Malta Gaming License Cost

3/24/2022 admin

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In total, receiving a Malta gambling license for one year can cost from €100 000 and up to a few hundred thousand euros, depending on the needed certification types and amount of outside consultancy help. Cost of an Online gaming License. The costs to consider when getting an online gaming license include the cost of application; legal advisory fee; operational compliance; taxation and the annual renewal of the license. In Curacao for example the cost can be about €20,000-25,000. A license fee is €25,000; a request for application processing costs €2,300. License renewal costs €1,500. The new rules of gambling business taxation in Malta have become effective since January 1. It was a fixed fee earlier. Now, the amount of annual tax depends on the license.

There are 2 types of online gaming licenses issued in Malta a B2C license or a B2B license

Licensees must have the core part of their online operation physically located in Malta.

Malta Gaming License Requirements

Basic requirements are:

In order to qualify for an Online Gaming License in Malta the following conditions and submissions have to be met:
-Original Certificate of no criminal record of the owners of the company to ensure that there are no criminal records about these owners, not older than 3 months;
-Pass ‘Fit & Proper’ Test
-Fill various key function compliance roles (if you cannot fill them with your team members, we can provide team members to do so at an additional cost)
-Notarized / Certified Copy(ies) of passport(s)
-Original Bank references of the owners; not older than 3 months
-Original or Notarized / Certified Copies of utility bills not older than 3 months
-Detailed business plan
-Details of all gaming software systems used
-Compliance & Software audit
-Hosting of operations/gaming servers must be in Malta

Our turnkey package with an Online Gaming License in Malta includes:
-Maltese Company
-Registered Office, Agent and Secretary.
-Business Plan preparation and submission
-Collecting, collating application requirements
-Documentation preparation and submission (Gaming & Control system based on MGA requirements)
-Application for B2C or B2B Malta Online Gaming License

Online sports betting is considered a profitable business with a short payback period. Bookmakers that accept bets over the Internet must have a license for this type of activity, and not every country issues them. GamingLicensing will help you obtain a prestigious license from Malta or Curacao and start a legal betting business in the shortest time possible. Of course, the assistance of our experts will not eliminate the need to collect all documents required by those jurisdictions, but we are fully aware of all the pitfalls, and therefore you will not have to deal with bureaucratic procedures.

Getting a Malta betting license

Malta is a beautiful Mediterranean island state. The best time to visit it is autumn, when there is no sultry heat and the water temperature is still comfortable for swimming. However, to obtain a license, you will not have to fly—or sail by ferry from Sicily— to Malta at all, since we will take all the trouble. According to MGA (Malta Gaming Authority) rules, bookmaking activities require a B2C license. In order to get it, you must provide the following documents:

an application in English;
copies of company’s beneficial owners’ personal documents;
a brief description of your professional background, criminal record, corporate charter, business plan and some other documents.

A license holder is obliged to pay an annual license fee of €25,000. After receiving a registration fee and verifying the submitted documents, MGA makes a decision on issuing a betting license. Generally, the whole process takes about 2 months.

As a result, you will be issued a B2C license, which allows you to conduct betting activities in all countries where gambling is not prohibited.

Getting a Curacao betting license

A company that is planning to receive sports bets via the Internet may also obtain a Curacao license, which is considered a convenient alternative to Malta’s one. With the Curacao betting license, one can enjoy a number of advantages:

almost every bank will willingly open you a Merchant Account for conducting transactions and players’ deposits/withdrawals;
sportsbook software providers freely cooperate with Curacao license holders;
Curacao’s corporate tax rate is 22%; however, so-called E-Zone companies are completely tax-exempt. GamingLicensing specialists will provide you professional assistance in registering your company in Curacao’s E-Zone.

In order to successfully get a license, you must meet several technical requirements, such as storing backup information about clients and transactions on Curacao’s soil (other databases may be physically located anywhere), getting your software certified by an audit company and having specific website sections (Terms and Conditions, Refund Policy, etc.) and a clickable icon confirming licensing.

Summary

Hopefully, a future sportsbook operator now has no doubts about the necessity of obtaining a license and working within the law. As of today, the best and the most cost-efficient option is obtaining approval documents from Malta or Curacao.

Malta Gambling License Cost

Online Betting License Cost