How to get a gambling license in Malta?

Malta is one of the most popular jurisdictions for obtaining a gambling license. However, the registration procedure is very complicated and requires careful preparation as well as the help of a professional lawyer. Nevertheless, having this license makes your online casino to be competitive and prestigious. So, how can you get a Malta gaming license?

Types of Malta Gambling Licenses

There are two types of licenses in Malta:

• B2B

This license is intended for developers of games or software for gaming platforms. It is important to consider the fact that operators can only use licensed software.

• B2C

This type of license is intended for online casino operators and allows them to offer players such gambling activities as:

• slots;
• poker;
• roulette;
• lotteries, etc.

Also, the B2C license is divided into four types:

Type 1 — It allows operators to offer services as casinos and lotteries.
Type 2 — Due to this type of license, operators can offer betting and e-sports to their clients.
Type 3 — This type of license is intended for advertising campaigns, bingo, betting on stock exchanges, and poker.
Type 4 — It is intended for providers of gambling software, online games, and hosting.

Operators can offer players several types of gambling activities.

Malta Gaming License Requirements

• Registering of a company in Malta.
• Preparing all necessary documents.
• CV.
• Submitting an application to the Malta Gaming Authority (MGA).
• Business plan.
• Confirming the origin of funds.
• Providing certificates for games.

Procedure for obtaining an iGaming license in Malta

The procedure for obtaining a gambling license in Malta consists of several stages. On average, the application process takes approximately six weeks. After that, the operator receives a temporary gambling license for six months. Then, the company is waiting for a check, and if everything goes well, then the organization will receive a permit, which is issued for ten years. This permit can be renewed upon expiration. In order to extend the validity of a gambling license, the operator must submit an application for reconsideration during the two months prior to the expiration of the license.

Malta Gaming License Cost

In order to obtain a gambling license in Malta, operators need to make several mandatory payments:

There are also annual fees that depend on the type of license.

In addition to all fees, operators must pay a minimum authorized capital from 40,000 to 100,000 euros. The amount of the authorized capital depends on the type of gambling activities that you will offer in your casino. If you choose games that belong to the different types, and you will need to submit an extended application. In this case,  the authorized capital can increase up to 240,000 euros.

Taxation

Taxation is very high in Malta. If the amount of income from gambling activities of the casino exceeds 10%, then, in this case, the operator must pay 35% tax.

Pros and Cons of Obtaining a Malta Gambling License

Pros

• Opportunity to work in the European market as Malta is a member of the European Union.
• Stable currency and economic situation in the country.
• The good reputation of the jurisdiction.
• Having a Maltese license increases the prestige and competitiveness of a gambling establishment.
• Possibility to obtain a residence permit in this country.
• The ability to provide different types of gambling services.

Cons

• High taxation.
• High license fees.
• The application procedure takes a long time.

Conclusion

Although the cost of a Maltese license and tax is very high, this country provides very good and favorable conditions for running a gambling business. Moreover, having a Malta gambling license will help attract many players to your platform and allow you to enter the international market.

If you want to apply for a gambling license in Malta, you can contact our managers, and they will advise you on all issues.