
Cyprus
Cyprus online Betting Licence (Class B), regulated entity National Betting Authority (NBA)
Whether you are a startup in the iGaming industry or an iGaming Giant our iGaming hosting solutions ensure your services are safe, secure, and Compliant. We have partnered up with the industry’s advanced specialists which will help you navigate through location-specific compliance guidelines, regulatory concerns, and security threats.
With expertise in Cyprus, Malta, Curacao, and LatAM, we expedite license approvals. Our iGaming consultants assist in Company incorporation, Bank Account opening, Application Submission, Audit, Policy Guidelines, and Advanced Tax Consulting.
We expertise in Cyprus, Malta, Curacao, and LatAM, speeding up license approvals. Our iGaming experts Company incorporation, Bank Account opening, Application Submission, Audit, Policy Guidelines, and Advanced Tax Consulting.
With Datacenters in key locations, our iGaming Hosting Server solutions guarantee your gaming business is approved and in compliance with the highest standards. Our company can offer any complexity hosting infrastructure and support.
Global selection of partners to allow you integrate as Whitelabel or turnkey solution with any provider of your choice and have a single point of contact for a smoother integration and troubleshooting assistance you may require.
The first Member State of the European Union to regulate online gaming was Malta. Undisputed the largest online gaming jurisdiction and the most popular location for operators that seek to license for their online gaming business.
The New Malta Gaming licensing framework is provided in two main types of licenses in Malta. A simplified licensing process aims to encourage further growth to the sector.
The B2C & B2B license is categorized in accordance with the game type or vertical.
Gaming Service License Types
Type 1 –(casino games, lotteries with a guaranteed prize).
Type 2 –(sportsbooks, e-sports).
Type 3 –(poker, pool betting, lotteries, bingo, lotto, peer
to peer games).
Type 4 – (Skills Games)
Types 1, 2, and 3 – Gaming Supply Licence (Intended for platform providers).
Type 4 – Gaming Supply Licence (Intended for Skill Games, Fantasy sports Platform Providers).
For the Licence Application Form, a Personal Declaration Form must be completed and signed by the UBOs and directors. The Entity Declaration Application Form, the Gaming and Control Systems Information Form, and System Documentation Checklist are other forms that need to be compiled and submitted as part of the application process.
The system, Network, and Application architecture showing all hardware and virtual machines in operation, including all the geographic locations and addresses of premises where the technical infrastructure hosting is located.
The architecture must be located in Malta, and/or any EEA member state for the hosting of critical components.
The MGA seeks that the datacenter hosting is ISO/IEC 27001:2013 and CSPs (Cloud Service Provider) are to be guided by ISO/IEC 27002:2013 apart from that PCI DSS Level 1 is required for Payment processors for data security.
Critical Components are considered Random Number Generators (RNGs), Jackpot servers, Player database servers, Financial database servers, Gaming database servers and any other component deemed by the MGA to be critical within the system organization of the operator.
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If todays iGaming world most operators diversify into various types of gaming verticals. One license covering all types of iGaming services makes Curaçao an attractive Jurisdiction for betting/Gaming companies.
Alongside with its favorable taxation companies operating on the Internet and registered in the e-zone, no taxes are applied, except for the tax on the net profit of 2%.
Offering eGaming Licencing, Curaçao is one of the most stable iGaming Jurisdiction since1996, Through a single license, you can have all forms of gaming offerings such as Casinos, Sports Betting, Exchanges, Lottery, Games of Skill and Chance.
A fairly simple application process (2-4 Weeks) regarding operating compliance requirements for Curaçao eGaming License.
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The Cyprus “The Betting Law 2012 – Law 106(I)/2012.” introduced a partial legislative framework for legislating betting activities, introducing new rules and updating some others. Introducing the “National Betting Authority (NBA)” which is the supervising authority over all betting activities in Cyprus from Land based bookmakers to online gaming operators.
Class A – Regulates land based sports betting – bookmaker shops with physical Premises excluding Class B Services and horse racing.
Class B – Regulates Online based activities excluding slot machines, online casinos lotteries.
Gaming Tax
A combined rate of 13% which consists of 10% of net revenue and 3% contribution to the Authority which 2% is allocated to the Cyprus sports Federations and 1% to gambling addiction programs as stated to the (Article 71, Betting Law 2012).
What are their application requirements for obtaining Class A or B Licence
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