iGaming Services in Malta
Malta, a charming island in the Mediterranean, has made a name for itself as a major iGaming hub. The nation’s proactive approach to industry regulation has made it a desirable location for operators looking to launch and grow their gaming businesses. Here’s a detailed look at Malta’s iGaming offerings:
License procedures:
The Malta Gaming Authority (MGA) is the organization in charge of overseeing all gambling-related activities in Malta. It provides a variety of licenses, including B2C and B2B versions.
- The MGA offers four different license categories: controlled skill games, remote gaming, remote betting, and hosted in Malta.
- Duration and Renewal: MGA licenses typically have a ten-year lifespan and are revocable.
2. Business Formation:
- Malta provides a welcoming business environment with clear regulations for establishing an iGaming business.
- Tax advantages: Malta has competitive tax rates for businesses, and it has double taxation agreements with many nations.
3. The Anti-Money Laundering (AML) Guidelines for Online Casinos:
- Strict Regulations: Malta has put in place strict AML regulations to make sure that the iGaming sector remains open and honest.
- Compliance: To identify and stop money laundering and terrorist financing, online casinos must put in place strict internal controls.
4. Gaming Accounting:
- Malta adheres to International Financial Reporting Standards (IFRS), which guarantees accuracy and uniformity in accounting practices.
- Gaming services are exempt from Value Added Tax (VAT) in Malta, but there are some requirements that must be met.
- Read more about accounting for gaming companies.
5. Conformity
- Regular Audits: To make sure that operators adhere to regulations, the MGA mandates regular audits.
- Operators must make sure their technical infrastructure, particularly their Random Number Generators (RNGs), complies with the necessary standards.
6. Legal:
- Malta offers iGaming operators a highly regulated environment with a well-defined legal framework.
- The MGA provides mechanisms for players and operators to settle disagreements.
7. Manpower:
- Talent Pool: Malta’s emphasis on iGaming has produced a large talent pool with expertise in all areas of the business, from technology to marketing.
- Training and Development: Schools in Malta provide specialized programs designed specifically for the iGaming sector, ensuring a steady supply of qualified workers.
In conclusion, Malta stands out as a top location for iGaming companies, providing a full range of services that address all aspects of the sector. Malta is unquestionably a top option for iGaming operators worldwide thanks to its strong regulatory framework, skilled workforce, and supportive business environment. GBO Gaming Services offers iGaming services in Malta, catering to gaming companies with comprehensive solutions and support. iGaming services in Malta encompass a range of solutions and support for gaming companies. Malta is a renowned hub for iGaming, providing regulatory framework, licensing, and infrastructure to facilitate online gaming operations. These services include licensing assistance, compliance, payment processing, and corporate support, making Malta a favored destination for iGaming businesses
