If you decide to start an online gambling business, then you will need a special permit. Without it, it is difficult to obtain the right to attract players from large jurisdictions, such as the United States, Great Britain, and the EU. Today, we will learn about the most popular jurisdictions that offer gambling licenses.
Where is it prohibited to gamble online?
From the player’s point of view, the whole world is a playground. The exception is only 8 countries in which online gambling is prohibited: Brunei, Cambodia, Cyprus, United Arab Emirates, Poland, North Korea, and Singapore. Users may pay fines for playing online. In some cases, they will be rather big. Therefore, if you want to become a casino player, make sure that your gambling institution has at least the Curacao gaming license. If we talk about online games, then except for the above-mentioned countries, players have no restrictions on the game.
If you are going to start your own virtual casino, there are several reasons for obtaining a license. But in general, it is necessary in order to work in the legal field, and not to break the laws:
- Without a permit, you will not be able to open a bank and a merchant account;
- Electronic payment systems will refuse to work;
- Without a license, you will not be able to obtain game content for your portal from licensed providers;
- The document allows advertising, and users also trust the company more;
- It is needed for the reputation of the establishment in general.
Where to get a gambling license: the most popular jurisdictions
If we look at the market from the entrepreneur’s point of view, then we understand why it is necessary not only to create a company but also to obtain a license to perform gambling functions. In addition, a gambling permit often comes with various bonuses, such as tax breaks. Or vice versa, it requires special reporting depending on the jurisdiction.
Among the most popular places for obtaining a license are considered such jurisdictions as:
- Alderney;
- Great Britain;
- Belgium;
- Gibraltar;
- Denmark;
- Kahnawake (Canada);
- Costa Rica;
- Curacao;
- Malta;
- The Isle of Man.
Of course, you can get a permit in other countries, but these jurisdictions are a clear example of the best reputation and convenience.
How to get a gambling license?
The general instruction looks like this:
- Study the existing jurisdictions and permits, decide which ones are OK for you;
- Make sure that your casino software itself complies with the requirements of the jurisdiction;
- Be prepared to locate a company at the place of obtaining a license: sometimes this rule is bypassed, but more often you will have to place a company just where you plan to obtain a permit;
- Prepare documents in advance to save yourself time and nerves in the future, including both personal and company documents and papers for your software;
- Check your site to make sure it meets the requirements of the selected jurisdiction.
It is possible to apply for one or another license today via the Internet on the authority’s website. The fee depends on the type of permit and other charges applied by the responsible authority.
Read more: https://online-casinos-australia.com/10-minimum-deposit-casinos/
