Gambling Offshore Licenses that we Recommend
Every license in the gambling industry has its own distinct features. Similar to every other regulated business, gambling licenses are mainly used as a way for authorities to restrict your business and marketing endeavors. However, our company always strives to have an optimistic outlook on the gambling world.Therefore, we will focus on the benefits and opportunities each license can offer to enhance your start-up enterprise.
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Gambling licenses suitable for Startups
Obtaining an offshore license is undoubtedly the easiest way to launch your business in the online gaming industry. The process of obtaining one is relatively quick and easy. Last but not least, you will be subjected to minimal authoritative monitoring and regulation as well as receive access to multiple markets across the globe.
List of Offshore licenses:
- Curacao
- MGA
- Kahnawake
- Isle of Man
- Estonian
- Other: Alderney, Costa Rica, Gibraltar
Curacao, the best license to start your business
Unquestionably, the Curacao license is the one we always recommend for new or even well-established businesses. The application process is quite straightforward, with a rather small investment required. The license itself is easy to maintain and will help you access numerous markets on virtually all continents.
Curacao License Overview:
|
About |
Rate |
Info |
|
Application Process |
5/5 |
Fast, easy and with relatively low cost. |
|
Maintenance & Operation |
5/5 |
It is the license with both the least restrictions and the highest freedom in the industry. |
|
Markets |
5/5 |
t gives you access to the most considerable selection of GEOs on practically all continents. |
|
Payments |
4/5 |
Vast range of PSP’s onboard curacao license. |
|
Reputation |
3/5 |
Quite debatable reputation, however if you manage it the right way you won’t suffer from it. |
|
Taxation |
4/5 |
One of the best fees on the market |
MGA – The Runner Up
Operating in the EU, the Maltese license is no longer a flexible solution. With more and more countries adopting their own regulatory policies, the MGA license was rescinded from many key markets. Furthermore, harsher regulations were implemented by the EU in order to ensure transparent control and sustainability in the online gaming space. Unfortunately, these recent changes in terms were applicable even to markets outside of Europe, making the license quite harsh and strenuous to manage.
MGA License Overview:
|
About |
Rate |
Details |
|
Application Process |
3/5 |
KYB is rather difficult with plenty of back and forward work |
|
Maintenance & Operation |
1/5 |
The most restrictive license in the list, with numerous requirements that affect the day to day business |
|
Markets |
3/5 |
MIssing key European markets as well as some of the hottest asian markets it’s not the most flexible one |
|
Payments |
5/5 |
Best selection of PSP’s with highest possible acceptance rates |
|
Reputation |
5/5 |
Following the EU rules, it’s quite protected and fair license |
|
Taxation |
3/5 |
Fair taxes |
Kahnawake, the potential Dark Horse
As it’s the license we have the least experience with, we don’t have any particular viewpoint for it, but speculations infer that Kahnawake is going to become one of the leading regulators in the near future. It has been loved by some PSPs and affiliates, but really disliked by others. However, as long as the Curacao license is easily attainable, we don’t see the need of obtaining the Kahnawake one unless you operate in Canada.
Kahnawake License Overview:
|
About |
Rate |
Details |
|
Application Process |
4 |
Easy to apply but the process is rather outdated and slow |
|
Maintenance & Operation |
5 |
Easy as they are lacking monitoring and restrictions |
|
Markets |
1 |
Due to lack of PSP’s outside Canada, it’s not the best option |
|
Payments |
2 |
Most of the PSP’s refuse to work with it |
|
Reputation |
2 |
Not the first option for many PSP’s and Affiliates |
|
Taxation |
4 |
One of the best fees on the market |
Isle of Man, niche license for the experienced companies
Easily obtainable, hassle-free maintenance and free of corporate tax are the key features of this license, making it the perfect supplement to your Curacao one. It can be really useful in all accessible markets, lowering the operational expenses of your enterprise significantly in the process. In terms of reach, it can be used anywhere unless specifically stated otherwise by the local authorities. .
Isle of Man License Overview:
|
About |
Rate |
Details |
|
Application Process |
5 |
Easy to apply and obtain the license |
|
Maintenance & Operation |
5 |
Easy as they are lacking monitoring and restrictions |
|
Markets |
3 |
Many Asian markets are available for it |
|
Payments |
3 |
Not the most suitable license outside Asia |
|
Reputation |
2 |
Not the first option for many PSP’s and Affiliates |
|
Taxation |
5 |
No corporate tax apply for it |
Estonian License, the supporting one
Most importantly, this should not be considered as an offshore license! The reason it is being mentioned here is for you to be acquainted with the perks the license holds. As new regulations are approaching VISA & MasterCard, many PSPs are going to cease their collaboration with offshore licenses. This is where the Estonian regulation comes into play. The synergistic relationship between the Estonian license and any of the aforementioned ones are surely going to open doors to practically all PSPs. That’s the most rational step for the well-established online gaming businesses with Europe as their target market.
Other Alternatives – Alderney, Costa Rica & Gibraltar
Here are our honorable mentions! Both the Alderney & Costa Rica licenses are quite new and are yet to be developed. We strongly advise you to keep an eye to both of them as they may become the new trend in the gambling world. On the contrary, Gibraltar is a completely mature license that has recently lost its business appeal. Being one of the most prestigious licenses at the dawn of the online gaming industry, nowadays it is perceived as a bygone and impractical option. However, we believe the current trends may change direction as the deep-rooted traditions in the gambling world, inherent to the Gibraltar license, are still there.
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