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  • Gambling licence choice of jurisdiction

    A gambling licence allows you to run your gambling business legally. It is proof that the resource and software meet certain security requirements. Gambling licensing is not available in all countries.

    Thus, a gaming license in Russia for online casinos is not available. Here there is a restriction on the organization of gambling. Casinos are located in special territorial zones, where their operation is strictly regulated and controlled. The Internet space is not covered by the current legislation. Online casinos are prohibited on the territory of the Russian Federation.

    Gambling licence available jurisdictions

    An alternative for Russian entrepreneurs wishing to open an online casino is an offshore gambling license. The list of such zones includes about 80 countries.

    Obtaining permits in countries of different jurisdictions may differ significantly in the following parameters:

    • price;
    • receipt deadline;
    • additional requirements for applicants;
    • validity period and conditions for renewal;
    • prestige.

    When choosing a jurisdiction to open a gambling establishment, it is advisable to pay attention to all the conditions for obtaining permits. In some countries, the licensee can count on some bonuses or even tax benefits. In other countries, on the contrary – additional control, complicated reporting, additional requirements to the branch in the country, etc.

    Popular jurisdictions include the following:

    • Curacao;
    • Alderney;
    • United Kingdom;
    • Denmark;
    • Belgium;
    • Gibraltar;
    • Kanavek (Canadian province);
    • Malta;
    • Isle of Man;
    • Belize;
    • Costa Rica and others.
    Gambling licence choice of jurisdiction
    Gambling licence choice of jurisdiction

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    Gambling licence examples

    Here are a few examples of different jurisdictions to illustrate the differences. The gambling license in Costa Rica is a prime example, a jurisdiction where government control and regulation is minimal. The licensing procedure is extremely simple. It is enough for an entrepreneur to register a company and obtain a special permit to process personal data. That, in fact, is where it all ends. No checks and virtually no control.

    The plus – in Costa Rica, the price for obtaining a gaming license is low. Minus – it does not enjoy a very high status among international financial institutions, and there may be problems with service, as well as problems with the contract for the supply of licensed software with the leading providers.

    A more status-oriented example of gambling licenses is Curaçao and the Isle of Man comparison:

    • in both jurisdictions, a basic licence and a sub-licence are issued;
    • in Curaçao, 0% income tax and a security deposit of around €34,000, 2% corporation tax;
    • in the Isle of Man – taxes on gross income are collected at a rate of 1.5% to 0.1% depending on the annual amount of income, corporation tax is 0%;
    • application processing in Curacao takes on average about 6 weeks and in case of delay a temporary license may be granted for six months, in the Isle of Man the processing time is 10-12 weeks.

    These are just some of the licensing features of these jurisdictions. Detailed information can be found on the official websites. To simplify the selection process, you can use the services of professional companies.

    The best alternative to self-licensing is to buy a turnkey online casino solution with a gaming license. Such a service is offered on the best terms by B2bslots.

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