Obtain Malta Gambling Licenses.
How to Obtain Malta Gambling Licenses?
Obtain Malta Gambling Licenses? – Ever since Malta became an integral part of the European Union, it acquired an utmost level of fame amongst on-line gamblers and gambling companies. That is because an on-line gambling (gaming) company can register in Malta without paying a big fee. In fact, you can amuse over free entry into several European jurisdictions.
Thought some monopolies of free trade are being restricted, Malta stands fore front in promising an equal and free market for all operators who toil from the European continent. This is a major reason behind the fame of the Malta Gambling License.
On-line Gaming in Malta!
When compared against many other on-line gambling jurisdictions, the industry in Malta is reformed and carefully framed. After all, Malta was the first country in the world to draft laws for on-line gaming. The Malta Remote Gaming Council is responsible for these standards and regulations. Ever since its inception, the council has being predominantly active in voicing out implementations, requests and reasons!
Unfortunately, it is quite difficult to receive the Malta Gambling license. This can be attributed to its strict regulations and laws. However, if you are able to receive the Malta Gambling license, you will be respected everywhere else in the continent. This makes you a regulated operator, who is admired by players too.
Three Stages of the Licensing Process
The licensing process in Malta is broken into three stages. Firstly, you should complete the diligence process on all directors and promoters diabetes medicine. Secondly, the on-line gaming proposal would be evaluated. Finally, software and optional hardware verification would be done. The first two stages should be supported with apt documentations. This includes details about the beneficial owners, the business model, the business plan and draft agreements with service providers.
Once the foremost steps are completed successfully, you will receive a letter of intent from the Malta Gaming Authority. This is when on-line gaming operations can be carried out. Generally, Step three would commence only after the letter of intent is issued.
Paying Taxes!
Moving on, Malta’s income tax rules and regulations are extremely friendly on on-line gaming operators. Figuratively, 35% of the income is taxed. However, shareholders from foreign destinations can claim 30% of this amount. This brings down the effective tax rate to 5%. Also, gaming taxes are broken into several categories. This includes a separate tax column for remote gaming, betting exchange, abet remote gaming and the remote gaming operators.
