Online casinos licensed to Malta (MGA)

Most recently, the leadership of the Republic of Malta has created a consolidated organization to control the gaming business - the Malta Gaming Authority. This organization is the unified licensing authority and issues licenses under regulated rules within 4-6 months from the date of application to the company.

Benefits of obtaining a Malta online casino license:

1. Stable financial and political status of the state as a member of the EU;
2. Good reputation and high level of trust on the part of online casino users;
3. Providing additional guarantees and protection measures in the field of gambling business;
4. The prestige and full legality of such a license (Malta is not is an offshore zone in the classical sense);
5. Possibility of obtaining a residence permit in Malta;
6. Attractive tax rates;
7. Low cost of license fees.

Forms of incorporation of a company:

In order to obtain a license in Malta, it is a mandatory requirement to open a Maltese legal entity. The most popular organizational and legal form for registering a company in Malta is a private or public limited liability company (LLC), as this form provides for the establishment of a liability limit for its founders.

Interest rates: taxes and license fees

Since Malta's accession to the European Union, this country has not been able to boast of low tax rates, but there are some tax loopholes and advantages for foreign investors in the gambling business. Most of the rules and restrictions of this jurisdiction are aimed at protecting the rights of players, which forms the prestige and reputation of this jurisdiction.

Corporate law provides for the placement of the authorized capital of an online gaming company exclusively in Maltese banks on accounts specially created for this. || | 327

Корпоративный налог

Corporate tax in Malta is paid in a fairly large amount - 35% of the company's income. This is the maximum value in comparison with other states that provide similar licenses. up to a tax reduction of up to 5%).

Вместе с тем, режим налогообложения не является жестким и иностранные учредители, строго соблюдающие все требования ведения бизнеса онлайн казино, могут рассчитывать на значительные скидки и привилегии (вплоть до уменьшения налога до 5 %).

In addition to corporate tax, the legislation of the country also provides for the payment of income tax in the amount of 0.5% of the proceeds from players' bets. An online gaming business license is issued for a fairly long period of 5 years, which is great for long-term investments.

Additional interest rate: This is an annual fee that is charged for the right to host an online gaming business. The amount of the fee depends on the class of the company's license.

Today, the legislation of Malta distinguishes 4 classes of licenses:

• 1st class - license for online casinos, lotteries, slot machines). Tax: 4660 euros per month in the first six months, then - 7000 euros per month;
• 2nd class - license for bets (bookmakers, sweepstakes, etc.). Tax: 0.5% of the amount of bets;
• 3rd class - a license for companies that take a percentage for organizing games of participants against each other (bingo, poker rooms, etc.). Tax: 5% of profits;
• Grade 4 - license for hosting and software development for gambling. Tax: the first six months the fee is not charged, the next 6 months - 2330 euros per month, starting from the second year - 4660 euros each month.

Minimum share capital

For the 1st and For the 2nd class of licenses, the minimum size of the authorized capital of the company is 100,000 euros.

For the 3rd and 4th class, the lower limit of capital formation is 40,000 euros.

A feature of Maltese legislation is the following requirement: the authorized capital of a legal entity must be fully formed before applying for a license in the field of online gaming business.

Prices for a license:

• The cost of an application for a license is 2330 euro (non-refundable in case of cancellation);
• Annual license fee - 8500 euro per year;
• License renewal fee - 1500 euro (one-time).

Other requirements for obtaining a license:

• Mandatory leaving a detailed business plan, marketing plan, etc.;
• Annual ay dit of the company's activities;
• Submission of personal data to all founders of a legal entity;
• Obligatory provision of all technical documentation (software licenses, data protection systems, etc.) for audit;
• Mandatory certification according to local norms when using RNG (random number generator).

Authorized body (MGA) contacts:

• Responsible department: Marketing research and PR.
• Address: SCM building 02-03, floor 4, Smart City Malta, Ricasoli SCM1001, Republic of Malta.
• Contact number: +356 25469000.
• Reception days: Monday-Friday from 9:00 am to 5:00 pm
• Official website: www.mga.org.mt.

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