Gambling Commission | Home Malta gaming regulator suspends licence of bookmaker with mafia ties. MaltaToday reported about Bet’s ties with Italy’s Sacra Corona Unita in , but MGA.


Online gambling licence malta

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The information on this web site is being provided as a general guide only and should not be considered as a substitute for professional advice. MGI is a worldwide association of independent, auditing, accounting and consulting firms incorporated in the United Kingdom.

Each member firm undertakes magic online casino responsibility for the activities, work, opinions or service of the other online gambling licence malta firms.

Click Here to Read the Swedish Version of this publication. Serious gaming companies understand the importance of a reputable license. Being perceived by players as safe and article source will provide for greater credibility to online game sites and therefore assist in making them more attractive to potential players.

This will in turn facilitate player acquisition and retention and consequently lowers the costs associated with such acquisition. As all operators know, the cost of player acquisition can be a determining factor in online gambling licence malta success or otherwise of their deposit 10 play with 70 slots gaming operation.

Malta offers the Online Gaming Industry a online gambling licence malta that few other jurisdictions can match. Thanks to such industry specific legislation and regulations, Malta has, over the past online gambling licence malta years become the number one jurisdiction for online gaming operations. The new rules provide for four different classes of licenses, namely:.

Class online gambling licence malta — Online games such as poker, betting exchange, bingo, tournaments. Licenses are issued for a minimum period of five years and may be extended for further periods of five years each. Obtaining an online gaming license in Malta is a serious affair.

It is not an issue of just paying the required fee. Online gambling licence malta is a detailed application process and the applicant and the online gambling licence malta operation is subjected to detailed reviews online gambling licence malta to ensure they meet the legal requirements as provided by local and international legislation and directives. In the long run, such a rigorous licensing process is of benefit to the operation itself.

Keeping away the problematic operators can only enhance the slot machines online games of our jurisdiction, which in turn will reflect on the local licensed companies.

The licensing procedure is quite extensive but thanks to the professionalism of the persons online gambling licence malta, this procedure should not take more than two to three months. The application for a gaming license requires the following documentation:. A copy of the last audited accounts of the promoting company, where applicable. A business plan indicating the economic activity — including job creation if any — which will be carried out from Malta.

A plan of the premises earmarked for adoption as a call centre — when applicable. A detailed narrative of the software proposed online gambling licence malta be used by the operator.

Both hardware and software involved in the operations must be located in Malta, and there exist companies that can provide this service without the need for the licensee to obtain its own hardware or premises they so require. Once a gaming license is obtained, gaming tax will become payable to the authority from the date the operations goes LIVE. The gaming tax varies depending on which class of license one obtains as follows:.

Class 1 — fixed at Euro 4, monthly for the first 6 months and Euro 7, per month thereafter. Class 2 — Betting operation — 0. Class 4 — fixed at NIL per month for first 6 months, at Euro 2, monthly for next six months and at Online gambling licence malta, monthly thereafter. Gaming companies are not subject to any special tax regime. In addition, Malta does not levy withholding tax on any outbound distributions of dividends.

The refund system and the absence of a dividend withholding tax ensures that profits derived by gaming companies are taxed online gambling licence malta repatriated outside Malta in the most efficient manner. Malta became a member of the European Union on 1st May, Therefore companies registered in Malta have the right to operate in the Single European Market which itself is covered by various directives.

Therefore every operator is encouraged to familiarize himself with the legislation of his target markets. Obtaining a Malta online gaming license does not exclude you from complying with the laws of other countries. The above information is being provided as a general guide only and online gambling licence malta not be considered as a substitute for professional advice. Your http://pay.onatra.info/playtech-casino-bonus-300.php address will not be published.

Disclaimer The information on this web site is being provided as a general guide only and should not be considered as a substitute for professional advice. Click on publications to proceed Proceed. Online Gaming Licence — Malta Posted on: Click Here to Read the Swedish Version of this publication Serious gaming companies understand the importance of a reputable license.

The new online gambling licence malta provide for four different classes of licenses, namely: Class 1 — Casino style games, lotteries and slots Class 2 — Bettingpool and sports betting Class 3 — Online games such as poker, betting exchange, bingo, tournaments Class 4 — Provision of online gaming platform Licenses are issued for a minimum period of five years and may be extended for further periods of five years each.

Licensing Requirements Obtaining an online gaming license in Malta is a serious affair. Keeping away the problematic operators can only enhance the reputation of our jurisdiction, which online gambling licence malta turn will reflect on the local licensed companies The licensing procedure is quite extensive but thanks to the professionalism of the persons involved, this procedure should not take more than two to three months.

The application for a gaming license requires the following documentation: Detailed profile of check this out promoting company 2.

A copy of the last audited accounts of the promoting company, where applicable 3. A business plan indicating the economic activity — including job creation if any — which will be carried out from Malta 4. A plan of the premises earmarked for adoption as a call centre — when applicable 5.

All licenses are issued only to companies registered in Malta 3. Licence Fees The costs associated with an online gaming license online gambling licence malta are: Payable on submission of the license — Euro 2, Payable for software review — Euro 2, Payable once the license is issued — Euro 7, Payable every year thereafter — Euro click here, Taxation Once a gaming license is obtained, gaming tax will become payable to the authority from the date the operations goes LIVE.

The gaming tax varies depending on which class of license one obtains as follows: Disclaimer The above information is being provided as a general guide only and should not be considered as a substitute for professional advice. This entry was posted in Publications. Leave a Reply Cancel reply Your email address will not be published.

MGI Worldwide is a network of independent audit, tax, accounting and consulting firms. MGI Worldwide does not provide any services and its member firms are not an international partnership. Each member firm is a separate entity and neither MGI Worldwide nor any member firm accepts responsibility for the activities, work, opinions or services of any other member firm.

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