistic growth and allows the company. Licensee Hub Applications Compliance Enforcement Register Licensee Register Recognition Notice. Type 2: €100,000 - Encompasses fixed odds betting. The B2C license is applicable to any entity that is offering, providing, or. Recent reforms, such as the proposed Gaming Act of 2018 and Bill 55 which protects Malta license holders from. Basic Requirements for a Malta Gambling License: Gaming operation review Application procedure Taxes Conclusion Online gaming is a highly restricted. 25% if the profits do not exceed €3 million and 1% for profits up to €4. Contact Us. To run a virtual gambling website legally, you should have a permit. Contact Us. There are a number of reasons why acquiring a Maltese online gaming license is a benefit. At present many of the leading operators transferred the bulk of their operations to Malta. A welcome bonus is provided, and both the UK and EU nationals can take advantage of it. Provides for slots, poker, roulettes, lotteries, etc. B2B gaming license in Malta — it is a license granted to game. Class 2 is a remote betting licence for fixed-odds sports betting. The Qualifying Employment in Maritime Activities and the Servicing of Offshore Oil and Gas Industry Activities (Personal Tax) Rules (LN140 of 2018 ) is a programme that allows senior employees engaged within the maritime and oil and gas industry to benefit from a flat rate of 15% tax on employment income derived in respect of. The new license is valid for all iGaming – sports gambling, casino, poker, bingo, lottery. Such fees include; Application Fee for a New Licence of 5,000 Euro, which has to be paid when applying for the Gaming Licence. Maltese gaming licence the best solution to any operator. Payment Services are regulated in Malta by the Financial Institutions Act which also regulates Electronic Money Institutions. Malta gaming license Issued by the Malta Gaming Authority (MGA), for a period of 10 years. This Malta gaming licence is known as a B2C licence. THE TEAMAbout JanJan Killips Wright is a lawyer by profession and joined CSB Group as a Regulated Industries & Compliance Advisor in 2022. Contact Us. com. T: +356 2557 2557. starts here. While the old gaming rules set a different. 7 billion) online gambling industry, becoming to internet casinos something like what tax rules. 14th. The application fee for a new Malta online casinos license/remote gaming license in any class is EUR 2,330 and license renewal fee for a subsequent five year period is EUR 1,165. “Everybody's praying that Malta. The Anjouan Gaming License is a licensing framework that allows companies to operate online gambling platforms under the jurisdiction of Anjouan, a small island located in the Indian Ocean. The Malta gaming license is suitable for startups with capital, or operators established in other jurisdictions looking for an additional gambling license. CSB Group has over 35 years of experience and the expertise needed to help you with all your corporate service needs. Malta. The price includes two domains and one validator. Smarter business. 25% if the profits do not exceed €3 million and 1% for profits up to €4. Purchasing a license is expensive. This includes land-based activities such as casinos as well as their online counterparts. There are currently almost 500 Malta remote gaming licenses issued by Malta Gaming Authority. Share Capital requirements subject to the class of gaming license applied for. EveryMatrix Ltd is a B2B iGaming software provider company founded in 2008 with its headquarters in Malta. Gambling services that are provided distantly via email were defined in gambling business. For a self-managed hedge fund having its day-to-day portfolio management engaged within an investment committee as appointed by the Directors of. com. Our Turnkey solution provides everything you need to get an online casino up and running in the blink of an eye. Online Gaming License, better Gibraltar or Malta ? Both countrie are countries that have multiple advantages for your businesses as we have mentioned them before in this blog. The Malta Gaming Authority (MGA) is responsible for licensing and regulating all forms of gaming in Malta, including Malta remote gaming license, land-based gaming, and national lotteries. 01 to 583. A director can either be an individual person or a legal entity. A Malta iGaming online gambling licence may be used in all countries that don’t have any local prohibition on gaming. 5%. Company jurisdiction: Malta. At present many of the leading operators transferred the bulk of their operations to Malta. Since 2001, Malta has provided a flexible and effective online gambling licence regime which has seen many of the world’s biggest remote gaming names flock to the island. F: +356 2557 2558. 4 types of gambling license in Malta. Malta Gaming Authority provides two types of licenses (B2B and B2C) for a period of five years. The first step in obtaining a gaming license from the Anjouan is the formation of an online betting or gaming company. The Group is backed by a highly skilled iGaming advisory team who professionally assists with various iGaming services. CSB Group representatives welcomed guests and visitors to their stand located at the Sands Expo. The gaming employee license is sometimes referred to as a personal functional license, which is how the UKGC has dubbed it. 000, 0. 4 billion by 2022. The timeframe for obtaining a new remote gaming licence from the MGA ranges between six and 12 months from the. We focus on regulatory compliance, ethics and transparency. 2 Specify: (i) the law and regulation that applies to the Relevant Products in your jurisdiction; and (ii) – in broad terms – whether it permits or prohibits the offer of Relevant Products to persons located in your jurisdiction. The Global Gaming Awards are highly respected and esteemed awards within the gaming industry, and being shortlisted for an award is a major accomplishment.