Eternity Law International News Betting license in Cyprus

Betting license in Cyprus

September 19, 2022

Cyprus is one of the largest business centers in the world. Many of the most powerful Gaming operators are concentrated here. The legislation of the jurisdiction offers attractive conditions regarding the tax regime, in particular, in some cases, the tax levy on dividends is 0 for non-tax residents. In addition, the commercial market in Cyprus is quite multifaceted and covers many areas. In this article, we will talk about what privileges a betting license in Cyprus gives and how to get it.

Betting Law 2012 outlined a partial regulative framework for the control and regulation of bookmakers. In addition, some rules and regulations have been updated, while others have been completely replaced by others. Land-based bookmakers and online betting operators are overseen by NBA.

Permission is available in following categories:

  • class A – regulation of sports bets made in land-based bookmakers. Horse racing and activities, which will be indicated in the paragraph below, are exeptions;
  • class B – online betting – virtual operations in this segment. Exceptions are slot machines and lotteries.

Filing an application for betting license in Cyprus

In order to obtain a permission for sports betting, next-mentioned points are put forward for classes A and B:

  • Cyprus registered shares;
  • firm may be registered in another state, however, it needs to have a branch in Cyprus or be in official relations with one or another Cypriot enterprise. Activity of the latter should also consist in betting operations. In this case, the share capital of the company must be at least 500 thousand euros – for both foreign and local structures;
  • a guarantee from a bank in Cyprus or another country that is a member of the EU, in the amount of 550 thousand euros. The period of validity of the guarantee must extend to six months after the receipt of the authorization;
  • the ability to demonstrate and prove the availability of sufficient resources to pay out winnings to players;
  • having an adequate and properly functioning accounting and control system in order to provide betting services;
  • the ability to fulfill norms established by Law and NBA regarding players’ protection mechanism.

Gambling license in Cyprus is provided for 1-2 years. The permit can be extended. For this, the company draws up a separate application. The NBA has the right to revoke existing permits if the firm fails to follow certain rules and procedures established by the 2012 Act.

  1. Virtual bets prohibit operations involving cash.
  2. Category B permit prohibits receiving bets if account opened by user does not have sufficient money.
  3. Licensee B needs to keep active account with banking establishment in Cyprus.

As regards the payment of taxes, the general rate is 13%: 10% is levied on net income and 3 – contribution to Supervisory Office. Also, in addition to legislative ones, some technical requirements are put forward for firms related to betting.

  1. Availability of backup server in state. It must be connected to a computerized common system, which makes it possible to carry out transactions and save data on bets made in real time.
  2. The address of the resource used by the firm should end with “”.
  3. Platform that an entity uses for betting needs to function and be structured in accordance with criteria that are set in Betting Law 2012.

We are ready to help you figure out how to get a gaming license in Cyprus and offer many ready-made companies for sale. Our specialists are experienced experts working with hundreds of jurisdictions and have extensive professional knowledge. Contact us in a convenient way for you, and we will be happy to become your partners along the way.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

Offshore banking license: overview

Opening access to tax heavens, an offshore banking license is an authorization that permits establishing a financial institution that delivers offerings to clients who reside abroad. The authorization is provided by the local authority of the country where an institution conducts its activities, meaning that it may not obligatory be the state in which the...

ISO 13485 Criteria

ISO 13485 – normative document developed by international attestator. The updated version was released in 2016 and became mandatory for all businesses in 2019. This act includes ensuring full openness and regulating procedures accessibility of medical equipment circulation. Manufacturers must meet it if they want maintaining certification. To this end, it is checked whether your...

Corporate services in Ireland

The pace of economic development in Ireland surprises everyone. That is why this country is considered attractive for business registration. Foreign investors who turn to Ireland Corporate Services are also aware of the good conditions regarding taxation in this country. Consulting companies are already ready to provide professional assistance in the registration of a legal...

Company registration in Monaco

Registering an organization in Monaco means getting access to a variety of opportunities, including a residence permit. This jurisdiction has the following advantages: since Monaco is one of the financial centers of the eurozone, business will be reliably protected, and customer information will be completely confidential; favorable fiscal structure. The first three annual periods of...

Company registration in Cuba

For many years Cuba has been trying to create the most favorable conditions for attracting foreign investment. Today, it is a low-tax jurisdiction that is loyal to non-residents and offers opportunities for interaction with American and European corporations. Cuba is an offshore company with a progressive investment legislative base and signed agreements on avoidance of...

Crypto bank structure and its significance for crypto currency industry

Crypto banks are platforms that position themselves as crypto currency banks. They enable users to save digital assets and open deposit accounts, as well as issue loans in digital currency and allow users to pay for purchases with crypto currency cards. If you want to become the owner of such a structure and start making...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7