Malta Gaming license

Gaming license Malta: Peculiarities of licensing

Malta is a state with one of the most well-regulated systems of gambling activities. This is largely due to the government's loyalty to the gambling business and the presence of a gambling organization — the MGA. This official government agency not only regulates gambling activities but also directly licenses gambling entities.

The license is issued by the MGA to the applicant for five years. After this period, the businessman will be able to extend its validity and continue to conduct gambling activities.

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Steps

Company registration in Malta

It is necessary to register a local company, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.

Account opening

The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.

Contribution of authorized capital

The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.

Hiring required employees

The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.

Office rent

Office rent is not mandatory, but having one will significantly increase your chances of obtaining a license. We will select a budget option that meets the requirements.

Preparation of documents for applying for a license

It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.

Filing an application

It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.

Obtaining a license

The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.

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Malta Gaming license

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Frequently Asked Questions:

In order to open an online casino in Malta, you need to prepare a business plan, register a company, obtain a license, set up a technical base and open a bank account. You should carefully prepare all the documentation and correctly apply for a license for the online casino creation. These processes should be entrusted to professionals.

The company registration and the gambling license obtaining in Malta takes about 6 months.

In order to obtain a gambling license in Malta, you must submit: - copies of passports and confirmation of the address of directors and shareholders of the company; - documents confirming the experience and well-being of the company's participants; - statutory documents of the company; - technical documentation; - company policies.

Various factors (the list of services offered, the number of domains, etc.) affect the final cost of obtaining a license for a gambling business in Malta. You can find out the exact cost of obtaining a license for a gambling business in Malta by contacting our specialists.