Eternity Law International News Obtaining a gambling license in Belgium

Obtaining a gambling license in Belgium

Published:
January 29, 2020

The ban on gambling on the territory of the CIS countries forced to look for options for operating online casino activities outside the CIS countries. Belgium became one of the most attractive countries in the gaming industry. In order to operate a casino you need  registration of a legal entity and also a license.

A newcomer or regular customer always pays attention to which country regulates the activities of the company that takes their funds. Well-established online casino licensing countries increase the importance of the virtual establishment. They strengthen the security / confidentiality guarantees of the service provided.

The process of obtaining a license for a casino is associated with time-consuming preparation and preparation of documentation. Employees of Eternity Law International will advise and provide legal supporting documents for high-quality registration of a gambling license.

The Belgian state registers and issues licenses with the rigor and pedantry in relation to its laws.

The Gaming Commission alone issues licenses for this type of commerce, cooperates with the authorities and is an independent body. The Gaming Commission controls this type of activity and deals with cases of illegal gambling. This simplifies the extradition procedure as only one authority decides all issues.

Game license principles

In 1999, the Belgian government passed a law in order to legalize the conduct and organization of gambling. The jurisdiction is allowed to visit gambling establishments and play in casinos only with the onset of the 21st year. Registration, indicating passport data or identification number are required for online casino visitors.

If the casino itself violates the law, this may lead to the opening of a criminal case or entail a fine of up to 100 thousand euros. When a player plays on a site from blacklisted states, he can pay a fine of up to 25 thousand euros.

Government officials are prohibited from engaging in gambling business. It is imperative that a license renewal is required upon its expiration.  There is an automatic exclusion from the lists of persons entitled to conduct a gambling business. It is prohibited to advertise any gambling entertainment on television until 20.00.

Permits issued for gambling

The official site indicates the classification of licenses, the “+” sign means an online casino license. The main types of legalization of gambling entertainment:

  • G1 – G2 for broadcasting gambling on television and telephone;
  • F1 – F2 – F + must be on racetracks where horse races are held and there are sweepstakes, F + legalizes online sweepstakes;
  • E are owned by manufacturers and creators of software for gambling halls;
  • D is required for service personnel in gambling houses;
  • C is needed for bars with slot machines;
  • B – B + a license for casinos in which slot machines are located can be obtained by those casinos that already have a license;
  • A – A + is required for all real casinos in the lands of the kingdom.

Permission for online casinos is not given separately, only as an appendage to the host. The number of allowed online licenses is due to casino A + nine licenses, 180 – B +, 34 licenses for F +.

The law provides for special licensing rules for the following categories:

  • holding a lottery;
  • production of gaming software;
  • equipment of playing machines and tables;
  • racetrack bets;
  • water sports betting;
  • bookmaker activity;
  • bingo;
  • casino;
  • slot machines.

Required documentation

Documents without which the Commission will not issue a license:

  • identity documents of all founders;
  • tax returns corresponding to the last three periods (copies are sufficient);
  • a ship’s statement confirming the absence of a criminal record no more than 3 months;
  • the act of maintaining political and civil rights.

The annual fee is 250 thousand euros per year, the casino is taxed at 11%. The processing time takes up to two months. The main casino license is issued for up to 15 years. Eternity Law International will help you select and legalize all the documents required to open a casino.

You could be interested

EMI license in Portugal

Introduction Portugal, known for its picturesque landscapes and rich cultural heritage, has also emerged as a hotspot for businesses, especially in the fintech sector. One key aspect that has contributed to this trend is the availability of EMI (Electronic Money Institution) licenses in the country. In this article, we will delve into the requirements, services,...

Ready-made company in Latvia

Ready-made companies, seasoned companies, or aged companies refer to LLCs or partnerships that have not been active. Benefits of aged companies Saving time is one benefit of a ready-made firm. The incorporation procedure takes time, and quicker enrollment is more expensive due to greater state taxes. Changing the owner of an existing business is quicker....

Forex Broker License in Cyprus

Forex-trading is making money on currency exchanging deals. Forex-market exists globally and its turnover exceeds millions of dollars. Cyprus is one of the first countries to legalize Forex trading and has gone to great lengths to keep traders safe by offering them quality, greatly-full and strict regulation. However, despite the severity of certain points of...

Crypto license in Cyprus

Firms intending to establish a business-project in this jurisdiction and conduct crypto-activities need to send a special application to CySEC regulative authority to get a separate crypto-license. Process of becoming the owner of such a permit as crypto-license in Cyprus contains some nuances and requires special attentiveness from the business-owner, however, owning Cypriot crypto-currency firms...

What is a banking license and what powers do its holders obtain?

If you plan to operate as a Banking-as-a-Service (BaaS for short) provider, you should obtain a banking license. This is a crucial aspect as your choice will settle the scope of your business, the menu of services you will deliver, the client base, and even your market share. Read on to figure out the core...

Benefits from an IPO

Are the revenue and income indicators of the company that entered the IPO changing for the better? Speaking of companies that have already listed their shares on the stock exchange, they were able to provide evidence of the popularity of their product in the market, which should increase the rate of growth in the future....
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

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

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7