Moheli Gaming License

Gambling is the one of the most efficient source for business owners to generate hefty profits, as people love to bet on their fate to make money. But, some countries prohibit gambling in their region, and some charge heavy taxes, so it becomes difficult for business owners to choose the right place to operate gambling. Gibraltar gambling license gives an opportunity to such business owner to perform their business effectively. Well, there are multiple causes that make this region an ideal choice for the gambling business, such as well-developed business infrastructure, flexible framework, competitive tax rate, smooth Gibraltar gaming licence process, and many more. These factors attract a lot of gambling companies to establish their businesses in this region. Benefits Of Choosing Gibraltar For Your Gaming Business In general, investors invest their money in the companies after analyzing their growth; likewise, companies choose the region based on the country’s economy for their establishment or expansion. Gibraltar is a home for offshore companies because of its healthy business environment, flexible gambling framework, and low taxation compared to other countries. Even some of the prominent offshore gambling companies have chosen Gibraltar for licensing jurisdiction. So, it clearly reflects that Gibraltar is a paradise for the gambling business, and if you also want to set a foundation stone for your gaming firm in this region, then you must be aware of the benefits that you will get from this region. Gibraltar is a well-developed country that offers world-class business facilities and flexible gaming regulations. In addition, the tax levied by the government of this region is lower than that of other countries. For instance, gambling companies that fall under jurisdiction of some European countries have to pay 20% of their net gambling receipt, whereas in Gibraltar, the gambling tax rate is only 0.15%. Moreover, the companies associated with gambling are exempted from the VAT, and thus, they can make more profits. The Gibraltar Gambling Commission is the apex body that regulates gambling activities and focuses on high-quality standards to create a competitive gaming market hub. In addition, the GGC looks into the matter of the companies that are seeking Gibraltar gaming licenses and also provides ample services to gaming companies so that they can operate the business smoothly. Advantages Of Obtaining A Gibraltar Gambling License To run a business successfully, a company needs a market, flexible regulations, a low tax rate, and support from the respective authority. Gibraltar fulfills all of these, and that’s why gambling companies opt for this region. In addition, there are several advantages to obtaining a Gibraltar Gambling licence, which is provided below. Low Tax Rate Gambling is a sector where money flows like water, and the concerned companies make a huge profit. Considering the gambling market, the governments of various countries levy heavy taxes against gambling to generate revenue. However, the case in Gibraltar is different, as the government focuses more on providing ample services to companies so that they can flourish. The growth of such companies will attract a lot of investors to this region and boost the economy. The tax rate of gambling in Gibraltar is very low compared to other countries, and only 0.15% is charged against revenue receipts. However, companies have to pay general corporate tax as well as annual license fees, depending on the type of gambling they do. For instance, if you want to set up a gambling company whose nature is to assist the existing gambling companies, i.e., B2B, then you will have to pay £ 85,000 annually as a license fee. But if you are directly dealing with customers, i.e., B2C, then such a fee will be £ 100,000 yearly. Prestigious Jurisdiction Every business owner wants the growth of their companies, and for that, the market is very important. Some create demand, whereas others utilize the created market to enhance their business. Gibraltar is a hub of gambling companies, which shows the potential of a market. So, doing business in this jurisdiction is a matter of prestige as you gain the loyalty of the customers after getting the Gibraltar gambling license. The people of this region believe in GGC, and the apex regulatory body keeps an eye on fair and responsible gambling. So, getting a license from this body means you have won a half battle towards the successful journey of your business. Types Of Gibraltar Gambling License Available Getting a gambling license from the government means you are authorized to do business in this region. But you know that gambling is a matter of money, so the GGC ensures that the firm is capable of handling the gambling business and has a proven track record in this field. In addition, GGC also checks whether a firm is involved in a legal dispute or not; if yes, then it would be a big hurdle for them in getting a Gibraltar gambling license. Now, moving back to the topic, the types of Gibraltar gambling license depend on the nature of gambling, i.e., B2B and B2C. If you are planning to get a Gibraltar gambling license for B2B, then you will be authorized to offer gambling services to respective companies, whereas if you apply for a B2C gambling license, then you can execute gambling activities for people. So, overall, there are six types of gambling licenses available in Gibraltar, and they are provided below. Remote Gaming B2C Operator (applicable for online casinos) Remote Betting B2C Operator (suitable for online bookmakers and organizations) Other Remote B2C Gambling Product Provider Non-remote B2C Gaming Operator (applicable for brick-and-mortar casinos) Non-remote B2C Betting Operator (applicable for physical casinos bookmakers, and lotteries) Gambling B2B Support Service Provider (applicable for gaming software and developers) Overview Of Gambling Regulations In Gibraltar Gambling regulations are the prime instrument that helps to regulate gambling activities in Gibraltar. Knowing these regulations will help you run your business smoothly in this region, and for that reason, the detailed regulations are listed below. Gibraltar Gambling Act 2005 Gibraltar Gambling Act describes betting, gaming

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

Benefits of a Malta gambling license A Maltese gaming license offers several benefits for businesses in the gaming industry. Here are some key advantages: Reputation Malta is one of the first jurisdictions to offer legal frameworks for online gaming. A Malta casino license is highly respected and recognized globally, enhancing the credibility of a gaming business. Regulatory Framework Malta has a well-established regulatory framework, providing clear guidelines and regulations for online gaming operators and providers. This ensures a fair and transparent gaming environment, which is beneficial for both operators and players. Tax Benefits and onshore status Malta offers attractive tax incentives for the businesses. The corporate tax rate is competitive, and there are various tax relief options available, making it a financially advantageous location for online gaming businesses. Since joining the European Union in 2004, Malta-based companies are fully compliant with EU regulations, making them ideal for conducting international business. This EU membership assures businesses of operating within a highly regulated and stable framework, offering a secure environment for commercial activities contrary to the offshore options. For more information about taxation in Malta please our article about Malta company formation here. EU Membership Since Malta is a member of the European Union, obtaining a gaming license in Malta allows operators to access the European market, subject to compliance with local regulations in other EU countries. Technical Infrastructure Malta has a robust IT infrastructure, which is crucial for the online gaming industry. This includes high-quality telecommunications facilities and data centers, ensuring reliable and efficient operations. Skilled Workforce Malta has a pool of skilled professionals in the IT, legal, and financial sectors, providing a strong support system for gaming companies. Player Trust A Malta casino license is often seen as a mark of trust and reliability by players, which can help in attracting and retaining a customer base. Networking Opportunities Malta’s growing gaming industry provides numerous networking opportunities with other gaming companies, suppliers, and service providers (such as EMI, banking providers etc). Robust Economic Environment A thriving business ecosystem necessitates a robust and reliable economic environment. Malta has demonstrated a consistent commitment to growth by increasing its Gross Domestic Product (GDP), lowering unemployment rates, and effectively managing inflation. These factors underscore Malta’s dedication to sustained and stable economic development. Advanced Responsible Gaming Measures and AML rules The Malta Gaming Authority (or MGA) prioritizes promoting responsible gaming and protecting player rights. The goal is to create a gaming environment that is safe, secure, and sustainable, minimizing the potential for gambling-related issues or harm. This objective is a collective responsibility of the player, the gaming operator, and the MGA. In addition, the MGA diligently ensures that gaming licenses are granted or renewed only to applicants who demonstrate robust policies and systems to mitigate Money Laundering/Financing of Terrorism (ML/FT) risks. The applicants and their involved personnel must also meet stringent criteria for integrity and suitability. Why Choose Malta for Gaming Licensing? Malta stands out as a prime choice for online gaming licensing due to its pioneering role in establishing legal frameworks for the industry. This reputation is underpinned by the Malta Gaming Authority’s rigorous standards, which ensure fair and transparent gaming operations. The country’s strong regulatory environment not only boosts the confidence of businesses and players but also emphasizes Malta’s global recognition in the gaming sector. The country’s economic advantages are equally compelling. Malta offers a stable economy with competitive corporate tax rates, making it financially attractive for gaming companies. Moreover, being a member of the European Union allows access to a broader market, presenting significant expansion opportunities for gaming businesses. Additionally, Malta’s robust technological infrastructure and skilled workforce are critical assets. The presence of advanced telecommunications and data centers ensures efficient and reliable gaming operations. The availability of professionals in IT, legal, and financial sectors provides essential support, further enhancing Malta’s attractiveness as a hub for online gaming companies. Disadvantages of Malta Gambling License Although Malta is a brilliant choice for the license obtaining in the field of iGaming, there are several disadvantages of a Malta iGaming license: Complex Application Process Obtaining the license involves a detailed and lengthy application process. High License Fees And Associated Costs The fees for an Malta Gaming Authority license are generally higher compared to other jurisdictions. In addition, fees for the maintenance of the licensed company can cost very much. Option for mature gambling businesses Obtaining a Malta casino license is particularly challenging for newcomers in the industry, as the process typically requires substantial prior experience in gaming operations. The Malta Gaming Authority’s stringent requirements and thorough vetting process favor applicants with a proven track record in managing gaming activities and complying with regulatory standards. This can make it difficult for entrepreneurs new to the gaming sector to successfully acquire a license. Types of Malta Gaming License Malta offers a comprehensive and structured approach to online gaming licenses through the Malta Gaming Authority. These licenses are categorized to cover various aspects of the online gaming industry, ensuring that companies can select a license type that best suits their specific business model and services. Malta offers two main types of gaming licenses. The Gaming Service License (B2C) The Gaming Service License is for business-to-consumer operations, covering various types of games including casino games, lotteries, and sports betting. At that, this type of license include several subcategories: Type 1: This includes games of chance where outcomes are generated by random number generators, like casino-type games (roulette, blackjack, etc.), lotteries, and virtual sports. Type 2: These are games where outcomes, not randomly generated, depend on external events or competitions, with the operator managing risk through odds liked fixed-odds sportbetting. Type 3: Involves games where the operator earns through commissions or charges on player vs. player games like peer-to-peer poker, bingo, and betting exchanges. Type 4: Covers controlled skill games as defined by specific regulations, with fantasy sports as an example. The Critical Gaming Supply License (B2B) The Critical Gaming Supply License is for business-to-business services, focusing on the supply and