If you want to become a legal gambling market participant, it will be very important for you to obtain a special permit, develop a good reputation, and gain the confidence of customers. Malta is considered to be one of the most respected and popular jurisdictions that legalises the casino business.
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Malta is a country that is situated on the island in the Mediterranean Sea. Previously, it was one of the Crown colonies and the first EU member to adopt legal regulations in the gambling field.
Malta casino permits were first issued back in 2000 by the Lotteries and Gaming Authority. A year later, the controlling body was restructured and named Malta Gaming Authority. The organisation exists to this very day.
Lotteries were the first official gambling activity in this offshore zone, which was legalised almost 3 centuries ago.
The casino industry in this country had several development stages:
The authorised body issues 2 main types of licences:
For foreign investors who are planning to work remotely, there are special formats of a licence.
Malta licensed online casino: types of permits for the remote business
Class I permit
It is issued to the owners of gaming sites with video emulators and the game content that is based on the RNG
Class II permit
Holders of this licence are the owners of bookmaker’s offices (the betting business)
Class III permit
With this permit, applicants are getting the right to launch poker rooms and organise lottery draws and other types of games for money, which are based on the relationship between users
Class IV permit
It regulates the work with the B2B audience (it includes the sale of software and hardware equipment, provision of server and hosting services, etc.)
For the competent authority to process an application, entrepreneurs must perform the following actions:
The local regulator provides comprehensive support to future casino owners. Applicants must complete a procedure of a preliminary examination of the licence application in order to identify any inconsistencies. After the package of documents is checked, the Commission analyses the business plan and other information related to the financial and management departments.
After a successful passage of the verification procedure, an applicant who wants to own a Malta online casino can test his platform in a so-called natural technical environment (during the period of 60 days).
Licences of all classes are valid for 5 years.
Additional compliance tests are performed in the 1st and 3d year of operation.
It is important for all entrepreneurs to decide on a budget.
Approximate price in euros
Application for the purchase of a certificate (regardless of the class of the document)
Filing of an application for the renewal of a licence (any category of the certificate)
External audit of a gaming site
Monitoring of compliance with workloads and legal regulations
25,000 — maintenance of certificates of I, II, and III categories
10,000 — the maintenance fee for a licence of class IV
The tax rate for casinos with the Malta gambling permit:
The jurisdiction is famous for its loyal legislation and stable economic situation.
The decision to launch the gambling platform here is beneficial for several reasons:
Besides, investors are also provided with legal support in the creation of affiliate networks, international trusts, and holdings.
Another feature is that foreign investors are allowed to open local land-based casinos.
To own a casino with this permit is an excellent way to become the gambling market participant and develop an unblemished reputation for your project.
Our catalogue contains ready-made casino slots and exclusive games, the best financial services, and turnkey projects. From us, you can also purchase furniture, equipment, and programs for setting up the land-based establishment.
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