In order to legally provide online gambling services related to sports, lotto, poker and bingo bets, an online casino must be licensed. Its absence calls into question the successful operation of the online platform, since the operator will not be able to open a bank account and even place video slots and board games at home, because for this you need to conclude an agreement with the manufacturer of the gaming software, but you cannot nxcasino do this without a license. In addition, a gambling license is often accompanied by a facilitated tax regime and other benefits.
The advantages of this small island in the Caribbean are zero interest in casino profits, quick clearance (usually about 1.5-2 months) and low running costs. The owner of an online casino is obliged to place computing power (server) in the territory of Curacao. The industry of online gambling forms the lion’s share of the budget of Curacao, therefore an attractive taxation system has been created for the casino.
Canada is known for its legislative tolerance for gambling. In 1996, the Kahnawake Gaming Commission was established, which, among other things, deals with licensing online casinos. The first annual license fee is $ 40,000, technical inspection of the software costs $ 15,000, and the annual license renewal fee will cost $ 10,000.
The Malta Gaming แจกเครดิตฟรี 500 ไม่ต้องฝาก2019 Authority issues 2 types of licenses (B2B and B2C) for a five-year term. Operators that have received a prestigious license in Malta are on the “white list” of the UK gambling regulator, which allows online casinos to offer services to British players. Casino operators are required to adhere to a number of requirements, for example, to provide financial statements, to protect the personal data of players and to develop a Responsible Gaming Policy.
The licensing procedure takes place in several stages: the Commission considers the application for 3-4 weeks, after which the online casino receives a temporary license for a period of six months. Then, after a thorough analysis, a gambling license is issued for 5 years. According to the new tax rules, which entered into force on January 1, 2018, online casinos licensed with “B2C – Type 1 Gaming Services” (slots, table games, games with a live dealer) pay an annual tax at a rate of 1.25% (if casino income does not exceed € 3.000.000), 1% (up to € 4.500.000), 0.85% (up to € 5.000.000), 0.70% (up to € 7.500.000) and 0.55% (up to € 10.000.000 )