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What Licenses are Required for Starting an Online Gambling Website?

If you are new to the online casino business, you may be on the lookout for effective strategies on how to start an online casino business and run it legally. For starters, it is illegal to start and operate an online gambling website that is not licensed. Have a look at our PDF for more details!

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What Licenses are Required for Starting an Online Gambling Website?

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  1. What Licenses are Required for Starting an Online Gambling Website?

  2. If you are new to the online casino business, you may be on the lookout for effective strategies on how to start an online casino business and run it legally. For starters, it is illegal to start and operate an online gambling website that is not licensed. However, those companies which operate illegally, earn huge amounts of money legalizing sketchy gamblers. While this saves them large expenses and time, there are plenty of risks involved. Here are some of the licenses that are essential if you are looking to start an online casino business:

  3. Curacao Gaming license This is one of the most efficient, quickest and cheapest gaming licenses for starting an online gambling business. In just a 6-week period, you can have your online gaming license ready and can start planning your gambling activities. People looking for a master exemption inclusive of types of games, product and software operators can benefit greatly from this gaming license.

  4. Malta Gaming Authority This is a reputable and large gambling jurisdiction which is often considered to be the gold standard of iGaming. The Malta Gaming Authority has various benefits such as affordable licensing rates, favorable tax benefits, operating in an EU jurisdiction and also easy business process with payment providers and banks.

  5. Panama With the Panama gambling license, the cost of an online gambling license is $20,000 and it lasts for 7 years. If you are starting an online casino business, you will get plenty of benefits as operating online gambling activities exempt from taxes. As such, if the income source is not within Panama, you will not be subjected to any taxes, including VAT, income tax or sales tax.

  6. Montenegro Montenegro offers gambling license specifically for sports betting, online casinos and poker games. It provides an easy and fast application process, with operators getting the operating online gaming license in just two days. The gambling package fee is €25.000 for the initial year and €15.000 for each successive year. Also, it does not have minimum capital requirements and offers a low tax rate of 9% corporate and personal tax rate.

  7. Visit Us Now EMAIL ADDRESS info@moagaming.com WEBSITE https://www.moagaming.com

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