GAMing LICENSE IN ESTONIA
Before obtaining a gambling license in a particular jurisdiction, it is necessary to study the legislation regulating gambling in the country in order to avoid problems in the future. To provide gambling services in Estonia, obtaining a gambling license in Estonia is mandatory.
The license serves as a guarantor of the legality and security of gaming software for customers.
It is impossible to open an account without a permission to conduct business in the bank. Gambling legislation varies widely across countries.
To obtain a license for an online casino in Estonia, you will be assisted by an Internet service provider, the Casino Market company, which knows everything about gaming, licensing and the requirements for obtaining a permit.
GAMING AND ONLINE CASINO IN ESTONIA – GAMING LICENSE IN ESTONIA
The gambling business appeared in Estonia in the late 1990s and was originally regulated by the Lottery Act and the Gambling Act (1995).
Currently, the Gambling Law of 2009 is in effect in the country, and licensing of foreign sites began in 2011. All companies operating illegally are blocked by an ISP.
Online games in Estonia began to be regulated from 2010, the first licensed companies were Olympic Casinos and OlyBet.
A company wishing to operate in the online gambling market must obtain two types of licenses in Estonia:
for legal activities – gambling, for a period of five years;
to conduct gambling operations for a period of ten years.
HOW TO DRAW ESTONIAN LICENSE FOR GAMING BUSINESS
Today, there are eight licensed operators and more than 800 online casinos in the online gambling market in Estonia, which are blacklisted in the country.
All owners of casinos and gambling sites who wish to operate in Estonian territory must purchase a license for gambling. This rule applies to all organizations, whether they are in the European Union or not.
At the same time a number of requirements are put forward to the applicant:
– documentary evidence of the presence of a share capital of at least 1 million euros;
– filing a certificate of no criminal record and violations in the conduct of the gaming business;
– compliance with Estonian laws;
– the obligation that the license will not be transferred to other hands;
– guarantees of conducting only gambling business;
– A license fee of 47 934 euros.
WHAT DOCUMENTS NEED WHILE LiCENsING THE INTERNET CASINO IN ESTONIA?
Passports of the management and owners of the company (scans, copies).
Charter and certificate of registration of the company (scans, copies).
Certificate of registration of the legal address of the company with documentary evidence of its reality (utility bills).
Bank certificate of opening an account and the availability of the necessary funds on it.
Information about the software and website.
Proof of ownership of the domain name.
Business plan online casino containing financial statements.
An application for a license in duplicate, filed with the Estonian tax and customs services.
PRICE OF LICENSE ONLINE CASINO IN ESTONIA
The license fee of 47 934 € – for making a decision on the application.
The license fee for the coordination of the process – 31 956 €.
Additional charge for the creation of a tote – 3 196 € (if necessary).
casino – 5% profit;
lottery – 18% of the profits;
slot machines – depends on their number and the gaming platform presented.
Casinos that are located on sea transport, including foreign ones, under the Estonian flag, must also operate under a license;
the name of the games – with the prefix of the manufacturer;
on each site create a tab with information about the rules of the game, and contacts of the administrator.
You can quickly and easily apply for Estonian license using Eternity Law International. In addition, we offer to buy a ready-made, working, licensed gambling business in Estonia and start making a profit tomorrow.