Gambling in Malta is regulated. Therefore, German citizens who wish to engage in gambling and/or betting shops (BC) in this jurisdiction must obtain a gambling license from the MGA (Malta Gaming Authority) regulator.
Types of licenses in Malta
Depending on the type of online game you want to become an operator of, B2C gambling licenses in Malta are divided into classes:
Class 1 – casino games, lotteries with a guaranteed prize;
Class 2 – games with fixed rates, bookmakers, e-sports bets;
Grade 3 – poker, pool betting, lotteries, bingo, lotto, peer-to-peer games;
4 Class – skill games.
Each class has a share capital. You can find out its amount on the official website of the SBSB law firm, or by contacting representatives of the company online.
What does a gambling license give?
In addition to the fact that a Malta license allows you to legally engage in betting and gambling, it provides a lot of advantages to its holder:
Tax benefits are the same as for other Maltese companies;
Ability to accept payments in fiat currency (including via Visa/Mastercard);
Ability to accept payments in cryptocurrency;
Cooperation with the best operators of gambling and betting shops;
Opportunity to purchase equipment and software from the best manufacturers;
Confirmation of the legality of your income;
EU country license;
License from a non-offshore country;
High player confidence.
1 shareholder and at least 1 resident director – an individual with specialized education and experience;
MLRO-resident performing the functions of Responsible Gaming, Key Compliance Officer, network and information security, risk management strategy;
Data Protection Officer, acting as a specialist in legal issues and financial strategies;
It is necessary to have a physical office in Malta and two bank accounts – one for company funds, the second for player funds. It is also necessary to deposit the authorized capital into the account (when applying to the MGA) and pay the fees. Their sizes and order of application can also be obtained from SBSB specialists.
How to obtain a Maltese gambling license in Germany
German citizens who wish to obtain a Malta gambling license can order this service from SBSB lawyers. They make gambling licenses from scratch on a turnkey basis in other jurisdictions – Curacao, Kahnawake, Fr. Maine. There is also a service for opening a gambling business in Costa Rica, where this activity does not require licensing.