If you want to apply for a Maltese internet sports betting license, you should contact one of our company formation agents in Malta. We are at your disposal with legal advice and support in this endeavor. Our specialists can tell you more about online betting in Malta and the formalities involved in the process of obtaining a license.
Licenses for online gaming in Malta
According to the Maltese Lotteries and Gaming Authority (LGA), there are four classes of licenses available to operators running remote gaming businesses:
- • class 1 licenses are for operators who are in charge on their own risk of repetitive games, such as casinos and online lotteries. This type of operators is allowed to obtain a “class 1 on 4” license that enables them to manage games with software according to class 4 licenses.
- • class 2 licenses are for operators who administrate online gaming operations on outcomes based on matchbooks. Class 2 licenses are used in fixed odds betting.
- • class 3 licenses are for enterprises operating on commission from encouraging betting games. These licenses are usually employed in peer-to-peer gaming, online poker, betting and lotteries. These operators are also allowed to obtain “class 3 on 4” licenses for running gaming software on their machines.
- • class 4 licenses are for gaming software retailers that want to offer maintenance and hosting services on their platforms.
- • Online gaming licenses are granted for a five-year period and operators are required to have their headquarters in Malta.
More about Maltese bet and the requirements for obtaining the necessary license can be offered by one of our local specialists. We can tell you more about sports betting in Malta and about how to start a business in this sector.
Taxation of online gaming in Malta
The tax rate for chargeable income in Malta is 35% but great reductions are also available. But due to the Maltese full imputation system, shareholders who receive dividends payments can ask for refunds that go up to 6/7 of the taxes paid to the Maltese authorities. For interests and royalties, shareholders can ask for up to 5/7 of the tax.
Online gaming benefits from special taxation and the following information might help you understand:
- • Gaming revenue generated from resident players in Malta is levied at 5% gaming tax.
- • Annual revenues that do not exceed EUR 5 million are subject to a fee of EUR 25,000.
- • A fixed annual license fee is set at EUR 25,000 and it is not refundable.
- • A compliance contribution rate of 1,25% is applicable to Type 1 gaming services and for every EUR of the first EUR 3 million.
We can offer more details about online betting in Malta and the ways in which you can start a business in this sector.
Information about online betting in Malta
When you want to activatein the Maltese bet sector and more precisely implement sports betting platforms, it is good to make sure that online payments are made completely safe. Users must have access to various types of payments, with a debit or credit card, but also with a virtual wallet. They must have instant access to transactions and funds they have on various sports betting platforms. Here are other options that should be at hand for users who prefer sports betting in Malta:
- • The possibility to bet on exclusive matches, with a live match tracker.
- • The sports betting platform in Malta should cover all sports, as well as live events, to be able to bet online, in real-time.
- • The possibility to access complete information about a sporting event.
- • Offering bonuses and promotions for loyal users.
- • Mobile-friendly platforms, easy to navigate.
- • Complete information about the use of the sports betting platform in Malta, as well as about litigation cases.
- • Customer care service at the users’ fingertips.
- • Best practice recommendations for those interested.
Considering these aspects, you can easily open an online betting business in Malta. It is important to apply for the necessary license and to align yourself with the regulations imposed by the authorities in this field. We specify that you can rely on one of our company formation agents in Malta if you want to apply for a Maltese internet sports betting license.
Advantages offered by the Maltese gaming license
Without a doubt, a company cannot operate in the gaming market without the necessary license. In addition, there are serious controls carried out by the authorities, in order to eliminate money laundering and related aspects. There are a number of advantages to obtaining a Maltese gaming license, and among them, we mention:
- • Credibility in front of the players is much greater when they discover that the respective online betting platform in Malta has a license.
- • Users can be guaranteed that the betting platform they access is not involved in illegal games.
- • The Malta Gaming Authority has a reputation throughout the world, so the Maltese bet gaming field is carried out in full accordance with the legislation in force, offering safety to all players.
- • Businesses active in sports betting in Malta are checked periodically, so this represents another advantage for users.
- • The Malta gaming license shows trust above all, so platforms of this kind can be accessed without risk.
- • Digital gaming companies in Malta have a qualified workforce.
If you want more information about Maltese bet sector or how to set up a business in the gaming sector, we recommend that you get in touch with one of our company formation agents in Malta.
Why start a business in the gaming sector in Malta
The largest online gaming operators are found in Malta, and the country is recognized as an advantageous jurisdiction for those who want to expand their portfolio and enjoy consistent profits in this field. Gaming licenses in Malta can be obtained easily, even if the formalities may seem quite complex. The Malta Gaming Authority issues the necessary licenses, after a series of rigorous checks, to ensure transparency and trust above all, and this provides security for those who want to be active in this profitable sector.
If you want to set up a businessin the gaming field in Malta and you need a license in this sense, you may contact our company incorporation agents in Malta.