The New Gaming Act which was published on the 15th of May and shall come into force on the 1st of July 2018 implements a number of changes which aim at expanding the powers and functions of the Malta Gaming Authority from a regulatory perspective and eliminating previous bureaucratic measures. Want to start a gaming business in. Only entities holding a business-to-consumer (B2C) licence from the Malta Gaming Authority are deemed to be ‘subject persons' for the purposes of local legislation on anti-money laundering and counter-terrorist financing. Upgaming, a leading iGaming solutions provider, has published its latest guide, "How to get Malta Gaming (MGA) License in 2023. 05 of the Laws of Malta). But ours is truly magnificent! We like to keep it that way, by investing in fun, dedication and teamwork. We offer a comprehensive range of services, including bank account opening, software procurement, and merchant account acquisition, to facilitate the. Malta is a Mediterranean island, which is also a member of the EU. Valletta, Malta. Isle of Man. It provides a variety of licenses, including B2C and B2B versions. Malta Gaming License costs and fees. The license cost is high compared to some other jurisdictions and the process is complex. 05 of the Laws of Malta) empowers the MGA to request any person wanting to obtain a gaming licence to operate or promote or. Operators that hold a Malta Gaming License are also not allowed to operate in jurisdictions that have been blacklisted by the Financial Action Task Force on money laundering (FATF). Comparatively speaking to Curacao, Malta and the UK typically have greater license acquisition expenses. The Malta gaming license represents the prestigious grademark of the iGaming industry. 1 Which entities regulate what type of gambling and social/skill gaming activity in your jurisdiction? Relevant Product Malta Gambling License Requirements. The Maltese Gaming License allows companies to provide gaming services in or from within Malta. Non-refundable Fixed Annual Licence Fee for operators providing solely Type 4 gaming services. A set yearly licensing cost of €25,000 is imposed on each licensee of B2C gaming services. Class 3 is a licence to advertise gaming in or from Malta. Your LinkedIn Connections. It regulates most forms of gambling in its territory, including both land-based ( casino, amusement and slot machines, betting offices, fantasy sports, and lotteries) and online gambling services including B2C and B2B. This process takes somewhere between six and 12 weeks. Four different types of MGA licenses are offered by Malta, each license catering to various segments of iGaming industry:-. Non-refundable Fixed Annual Licence Fee. Nowadays, the Gaming Authority is responsible for regulating over 300 online operators, and around 50% of the country's international bandwidth is used by remote gaming. Online/Mobile/Digital/Electronic Media 4. An Anjouan Gaming License offers 0% GGR tax and 0% VAT on gambling businesses. Share Capital requirements subject to the class of gaming license applied for. The regulatory framework applicable to both online and land-based gaming in Malta is consolidated into the Gaming Act (Chapter 583 of the Laws of Malta – "the Gaming Act"), and Subsidiary Legislation 583. If the applicants’ intention is to handle cash related to gambling, this is what they need to obtain. A gambling licence is a prerequisite for an online casino business as it provides a legal basis for online casino operation. The Malta Gaming Authority has been regulating gaming and issuing licensing since the early 2000s. 583. on. Types of licenses. com. Malta. The fee for getting (and renewing) a Curacao license is €21,900 per year + 6% sales tax. Validity inside the EU. Malta: Malta Online Gaming Licence Application (Video) 30 April 2021. Malta Gaming License Process. Required authorized capital – 100,000 EUR. Malta Gaming Authority — The Malta Gaming Authority provides B2B and B2C licenses and requires operators to adhere to stringent guidelines, including regular financial disclosures and robust player data protection. CasinosHunter overviews this license issuing body in detail in this overview. Class 1: This license covers online casino games, including table games and slots. mt. A gaming license is a permit issued by the commission or association controlled by a government or state that enables the holder to organize or conduct any gambling activity, gaming device, slot machine, or sports betting pool. In broad strokes, Class 1 licenses, encompassing a wide spectrum of gaming activities, tend to have higher application and annual fees. The following services shall each constitute a gaming service: a. Some large betting companies, among them bwin and tipico, have set up residence in Malta as well. Additional Information can also be viewed through the dynamic seal. In addition to the Compliance Contribution, Gaming Tax is also due in terms of the Gaming Tax Regulations at the rate of 5%. The Subsidiary Legislation addresses various aspects of gaming operations, such as the. 583 of the Laws of Malta) and other applicable regulatory instruments (hereinafter referred to as the ‘Regulations’). In all cases, a basic non-refundable fixed annual license fee is levied. Reading Time: 1 minute SoftGamings is thrilled to announce that another one of its products has received a licence from the Malta Gaming Authority. The highly reliable license from MGA ensures a presence in numerous markets. Maltese License Features. AE Malta, previously Aequitas, is a company offering legal and other services related to iGaming and compliance. More. The applicable Malta gaming licence costs, including taxes and licence fees are found under the Gaming Licence Fees Regulations (Subsidiary Legislation 438. Our analysis suggests that this projected change, referred to as “essential” by Finance Minister Javier Silvania, is similar to the Malta gaming licensing system. Affinity Management Services. 438. GameArt , a developer of high-quality HTML5 slot games for both online and land-based casino operators, is proud to announce its latest acquisition, which comes in the form of a Critical Gaming Supply. Reading Time: < 1 minute. How Much Does a Gaming License in Malta Cost The expenses associated with securing a gaming license in Malta are contingent upon the license category and the nature of your gaming operations. IGA Group assist our clients in obtaining the MGA license and more! Contact us, We’ll be happy to meet and assist you! Email: contact@igagroup. Curacao Online Gaming License, Isle of Man Gaming License, Kahnawake Online Gaming License, Malta Gaming License; Regulatory and Compliance Services – We’re experienced. However, if the company is a single-member company it cannot have a legal entity acting as director. Subsequently, the MGA granted the gaming licence in July 2022,. A Curacao gaming license at 2023 is the most cost-effective in the world. and Evolution Gaming Malta Limited is licensed and regulated by the Malta Gaming Authority under license MGA/CRP/187/2010/01. Here you will find the information on gaming licensing in 35+ jurisdictions, including Curacao, Malta, UK, Gibraltar, Alderney and others. L. This one works for operators who manage game elements that control regulatory records. L. In Autumn, the island is a hot spot for tourist as there is no sultry heat with a water temperature that is comfortable for swimming. For over 20 years, the MGA has been regulating gambling businesses, including online casinos and sportsbooks. The applicable Malta gaming licence costs, including taxes and licence fees are found under the Gaming Licence Fees Regulations (Subsidiary Legislation 438. com. The Maltese Gaming License allows companies to provide gaming services in or from within Malta. Also, €4,660 is a tax to be paid 6 times for the Class 1 Licence, and 5%. You can claim B2B and B2C gaming licenses. 03), which may be found on the Authority’s website. A gaming service shall also constitute the following: offering, provision or operation of a gaming service; andMalta Gaming License and Reports. Securing a gaming license in Malta is not merely a legal formality but an astute strategic move. . In Malta you must pay the annual Malta gaming license cost and the license compliance price. Class 3:- It is suitable for poker, peer to peer gaming & other. The Malta Gaming Authority ( MGA) (formerly the Lotteries and Gaming Authority) ( LGA) is the gaming control board of Malta. The Gaming Authority is a single regulatory body that is responsible for the governance of all gaming activities in Malta including Amusement Machines, Broadcasting Media games, Casinos, Commercial Bingo Halls, Commercial Communication games, the National lottery, Non-Profit games and. We offer the best price & service. Malta has approved amendments to its Gaming Act through Bill 55, enshrining the country’s existing public policy that protects the status of the Maltese gaming licence from “unfounded. Remote Gaming. Regulation 22 of the Gaming Authorisations Regulations prescribes an obligation on entities providing a gaming service, or a critical gaming supply in or from Malta, with a licence issued by. Operators must fulfill the authority's strict standards to get the Malta online gambling licence. The Malta Gaming Authority may decide to classify a game as licensable or exempt, as well as to determine whether a game is a skill game or a controlled skill game, with the latter warranting an ad-hoc licence, through rulings or other binding instruments. It regulates most forms of gambling in its territory, including both land-based ( casino, amusement and slot machines, betting offices, fantasy sports, and lotteries) and online gambling services including B2C and B2B. S. License holders also have to pay a compliance contribution that can reach EUR 600,000 depending on how much revenue. These fees are determined by the operator’s annual income and license category. 3 billion USD) in revenue—more than a double of what it did during 2017’s entire year-long period. Information relating to the Compliance Contribution fee can be found in the Gaming Licence Fees Regulations (S. tborgolivier@deloitte. Class 3 – a licence to advertise gaming in or from Malta (suitable for poker rooms and peer-to-peer gaming) Class 4 – a licence to host and manage remote gaming operations (this is essentially a B2B gaming licence) Horse racing and spread betting are the two types of. Alderney Gambling Control Commission — This jurisdiction is recognised for its high standards of regulation and player protection. Who We Are Our Values Our Structure Careers Organisation Chart. Subsequently, the MGA granted the gaming licence in July 2022,. L. This not only benefits the team, you profit from it too. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. 1X2 Network Malta Ltd, is licensed and regulated by the Hellenic Gaming Commission, holding license number HGC-000048-MN, issued on 23/07/2021 1X2 Network Malta Ltd, is licensed and regulated by the Oficiul National pentru Jocuri de Noroc (ONJN), holding license number 774/29. The commission. 1. Game Types; Licence Number Game Type Approved Service Providers Approved Vertical Approved; MGA/CRP/171/2009: Type 1 Gaming Services • Greentube Malta Limited MGA/CRP/120/2006 • Nolimit City Limited MGA/B2B/299/2015 • Evolution NetEnt Malta Limited MGA/CRP/109/2004 • Microgaming Europe Limited MGA/B2B/139/2007 •. S. There are 4 types of B2C Gaming Service Licence. 01. This license is usually taken by the software vendors who host and manage remote gaming operators from the above classes. – Original bank reference letter. In no event will Chambers and Partners be liable for any damages including, without limitation, indirect or consequential damages, or any damages whatsoever arising from use or loss of use, data, or profits, whether in action of contract, negligence or other tort action, arising out of or in connection with the use of the website. ). Enquire. Anticipated Reforms 1. The National Betting Authority oversees Internet bookmaking. B2C, the amount contributed depends on the type of gaming service provided. The yearly bill ends up being €17,900 + 6% sales tax. According to the recent update from 13. Gambling licenses may be issued to a company registered in Malta. Additional Information. You can claim B2B and B2C gaming licenses. 2. Advantages of a Malta Gaming License Tax Benefits: There is a 15% tax payable on any income generated from licensed premises with income over 75,000 euros. The MGA ruled that Dorobet breached regulation 9 (1) of the Gaming Compliance and Enforcement Regulations, specifically paragraphs B, C and L. RN/141/2019 • Lazinco Technologies Limited RN/137/2019 • Swintt Malta Ltd MGA/B2B/745/2019 • Push Gaming Malta Limited MGA/B2B/779/2020. Administrative / Renewal Fee —. Senior Manager. Anticipated Reforms 1. Benefits of a Maltese gambling license include operating in an EU jurisdiction , favourable tax benefits ( as low as 5% through the full imputation system ), ease of doing business with banks and payment providers , and, of course, the prestige. How to Get a Malta Gaming Authority Licence. By. Stage №1. Curacao Sub-licenses are to be renewed until the beginning of 2024. 12 Malta Gaming Authority act Sheets 2023 13 A gaming service licence is a business-to-consumer licence (B2C) to offer or carry out a gaming service. Income tax is 25%. 7. , N 45, area N 7. Benefits of a Maltese gambling license include operating in an EU jurisdiction , favourable tax benefits ( as low as 5% through the full imputation system ), ease of doing business with banks and payment providers , and, of course, the prestige. The Malta Gaming Authority has been regulating gaming and issuing licensing since the early 2000s. Malta. Niji Narayan. Over the past 20+ years, Malta has established itself as the pre-eminent European jurisdiction for remote gaming and gambling. The Malta Gaming Authority (MGA) considers that the Gaming Authorizations Regulations (Chapter 583. These fees can range anywhere between €5,000 with a maximum cap of €500,000 or €600,000. There is no doubt that getting a Curacao gaming license is easier than most others. These are based on annual gross gaming revenue and are laid out in a tiered system. Online/Mobile/Digital/Electronic Media 4. The Malta Gaming Authority, or MGA, was set up in 2001; it aimed to regulate various gaming industry sectors falling under its authority. It offers two categories of licenses, making it. Zoltan Tundik. Game Types; Licence Number Game Type Approved Service Providers Approved Vertical Approved; MGA/CRP/148/2007: Type 1 Gaming Services • LNW Gaming Malta Limited MGA/B2B/112/2004 • Microgaming Europe Limited MGA/B2B/139/2007 • Evolution Gaming Malta Limited MGA/CRP/187/2010 • Play'n Go Malta Limited MGA/B2B/225/2012 • AG. Malta. e. B2C, the amount contributed depends on the type of gaming service provided. The Ajouan gaming license cost is around 17,000 EUR, which includes the Annual Anjouan Gaming License fees covering initial setup fees and the required ISP service for compliance backups. 150. With respect to remote gaming, a specific regime has been established by means of the Remote Gaming Regulations, 2004. L. B2C License (gaming-service license) Only a few years before Malta joined the EU in 2004, the Malta Gaming Authority (MGA) had already started to regulate internet gambling. While most EU countries implemented country-level regulations, many jurisdictions worldwide still don’t have specific laws targeting gambling activities, mainly license issuing. A critical gaming supply licence is a business-to-business (B2B) licence to provide or carry out a critical gaming supply. Submission of a package of documents to the MGA (Malta Gaming Authority), which includes a written application with a request for a permit, a business plan, information on founders and managers of the company, and other documents. 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. Our experts will help you to obtain a license. GBO Malta's licensing experts will assist you to obtain get MGA license including deposit accounts, merchants, books and complete that you need to start your Malta gambling business We leave assist you to gain your Malta gaming license GBO has been get companies obtain Malta Online Games Sales since 2009, and we can assist. com. Again, the process depends on the type of license and the gaming authority whose license you are trying to obtain. Advantages of Gambling licenses in Malta: Strong excellent reputation and tax exemptions. We expect it to become equally popular worldwide. 000. MGA Casinos offer unlimited bonuses, fast payments, and tax-free winnings – without game restrictions or safety concerns. It is also important to note that Malta levies additional gaming taxes on online gambling companies. B2C – Gaming Service Licence. 25%. 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. 75%. The Curacao income tax is just 2% and is not subject to VAT or corporate profit tax. Malta offers four different types of licenses. The UK Gambling Commission accepts licensing applications for both online and land-based casinos. One-time, non-refundable Application Fee. Provides for slots, poker, roulettes, lotteries, etc. Class 2 is a remote betting licence for fixed-odds sports betting. The costs of server hosting, key official’s fee, office, secretary, two shareholders, and other services amount to around €12,000. The gaming industry has grown exponentially; in 2018 alone, it generated over €2 billion ($2. 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. 02 - Gaming Malta Fund Regulations. The main reason for this is compliance with all the requirements of the Malta Gaming Authority, as evidenced by the license number MGA/B2C/394/2017, issued on 08. However, where such licence is granted to the holder of. Malta Remote Gaming Licence. The Anjouan Gaming License is gaining popularity among gaming operators as an alternative to the Curacao license. Gaming in Malta: overview. The Maltese government, and by extension the MGA, has always provided a rigid and reliable framework that is designed to keep up with innovation and technology. for 10 Years Systems Audit . It’s a major milestone for SoftSwiss allowing to expand the reach of the Game Aggregator even further within Malta’s jurisdiction, but also strengthening partnerships with the company’s existing clients. Building SCM 02-03, Level 4, SmartCity Malta, Ricasoli SCM1001, Malta. 000 and EUR 25. Many top developers have obtained licences from the Malta Gaming Authority. The Malta Gaming Authority (MGA) is the regulatory body responsible for the governance of all gaming activities in Malta. They include lotteries and casino-style games such as slots, blackjack, and roulette. Certain conditions have to be met before asking for. Malta: The price to obtain a Malta gaming license there might range from €5,000 to €30,000, depending on the kind of license needed and the services that must be provided. Welcome bonus 100% match-up on deposit up to $30. Here you will find the information on gaming licensing in 35+ jurisdictions, including Curacao, Malta, UK, Gibraltar, Alderney and others. The MGA had warned Arabmillionaire that its licence could be cancelled if it did. A critical gaming supply licence is a business-to-business (B2B) licence to provide or carry out a critical gaming supply. December 23, 2022. Malta: Malta Gaming Authority: Critical Gaming Supply License, B2B: Romania: Romania National Gambling Office: Class II License E140490 (Live Games). L. Remote gaming operators established in Malta benefit from a stable legal regime thanks to the robust Malta Gaming Authority (MGA) Regulatory Framework introduced on 1st August 2018. Malta is a small country with big economy and significant benefits for obtaining a gaming license. The Malta Gaming Authority (MGA) may issue licences of the following categories: Gaming Service licence: a business to consumer licence to offer or carry out a gaming service. The Malta Gaming Authority (the “Authority”) is the authority in Malta responsible for issuing licences for both land-based and remote gaming. E: info@csbgroup. We are able to issue new Curacao sub. Only Type 4 game providers are exempt from this rule; they must pay a set licensing cost of €10,000 per year instead. Reading Time: < 1 minute. In addition, the licensing application procedure is fast, yet offers a. Ezugi Ro S. Let’s have a look at the several advantages that online licensed gambling platforms enjoy with the MGA license:The Financial Intelligence Analysis Unit (FIAU) is publishing, alongside the Malta Gaming Authority (MGA) and the Malta Financial Services Authority (MFSA), a document titled “The Business Risk Assessment”. Gaming Malta is an organization that promotes Malta as a leading jurisdiction for gaming regulation in the local and international markets. The MGA permits the use of crypto within. On top of this expense, Malta gaming corporations have to pay a standard corporate tax of 35% on profits. e. Since the early 2000s, the Malta Gaming Authority has controlled gaming and issued licenses. An online gaming operator can apply for two types of licences in Malta: a B2B (business-to-business) online gaming licence in which the services are provided to other businesses within the industry or a B2C (business-to-customer) gaming licence in which the services are being provided to the end user (the player):Anjouan table prices explanations. The licence for the operation of all National Lottery games is exclusive and was last awarded to National Lottery plc in November 2021 for 10 years. Recognized authority and high reputation are the building blocks of its jurisdiction. The Malta Gaming Authority may decide to classify a game as licensable or exempt, as well as to determine whether a game is a skill game or a controlled skill game, with the latter warranting an ad-hoc licence, through rulings or other binding instruments. The license is not as reputable as some other regulators, such as Malta Gaming Authority or the Isle of Man. Needless to say, such prestige is appropriate when, by obtaining this license, the doors. For over 20 years, the MGA has been regulating gambling businesses, including online casinos and sportsbooks. Contact Us. 409. com. 12 Malta Gaming Authority act Sheets 2023 13 A gaming service licence is a business-to-consumer licence (B2C) to offer or carry out a gaming service. So, if you have what it takes, apply today, champion! APPLY NOW. The first annual license fee is $40,000, software inspection costs $15,000 and annual license renewal fee is $10,000. GBO provides a full set of Curacao Gaming License, company formation, bank accounts, KYC policies and procedures, contact us now for a price offer +97235104257. The world-renowned license gives online gambling platforms a nearly unrivaled level of legitimacy, but navigating bureaucratic processes is never smooth sailing. All operations and gaming servers must be within Malta. L. Isle of Man gaming license cost. Netflix attracted a record 37 million net subscribers pushing its total subscribers to over 200 million. Andrew J Zammit, Dr. Malta Gaming Licence Types. Here are some key distinctions: Regulatory Rigor and Reputation: Malta: The Malta Gaming Authority (MGA) is known for its stringent regulatory standards and thorough. Malta also has strong and attractive fiscal incentives including advantageous corporate, compliance contribution rates and licence fees. Like all other types of licenses, this one also has a non-refundable fee of £185, which must be paid via credit or. However, under the New Licence Fees Regulations, Class 4 licensees will no longer be required to pay a monthly gaming tax, ‘Compliance Contribution’, for every operator they supply licensed in an EEA jurisdiction (other than Malta) or another jurisdiction. To obtain an MGA license, operators must meet strict criteria and undergo a rigorous application process. The Cyprus Gaming and Casino Supervision Commission oversees online gaming including applications, licensing, auditing, and supervision. Payable once the license is issued – Euro 7,000. Law & Trust specialists take care of the entire preparation, submission, and review of the license application. Services. 2st year costs. The Malta Gaming Authority license The Malta Gaming Authority is Malta's gaming control board and was created in 2001 to cater to the growing online casino industry. The B2C license is applicable to any entity that is offering, providing, or. This includes the Annual Anjouan Gaming License fees, covering both the initial setup fees and the required ISP service for compliance backups. Namely, SoftGamings’ sportsbook solution powered by BetRadar is now fully licensed by the MGA, bringing fixed odds and live betting within reach of all clients holding a B2C Maltese. Class 1:- It is designed for operators who offer games of chance against the house. Ghana. In the case of a gaming service licence, i. This step also includes an in-depth analysis of your. Non-refundable Fixed Annual Licence Fee for. The Malta Gaming Authority (MGA) has cancelled the B2C gaming licence of Arabmillionaire after the online operator breached a number of regulations. Malta. This is the most dynamic sector from the two and in August 2018, a new Gaming framework came into force, that ensured the. A fixed annual licenсe fee – €25,000; flexible taxation – 0. A capped gaming tax (depending on the type of gaming/betting operations carried on) coupled with the refundable tax credit system available under Maltese law provide for a very attractive fiscal regime for Maltese. You must declare which types of games the license is issued for your company registered in Malta. Moreover, Malta was the first EU jurisdiction to introduce regulated remote Gaming, and is the largest EU iGaming hub, with companies-billionaires opening their offices on the island. . Our analysis suggests that this projected change, referred to as “essential” by Finance Minister Javier Silvania, is similar to the Malta gaming licensing system. Nowadays, the Gaming Authority is responsible for regulating over 300 online operators, and around 50% of the country's international bandwidth is used by remote gaming. Since legislating remote gaming in 2004, Malta has grown to become the worldwide leading hub for e-gaming licenses. Curacao is reorganizing its gambling industry and is ready to issue new licenses to operators in November 2023. 05 of the Laws of Malta) empowers the MGA to request any person wanting to obtain a gaming licence to operate or promote or sell or abet gaming in and from Malta to fill in this form. 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. For more information, you can also read our overview of online gambling jurisdictions. 1 – from EUR 15. As a leading Corporate Service Provider in Malta, CSB Group is able to provide expert advice and assistance on what Malta has to offer in relation to the Fintech Industry. Such license is issued for the organization engaged in exchange of bets, sweepstakes, poker-rooms, bingo. 7. by Helena Grech 22 June 2023. 11. There are 4 Types of Gaming Licence in Malta under the Remote Gaming Regulations 2004. Application fee of €4,000 -€6,000 and a yearly license fee of €12,000 - €16,000. However, there are some start-ups with specific EU target. B2C Fixed Annual Licence Fee. Type 1 licenses will cost €2,330, Type 2 licenses will cost €1,165, and Type 3 licenses will cost €4,660 as of September 2021. Navigating Gaming And Gambling Law And Regulation In Malta. Today, the Malta Gaming Authority (MGA) regulates the entire remote gaming sector, the area through which the distance gaming is offered. The CGA will not only have licensing authorizations but will also occupy the supervisory role within the sector and will be. Types of Maltese gambling license. The Malta gaming license represents the prestigious grademark of the iGaming industry. Usually, the purpose of applying for a gaming license in Malta would be to license an online casino, rather than a brick and mortar casino on the island. Their comprehensive laws, directives, and licensing norms ensure that all and even the new MGA casinos under them protect the interests of players. Currently, they offer two types of licences; B2B and B2C. Relevant Authorities and Legislation 2. The Malta Gaming Authority (MGA) will grant an applicant with one or both of the following licences: Gaming Service Licence (B2C) A Business to Consumer licence to offer or carry out a gaming service. L. Once you’ve submitted your application, the gaming authority will have to review it before they can approve it. Class 4: This license is for operators who host and manage other remote gaming operators, excluding themselves. Throughout the world, gaming and gambling operators recognise the business opportunities and other benefits that are available to those who operate. Furthermore, a licensee for Malta gaming license (for B2B class) is subject to minimum issued and paid-up share capital requirements: Type 1 – Minimum €100,000. Obtaining a Malta betting license. King Billy Casino. Type 3 – Minimum €40,000. Rizk Casino. So, getting the Malta Gaming Authority licence is not a one-time deal. €25,000. The Malta Gaming Authority ensures that licensed gaming operations are fair and transparent to all players, prevent crime, whilst protecting minors and vulnerable players. Originally, the Licensing Authority would only consider “blue chip companies with a track record in gambling in other jurisdictions”. When the license application process is finished, the MGA grants the Licensee a 10-year gaming license. 583. The regulatory framework applicable to both online and land-based. The Malta Gaming Authority ( MGA) (formerly the Lotteries and Gaming Authority) ( LGA) is the gaming control board of Malta. Getting a gaming licence in Malta takes three to four months, and one needs to pay a pretty tidy sum, especially if one wants to get a Class I licence. Benefits of a Maltese gambling license include operating in an EU jurisdiction , favourable tax benefits ( as low as 5% through the full imputation system ), ease of doing business with banks and payment providers , and, of course, the prestige. Any gaming service subject to the requirement of a licence, carried out from Malta, or to any person in Malta, is subject to a gaming tax calculated at the rate of 5 per cent on the. In the case of a gaming service licence, i. Swatar, Malta – June 4, 2020: GGPoker Network today announces that it has been awarded a Type 3 Gaming Services license by the Malta Gaming Authority (MGA). Additionally, Malta charges license holders regular fees depending on the kind of license it holds. The Group. Operating in an EU jurisdiction, as well as favorable tax incentives, are all advantages of a Maltese gambling license (as low as 5 percent. L. SoftSwiss is delighted to announce that the company’s Game Aggregator has now received a B2B licence from the Malta Gaming Authority (MGA). This gaming license is intended for iGaming operators and allows them to provide clients with multiple types of games. 2023. The cost of a Malta gaming license varies by category. When in the process to open an iGaming company in Malta, one of the lengthiest procedures is to apply for the license that allows you to operate. The fee to apply for an online gambling license in Malta is €5,000. Malta (B2B – B2B Online Gaming Licence) Directorship Services. 40-1. Since then, the Remote Gaming Regulations of Malta led to the country being the first-ever EU. Any person in possession of a licence issued by the MGA shall pay the Authority the appropriate non-refundable fixed annual licence fee. Malta Gaming Authority Licence Established in 2001, Malta Gaming Authority (MGA) is one of the most respected and well-known regulatory bodies in the online gambling industry . Click on the 'Support' button in the top right corner of the menu bar. Businesses that generate more than 5 million euros are not subject to this tax. Class 4 is a licence to host and manage remote gaming operations. Under the Remote Gaming Regulations, the Malta Gaming Authority may issue a business-to-consumer or business-to-business licence. by Roger A. To apply for a gaming license, open a bank account or ask a question, please, fill in the form: Name. Book a consultation. Game Types; Licence Number Game Type Approved Service Providers Approved Vertical Approved; MGA/B2B/801/2020: Type 1 Gaming Services • Swintt Malta Ltd MGA/B2B/745/2019 • N-Serve Limited MGA/B2B/406/2017 • Evolution Gaming Malta Limited MGA/CRP/187/2010 • Evolution Red Tiger Malta Limited MGA/CRP/480/2018 •. Comparing Malta and Curacao gaming licenses provides a good example of the differences between an onshore (Malta) and an offshore (Curacao) gaming license. There are various Gaming license types in Malta and one can choose to either apply for a B2C license or a B2B license. Our Work Annual Reports & Audited Financial Statements Regulatory Framework Partnerships Publications Consultations Guidance Notes News. Douglas, Isle of Man. The gaming tax in Malta is 5% of the gaming revenue generated from the gaming service. The Curacao income tax is just 2% and is not subject to VAT or corporate profit tax. Bill 55 protects MGA licence holders from enforcement actions coming from foreign court judgements . The gaming taxes in Malta depends on the type of remote gaming licence and what games are offered. Gaming Tax ( 5% of the gaming revenue generated from the gaming service) Compliance Contribution (Refer to Fees Document)Taxation. These include the need for the operator to. The new Curacao Gaming License requirements – a GBO analysis. License costs €25k, plus minimum paid-up capital €100k. Malta was the first country in the European Union to be granted the right to issue licenses for online casinos. The default gaming licence term, whether original or renewed, is of 10 years. A gambling licence is a prerequisite for an online casino business as it provides a legal basis for online casino operation. This is payable monthly and is based oin the gaming revenue generated from players located in Malta. (GB) under account numbers 41655. Bonus and Promo Offers 🎁. Renowned throughout the world, a platform operating under the supervision of the Malta Gaming Authority will find many doors opened to them.