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Cyprus gambling license. Cyprus remains a world trade center in which the control and regulation of Forex is carried out at the legislative level. Cyprus legislation may provide tax non-residents with a 0% dividend tax.
The current Betting Law 2012 – Law 106 (1) / 2012 specifies the legal basis for the activities of betting operators and bookmakers. The National Bookmaker Authority (NBO) monitors the activities of bookmakers in Cyprus – online betting by gaming operators.
There are licenses of the following types:
The application procedure for a Class A or Class B license has a number of requirements.
Regardless of the class, all licenses are issued for a period of one or two years. In some cases, the period may be extended. In case of violation of the rules under the 2012 Betting Law, the NBA may revoke or suspend the license.
Separately, the licensee must pay a fee of EUR 30,000 for one year and EUR 45,000 for two years.
Applicants for a license are subject to additional requirements:
The main backup server, which is located on the island, must be connected to the organ’s computer equipment. In addition, the licensee company must have a dedicated website address. The common platform for accepting bets must meet the general criteria set out in the 2012 Betting Law.
To obtain a class A, B license, you must:
The specialists of Eternity Law International will provide you with expert advice on obtaining a license in a suitable jurisdiction.
If you have any questions or need advice on obtaining a license, call us at the numbers listed on the website, or write in the form located at the bottom of the page.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.