Malta Gambling License (MGA)
Talking about online gambling markets, Malta is one of the most regulated ones on a global scale. Malta is a demanding jurisdiction for both budding entrepreneurs as well as established online gambling business owners to attain a license in. Let TRUEiGTECH help you in the quest of acquiring the Maltese Gambling License (MGA).
Even though the cost of acquiring a Maltese Gambling License (MGA) is higher than that in the Isle of Man and Curacao, larger companies prefer it for entering the European market. Alongside the cost, the regulatory requirements are also stricter than in other jurisdictions. MGA (Malta Gambling Authority) is responsible for issuing licenses for iGaming operators offering services like sports betting, online casinos, poker, and horse racing betting.
Everything About Maltese Gambling License (MGA)
To obtain a Maltese Gambling License (MGA), you must meet all the strict requirements specified by the regulatory body. The requirements are mostly specific to financial reliability, gaming fairness, player protection, and other such attributes. MGA also demands operators adhere to a strict risk-management system, aiming at protecting players from potential gambling issues.
Malta Gambling License is one of the most prestigious options in the entire online gambling industry. Upon availing of it, you will gain access to run your business seamlessly across diverse European jurisdictions and other countries around the world. Such exposure will eventually boost the players’ confidence in your iGaming business and the games you offer.
The best thing about the Maltese Gambling License (MGA) is, that you are free to open multiple licenses over the existing one. For instance, you can open a B2B license as a software provider or game developer or a B2C license as an online casino or iGaming operator. The validity for each license you obtain is 10 years, which can then be extended.
Learn More about Maltese Gambling License (MGA
Benefits of Maltese Gambling License
Prestigious License
Tax Benefits
Economic and Political Stability
Active International Market Promotion
Support from the Government
Drawbacks of Maltese Gambling License (MGA)
The only drawback associated with obtaining a Maltese Gambling License (MGA) is, that the process of obtaining it might be lengthy and a bit complex. For instance, the verification & approval process might take a lot of time, considering the strict regulatory controls and highest security standards. To give you a perspective, it might take around 4 to 6 months from application to approval of your Malta Gambling License.
Crucial Requirements for You to Obtain the Maltese Gambling License (MGA)
To acquire the Maltese Gambling License, you might have to adhere to certain requirements which include:
- Your iGaming company must be registered with the local registry in Malta.
- The company must have a clean history and must not be involved in any kind of illegal gambling activity.
- There must be sufficient capital in your business account to conduct online gambling activities.
- A reliable infrastructure is essential for ensuring the safety of players and the prevention of fraudulent attempts.
- There must be a risk-management system to identify, analyze, and mitigate potential threats before they can cause serious issues.
- Your company must have an active system to determine players’ privacy and an active feature to prevent money laundering.
- A considerable part of your overall gambling operations must be located in Malta, which means you must have a physical office with servers and infrastructure within the nation.
Process of Acquiring a Maltese Gambling License
Here are some of the steps that you must follow in order to start your online gambling company in Malta, and scale it across the globe:
Register a Local Firm
The first step towards obtaining a Maltese Gambling License (MGA) is to set up a company within the jurisdiction. You can register the same in the form of a Private Ltd. company. It might take up to three months the complete your company’s registration.
Select & Reserve Your Company’s Name
Check the availability of your company name, and reserve it. The name you choose will be reserved and valid for the next three months.
Organize Your Physical Office
Rent or buy an office space and get it registered as the official address of your company in Malta. It is an ideal requirement as the regulatory body needs an address for correspondence.
Hire Employees
You must then hire a director, secretary, anti-money laundering professionals, and other key individuals to be part of your Maltese gambling company.
Open Your Bank Account
Look for a reputed local bank and open your account in it. We can help you find the best local bank that holds accounts for several iGaming business operators in the country.
Pay Your Registration Fee
You must then pay the company registration fee. The amount will be determined based on the share capital of your company.
Registration with the Tax Authorities
Once you have the certificate of incorporation, you can then register your firm with the CFR (Commissioner for Revenue) for taxation, to finally complete the business registry process.
File the Application Documents
Now, you can take our help in this step, and we will be submitting your Maltese Gambling License application alongside the required documents. We will make sure the application is filled and processed correctly, ensuring no delayed approvals.
License Issurance
Finally, you will have to wait for the given time till MGA gets back to you with approval. Depending on the documents and validation requirements, the process might take months.
TRUEiGTECH Extends its Service Offerings to Help You Obtain Maltese Gambling License
We understand the importance and weightage of a Maltese Gambling License in the industry. Therefore, we have trained, skilled, and resourceful professionals, ready to guide you through every small step toward applying for a Malta Gambling License. There are strict regulatory requirements and associated sub-criteria that you must fulfill to guarantee license approval.
So, give us the chance to be precise about filling out your Maltese license application, and help you get started with your business operations. At TRUEiGTECH, we don’t just provide you with high performing gaming software but also extend our services to help you with the desired licensing attributes.
So, in case you want added support for obtaining the Maltese Gambling License, reach out to us today.
FAQ's
You must submit an application to the MGA, and ensure that all the regulatory requirements are met on priority. MGA will then be making the final decision on whether or not your company is legit to obtain the license and operate within the jurisdiction.
It might cost around €40,000 for you to obtain a Maltese Gambling License, which might vary depending on the type of license you apply for, and the activities of your company.
It might take around 4 to 6 months of time for MGA to verify the license application and give approval. The overall processing time might also vary, depending on the complexity of your application and the availability of required documents.