After the declaration of independence of Montenegro in 2006, the government authorities completely updated the legislative framework. In the same year, a decision was made to allow the gambling business in Montenegro to attract foreign investments. In 2011, the authorities of the government legalized online casinos in Montenegro. Since then, people wishing to open their online casinos in this region can obtain a Montenegro online gaming license for all types of online gambling activities, except for lotteries.
Regulation of Gambling in Montenegro
The country has the Montenegrin Gambling Law, which regulates all the rights and obligations of operators. The main regulatory authority for gambling activities in Montenegro is the Games of Chance Administration, which is controlled by the Ministry of Finance. A gambling license in Montenegro is required for all businessmen who want to open a casino in this region.
Online room operators can accept players from other countries. However, if users are on the territory of Montenegro, operators and players must comply with the country’s regulations.
According to the Montenegrin Gambling Law, operators are allowed to offer online games. A special license for this type of activity can be obtained by those operators who have a gambling license for one of the types of land-based gambling activities. Thus, the online casino license can be considered an extension of the current license.
The license for an online casino in Montenegro is single for all types of online gambling activities. Thus, operators can offer their users a wide range of games in their online casino, regardless of their type and number.
Requirements for obtaining a license in Montenegro
The jurisdiction requirements depend on the type of gambling activity for which you want to obtain a gambling license in Montenegro. The only general requirements are the following:
- The operator must be registered in the form of a limited liability company or joint-stock company in Montenegro.
- Open a bank account in the territory of Montenegro.
- Provide information of no criminal record.
Operators can purchase a gambling license in Montenegro for the following types of gambling activities:
- Land-based casino games
- Online casino games
Types of Montenegro gambling license
There are the following types of gambling licenses in Montenegro:
If the operator is going to offer different types of bets, he is obliged to issue a license for each type of betting activity separately.
A betting license is issued for three years, with the possibility of extending it for another two years. Also, each bookmaker is obliged to connect to the regulator’s system via the Internet.
When submitting an application, the operator will need to confirm the payment of the minimum authorized capital, which is 75,000 euros, and confirm that he has an amount of 30,000 euros in his bank account.
Important: Operators are prohibited from offering bets on the results of political elections on the territory of Montenegro. Also, the owners or shareholders of sports clubs do not have the right to be the organizers of bets on the results of sports competitions in which their club participates.
Slot Machine License
This type of license is issued to operators who want to install slot machines in special establishments.
This type of license can be issued for three years, after the operators have the right to extend the validity of the gambling license for another two years. If slot machines are offered in casinos, then operators do not need to obtain a license for them, as the gambling license for a casino includes slot machines.
To obtain a license for slot machines, operators must pay a minimum authorized capital of 75,000 euros and provide confirmation of the bank guarantee in the amount of 25,000 euros.
It is possible to obtain a license for a casino in Montenegro only through an open tender.
To get a gambling license for a land-based casino, operators have to submit an application with the required package of documents. The criteria for the selection of licensees are determined during the tender. It should be noted that only eight people can get a casino license, as the number of licenses for a casino is limited.
A casino license in Montenegro is issued for ten years. After that, the operator must submit an application to renew the license for another five years.
Also, operators will need to pay the authorized capital — 300,000 euros and provide a bank guarantee — 90,000 euros.
The availability of a bingo license in Montenegro allows operators to organize a tombola and television tombola. This license will be valid for three years. Upon expiration of this license, operators can renew it for the following two years.
The authorized capital is 75,000 euros to get a bingo license, and the bank guarantee is 10,000 euros.
Online Game License
As we have already said, in order to obtain a license for an online casino in Montenegro, you need to be the holder of one of the types of a land-based casino licenses. Thus, the process of obtaining a license for online games will be straightforward and will not take a long time. All the operators need to do is submit a request without the need to provide an additional package of documents.
The Montenegrin Gambling Law does not specify anything about the validity period of an online casino gambling license. Usually, state authorities issue this type of license for three years with the opportunity of renewal.
The package of documents for obtaining a gambling license in Montenegro
- A document that confirms that the company is registered in Montenegro.
- Memorandum of association.
- Business plan.
- Description of games.
- Certificates of no criminal record.
- Games’ rules.
- A document that confirms the ownership or the right to use of the premises for land-based casinos.
- Confirmation of the payment of the authorized capital.
- Confirmation of a bank guarantee.
- Confirmation of payments of an administrative fee.
- Information about the experience and qualifications of all key persons.
The government levies 9% corporate income tax. As for bookmakers, they are not subject to income tax.
If you want to apply for a license for online gambling in Montenegro, you can contact our managers for detailed information.