An iGaming company requires a gambling license to work legally and successfully. We provide expert assistance at each step of your business activity preparation and further license maintenance services.
Reasons to obtain a gambling license
A legal business performance opens a world of opportunities and allows you to work worldwide. It covers different markets, so you can attract a wide range of customers and enhance the brand recognition globally. It gives you the right of opening a bank account for high-risk businesses, which is the key of providing seamless transactions for the players.
Alongside with the license you obtain the trustworthiness and new partnership options to let your business grow and expand. Top-tier B2B representatives become open to willingly sign contracts with you and supply your company with their products.
Risks you take by operating without a license:
- Fines and other restrictions. Illegal activity results in penalties and other undesirable consequences for violating gambling regulations.
- Doubtful reputation. You need years to build a reputation and one mistake to destroy it. Do not take that risk.
- Limited number of games. Unlicensed activities lead to mistrust and switching to your competitors.
- Problems with transactions. The funds may be frozen, or transactions may be blocked.
Leading online gaming jurisdictions
Whether you are a startup or an experienced company, obtaining a gambling license is a turning point leading to success. It allows you to operate legally in regulated markets, to earn players’ trust and to grow the company. Some options are more suitable for startups, other ones – for existing businesses. The most popular gambling jurisdictions are:
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| Jurisdiction | Short information |
| Malta | B2B and B2C (4 options) gambling licenses. The review takes up to 16 weeks. |
| Curacao | B2B and B2C licenses. The process requires around 2 months. |
| Anjouan | One single license covers all. Suitable for both B2B and B2C. The review period is around 4-6 weeks. |
| Isle of Man | The kinds of the licenses depend on your company type. The procedure takes up to 10-12 weeks |
| Costa Rica | A special “data processing license”. Obtained after 3 months, must be renewed every 3 months. |
| Gibraltar | B2B and B2C licenses. Valid for 5 years. |
| Antigua and Barbuda | The reputation is supported by the UK White List. It is considered to be quite expensive ($125,000). |
Contact LicensingAid for making a right choice of the gambling license jurisdiction. After conducting a thorough study of your company we create tailor-made solutions and assist you in getting and maintaining a gaming license. Our professional will make sure you’ll be operating in compliance with international gambling regulations (including AML and responsible gaming). It is essential to take into consideration that the review process of each jurisdiction is very specific. One mistake in paperwork might be a reason for an instant application rejection. To avoid faults and inaccuracies in your documents, request the consultation of the our team.
Besides, we will help you to start a merchant account, a bank account, and provide you with trademark and design consultancy.Copy textCopy HTMLRejectDone
