Obtaining a Gambling License in Malta
Malta is not only a small island in the Mediterranean Sea but also one of the gigantic jurisdictions for gambling. In this country, gambling is fully permitted, and it is possible to obtain an official license. The Maltese regulator is considered one of the most authoritative in the world, and a myriad of the leading global companies are licensed in this country. Lawtter Solutions offers its clients the service of obtaining a license in Malta. We ensure the fastest possible licensing procedure.
Services
Advantages
What Are the Advantages of Malta Gambling Licenses?
A virtual casino license in Malta allows you to get numerous essential advantages. They are as follows:
Thus, Malta is an attractive jurisdiction for obtaining a gambling license and developing business, both directly on the island and far beyond its borders.
Economic and political stability
Malta is one of the most stable countries. There are rarely any shocks in political or economic terms.Significant growth of gambling in the country
The gambling industry is the third-largest private sector in Malta's economy, so the country promotes its development in every possible way.There is no tax on gambling
Thanks to this, it is even more profitable to conduct activities. In addition, it is an opportunity to avoid double taxation if the company has any other license.The regulator is on the safe list
The Malta Gambling Commission (MGA) is white-listed in the UK and the European Union. Moreover, Malta ratified the Remote Gaming Regulations. Therefore, casinos operate with a Maltese license and are legal in the EU.Highly qualified staff
In Malta, more than 4.5% of the population is employed in the gambling industry. Therefore, finding employees for a land-based or virtual casino in this country will not be difficult.Regulation
Regulation of Gambling Activities in Malta
The Malta Gambling Authority (MGA) is responsible for issuing gambling licenses in Malta. This body is the only one with the right to issue and revoke authorization and set requirements for gambling companies. There are a total of 4 types of licenses in the country:
Nevertheless, companies do not need to obtain separate licenses for each type of gambling in Malta. It is enough to add one or another gambling activity to the existing license. The term of validity of the license in the jurisdiction is 10 years. Then, it must be renewed.
Requirements
What Are the Requirements to Obtain a License in Malta?
Initially, it is necessary to register a company in the jurisdiction to obtain a gambling license in Malta. Only legal entities registered in Malta can obtain a license for the relevant activity. You must also open an account in a local bank and make a share capital. The amount of share capital depends on the license type the organization wants to obtain. The options are as follows:
- For licenses of type 1-2 – 100,000 EUR.
- For licenses of type 3-4 – 4,000 EUR.
Companies that operate in Malta are liable to pay taxes. Income tax rates depend on whether the company plans to provide gambling services on the island. For resident companies, the corporate tax rate is 35%. However, if the company is a non-resident, the tax rate is reduced to 5%.
Documents
What Documents Are Required to Obtain a Casino License in Malta?
Applicants should submit certain documents to obtain a gambling license in Malta. It includes the following papers:
- Registration documents of the legal entity.
- Data on the structure of the company.
- Data on ultimate beneficiaries, directors of the company.
- Bank account details.
- Certificates for software and games with a detailed description.
- Financial plan of the company.
- A set of operating policies.
Malta’s gambling regulator may also require additional documents.
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