Gaming license in Malta

Our project, Fintech Simple, offers specialized legal and corporate services for obtaining a gambling license in Malta. This service includes comprehensive guidance through Malta's regulatory landscape, ensuring clients meet all legal requirements for a successful license acquisition. Our expertise covers application processing, compliance advice, and ongoing support, making the complex process of obtaining a Malta gambling license straightforward and efficient.

ABOUT FINTECH SIMPLE Pioneers in Navigating the World of Fintech and Gambling Licensing

A Legacy of Excellence in Fintech Services

Fintech Simple stands at the forefront of providing tailored legal and corporate services, specializing in the acquisition of gambling licenses, particularly in Malta. Our journey began with a vision to simplify the intricate process of navigating financial technologies and regulatory frameworks, ensuring a seamless experience for our clients.

The Strategic Advantages of Obtaining a Gambling License in Malta

Unlocking the Potential of Your iGaming Business

A Gateway to iGaming Excellence

In the dynamic world of online gambling, Malta stands out as a hub of opportunity and regulatory foresight. Choosing to obtain a gambling license in Malta through Fintech Simple offers not only compliance but a strategic edge in the global iGaming market.

Comprehensive Coverage of Gaming Verticals

Diverse Licensing for All Your Needs

The Malta Gaming Commission provides four distinct license types, covering all areas of the gambling industry. From casino games to peer-to-peer gaming and B2B services, Malta's licensing options cater to the full spectrum of your business needs.

License type 1 allows you to offer casino games, online lotteries and virtual sports betting.
License type 2 allows online casinos, poker rooms and other similar games.
License type 3 is for peer-to-peer games, betting exchanges and poker networks.
License type 4 is the B2B license.

Pioneering iGaming Jurisdiction

A Trailblazer in Online Gambling Regulation

Malta was the first EU state to comprehensively regulate online gambling. This experience has cultivated an environment rich in knowledge and expertise, making Malta a preferred jurisdiction for iGaming businesses seeking a robust and well-established regulatory framework.

Seamless Online Application Process

Efficiency at Your Fingertips

Applying for a gambling license in Malta is made efficient with Fintech Simple's guidance. The entire process can be completed online, ensuring a smooth, hassle-free experience that saves you time and resources.

Access to Global Markets

Your Passport to the European Union and Beyond

The Malta Gambling License is a key to accessing a broad spectrum of markets. It enables operation in regions without local gambling prohibitions and where local licenses are accessible. Being an EU member, Malta offers a significant advantage, opening doors to the vast EU market.

Reputation of Excellence

A Symbol of Trust and Integrity

The Maltese license is globally recognized as a mark of excellence and reliability. The Malta Gaming Authority (MGA) is committed to ensuring fair, secure, and responsible gaming, enhancing player confidence in your platform.

Attractive Tax Benefits

Maximizing Profitability with Smart Taxation

Malta's tax structure is exceptionally favorable for online gambling companies. The effective corporate tax rate can be reduced to as low as 5% through strategic business structuring, offering substantial financial benefits for companies focusing on European markets.

Variety in Gaming and Payments

Endless Possibilities for Your Platform

Obtaining a Maltese license grants access to an extensive range of software and payment system providers, ensuring you can tailor your platform to meet the specific needs of your target markets.

The Strategic Choice for Your iGaming Venture

Empowering Your Business with a Malta Gambling License

Choosing Malta for your gambling license is more than a regulatory decision; it's a strategic business move. With Fintech Simple, embark on a journey that promises regulatory excellence, market access, financial optimization, and a reputation that sets you apart in the global iGaming landscape.

Navigating the Malta Gambling License Process Your Step-by-Step Guide with Fintech Simple

Introduction: A Smooth Path to Licensing

Navigating the complexities of acquiring a gambling license in Malta can be challenging. Fintech Simple offers expert guidance through every step, ensuring a streamlined and successful application process.

Stage 1

The "Fit and Proper" Test

Assessing Suitability for Business Operations

The initial phase involves a rigorous "fit and proper" test conducted by the Malta Gaming Authority (MGA). This process assesses the applicant's suitability to operate a gambling business, including identity verification, source of funds, and a police clearance to exclude individuals with criminal records.

Stage 2

Comprehensive Application Assistance

Simplifying Document Collection

Our team aids in gathering all necessary documents, preparing you for the MGA's suitability test. A well-articulated business plan outlining your vision, target audience, and market positioning is crucial at this stage.

Stage 3

MGA Fit & Proper Test

Ensuring Integrity and Financial Stability

This critical stage involves the MGA evaluating your integrity, financial health, and professional qualifications. Background checks on shareholders, UBOs, and directors are conducted in collaboration with international regulators and law enforcement agencies.

Stage 4

Strategic Business Planning

Developing a Robust Business Model

A comprehensive business plan is essential, covering marketing strategies, human resources, growth targets, and financial forecasts. Our team assists in crafting a plan that meets MGA's rigorous standards and requirements, including type-specific share capital.

Stage 5

Operational and Statutory Compliance

Meeting MGA's Comprehensive Requirements

This step involves a thorough review of foundational documents, operational policies, gaming systems, and technical requirements. Ensuring compliance with minimum capital requirements based on the license type is vital.

Stage 6

Final Systems Review

Preparing for Technical Launch

Before the license grant, a final review of the technical environment is conducted. The MGA evaluates the IT setup against the business plan, with a 60-day window provided for technical transition. Non-compliance or significant changes may require reapplication.

Stage 7

Securing Your Future in iGaming

A Fintech Simple Guarantee

With Fintech Simple, the complex process of obtaining a Malta gambling license becomes manageable and efficient. From initial assessment to final systems review, we guide you through every step, ensuring compliance and success. Our expertise ensures that your journey to obtaining a ten-year license is smooth, paving the way for a thriving future in the iGaming industry.

Service Pricing Tailored Solutions for Your Needs

A Personalized Approach to Service Pricing

At Fintech Simple, we understand that every client has unique needs and requirements. Therefore, we do not have a one-size-fits-all pricing model. Instead, we offer customized pricing based on the specific services you require. We invite you to get in touch with us for a detailed quote tailored to your business plan and objectives.

Our Service Packages

Legal Analysis Package

€3,900

This package includes a comprehensive legal analysis of your business plan, due diligence, guidance towards a correct plan, and assistance in building an appropriate company structure. Ideal for those seeking in-depth legal insight and structural advice.

Basic Package

€74,000

The Basic Package is designed for clients who are fully prepared and need minimal assistance. It includes application submission, support throughout the process, legal evaluation of prepared documents, and payment of the governmental fee.

Premium Package

€89,000

Our most comprehensive offering includes application submission, continuous support throughout the process, assistance with company formation in Kahnawake, Client Provider Authorization Application, Key Person Permit acquisition, detailed instructions for completing applications, applicant information handling, document submission and fee payment, oath or solemn affirmation for application truthfulness, help with opening a bank account, company registration fees, and legal evaluation of prepared documents.

Reach Out for Your Custom Solution

Tailoring Our Expertise to Your Business Goals

Each of our packages is designed to cater to different levels of need and involvement. However, the true value lies in our ability to tailor these services to your specific circumstances. Contact Fintech Simple today to discuss which package best aligns with your vision and how we can customize it to fit your unique path to success in the gambling license journey in Malta.

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Harnessing the Power of Malta's Gaming Licenses Exploring the Range of Services Enabled by Licensing

Introduction: Expanding Your iGaming Horizons

Obtaining a gaming license in Malta opens a world of possibilities for both B2B and B2C operations in the iGaming sector. Fintech Simple guides you through the diverse classifications of Malta's gaming licenses and the services they enable, ensuring you can fully leverage your license.

License Types and Their Scope

Diverse Gaming Categories for Varied Business Models

Malta's gaming licenses are divided into several types:

Type 1: For games of chance against the house, like roulette, blackjack, and virtual sports, using random number generators (RNG).
Type 2: Covers fixed-odds betting, where games of chance are played against the house.
Type 3: Includes commission-based games like poker and bingo, where players compete against each other.
Type 4: For controlled skill games, including fantasy sports betting.

Game Eligibility and Share Capital Requirements

Qualifying Criteria for Licensing

To qualify for a license, games must involve a stake, a predominance of chance, and a monetary or equivalent prize. Share capital requirements vary by license type:

Type 1: Minimum €100,000
Type 2: Minimum €100,000
Type 3: Minimum €40,000
Type 4: Minimum €40,000

For companies with multiple type approvals, these requirements are cumulative, up to €240,000.

Unlocking Your iGaming Potential

Fintech Simple: Your Pathway to iGaming Success

With Malta's diverse gaming licenses, your business can explore a multitude of iGaming avenues. Whether it's direct consumer engagement or providing essential gaming software and systems to other businesses, Fintech Simple is here to help you understand and meet these licensing requirements, unlocking the full potential of your iGaming venture.

Essential Requirements for Acquiring a Gambling License in Malta Your Comprehensive Guide to Licensing Prerequisites

Introduction: A Strategic Overview of Licensing Requirements

Obtaining a gambling license in Malta requires navigating a series of detailed regulatory requirements. Fintech Simple provides an overview of these prerequisites, ensuring your application is well-prepared and compliant.

Taxation Guidelines and Optimization

Understanding Gaming Tax and Corporate Taxation

A 5% gaming tax is applied to revenues from players based in Malta. Taxation criteria hinge on the player's location and residency status. For Malta-based companies, the standard corporate tax rate is 35%, but shareholders can receive refunds on profit distribution, effectively reducing the rate to 5%. Establishing substance is key to optimal tax planning.

Key Personnel for B2C License Application

Building a Competent Team for Success

The Malta betting license mandates specific roles, each with its qualifications:

CEO: At least three years of managerial experience or a relevant bachelor's degree/higher.
Operations Management: Minimum two years of managerial experience or a relevant bachelor's degree/higher.
Compliance Operations Officer: Two years in compliance, with a relevant bachelor's degree or equivalent experience.
Legal Affairs Officer: Two years of legal experience, with a law degree.
Data Protection Officer: At least two years in data protection, with relevant qualifications.
AML/CFT Officer: Two years in an anti-money laundering role, with a relevant bachelor's degree or specific qualification.
Technology Officer: Minimum two years in IT, with a relevant degree or experience.
Internal Audit Officer: At least two years in internal auditing, with relevant certification or experience.

Financial Capital Requirements

Share Capital Based on License Type

Share capital requirements range from €40,000 to €240,000, depending on the license type and the games offered.

Setting Up a Private Limited Liability Company

Compliance for Corporate Structure

To establish a Private Limited Liability Company in Malta, certain criteria must be met:

The company name must include "Private Limited Company," "Limited," or "Ltd."
At least one company director is required.
Appointment of a company secretary.
Between 1-50 shareholders, with no residency requirement.
Compliance with minimum authorized capital as per gaming regulations.
A local registered office address in Malta.

Ongoing Supervisory Fees

Annual Costs for Regulatory Compliance

The annual fee for supervision varies between €10,000 to €25,000, depending on the specific license and regulatory requirements.

Preparing for a Successful Licensing Journey

Fintech Simple: Your Partner in Compliance and Success

Navigating the requirements for a Malta gambling license can be complex, but with Fintech Simple, you are well-equipped to meet every standard. Our expertise ensures that your application process is thorough, compliant, and poised for success, from financial planning to team assembly and corporate structuring.

Understanding Malta's Gaming Legislation Landscape The Legal Framework Governing Gambling Activities

Navigating the Regulatory Waters of iGaming in Malta

In Malta, the iGaming industry operates under a comprehensive and robust legal framework. Fintech Simple provides an overview of the key laws and regulatory acts that govern gaming activities in Malta, ensuring that your business is fully informed and compliant.

Key Regulatory Acts and Regulations

A Suite of Regulations for Comprehensive Governance

Several critical regulations work in tandem with the Malta Gaming Act to ensure a well-regulated gaming sector:

Gaming Authorisations Regulations: These regulations outline the requirements for obtaining and maintaining gaming licenses.
Gaming Commercial Communications Regulations: This act governs advertising and promotional activities in the gaming sector.
Gaming Compliance and Enforcement Regulations: These regulations detail the compliance requirements and enforcement measures for gaming operators.
Gaming Definitions Regulations: They provide clear definitions and categorizations within the gaming sector.
Gaming Player Protection Regulations: Focused on safeguarding players and promoting responsible gaming practices.
Gaming Premises Regulations: These outline the standards and requirements for physical gaming venues.
Gaming License Fees Regulations: This regulation specifies the fee structure for various gaming licenses.
Gaming Tax Regulations: Outlining the tax obligations and structures for gaming operators.
Social Causes Fund Regulations: Detailing the contributions gaming operators must make towards social and charitable causes.
Retention of Data (MGA) Regulations: These mandate the retention and handling of data by gaming operators.

Compliant and Informed - The Key to Success in iGaming

Fintech Simple: Your Guide through Malta’s Gaming Laws

Navigating Malta's comprehensive gaming laws and regulations is a critical aspect of operating a successful gaming business. With Fintech Simple, you gain an expert partner who ensures that your venture is not only compliant with these regulations but also well-informed about the legal intricacies of the Maltese iGaming industry.

FAQ

What is a gambling license in Malta?

A gambling license in Malta is a permit issued by the Malta Gaming Authority (MGA) allowing companies to legally operate gambling activities within Malta's jurisdiction.

Who needs a gambling license in Malta?

Any entity planning to engage in online or offline gambling activities within Malta must obtain a relevant gambling license from the MGA.

What types of gambling licenses are available in Malta?

Malta offers several types of gambling licenses, including B2C (Gaming Service License) and B2B (Critical Gaming Supply License), each subdivided into different categories based on gaming activities.

How long does it take to obtain a gambling license in Malta?

The process typically takes several months, depending on the completeness and complexity of the application.

What are the key requirements for obtaining a gambling license in Malta?

Key requirements include a solid business plan, a fit and proper test, sufficient financial resources, and compliance with Malta's gaming regulations.

How can Fintech Simple assist in obtaining a Malta gambling license?

Fintech Simple offers comprehensive services including assistance with application, legal advice, compliance, and ongoing support throughout the licensing process.

What are the costs associated with obtaining a gambling license in Malta?

Costs vary depending on the type of license and services required. Contact Fintech Simple for a tailored quote.

Is a physical presence in Malta required to obtain a gambling license?

While a physical presence is not always mandatory, certain conditions and legal requirements might necessitate it.

What is the Malta Gaming Act of 2018?

It's the primary legislation governing gambling activities in Malta, setting out the framework for licensing, compliance, and enforcement.

Can Fintech Simple help with the creation of a Malta-based company for licensing purposes?

Yes, we assist with company formation in Malta, including legal and regulatory compliance.

What is a 'Fit and Proper' test in the context of Malta gambling licensing?

It's an assessment conducted by the MGA to evaluate the integrity, financial stability, and competence of applicants.

Are there any ongoing compliance requirements after obtaining a license?

Yes, licensees must adhere to continuous regulatory, financial, and operational compliance as set by the MGA.

What happens if an applicant fails the ‘Fit and Proper’ test?

Failing the test can lead to application rejection, but applicants can seek guidance from Fintech Simple to address and rectify issues.

Can Fintech Simple help with tax planning for a Malta gambling license?

Yes, we offer guidance on optimizing tax obligations and benefits under Maltese law.

Is online gambling legal in Malta?

Yes, online gambling is legal in Malta, provided operators hold a valid MGA license.

How does Malta’s membership in the EU affect gambling licensing?

Malta’s EU membership offers broader market access and regulatory recognition within the EU.

What are the advertising regulations for Malta-licensed gambling operators?

Operators must comply with the Gaming Commercial Communications Regulations, focusing on responsible and fair advertising.

Can Fintech Simple assist with the legal aspects of setting up gambling operations?

Absolutely, we provide comprehensive legal assistance for setting up and operating gambling businesses in Malta.

What kind of support does Fintech Simple offer after obtaining the license?

We offer ongoing legal, regulatory, and operational support to ensure continuous compliance and business success.

What are the minimum financial requirements for a Malta gambling license?

Minimum financial requirements vary depending on the type of license, ranging from €40,000 to €240,000.

Does Malta offer any tax advantages for gambling operators?

Yes, Malta offers various tax benefits, including potential effective corporate tax rates as low as 5%.

Can Fintech Simple help with the preparation of the necessary documentation for the license application?

Yes, we assist in preparing and reviewing all required documentation for the license application.

What is the role of the Data Protection Officer in a Malta gambling license application?

The Data Protection Officer ensures compliance with data protection laws and regulations, a key aspect of the licensing process.

Can Fintech Simple provide assistance with meeting the gaming compliance and enforcement regulations?

Yes, we offer guidance and support in meeting all regulatory compliance and enforcement requirements.

What types of games can be offered under a Malta gambling license?

The license type determines the games you can offer, ranging from casino games to sports betting and lotteries.

Are therespecific software requirements for Malta-licensed gambling operators?

Yes, operators must use software that complies with MGA standards, ensuring fairness and security.

How does Fintech Simple ensure that clients remain compliant with Malta gaming laws?

We provide regular updates, audits, and consultations to ensure ongoing compliance with all relevant laws and regulations.

What is the process for renewing a Malta gambling license?

License renewal involves submitting an application along with updated compliance documentation. Fintech Simple can assist with this process.

Can Fintech Simple help with setting up banking and payment solutions for a gambling operation in Malta?

Yes, we can assist with establishing banking relations and payment processing solutions that comply with Malta’s regulations.

What happens if Malta gaming laws change during the license period?

Fintech Simple keeps clients informed of legal changes and assists in adjusting operations to maintain compliance.

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