Anjouan Gambling License
Anjouan Gambling License (AGL), has immensely gained traction among the iGaming startups, especially after the modernization. The processing times for attaining this license are less, and it is accepted universally for permitting all gambling activities. At TRUEiGTECH, we can help you obtain it.
Anjouan Gambling License, issued by the gambling institution in Anjouan is an efficient and affordable option for you to start your iGaming business. It takes around 3 to 4 weeks to obtain it, and it can immensely speed up the launch of all your gambling operations. This authorization covers diverse gaming activities, such as sports, betting, casinos, etc. As an operator, this license will allow you to provide various gambling services, all under a unified document.
Maintaining Anjouan Gambling License
Maintaining the Anjouan gambling license will require you to pay consistent attention to adhering to all the legal requirements. For instance, you must prioritize renewal processes, annual reports, and other such insights. Being an Anjouan Gambling Licensee, you can also expand your business by upgrading your corporate structure, adding new licenses, or introducing new payment accounts.
Anjouan Gambling License ensures that the online gambling industry is functioning with absolute fairness and showcasing responsible gambling. Therefore, strict laws are enforced for all licensees. Regular compliance audits are made in order to verify if you are adhering to all the specified standards or not. The Anjouan jurisdiction also offers certain financial perks alongside its licenses, such as no tax on gross revenue and reasonable maintenance & set-up costs.
Therefore, the Anjouan Gambling License becomes one of the most sought-after and attractive permits for any iGaming startup to acquire.
Learn More about Anjouan Gambling License
Benefits of Attaining an Anjouan Gambling License
Seamless Application Process
Affordability Perks
Fewer Hassles
Multifunctionality
Ideal for the Startups
No Taxation
Requirements for Obtaining the Anjouan Gambling License
If you want to obtain the Anjouan Gambling License, you ought to comply with some of the regulations and maintain them. Alongside that, you must also be mindful about renewing your license over periodic intervals, as stated in the final documentation. Some of the basic requirements for you to comply with and obtain the Anjouan Gambling License are:
Regular Reporting
Reports must be submitted regularly and periodically to the Anjouan Banking and Gaming Supervision Authority (ABGB), which is a mandatory regulation imposed by the Betting and Gaming Act 2005.
Vulnerable Group Protection
Active protection measures must be taken in order to keep minors as well as addiction-prone gamblers safe. Responsible gambling limitations are to be implemented to fulfill this regulation.
Anti-Money Laundering
Use manpower and resources to identify any money laundering activities within your business network, and report the same to respective authorities.
Compliance with AML/CFT
You must identify customers, maintain financial transaction records, detect suspicious transactions, and track players’ betting history in order to obtain AML/CFT compliance.
Report License Status Changes
Any potential changes applied to your existing licenses should be informed to ABGB. If there are any suspensions or revocations of your licenses in other jurisdictions, that information must be conveyed to ABGB.
Fee Payments
The recurring fees must be paid on time before the end of the last date, which is crucial for you to maintain the Anjouan Gambling License.
Process of Applying for Anjouan Gambling License
If the documentation and application form are ready and correctly organized, the whole process of obtaining the Anjouan Gambling License will take just 3 weeks. Here is the process you can follow in order to apply for Anjouan license:
Determine Suitability of Key Individuals
A suitability and integrity check must be done for every investor, owner, or beneficiary of your iGaming company, which will confirm their impeccable status.
Fee Payment
All the registration or related fees must be paid in this step.
Application and Document Submission
The correctly filled application form and all the associated documents must be sent to ABGB for validation.
Financial and Ethical Quality Assessment
ABGB will then assess and analyze the financial reliability and ethical aspects of all the parties that are involved in the application.
License Issuance
Upon satisfactory approval of all the requirements, ABGB will grant you a license to operate your iGaming business for the next year, with an option for subsequent renewal.
Annual Fee Payment
Upon obtaining the license, the annual registration fee must be paid on priority.
Commence with Business Operations
Once the license is obtained, you can now get along with your online gambling operations, while continuing to maintain the regulatory and compliance requirements.
How Can TRUEiGTECH Help You with Obtaining an Anjouan Gambling License?
At TRUEiGTECH, we don’t just provide high-quality iGaming solutions but also provide assistance in getting your business up & running. In the process, we do provide our consultation on obtaining an Anjouan Gambling License. Our team will guide you through all the documentation and application fundamentals, ensuring you are correctly approaching the process.
We will also be guiding you with all the regulatory requirements that you must adhere to and maintain in the long term to keep your Anjouan license. So, whether you are planning to start your new online gambling business, or are already running one, we can be your one-stop hub for everything iGaming. From creating custom casino software to assisting you with licensing attributes, we are there for you.
FAQ's
Anjouan Gambling license is better understood as an official permit or authority, issued by the ABGC (Anjouan Betting and Gaming Association). This permit will allow the iGaming companies to conduct their online gambling operations legally within the accepted jurisdictions. This license covers most of the popular types of online gambling activities, such as sports betting and casinos.
For obtaining an Anjouan Gambling License, you must prepare and submit all of the necessary documents about the business. Choose a local representative and apply to the ABGC by paying the relevant fees. You can turn up to TRUEiGTECH, and get the required assistance in order to obtain the Anjouan Gambling License.
If you hold an Anjouan Gambling License, you are exempt from paying any tax on your gross gambling revenue. The authority offers a 0% tax rate on gambling, which makes it a perfect license than what most of the other jurisdictions offer.
Anjouan Gambling License provides a faster application process than that of the Curacao license. It covers all the different types of gambling activities in a single document and offers tax benefits with a 0% rule. With the Curacao license, you will have to apply for separate licenses for select gambling activities.