Kahnawake Casino License: a Profitable Business With Minimal Tax Levies
Kahnawake is one of the most popular offshore zones for the development of the casino business. The jurisdiction controls about 250 online platforms from 50 foreign operators and offers free management of any project in this field without extortionate taxes.
Specialists of Smart Money can provide you with more detailed information on the benefits of working in the offshore zone and offer a ready-made casino licensed in Kahnawake. We will take care of all the organizational issues, allowing you to have a successful project launch and its high payback speed.
This offshore zone is located in Quebec, Canada, in the Mohawk Indian Reservation. The total number of locals is slightly over 9,000 people.
Despite its small area (48 square kilometres) and a small population, this jurisdiction attracts investors from the four corners of the earth.
The first legal standards for the regulation of the industry were adopted in 1996. At the same time, a local controlling authority was created — the Kahnawake Gambling Commission. Within 25 years of its history, the regulator has issued licenses to more than 5 thousand entrepreneurs.
To purchase this service, operators need to pay the following fees:
15,000 dollars — mandatory audit of the system;
1,900 dollars — opening of a local banking account;
1,500 dollars — opening of a specialized trading account;
5,000 dollars — a fee for the consideration of an application;
10,000 dollars — renewal of the license validity period.
The certificate for the Kahnawake casino costs 25,000 dollars. Legalization of a poker room or a sportsbook platform will cost the same amount, and the Key Person License costs 5,000 dollars.
Kahnawake is included in the list of offshore zones that practice cost recovery. If operators do not receive a permit, he will get back all his expenses for the application processing (except for the opening of banking accounts).
The list of indisputable advantages of offshore certification:
Good reputation. The license is considered one of the most reliable ones. This permit allows operators to conclude agreements with major suppliers, banks, and private developers.
Stable legal framework. The legislation is not going to be changed in the next decade. The offshore zone is perfect for long-term investment.
Speed of request processing. You can get the certificate in 6 weeks and immediately start offering your services.
Business scaling. With the Kahnawake casino license, you can interact with gamblers from the four corners of the globe.
Technological support. Mohawk Internet Technology is one of the largest data centres. It has dozens of powerful server devices that actually support the work of practically all operators in North America.
Absence of taxes. The jurisdiction has no income tax, fees for the withdrawal of dividends or real estate tax.
We would definitely recommend a casino licensed in Kahnawake as a tool for a quick entrance to the international market.
This jurisdiction has been legalizing gambling projects for almost 25 years. More than 50 operators are registered on the offshore territory. Kahnawake has issued about 250 licenses for online casinos.
The absence of taxes is one of the main advantages of owning such a casino because you do not pay income tax, corporate fees, commissions for the withdrawal of funds, and real estate taxes.
The Kahnawake casino is a good choice for long-term investment. The jurisdiction is famous for its stable political situation and is not going to change the legal system in the next 10 years.
Any type of gambling business can be licensed in this offshore zone. Applicants can get certificates for online casinos, betting shops, and poker rooms.
If you want to consult an expert or order the project administration, please contact Smart Money. Our company is ready to resolve any organizational issues and help you to collect all the necessary documents, sign contracts with suppliers, and open local representative offices in foreign jurisdictions.
From us, you can buy a wide range of products for virtual and land-based startups at a reasonable price. We offer our regular customers pleasant discounts.