i-Gaming in Malta

Why should you choose Malta to set up your iGaming Business?

 

Malta has Mastered the iGaming industry and currently has leading iGaming firms based in Malta. This has led to Maltese people to gain an Expertise in this area and this is why we have named Malta, Europe’s Silicon Valley in the iGaming industry.

 

What are the benefits;

 

  1. Here in Malta we have a worldwide recognized legal frameworks

  2. Malta offers modern telecommunications infrastructure

  3. In Malta we have a well-structured and cost-effective licensing process

  4. Malta has a high level of expertise in the financial sector

  5. We have one of the most attractive EU-wide recognized tax refund system

  6. Malta has a Stable Economy

 

Online gambling types listed below must be licensed by the Malta Gaming Authority (MGA). The Malta Gaming Authority is the only independent controlling body for all gambling activities in Malta, both online and international. Malta Gaming Authority currently has 4 classes of iGaming Licenses

 

  1. Class 1 - Casino: Organizers offer "repetitive games" at their own risk (casino games, online lotteries, other gambling games with a chance to win)

 

  1. Class 2 - Sports Betting: Organizers offer sports betting (eg fixed odds and spread betting)

 

  1. Class 3 - Poker: Providers take a commission for the brokering of gambling. Included are poker networks, betting exchanges, gambling portals and other pool or player to player (P2P) games

 

  1. Class 4 - Software Platforms: B2B providers whose services are limited to the management and hosting of other B2C gaming websites on their platform

 

  

How do you apply to acquire an iGaming Licences?

The application is basically a one-step process; the MGA allows the applicant to submit all necessary documents in an approach.

 

  1. Reliability and professional suitability: Is the applicant reliable and technically capable of conducting a gambling business?
     

  2. Business Plan: Does the applicant have a reasonable business strategy.
     

  3. Operational and legal requirements: If the applicant complies with the operational and legal requirements and official requirements. These include, among other things, a fully paid-in minimum capital amounting to: € 100,000 for class 1 and 2 & € 40,000 for call 3 and 4.
     

  4. System test: Before commissioning, the applicant must undergo a technical test of the requested system in a test run.
     

  5. Throughout the submission of the application, the soon go be licensed gaming provider must undergo a series of compliance audits conducted by independent gaming professionals mandated by MGA.

 

 

If all of the above are fulfilled and successful, the MGA will grant a license for 5 years.

 

Further requirement for the iGaming Licence:

 

  1. Key Official: It is necessary to designate a so-called "Key Official" as liaison between the MGA and the Gambling Provider, who must be a Director of the Company and resident in Malta. We take care of our clients by providing a key official with many years of experience and practice in cooperation with the MGA at all levels.
     

  2. MLRO: It is necessary to appoint a Money Laundering Reporting Officer (MLRO) and comply with all anti money laundering regulations.
     

  3. Fraud Prevention Management Regulations.
     

  4. Rules for the payment procedure.
     

  5. KYC: Know Your Client, so know your customer requirements.

 

iGaming fees for online gaming and betting companies.
 

The tax on online gaming is extremely moderate.

 

  1. Class 1 have a minimum fee of € 15,000 and is capped at € 375,000 and the percentages range from 0.4% to 1.25%.

  2. Class 2 have a minimum fee of € 25,000 and is capped at € 600,000 and the percentages range from 0.4% to 4%.

  3. Class 3 have a minimum fee of € 25,000 and is capped at € 500,000 and the percentages range from 0.4% to 4%.

  4. Class 4 have an annual fee that ranged from € 25,000 to € 35,000

 

iGaming Related Industries:

 

Online Affiliate marketing companies, which support online gambling, have freedom of trade and do not need any MGA licenses.

At NCMB Consulting we ensure that the offer does not extend into the regulated sector as defined by the Remote Gaming Regulations.

 

At NCMB Consulting we will be of assistance from Setting up of the Maltese Limited company that will apply for the MGA licence all the way until the company is fully operational.

Contact Us

Address: 30, Kenilworth, Flat 3/4, Sir Augustus Bartolo Street,

Ta' Xbiex XBX 1093, Malta (Europe)

Skype : NCMB Consulting

Tel. +356 7930 3862

      +356 7991 1410

      +356 2133 0721 

      

Tel. +356 2133 8519 

      

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