Which are the best jurisdictions to get an online gambling license in and why?
$6,000 Welcome Bonus
Online gambling industry has grown and evolved in the last six months. Entrepreneurs are looking for a license to operate online gambling. Cost, fees, application processing time, terms, limitations, and ongoing maintenance are all factors to be considered before a decision is made.
Curacao has the first online gambling license in 1996. It is a good option for startups and entrepreneurs looking for a license for their online platforms. The license is more efficient and streamlined than in other jurisdictions. There is no additional gaming tax and the license complies with EU rules.
Kahnawake is a First Nations reserve in Canada and has been offering online gambling licenses to operators for around 20 years. The license is more costly than Curacao's but it is cost-efficient and straight forward. There is also zero gaming tax or income tax to be paid on revenue generated outside of the Territory.
Malta has been issuing online gambling licenses since 2000. It is home to some of the biggest international gaming operators. Last year, the MGA made some changes to iGaming legislation that streamlined the licensing process and restructured the fees.
The process of choosing a jurisdiction to start an online gambling business is difficult. Different authorities have different standards of compliance, policies, responsible gaming and other operational matters. It is wise to engage with a professional who has extensive knowledge of the industry and the intricate requirements of each jurisdiction.
