Eternity Law International — News — Gambling license in Estonia

Gambling license in Estonia

Published:
June 1, 2021

An organization or company does not have the right to start activities without a registration certificate, which is issued by the relevant authorities, but you need to know the specifics of obtaining an online casino license in Estonia. To open a casino, you need to obtain a gambling license.

Today many companies are allowed to issue such a permit. Experts help to draw up the necessary documentation when buying a casino license and provide consultations on all emerging issues.

For those wishing to start engaging in gambling business, the company provides the opportunity to purchase an operating casino, which already has a license. This saves a lot of time.

Offshore license

The main positive aspects:

  • Having a license for gambling, the company has the right to exist on legal terms, since the document was issued legally.
  • The company is assigned an international status. This enables the owner of the gambling business to conclude agreements with new foreign partners and financial institutions.
  • The institution has a security system that protects gamers. This is an important aspect that strengthens the company’s reputation.
  • The owner of the online casino is assigned an individual EU number.
  • The company does not pay inflated taxes.
  • Documents for obtaining a license for a casino are considered, a decision is made as soon as possible.
  • In almost all offshore countries, the company does not prepare regular financial statements.

A license to own a gambling business is issued subject to certain conditions and requirements. They are presented by competent commissions. Modern jurisdictions exist in certain offshore countries, where the gambling industry can be developed without breaking the law.

When starting a business, the commission is required to confirm documentary clean financial transactions and the solvency of the company. The general list of the offshore zone includes more than 20 countries. Among them are Curacao, Maine, Costa Rica, Alderney.

These are small states with a small population. There are no political incidents in these countries, a stable situation is always observed. Existing jurisdictions that issue online casino licenses fill the local treasury. Gambling registration funds boost the economy.

Features of obtaining a gambling license

All jurisdictions offer their services on different terms and have personal requirements. Before visiting a company with questions about starting a gambling business, try to find out the rules of the country, the cost and conditions of the controlling commission.

There is not always enough information on the Internet, so it is worth analyzing the sites of existing online casinos and understanding who issued the license. The site must contain scanned copies of documents where the address of the jurisdiction that issued the permit is indicated.

Pay attention to the date, name, phone numbers. You also need to find out information about the current institution (in which country it is located, the contingent of gamers who take an active part in gambling). Try to familiarize yourself with the information that is available.

A significant point is the cost of a license to conduct gambling activities. The difference can be very significant.

Estonian gambling license

Estonia is one of the promising countries. In recent years, she has made a big step in the development of the gambling business. Having survived the economic crisis of 2008, the authorities changed the legislation. Currently, gambling is allowed on the territory of the country.

This is a significant profit to the treasury, which contributes to the development of the economy. Operating casinos are officially registered and pay taxes regularly. The funds received bring significant income to the state treasury. The gambling business in Estonia is steadily moving forward.

Online casino owners are seamlessly entering new markets. This expands the geographic scope and promotes business development. It is known that with a population of 1.5 million inhabitants in Estonia, there are more than 170 gambling establishments in the country; at least 80% of citizens who have reached the age of majority have visited them.

Obtaining a license in Estonia

Anyone wishing to open a gambling business needs to obtain two documents: one confirming legal gambling activity and an Estonian license, which gives the go-ahead for gambling.

The first document gives the right to start a legal gambling business, the second to open an institution in a certain place. The owner of a licensed gambling business, if he is not a resident of Estonia, receives the right to enjoy the established benefits and “freely” conduct activities.

Obtaining a license in Estonia

Anyone wishing to open a gambling business needs to obtain two documents: one confirming legal gambling activity and an Estonian license, which gives the go-ahead for gambling.

The first document gives the right to start a legal gambling business, the second to open an institution in a certain place. The owner of a licensed gambling business, if he is not a resident of Estonia, receives the right to enjoy the established benefits and “freely” conduct activities.

Rules for obtaining a license in Estonia

For potential owners, the Estonian authorities have introduced some rules and are monitoring their implementation. When opening a gambling business in Estonia, a potential owner must prove the honesty of doing business and document the availability of money to open a casino.

To obtain a license for a gambling establishment, the commission must be provided with a package of documents prepared in the appropriate form. Detailed information can be obtained from the executive bodies of Estonia. They will also provide samples of completed forms and familiarize themselves with the list of basic requirements.

A legal entity needs to register in Estonia. Gambling activities must be carried out at the legislative level of the country.

The reputation of all persons involved in starting a business in the country must be clean (without engaging in unlicensed gambling, no criminal record). The company has the right to engage only in gambling activities.

The initial capital cannot be less than 2 million Estonian kroons. Only the owner of the license has the right to make decisions and conduct gaming activities; transfer to another person is not allowed. Estonian gambling license can be obtained by companies related to slot machines, lotteries, sweepstakes and other entertainment systems.

The application for a permit is reviewed by the Estonian Customs Board and the Tax Committee. Before submitting an application for licensing a gambling business, it is necessary to make a payment of the state tax on gambling. It will amount to 50 thousand kroons.

The cost of a license to open an online casino is 700 thousand kroons. The money must be deposited immediately after the commission notifies of its positive decision. Only an adult player can become a member of the casino.

Compliance with this condition is strictly checked by the commission. From the age of 18, he will be able to play simple games. To take part in gambling operations, a gamer must be at least 21 years old.

The right to open a casino can be exercised not only by a legal entity, but also by an individual. However, there is a significant limitation. An individual can only set up an establishment with skill games.

List of documents to be submitted when submitting an application:

  • personal data about the founders (scanned passport);
  • confirmation of the identity of the head and the name of the company (copy of the Articles of Association);
  • documentary confirmation of the presence of an office (payment notices for renting premises);
  • bank confirmation of opening an account and the amount of funds (certified by a notary);
  • a list of games with a full description that the casino operates with (name, game rules, bonus terms);
  • data on real payouts of winnings (confirmation of financial transactions in the casino);
  • a system that ensures the safety of customers of a gambling establishment;
  • a detailed business plan for the coming years (taking into account costs and calculating estimated income);
  • applications to tax and customs authorities for opening a license.

Peculiarities of issuing a gambling license in Estonia

The gambling business in Estonia has its own subtleties. Valid casino games must include the brand and company name. Be sure to follow all the rules during the game, when paying money. In addition, each client can contact the administrator.

Additional conditions for doing business in Estonia are indicated by the organization issuing a business permit, where you can apply for detailed information.

The cost of licensing gambling activities in Estonia

To conduct a gambling business in the country, an Estonian license is required for each planned object. The number of applications should be equal to him. The applicant undertakes to pay approximately 48 thousand euros for the analysis of the “operational” license.

The cost of considering an application for opening (creating) a casino is 32 thousand euros. Tote orders start at 3,000 euros.

The gambling establishment must pay tax on net profit, which is 5%. The total amount of deductions depends on the number and types of “one-armed bandits”.

The tax for lottery activities has increased in recent years, it is 18% of the proceeds from tickets (previously it did not exceed 10%). The license for the casino is valid for 10 years, and the permit that certifies its opening is 5 years.

In addition to licenses for online casinos, it is possible to obtain permits for land-based gambling clubs, as well as those located on yachts and ships that fly with the country’s flag.

You can buy a casino license from Eternity Law International. You don’t have to waste time preparing documents and searching for information. Professional employees will prepare all documents themselves that comply with the requirements of the jurisdiction of Estonia. Eternity Law International can offer a convenient way to open a casino or buy an existing one, on mutually beneficial terms.

You could be interested

India Forex License

Forex-activity is exchanging currencies. Concept and essence of FX-market covers worldwide currencies trading area, which is biggest and most active financial market globally. Daily turnover of funds there exceeds $ 5 trillion in total value. This amount is greater than the turnover of each of their national market-spaces in aggregate. Forex-market participants today are big-scaled...

Forex license Mauritius 2023

The Republic of Mauritius is a leading tax haven in terms of effectiveness, development, and scope of investing offers. If you decide to receive your licenses here, you will have virtually no limits on how you decide on marketing to your customers and how much you charge them for your services. The country is 2nd...

PI license in Malta

Malta is a convenient lawfullment to set up payment institutions. Remittance structures can create business, which would be based on the providing of electronic banking services. To perform such activities, it is necessary to enroll a company and obtain a payment institution license in Malta. If you want to set-up a company that issues electronic...

Company registration in Ukraine

Registration of a company in Ukraine is getting easier every year. Company formation procedure The first stage in setting up a company in Ukrainian jurisdiction is entering it into the Unified State Register. This can be done by submitting an application to the state registrar working in the zone where the legal entity will operate...

Brokerage licenses and investments

Professional control over the assets of others, the maintenance of their investment accounts and the management of their funds in order to make the most of the available resources, requires a license that gives the right to manage the assets. Moreover, most likely, you will need specialized help in obtaining it. Today, free capital can...

Financial risk management

Any large enterprise will fail if it does not follow the principles of risk management, in other words, it ignores financial risk management. In this publication we will try to reveal the most important aspects of this area of ​​activity. Business is primarily a risk, so every entrepreneur tries to make every effort to keep...

Related posts

How to Get a Gambling License in 2025

Perhaps, you’re overwhelmed with the idea to launch your own online casino. You are naturally trying to find out as many details about it as possible and type queries “how to start online casino 2025” or more specific, namely, “how to get a gambling license in 2025.” The latter turns out to be a more...

Investment license in Estonia

Estonia, known for its progressive digital society and thriving startup ecosystem, has established itself as an appealing terminus for businessmens and depositors alike. One of the key factors contributing to Estonia’s appeal is its streamlined and business-friendly investment licensing framework. In this article, we will explore the investment permission in Estonia, highlighting its benefits, demands,...

PSP license in Estonia

Since Estonia is a part of the EU, its system must comply with the regulations and legislation of this intergovernmental organization. Conducting any format of electronic transactions is possible only if the relevant permits are available. Such permits are valid both within the state and within the EU. That is why corporations that work in...

Gaming license in Estonia

The Estonian gaming market, which has a Baltic model, has a great prospect to be quite dynamic. The nation’s legalized games industry is governed by open procedures for getting gaming licenses, betting licenses and taxation policies. Read our guide on how to launch an online gambling industry in Estonia if you want to learn more...

UK gambling license

Operators in Britain, whose purpose is to provide users with gambling services, must obtain a gambling license in the UK – permission to conduct such a business. It is issued by the British Commission, which controls the sphere of gambling. The organization issues warnings to unlicensed operators who give access to games to UK citizens,...

Malta gambling license

Over the past years Malta has successfully established itself as a leading and well-regulated European gaming jurisdiction, which hosts approximately 10% of the world’s online gaming companies. The Government of Malta has carried out a complete review and consolidation of the gaming legislation, by virtue of which the Malta Gaming Authority (MGA) was created. The...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: