The best jurisdictions for registration of online casinos

The best jurisdictions for registration of online casinos

In the first review, we looked at the most popular and best-known jurisdictions for both land-based and online gambling registration. Let me remind - these are Curacao, Malta and Costa Rica. It was planned to tell about two more jurisdictions. But... there are really a lot of noteworthy countries, so in this review we decided to briefly cover 3 jurisdictions for profitable online casino licensing. It won't take much time, but it will give you more information to think about. Let's start.

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Montenegro

Difficult times in the Balkan economies have pushed Montenegro to get involved in the global gambling market. Since 2012 the national regulator issues licenses to gambling operators in Europe, Asia and America for online gambling activities: online casinos, sports betting, poker and video slots. Licenses can be purchased separately or all at once. Special package includes the cost of opening and licensing the business, operating costs, etc.

• The cost of the complete package - 25 000 euros for the first year, and 15 000 euros for the next period.
• Term of registration of a license - 2-3 days.
• The tax rate - 9%.

Dominican Republic

In terms of taxation the Dominican Republic attracts many online gambling operators. The tax rate here varies between 3-4%. In addition, the legislation allows opening any type of gambling business, there is no complicated gambling classification. Jurisdiction in the Dominican Republic attracts investors with the following benefits:

• The cost of the license is $27,000 or 22,700 euros.
• The processing time is 1-2 weeks.
• No personal presence is required to process the license.
• No strict reporting requirements for company activities.
• Duty-free registration.

Isle of Man

Self-governed island provides gambling operators quite profitable and stable conditions for work. Three types of licenses are offered: full, sublicense and a permit for network services. Accordingly, the prices vary. In any case, the licensing of online business is carried out only after the registration of the company on the island. Thus, the servers must be located on the territory of the jurisdiction.

• The cost of the license - 35 000 euros (quite expensive compared to previous jurisdictions)
• Term of registration of the company and issuance of a license - 11-12 weeks.
• The tax rate on profits is 0%.
• Gambling tax on total profits of the company varies from 0.1 to 1.5%.