Malta Gaming License

Benefits of Anjouan Gaming License The Anjouan gaming licence, issued by the Autonomous Island of Anjouan, part of the Union of Comoros, offers several benefits for online gaming businesses. Here are some key advantages: Low Cost The cost of obtaining and maintaining an Anjouan gaming license is generally lower compared to many other jurisdictions. This makes it an attractive option for startups and smaller enterprises. Tax Benefits Anjouan offers favorable tax conditions for licensed gaming companies. The zero tax rates can significantly reduce the operational costs for these businesses. Simplified Legal Requirements The process of obtaining a gaming license in Anjouan is relatively straightforward and less cumbersome. The regulatory requirements are simpler, making it easier for businesses to comply. Privacy Protection Anjouan has strong privacy laws, which can be beneficial for businesses and their clients, offering a degree of confidentiality that might not be available in other jurisdictions. Global Operation A license from Anjouan allows companies to operate globally, with some exceptions. This international scope can be a significant advantage for businesses looking to reach a wide audience. No Gaming Tax Unlike some jurisdictions, Anjouan does not impose a gaming tax on its licensees, which can lead to substantial savings. Supportive Regulatory Environment The Anjouan government is known to be supportive of the online gaming industry, providing a stable and supportive environment for businesses. Universal license An Anjouan gaming licence provides comprehensive coverage for various online gambling activities. This includes the operation of online casinos, sports betting platforms, lottery games, and popular table games such as poker, blackjack, and baccarat. The license broadly covers most games of chance with few exceptions. Additionally, this license caters to both business-to-consumer (B2C) and business-to-business (B2B) models. It’s versatile enough for operators running online casinos directly for players, as well as those looking to license a casino platform for other businesses. It’s important to note that while there are benefits, companies should also be aware of the legal and regulatory implications of operating under an Anjouan gaming licence, especially considering the varied and sometimes strict gaming regulations in different countries. Compliance with international gaming laws and maintaining a good reputation should be a priority for any gaming business. Comparison of the Anjouana Gambling License with other jurisdictions Comparing the gambling license in Anjouan with those from other jurisdictions like Curacao and Malta can provide a clearer understanding of their differences, particularly in terms of reputation, cost, and regulatory requirements: 1. Reputation and Credibility: Anjouan: Generally considered less prestigious than Malta, Anjouan’s gaming license is still establishing its reputation in the global market. Curacao: Holds a moderate reputation; known for being a popular and accessible licensing jurisdiction for many online gaming businesses. Malta: Highly reputable and one of the most recognized and respected licensing jurisdictions in the world, particularly within the European Union. 2. Cost and Taxation: Anjouan: Offers low-cost licensing and maintenance fees, making it attractive for startups and smaller operations. Tax rates are also favorable. Cheaper than Curacao. Curacao: Known for its affordable licensing fees and low taxation, appealing to many online gaming startups. Malta: Typically involves higher costs for licensing and operation. However, its strong reputation can justify these expenses for larger or more established companies. 3. Regulatory Requirements and Compliance: Anjouan: Has simpler, less stringent regulatory requirements, making it easier for businesses to obtain and maintain their licenses. Curacao: Offers a relatively straightforward licensing process with low-to-moderate regulatory demands. Malta: Known for its rigorous regulatory framework, demanding high standards of compliance, transparency, and player protection. This can mean more complex and costly compliance procedures. 4. Scope of Activities and Global Reach: Anjouan: Allows for a wide range of online gaming activities under one license, with global operation potential. Curacao: Also permits a broad spectrum of gaming activities and has a good global reach. Malta: Provides a highly respected license that is recognized worldwide, particularly advantageous for companies targeting European markets. A license for each type of activity is needed. 5. Target Markets: Anjouan: Suitable for businesses targeting international markets, especially where cost-effectiveness is key. Curacao: Often chosen by startups and companies targeting diverse international markets. Malta: Ideal for businesses targeting European customers and those seeking a prestigious licensing jurisdiction. InteliumLaw Services for Anjouan Gaming License 1. Initial Preliminary Advice: Via this advice, we will help you understand whether gambling license in Anjouan will suit your business needs 2. Turnkey License Obtaining: We provide guidance through the entire process of applying for the Anjouan gaming license, including incorporation of a company, and preparation and submission of necessary documents. 3. Regulatory Compliance Advice: We can provide expert advice on meeting the regulatory requirements of the Anjouan gaming authority, ensuring the business remains compliant with local laws and international standards. 4. Corporate Structuring and Incorporation: We provide assistance with setting up the appropriate corporate structure covering Anjouan licensed company and other companies if needed. 5. Banking and Payment Solutions: We are able to advise you on banking and payment processing options in Anjouan, including setting up merchant accounts and ensuring compliance with financial regulations. 6. Ongoing Legal Support: InteliumLaw can provide ongoing legal support to address any issues related to the gaming license, including renewals, compliance updates, and changes in legislation. 7. Tax Planning and Advice: Our services include guidance on tax planning strategies to optimize the financial benefits of operating under an Anjouan gaming license. Requirements for the Anjouan Gaming License Before being granted an Anjouan gaming licence, authorities require detailed personal and financial information. This includes your identity, business intentions, residence, financial status, and more. A comprehensive background check is also necessary to verify your good moral standing. Among other, the following documents are required (the list below covers shareholders, directors and the new company itself): Notarized copy of the photo and signature pages from a valid passport. Recent utility bill for address verification. CV. An original bank reference letter, demonstrating a banking relationship of at least 2 years. A bank statement is also acceptable. Original letter of recommendation (reference letter)

For an extended period, Bulgaria has maintained a cautious stance towards cryptocurrencies, lacking specific regulations or extensive discussions about their status. The Bulgarian National Bank (“BNB”) and the Bulgarian Financial Supervision Commission (“FSC””) have yet to classify cryptocurrencies as financial instruments or electronic money, allowing them to remain unregulated and not deemed illegal. The lack of a defined regulatory framework has led to no special licensing regime for establishing a crypto asset entity in Bulgaria. Thus, the widely used term “crypto license in Bulgaria” refers to an additional registration requirement with the National Revenue Agency (“NRA”) in Bulgaria, rather than a distinct licensing process. This registration enables entities to engage in various crypto-related activities, including cryptocurrency exchange, custody services, wallet provision, crypto payment services, and crypto advisory services given a way for a “Bulgarian crypto license” in the industry. Bulgaria’s regulatory approach to cryptocurrencies has largely followed the guidance of the European Central Bank. The BNB expressed concerns about the inherent risks of buying virtual currencies in 2018, highlighting their extreme price volatility and potential pricing bubbles. The FSC echoed these sentiments in 2022, issuing warnings about the volatility and unregulated nature of crypto investment funds. Despite the absence of specific regulations, cryptocurrencies in Bulgaria are indirectly regulated by measures aimed at preventing money laundering. In 2019-2020 the Measures Against Money Laundering Act in Bulgaria (or well-known “MAMLA”, in Bulgarian “Закон за мерките срещу изпирането на пари”) introduced the first legal definition of cryptocurrencies in Bulgarian legislation. It defines “virtual currencies” as digital representations of value accepted by individuals or entities as a medium of exchange, without being issued or guaranteed by a central bank or public body. Based on the 5th Money Laundering Directive (Directive (EU) 2015/849) MAMLA also implemented the definition of “wallet provider, offering custodial services” is defined as “a natural or legal person, or other legal entity, providing services for the protection of private cryptographic keys on behalf of its clients for owning, storing and transferring virtual currencies” Further referring to these concepts the Additional Provisions of Ordinance No. Н-9 of 7 August 2020 in Bulgaria, established requirements to crypto-asset exchanges and custodial wallet providers to register in a public register maintained by the NRA in Bulgaria. This created a so-called “cryptocurrency license in Bulgaria”. Upon registration, companies receive a crypto-certificate or crypto-license, the only state-issued document allowing them to provide crypto-related services. In summary, Bulgaria’s regulatory landscape for cryptocurrencies remains open, recently a registration process replaces a formal licensing regime. The position on unregulated status of cryptocurrency activity is confirmed in court practice and opinions of BNB and FSC in Bulgaria. There are no specific crypto-currency or fintech law that regulated this shpere. The country’s approach aligns with preventing money laundering, ensuring transparency, and promoting responsible crypto-related activities. It is expected that in its further movements towards “crypto license in Bulgaria” regulation the country will mainly follow European Union approach. Advantages of Bulgaria Crypto License Bulgaria crypto license has several advantages, few of which are listed below. EU Location: Bulgaria’s strategic location within the European Union provides businesses with access to the EU market, fostering international credibility. Ease of Setup and Obtaining License: The process of a crypto company formation in Bulgaria is quick and easy, as well as obtaining a crypto license in Bulgaria is relatively straightforward compared to some other jurisdictions, promoting a hassle-free experience for businesses. Flexible Regulatory Environment: Bulgaria’s crypto regulatory environment is less stringent compared to some EU counterparts, offering businesses flexibility in their operations as holders of so-called “Cryptocurrency license” in Bulgaria. Competitive Tax Rates: Bulgaria maintains a relatively low tax rate, enhancing the financial attractiveness of operating a crypto business in the country. Favorable Business Environment: The country’s overall business environment is conducive to growth, with supportive policies and a commitment to fostering economic development. Currency Stability: Bulgaria’s adherence to the currency board arrangement and its use of the Bulgarian lev (BGN) contribute to a stable economic environment for crypto businesses. Cost-Effective Operations: Operating costs in Bulgaria, including a crypto company setup in Bulgaria, as well as a crypto license Bulgaria obtaining, labor and infrastructure, can be more cost-effective compared to some other EU countries. Skilled Workforce: Bulgaria boasts a skilled workforce, offering expertise in various fields, including technology and finance, to support crypto-related ventures. Innovative Ecosystem: The country is fostering an environment that encourages innovation, with a growing ecosystem of tech startups and businesses. These advantages collectively position Bulgaria as an appealing destination for obtaining a Bulgarian crypto license, attracting businesses seeking a conducive and cost-effective environment for their crypto-related operations. Types of Cryptocurrency Licenses in Bulgaria Despite the fact that crypto activity is not specifically regulated in Bulgaria, there might be situations when certain part of crypto activity falls under the existing licensing rules. Therefore, we could conditionally divide the following types of cryptocurrency licenses in Bulgaria: I. Registration with National Revenue Agency (NRA): Authorized Activities: A registration with the National Revenue Agency in Bulgaria grants entities the authority to engage in various crypto-related activities. These activities include cryptocurrency exchange, custody services, wallet provision, crypto payment services, and crypto advisory services. Applicability: This option is suitable for businesses primarily involved in cryptocurrency activities that do not fall under the categorization of financial services or financial instruments. II. Financial Services Commission (FSC) License: Scope of Financial Services: If the crypto-related activities potentially qualify as financial services or be categorized as related to financial instruments, a license from the Financial Services Commission (FSC) might be required. Investment Firm License: Services related to crypto-assets, particularly those that can be considered financial instruments, may necessitate obtaining an investment firm license under the Markets in Financial Instruments Directive II (MiFID II), transposed in Bulgaria as the Markets in Financial Instruments Act. Application of EU Financial Rules: According to the European Securities and Markets Authority (ESMA), when crypto assets qualify as financial instruments, various EU financial rules, including the Prospectus Directive, the Transparency Directive, the Market Abuse Directive, the Short Selling

Advantages of a Kahnawake Gaming License The Kahnawake Gaming License, issued by the Kahnawake Gaming Commission in the Mohawk Territory of Kahnawake in Canada, offers several advantages for online gaming operators. Some of the key benefits include: 1. Reputation and Trust The Kahnawake Gaming Commission is one of the oldest and most respected international online gaming regulators (together with Malta and Curacao). Holding a license from this commission can add credibility and trustworthiness to an online gambling site. 2. Reasonable Licensing Fees Compared to some other jurisdictions, Kahnawake’s licensing fees are relatively affordable, making it an attractive option for startups and smaller operators. 3. Global Business Opportunities A Kahnawake Gaming License allows operators to offer their services to a global market, although they must also comply with the laws and regulations of the jurisdictions in which their players are located. 4. Quick and Simple Application Process The process of obtaining a this license is straightforward and less bureaucratic compared to some other jurisdictions. 5. Support for Various Types of Gaming The license covers various forms of online gambling, including casinos, sports betting, and poker, providing flexibility for operators. Types of Kahnawake Gaming Licenses Currently, the Kahnawake Gaming Commission grants several distinct types of licenses under its Regulations for Interactive Gaming, however the most relevant for gambling operations are the following gambling licenses in Kahnawake: 1. Client Provider Authorization (CPA) Entities seeking to offer interactive gambling services from the Kahnawake shall obtain this license. Holders are authorized to offer various types of interactive gaming, such as casino games, poker, and sports betting. It is a standard B2C license. 2. Casino Software Provider Authorization (CSPA) Entities with a valid CSPA are permitted to set up and manage interactive gaming equipment at the co-location facility owned and operated by the IGL holder. They can also license casino software to third-party online gambling operators for use on their websites 3. Key Person Licence (KPL) This license is mandatory for at least one individual in charge of management or operational tasks for an entity that holds either a CPA or a CSPA. The Commission treats the information within KPLs as confidential. InteliumLaw’s Kahnawake Gaming License Services We offer a range of legal and licensing services tailored to the online gambling industry. Our expertise includes guiding clients through the Kahnawake Commission licensing application process, advising on regulatory compliance, and assisting with corporate structuring specific to this jurisdiction. We also provide legal support in drafting essential documents, ensuring adherence to anti-money laundering regulations and responsible gaming practices. Furthermore, we offer ongoing legal assistance, aid in license renewals and amendments, and can assist in interactions with the Commission. Gambling License in Kahnawake Requirements Obtaining a Kahnawake betting license involves meeting various requirements set by the Gaming Commission. The key requirements include: 1. Business Registration The applicant must be a registered company (either in Canada or abroad) 2. Fit and Proper Persons Test The owners, directors, and key personnel of the applicant company must pass a “fit and proper person” test. This involves background checks to ensure they have integrity and a clean criminal record. 3. Business Plan, Financial Standing and Financial Projections Applicants must submit a detailed business plan, including financial projections, operational structure, and marketing strategies. Applicants must demonstrate financial stability and provide financial statements or projections. 4. Gaming Software Requirements The gaming software must meet certain standards and pass fairness and randomness testing. A comprehensive software compliance audit must be conducted to ensure the gambling system is compliant with the Commission’s regulations 5. Anti-Money Laundering (AML) Policies Operators must demonstrate robust AML policies and procedures to prevent money laundering and terrorist financing. 6. Payment of Fees Payment of the required licensing fees must be made. These fees vary depending on the type of license and the services offered. Kahnawake Gaming License Application Process The application process for a Kahnawake online gambling license (CPA) involves several steps. 1. Company incorporation It is necessary to decide in which jurisdiction you will incorporate your company for Kahnawake license. The company can be established not in Canada, but law of the country of establishment shall be taken into consideration. 2. Preparation of necessary documentation A comprehensive set of documents, including certified scans of founders’ passports, criminal record certificates, financial statements, game descriptions, software development documents, RNG certificates and application itself shall be prepared. 3. Submission of the application and payment of fees The application is submitted along with a registration fee, and the Kahnawake Gaming Commission reviews the application 4. Check and due diligence by the Kahnawake Gaming Commission On this stage, the assigned Compliance Officer will ensure all applicable forms and schedules are properly filled out and signed, and all supporting documentation has been submitted. Further, due diligence investigation starts. 5. Issuance of a preliminary 6-months permit If a CPA is granted, a preliminary 6-month permit is issued. During the first 6 months, the permit holder undergoes an audit of its Control System Submission (the latter is the special document submitted earlier which contains material aspects of the online gambling system). 6. Issuance of the full license Following successful audit of the system, the Kahnawake Gaming Commission does a final review of permit holder’s file and decision is made to issue full CPA. Kahnawake Gaming Commission The Kahnawake Gaming Commission is a regulatory body that licenses and regulates online gaming activities from the Mohawk Territory of Kahnawake in Canada. Established in 1996, it has become one of the leading gambling regulators, known for its strict standards in ensuring fair and responsible gaming practices. The commission offers various types of licenses for online gaming operations, including online casinos, poker rooms, and sportsbooks, and is recognized globally for its commitment to the integrity and transparency of gaming operations under its jurisdiction. Kahnawake gaming license taxes There are not gambling-related taxes that are collected due to the operating with the Kahnawake online gaming license. However, you will need to consider taxes in the jurisdiction where you have a company holding this