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Moheli Gaming License

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What is Moheli Gaming license?

The Moheli Gaming License is a type of online gaming and gambling license issued by the government of Moheli one of the islands in the Comoros archipelago - Mwali International Services Authority (Moheli Offshore Finance Authority) the only authority for the autonomous territory of Moheli (also famous as Mwali) which is responsible for financial services and licensing. Moheli island is divided into territorial decentralized collectivities representing the sovereign people. In 1998, after gaining independence and autonomy from the previous Republic, the Government of Moheli adopted the Mwali Services Law, 1998 legislation for the incorporation of companies, including regulated financial entities and gaming casinos, later was amended in 2001. This license allows companies to legally operate online gaming and betting platforms.

Moheli gambling license: main advantages

The Moheli gambling license attracts operators with its comprehensive functionality and vast opportunities. Let`s mention main of them:

Tax-free status

A key benefit - no income tax, capital gains tax or other direct tax shall be levied by the Island or any political subdivision thereof upon the profits or gains or earnings of a licensee in respect of its banking business, dividends or earnings attributable to the shares, debt or securities of a licensee that are beneficially owned by another licensee or by a person who is not a resident.

The exemption from taxes and duties is evidenced by a certificate issued by the Authority on behalf of the Island confirming that the licensee shall be exempt from the taxes for a minimum period of ten (10) years from the date a license is first granted

Any island, inheritance, succession or similar tax or impost shall not be levied by the Island or any political subdivision thereof in respect of any shares, securities or assets of a licensee that are beneficially owned by a person who is not a Resident, and the transfer of such shares, securities or assets shall likewise be exempt from such tax if the transferee is a licensee or otherwise not a resident.

Brand Diversity and Global Reach

Moheli gambling license allows to operate under different brand names and to offer different gaming experiences (such as casinos, sports and others) use as many and different websites that allows them to target diverse customer segments and preferences. This approach make strength a position in a market and boosts player engagement. As an offshore jurisdiction and tax-free zone Moheli gambling license enables operators to spread their businesses and activities globally with the exception of the territory of Mwali and some other gaming jurisdictions (to get an exhaustive list don`t hesitate to contact us) giving them the freedom to expand their reach across international markets.

A Flexible and Supportive Regulatory Framework

Mwali offers a regulatory environment that is both adaptable and supportive, providing businesses with the flexibility to operate efficiently while encouraging growth and innovation. The regulatory environment is developed to be helpful to business extension and novelty.

The level of compliance for the requirements of gaming is rather softer compared to the other licensing jurisdictions. Its flexible legal framework encourages the development of new gaming models and technologies using a fair game and industry unity.

Rapid Licensing Process

Fast licensing process enables entry to a market rapidly that significantly minimizes time between application and launch. The application process is quick, so licenses are typically approved within few weeks. A decision to issue or to refuse to issue a license to an applicant may not be more than 3 months of the receipt of the completed application.

In addition, companies can be registered online on the same day or within 24 hours, making the process quick and efficient.

Moheli gaming license cost

The Moheli Gaming License is known for its cost-effective structure that makes it an attractive alternative for gaming operators. The overall Moheli gaming license cost associated with obtaining and maintaining the license include:

  • Initial Licensing Fee: Operators must cover all necessary licensing fees, including application fees, annual dues and any other relevant expenses. They are typically lower compared to other jurisdictions, offering a more affordable entry into the market.
  • Annual Renewal Fees are comparatively not so big for gambling industry.

The license holders are provided with tax exemptions: no income tax, capital gains tax or other direct taxes on profits, dividends, or earnings for licensees.

This cost-effective framework provides operators with the opportunity to increase expenses and focus more resources to business growth and market expansion.

Moheli casino license: process

The registration process for obtaining the Moheli casino license is briefly described below:

Moheli Gaming License Process

Step 1. Preliminary check

  • Initial consultations followed by the formalization of an engagement agreement with Inteliumlaw and the collection of information and documents to start legal assessment.
  • Our experts perform a thorough evaluation of the project, ensuring full compliance with regulatory standards and requirements.

Step 2. Incorporation of the company (if needed)

  • preparation and submission of the necessary documents: assistance in preparing incorporation documents (articles of association, details of shareholders and directors, proof of the company’s registered office etc.) and securing the company name to the Register of legal entities of Mwali (in case local company is used).
  • facilitate company registration in the Company Register to establish the initial authorized capital.
  • providing necessary details like directors and shareholders in compliance with local laws.

Step 3. Application Preparation and Document Submission

  • Implement policies for AML (KYC, transaction monitoring) and Data protection compliance, provide information on the company’s organizational structure, including the roles and responsibilities of key personnel and details about the company’s internal control mechanisms.
  • Submitting required documents such as proof of domain ownership, personal documents for directors and shareholders (passports, bank statements, utility bills), corporate documents of the newly established company, detailed application materials, which include financial forecasts, business strategies.
  • During the application’s submission, an applicant must pay the licensing and application fees, which vary based on the gaming operation's specifics.

Step 4. Compliance and Due Diligence

The regulator will conduct thorough checks on all key personnel to assess their integrity and financial stability, particularly for any suspicious activity.

Step 5. Issuance of the License

After successful completion of checks and fee payment, the gambling license is issued, authorizing the company to operate within the regulatory framework.

Step 6. Ongoing Compliance

Comply with continuous regulatory requirements, AML and CFT, data protection procedures, keep up-to-date records of gaming activities and financial reporting.

Moheli gaming license register

The Mwali International Services Authority website provide the list of licensed entities operating in banking, insurance, gambling, crypto, and other sectors. It provides the following information: name of entity, check out and validity status, license number, date of issue, web site and swift code for each licensed entity.

The Moheli Gaming License Register serves as an official record base of all gaming operators licensed by the Moheli Offshore Finance Authority. You can access this list here to verify the legitimacy of businesses operating under Mwali's jurisdiction and status of online casino license Moheli.

For your convenience and adaptation the Moheli Gaming License Register implemented key features:

  • Transparency: The Mwali register provides transparency by listing all licensed operators, ensuring players and businesses to verify the legitimacy of a gaming sector.
  • Public Access: Due on local regulations the Moheli (Mwali) register is available to the public easy in access to information about licensed operators.
  • Compliance check: providing track compliance and monitoring licensed entities to ensure an adherence to the legal and regulatory framework of Moheli.

This register is important for maintaining the credibility and oversight of the Moheli`s gaming sector.

Moheli online gambling license: requirements

The Moheli online gambling license promotes a fair and secure online gaming environment, so to aim this operators must comply to a strict regulatory framework. Bellow listed some key requirements must fulfill:

  1. Applicants must have a company to apply for the Moheli online casino license, for local company a registered office in Mwali is needed.
  2. Submit necessary documentation as financial forecasts, business strategies, and the personal details of company owners and main executives.
  3. A rigorous background check in compliance with AML/CFT standards on all principals and officers.
  4. Applicants must pay all necessary licensing fees, including application fees, annual dues, and any other relevant expenses.
  5. Each operator`s website should clearly display the name of the holder of the license and indicate certain purposes for the licensed activities.

Moheli igaming license regulation

The Moheli iGaming License is regulated by the Mwali International Services Authority. It oversees licensing for online gambling operators, ensuring compliance with international standards.

The regulation covers various aspects such as the legal framework for operating online casinos, sports betting and other gaming activities. Licensed entities must adhere to strict guidelines on responsible gaming, AML/CFT standards and data protection.

The remote gaming license Moheli operates under the regulatory framework of the Mwali International Services Authority (MISA). The laws governing the license includes:

  1. Constitution of Comoros Union and new Constitution of the Autonomous Island of Mwali (Mohéli)

    Constitution of Comoros Union stipulates that each island has total freedom and autonomy, including having its own Constitution, President or Governor, and Parliament. The Constitution also gives «each island shall administer and manage its affairs freely». Due this Moheli has its own financial sector, which is not regulated by the Central Bank of Comoros and its own internal legislation.

    The Constitution of Mwali and the Constitution of Comoros Union further supports the independent Companies Registry, Banking, Trading, and Gaming, stating that the organization of administrative, commercial, or industrial entities and units and fairs and markets shall fall within the jurisdiction of each autonomous island (art. 102). The articles 36-38 of the Constitution of Mwali provide more details on the island’s public and private patrimony, including the M.I.S.A. and the capacities of promotion and regulation of private investment. The transitory provision in Article 63 of the Constitution confirms continued authority of Mwali International Services Authority, the only Authority for the autonomous territory of Moheli (Mwali) responsible for financial services and licensing.
  1. Mwali Services Law, 1998 is a pioneering legislation for the incorporation of companies, including regulated financial entities and gaming casinos. This law was later amended in 2001.

  2. Banking act, 2013 – the government made amendments to the licensing law for banking and other activities. In 2019 were implemented new regulations for virtual currencies, due this in Moheli was registered over 25000 companies with various licensed activities. Notably, the Mwali register is the largest international companies register in Africa.

    The banking act of Mwali enables to incorporate companies online on the same day or within 24 hours, making the process quick and efficient.
  1. Anti-Terrorism Act, 2007

    This act was introduced against terrorism, focusing on identifying and preventing terrorism financing and protecting national security. It provides legal frameworks for background check of key personnel, monitoring, prosecuting and punishing individuals or organizations involved in suspicious terrorist activities.
  1. AML Law, 2014

    The Anti-Money Laundering (AML) Law sets strict and clear requirements for financial institutions and businesses to prevent money laundering activities which mandates know-your-customer (KYC), due diligence procedures, reporting of suspicious activities and regular audits to ensure compliance.
  1. IBC Regulations, 2014

    The International Business Companies (IBC) Regulations govern incorporation and management of offshore companies, provides the legal structure for tax-efficient operations, ensuring compliance with international standards on corporate governance, transparency, and anti-corruption measures.

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FAQ

What is a Moheli Gaming License and why is it necessary?

The Moheli Gaming License is a permit issued by Mwali authorities allowing operators to ensure legally online gaming and gambling services.

How long does it typically take to acquire a gaming license?

The time to acquire a Moheli gaming license typically takes from one to three weeks from the application’s submission to approval.

What documents are required for the application process?

Each applicant should submit to the regulator following documents:

  1. corporate documents for the registered company;
  2. a certified copy personal documents of the shareholders/beneficiaries and directors (passports, bank statements, utility bills) 
  3. CV for the shareholder/director.
  4. details of the content, including copies of agreements and/or third-party RNG and RTP testing certificates (if applicable).
  5. documentary proof of domain ownership.
  6. copies of the Terms and conditions, Gaming Policy, player KYC policy, etc.

What are the associated costs and fees for obtaining a Moheli Gaming License?

Operators must cover all necessary licensing fees, including application fees, annual dues and any other relevant expenses related to compliance and legal advisory services.

What types of gaming activities are permitted under the license?

The license provides vast of gaming activities, including online casinos, sports betting, lotteries and other virtual gaming experiences.

How much does a Moheli Gambing License cost?

The Moheli Gambling License is very accessible and offers rather lower price than some alternative offshore license options. Don't hesitate to contact us to get a consultation and special offer regarding your case.

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The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.

By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.