E-Gambling Montenegro How to get a license
E-GAMBLING MONTENEGRO two words when fused together brings up visions of James Bond, fast cars, beautiful women, and amazing gadgets. In 2016, with the help of Empire Legal [ http://www.empire.legal ] - obtaining an online gaming license in Montenegro has made that Bond-esque vision not too far off from reality. The rapidly growing Balkan nation of Montenegro has carved a niche for itself as one of the most stable economies in the region which has made it a preferred investment destination for investors from across the globe. A central European Nation on the shores of the Adriatic Sea, Montenegro is a must visit destination for anyone looking for a slice of medieval charm and history. Few authors have called it a slice of Adriatic heaven and as I look through the new skyline of Podgorica, I see the desire of a country to create a balance between modern infrastructure and preserving its rich heritage. Precisely, keeping this target in mind, this delightful country has looked for ways to modernize their economy and Montenegro has encouraged reforms at a rate much faster than the other Balkan countries. From a low income tax rate of 9% to accepting the Euro as the currency, the country has tried to make it as smooth as possible for businesses to flourish in the country. No surprises then that Montenegro also saw an opportunity in developing it as an Online gaming hub. It brought about the Decree on Promulgation of the Law on Games of Chance, 2007, one of the first legislations recognizing online gaming in the world. The industry in Montenegro, on the other hand, is regulated by the Games of Chance Administration (Gambling Authority). The Montenegrin License is highly prized as it allows conducting multiple games on a single license providing flexibility and value to its holder. In 2011, online gambling was given full licencing power in order to operate, meaning financial hosting and services are all independently run by the companies running online casinos in Montenegro; ushering in one of the most progressive mindsets towards online gambling. Registration is a usually a fast process, with licences given out under 2-3 weeks time, at most. Moreover, taxes are low in order to drive revenue. In 2015, Bitcasino.io, the became the world's first legally licensed and regulated online Bitcoin-only casino gaming and sportsbook operator, and integrated the first-ever video themed slot designed for Bitcoin players and expanded its portfolio with the addition of a further 20 games for mobile and desktop. With the help of Empire.Legal, several other Bitcasino projects are in the works, utilizing Montenegro as a primary place to launch. Steps before applying for a Montenegro Gaming License A Montenegro Gaming License is issued by Games of Chance Administration and is called an Igaming License. The actual application has to be preceded by a few steps. As an overview the main steps before applying for a license are: Forming a Company in Montenegro Registering with the Tax Authorities Preparing books of accounts and opening bank accounts. Designing a website and arrangement for payment processing. Details about the license procedures are available at http://empire.legal/montenegro-license/ How do I get a Montenegro Gaming License At first glance, most of the steps for application look intimidating. But fear not! Empire Legal has started a special medium called the “The Integrated Package” which is now the preferred option for almost all license seekers as it makes the entire process hassle free and simple by completing all necessary formalities from forming a company to payment processing. It also enables you to start your business within 4 months under most situations. Keeping in mind the needs of the applicants, the integrated package starts with registering a company and tax registration. This is followed by introduction with a bookkeeping firm in Montenegro which will assist you with your yearly account preparation. The package also takes care of banking and payment processing needs which are also essential to start with your business.
104 views • 7 slides
