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Online Gambling in Malta
A presentation brought to you by CompanyIncorporationMalta.com
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Gaming Industry in Malta
Malta is well-known for its gaming industry due to the low taxes and fees and the pro-business environment.
One of the most thriving sectors in the Maltese gaming industry is remote gaming.
The Remote Gaming Regulations (L.N. 176/04) made Malta the first country in the EU to have a remote gambling legislation.
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Requirements to Open a Casino in Malta
In order to open an online casino in Malta, one must apply for a special license which is issued only to companies registered in this country.
Certain conditions have to be met before asking for a license for eBetting.
The majority shareholders and the director of the company must be persons of integrity, while the representative must have the expertise to operate a casino.
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Capital Requirements for Casinos in Malta
Companies applying for a remote gaming license are now subject to minimum share capital requirements, depending on the type of license applied for.
The amounts to be deposited are: 100,000 euros for class 1 and 2 licenses;
40,000 euros for class 3 and 4 licenses;
240,000 euros for companies applying for multiple licenses.
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Casino Licenses in Malta
The Lotteries and Gaming Authority is the main entity issuing licenses for opening online casinos.
All types of licenses have five years validity and they can be renewed for the same amount of time.
For obtaining such a license, the gaming facility must have a physical location in Malta.
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Types of Casino Licenses in Malta
There are four classes of licenses that can be issued by the LGA:
class 1 is for casino and skill games, but also for online lotteries;
class 2 is for fixed odds, pool and spread betting;
class 3 is for P2P, poker, betting exchange games and for game portals;
class 4 is for retailers that sell software for operators that host and manage remote games.
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Documents for Casino Licensing in Malta
Those applying for a license to open an online casino in Malta must submit the following documents:
registration certificate of the company;
last year’s audited financial records (if applicable);
copies of trademark registration, if available;
a three-year business plan;
the power of attorney of the representative, if one was appointed;
declaration and standard application forms.
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Taxation of Digital Games in Malta
The taxes applied to Maltese companies in the online gaming industry are strictly related to the license class and type of games the company provides.
The maximum gaming tax a Maltese company must pay on an annual basis is 466,000 euros, no matter the license class.
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Assistance in Opening a Casino in Malta
If you want to set up a business in the gaming sector, you can rely our company formation agents in Malta.
You can also contact our Maltese company incorporation consultants for information about the taxation system and incentives for gambling operators.
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Thank you for your attention!
For more information, please contact us at:(+44) 203-287 0408 (for international clients)
www.companyincorporationmalta.com
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