The choosing of a licencing jurisdiction is one of the first difficulties that new online gaming operators encounter.

The world ranking of the nations that grant licences to online gambling enterprises is being shared by licencing aid professionals to point them in the proper route.

For new operators or established brands entering new areas, a gaming licence is a need. However, selecting a regulator to obtain a licence from is not a simple undertaking. Every jurisdiction in the world that grants licences has advantages and disadvantages in relation to things like costs, taxes, and reputation.

Let's quickly review the top 5.

Curaçao
Due to its relatively simple and inexpensive licencing process, Curaçao is one of the industry's most well-liked licencing jurisdictions. There are now four Master Licence holders who have the authority to grant and manage sublicenses, but in 2023, new independent regulators, including the Curacao Gaming Authority and independent B2C and B2B licences, are anticipated. The revised laws are eagerly awaited because Curaçao continues to be the top choice for many online gaming businesses.

Malta
By enacting the Remote Gaming Regulations in 2004, Malta became the first EU member state to fully recognise the potential of internet gambling. Operators value the licence from the Malta Gaming Authority (MGA) highly, and game developers and payment service providers from all over the world are familiar with it. With a stringent application process, the MGA upholds its reputation as a guarantee of legality and quality.

Both B2B and B2C operations are covered by the MGA licences. Each of the four types of B2C licences for iGaming permits the licensee to run a certain kind of activity.

Island of Man
To establish the ideal climate for the growth of the iGaming business, the Isle of Man's government collaborates closely with the private sector. The licence is extremely well-liked, despite the fact that licencing costs might be considerable, thanks to business-friendly legislation and a competitive tax policy.

Depending on the company's experience and business model, the Gambling Supervision Commission gives three distinct types of B2C licences: a full licence, a sublicense, and a network services licence. It also grants B2B software supplier licences.

Gibraltar
Players and software developers have come to trust the Gibraltar licence. The island's government's gambling division only takes into account applications from businesses that have previous expertise in the gambling sector, other licences awarded by reputable authorities, sound financial standing, and a genuine business plan. While the licencing charge for remote gaming and betting licences is a hefty £100 000, there are specific tax benefits and no VAT.

Kahnawake

The Kahnawake Gaming Commission's licenses are among the most sought-after by operators because of the regulator's openness and the lack of taxes. The Kahnawake Gaming Commission has made a name for itself as an organization that promotes honest and ethical gaming. The tax burden is zero, there is no additional gambling tax, the license fee is reasonable, and the application process is simple.

Regarding LicensingAid
Companies looking to enter the world of legal gambling can use LicensingAid as their one-stop shop. The company offers financial and business advisory services in addition to assisting with the preparation of documentation and the acquisition of licenses. Opening merchant accounts, adhering to AML regulations, acquiring iGaming licenses, and trademark consulting are just a few of the services offered by LicensingAid.

Related Posts

• Entertainment
• 27 Feb, 2024

Online sports betting is becoming more and more popular.

In recent years, online sports betting has grown in popularity throughout Europe, with more and more..

• Useful
• 8 Jul, 2024

How crypto is helping to shape online casino’s future

Cryptocurrency has been a game-changer in the world of online casinos, and it is helping to shape th..

• Entertainment
• 1 Aug, 2024

Best Payout games

One of the most well-liked forms of entertainment is gambling. This is understandable given that the..

• How To
• 21 Aug, 2024

Step by step - how to play online casino baccarat

Online casino baccarat is a popular card game that is played between a player and a banker. The goal..