Obtaining an online gambling license

20.12.2012

During our work experience with online offshore gaming industry we can tell you that it requires significant effort and attention to details. Obtaining an online gambling license usually is a complex process involving research, documentation and certification.
Dema Partners LTD can guide you and offer for you the best license option for your business through our personal network of international relations. We can propose you the best option for casino, betting, lottery and bingo license - since the gambling company may conduct business worldwide through the internet securing clients from all over the globe. We will try to offer you a basic legal overview of what is entailed in setting up a fully functional online gambling website.
We know that many entrepreneurs start their adventure without fully understanding all the variables involved in setting up an online casino because some of them are expert gamblers and other are just businessmen or software designers and it takes a little bit of each to make it right. What is essential to know is that the entire operation means to understand the applicable laws since you are launching a global business and that supposed to verify it with appropriate legal counsel that you are not breaching international regulations related to gaming.
- First, start with creating a business plan to estimate the expenditure and expected profit. This step will not only help you to see where you stand financially but you will also need this information later in the process.
- Based on your nationality determine the possible legal implications of your actions conducting such type of business
- Another important aspect is finding a good casino software provider since later you will have to submit a certificate that the software you intend to use will not malfunction and won't be used for cheating.
- Determine the best jurisdiction to launch your site
There are several offshore options to set up an online casino operation and you will discover considerable regulatory advantages in those countries with more relaxed attitude towards online gaming.

Jurisdiction

Location

Estimated Duration

Estimated Yearly Fees

Level of Difficulty

Antigua

Caribbean

3 months

US$ 200,000

High

Belize

Central America

2 months

US$ 60,000

Medium

Costa Rica

Central America

1-2 months

US$ 5,000 – US$15,000

LOW

Curacao

Caribbean

2 months

US$ 60,000

High

Malta

EU

3 months

US$ 100,000

High

Panama

Central America

2 months

US$ 60,000 – US$ 200,000

High

From all the option you may have, Costa Rica offers the best option to launch an online casino or a gambling site. Because of the country's long democratic tradition, once you obtain the license you will not be subject to unpleasant surprises from authorities.

- Understand the implications of your selected target market and types of games
- According with the choose jurisdiction you will need to provide documents about your financial status, police record from the permanent country of residence and a sort of money investment plan.
- We recommend submitting your application for a gambling license via a specialized company.
- Determine the best location for your servers
- Select the right corporate structure
- Apply for your Gambling License
- Deal with payment options
- Go live
After obtaining a gaming license which helps you to conduct legal casino/poker business operations, you need to apply for the bank account and for the merchant account which represents other important steps to finalize the launch of your business and make payment actions.
The accumulated experience and large number of licenses obtained has helped Dema Partners to become more efficient and offer the best prices for gambling licenses, starting as low as 5,000 euro.