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The first thing is to choose a software provider, the second equally important aspect is an online casino license. Online gambling permission is a must-have for working with casinos in target markets. Moreover, official game developers and processing service providers will only work with licensed gaming websites. Finally, a legal online casino is much better accepted by players who naturally want to try a safe place to Betwinner login and win real money.
Types of regulators
There are two main types of licenses: an international license, also known as an “offshore license” and a domestic or country-specific license. International jurisdictions are suitable for projects aimed at several markets, while internal licenses allow online casinos to operate within one specific country.
Regulated markets include the United Kingdom, Spain, Belgium, Bulgaria, Romania, Estonia, Portugal, Mexico, and others. National regulators often require that not only the casino has an appropriate internal license, but also known software providers, for example, Playtech or NetEnt.
There are a lot of international regulators known because of gambling. The main point to consider is the reputation of the jurisdiction, the complexity to obtain a license, payments, taxes, etc. In this article, you will find all the needed information about international gambling jurisdictions and their special conditions.
Popular gambling jurisdictions
Malta
Malta has a good reputation within the EU market and is fairly well known among operators targeting Europe. The declared fee is €2,330, and further is paid €8,500 per year to renew the license. Game taxes are €4,660 per month for the first 6 months, and €7,000 per month thereafter. However, it is important to remember that there are significant legal costs associated with the procedure.
The procedure for obtaining a Maltese license is a complex and lengthy process. All candidates must prove themselves well and provide a business plan as proof of the success of their business. You must also provide a copy of verified accounts and personal information about shareholders. Online casino software must be tested against a variety of industry standards by the Malta Gaming Authority.
Isle of Man
On the Isle of Man, the filing fee will cost £5,000 (after the payment of a non-refundable £1,000 fee) and £35,000 must be paid annually. Gaming taxes vary from 0.1 to 1.5% depending on the gross gaming yield. The application procedure is quite slow. Applicants must have a financial reserve for additional payments, prove their reputation and offer fair principles of the game. The company will be registered on the Isle of Man, and the servers that will serve the online casino must also be located there.
Antigua and Barbuda
Antigua and Barbuda is one of the most respected jurisdictions in this area but at the same time the most expensive. There is a non-refundable $15,000 to be paid, while $100,000 goes towards renewing the license every year. The application procedure takes at least 60 days. Before opening a casino, the operator must have a reserve amount of $100,000 in the account. The jurisdiction has strict laws and restrictions regarding fraud and money laundering.
Montenegro
Montenegro is a relatively young jurisdiction providing all-in-one services: licensing, merchant accounts and company setup. All this will cost €25,000 for the first year, and then €15,000 annually.
Curacao
Curacao (Netherlands Antilles) is definitely the best solution with optimal time and budget conditions. Not surprisingly, this is the most popular jurisdiction for the gambling industry. The entity or individual licensed will be required to incorporate in Curacao through trusted partners who act on behalf of the Curacao government. The process of registering and purchasing licenses takes several weeks and can be performed remotely. Unlike some countries, Curacao does not require casino servers to be stored in its territory, however, regular backups of databases to a local server will still be necessary.
To summarize
Each jurisdiction has its own website, which clearly outlines the rules and all responsibilities for quality control of online casinos and games. It will take a lot of time and effort to analyze the conditions, apply for a license, provide all the necessary documentation about the company and establish communication with the licensing authority. All this may not be difficult, but it will require a certain amount of time and knowledge.
No matter what jurisdiction you choose, the main thing is that it is an official and recognized license. If the gambling establishment that you have chosen has the necessary legal documents, such a gambling establishment can be trusted. This means the games will be fair, the winnings will be real, competitors will be real, and the game comfort will also be higher than in unverified online casinos.