Malta Gaming License 2024 Gofaizen Sherle

Malta gaming license

Malta is one of the world's leading regulated gambling markets. Despite the stringent regulatory requirements and the higher costs of opening a gaming license in Malta than in Curacao or the Isle of Man, it is an ideal solution for large companies wanting to enter the EU market. Gofaizen & Sherle will help you navigate the entire licensing process smoothly and provide professional support for guaranteed results.

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Malta is one of the largest and most respected regulated gambling markets in the world. The Malta Gaming Authority (MGA) issues licenses for a wide range of gambling activities, including online casinos, sports betting, horse racing betting and poker.

To obtain a Maltese gaming license, operators must meet strict requirements in terms of financial reliability, data security, player protection, and game fairness. The MGA also requires operators to adhere to a strict risk management system aimed at protecting players from gambling problems.

The Maltese gaming license is considered one of the most prestigious licenses in the gambling industry. The license gives operators access to a huge player market from Europe and the rest of the world, increasing player confidence in the operator and its games.

Depending on your needs, you can open one or more of the existing licenses: B2B (for game developers and software providers), B2C (for online casinos and other gambling operators). Each license is valid for 10 years.

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More information about Malta gaming licenses

Advantages of a Maltese gambling license

Prestige and respect Malta's online gaming licenses are recognized as the most prestigious in the world, earning high respect and trust from players and partners.
Trust and trust from players Malta is renowned for its strict, yet fair and transparent regulatory standards, giving players confidence in the integrity and safety of their gambling platforms.
Tax benefits Malta's tax credit system reduces the effective tax rate to 5%, making Malta one of the most attractive countries and territories for gambling.
Political and economic stability As an EU member state, Malta is politically and economically stable, making it an ideal platform for the development of gambling businesses.
Double tax treaties More than 70 double tax treaties allow companies to avoid additional tax obligations.
Companies that have acquired the aggressive promotional gaming license in the international market can actively enter the international market due to the awareness and reliability of regulatory authorities.
The advantageous regulatory environment Malta is constantly improving gambling laws, contributing to creating an advantageous environment for gambling business growth and development.
Infrastructure has an infrastructure that supports the gambling industry, such as stat e-o f-th e-art communication networks and data centers.
The government's support Malta government supports the gambling industry and provides gambling providers with several benefits, including tax incentives and market access.

Disadvantages of a Malta gambling license

Malta's casino gamble license is one of the most authoritative and respected licenses in the world. Malta's casino licensing is one of the most authoritative and respectful licenses in the world, providing hig h-level protection, safety and security to players and operators. However, acquiring Malta's license requires complicated and long processes, and there are some disadvantages. For example, Malta is famous for its high levels and strict regulation management, so complicated, tim e-consuming verification and approval procedures are expected. In addition, it may take four to six months from application to license, and if you want to rush into the market, you may face difficulties.

Requirements for obtaining a Maltese gaming license

To get a Malta gaming license, the operator needs to meet the following requirements:

Be registered in Malta.
The company is registered in Malta, and has not been investigated illegal gambling.
There is enough capital to do gambling activities.
There is a strong infrastructure to prevent players' safety and injustice.
A risk management system that meets MGA requirements.
It has a system that guarantees the privacy of the player and a system that protects from money laundering.
Being audited by regulatory authorities.
A considerable part of the gambling business must be located in Malta, which includes offices, servers and other infrastructure in Malta.

How to Start a Gambling Company in Malta

To get Malta's online gaming license, you need some steps starting with a prior preparation and registration of a local subsidiary. The following is the main procedure:

Establishing a local company

The first step is to establish a Malta company. This procedure takes up to three months and can be delegated to a lawyer by a power of attorney.

Selecting and reserving a company name

You need to check the availability and book a valid company name for 3 months.

Organizing the office and registered office

Find an office space and set a registration address in Malta to contact Malta authorities.

Recruit a team

Recruit directors, secretary, and specialists to prevent money laundering.

Open a bank account

Open a company's financial transaction account in a local bank.

Contribute equity capital

Remove the minimum capital required for gaming activities.

Pay the registration fee

Pay a company registration fee. The amount varies depending on the company's stock capital (245-1, 750 euros).

Filing the documents with the MBR

Submit the application form to the Malta Business Register (MBR) along with the required documents, including the memorandum, the articles of incorporation, the copy of the passport of the shareholder and the director, the BO1 form, and the documents proving the transfer of the address of the office and the stock capital.

Registration with the tax authorities

After receiving a certificate of establishment of a company from MBR, register the company at the Revenue Agency (CFR) for taxation.

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Malta's gambling lawyer

Senior Associate, Business Development Manager

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Senior Associate, Sales Manager (FX and Igaming)

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Overview of Gambling license in Malta

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License processing period	Six months
License application fee	30, 000 EUR
Minimum required capital	100, 000 euros
Taxation on profits	1%
employee	can be
Office requirements	Legal address

Types of Gambling Licenses in Malta

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Operators can get one of Malta's gaming license:

Game Platform Operator Game Developer license or key software provider license (B2B) This license is issued to a game developer or a key software provider that provides products to the game platform operator.
Online gambling operator license (B2C) B2C license allows gambling operators to provide a wide range of games such as slots, poker, roulette, baccarat, keno, and bingo.

With B2B and B2C licenses, game developers and major software providers can provide products in other markets in which Malta and Malta gambling licenses are valid.

Obtaining a gambling license in Malta

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MGA offers fou r-class gambling licenses to provide operators with flexibility and diversity. Operators can determine which license category is the most suitable for your own needs and strategic goals:

Class 1 class 1 license is intended for operators that provide various gambling games that are randomly determined using generators, such as casinos, poker, and bingo. License holders in this class can distribute games in both the Malta Market and the MGA license.

Stock capita l-from 100, 000 euros

Annual license fe e-from 15, 000 euros

Class 2 This license is for operators that provide limited gambling games, such as Sports Betting, where victory or losing is affected by competition results. This license holder can also provide games in other areas that approve Malta and MGA license.

Capital amoun t-100, 000 euros

Annual license fe e-from 25, 000 euros

This is an option for operators that provide a gambling platform in which class 3 players play against each other. The operator receives the percentage of commissions or beds. Example: Betting Exchange, Poker Room, Online Bingo, etc.

Stock capita l-from 40, 000 euros

Annual license fe e-from 25, 000 euros

A license for companies that provide gambling management and hosting, including class 4 platform providers. This license is about B2B, and it is necessary for companies that manage and operate gambling on behalf of other companies.

The capital is from 40, 000 euros.

Annual license fe e-from 5, 000 euros

Regulation of Gambling in Malta

The Malta Gambling Agency (MGA) functions as a sel f-government gambling regulation authorities in Malta. Established in 2001, it has been proven to be one of the most appreciated and respected gambling regulations. Many countries and regions have established regulated organizations based on the law of MGA, and to supervise the operator's transparency and perfection, and the protection of patients with gambling and minors. It can be said that the principle of is being alive. MGA is one of the first ranges that promises to secure money laundering and terrorism in the gaming industry by compliance with EU money laundering and terrorist funding.

MGA has issued a license to gambling operators that provide services in Malta and overseas. In addition, MGA supervises operators and guarantees the gambling method.

The MGA mission includes the following:

Protect the interests of players from fraud and misconduct.
Guarantee sincerity and transparency in the field of gambling.
Promotion of responsible gambling acts
Building Malta's positive image as an important gambling center.

The MGA has the powers to:

Issue and revoke licenses to gambling operators.
Control the activities of gambling operators.
Enforce sanctions against operators who breach the law.
Cooperate with other gambling regulators
Ensure fair and transparent activities of gambling operators.
Control money laundering and terrorist financing.
Oversee fair marketing strategies of companies.
Respond to player complaints and assist in dispute resolution.

Thus, the MGA plays a vital role in regulating gambling in Malta. Its work ensures a safe, fair and transparent gambling environment, which in turn enhances player confidence and Malta's reputation in the international gambling community.

Taxation in Malta

Companies in Malta are required to pay corporation tax at a rate of 35%. However, the Maltese government also offers a deemed settlement scheme that can reduce the effective tax rate to 5%.

The deemed settlement scheme is a scheme in which a company deducts dividends from the amount of corporation tax paid. The most common tax credit rate is 6/7, which results in an effective tax rate of around 5%. The effective tax rate depends on the specific circumstances of the company.

Additionally, the Maltese government imposes a gambling tax on revenues derived from players resident in Malta. This tax rate is set at 5% and must only be paid by B2C licensees. Revenues derived from players outside Malta are not subject to this tax.

License Fees

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The Gambling License Fee Regulation stipulates that each gambling license holder in Malta must pay a compliance fee on a regular basis. This fee is paid for each license period. In addition, there is an annual fixed license fee, which is non-refundable and is paid in advance for one year from the date of license acquisition and annually thereafter for the duration of the license.

The annual license fee, if paid promptly, is non-refundable and is assessed according to the type of license:

Types of Gaming Service License

1-3: €25, 000.
4: €10, 000.

Critical Game Support License (for operators engaged in the supply and management of physical gaming elements):

For annual revenues of up to €5 million: €25, 000.
For annual revenues of up to €10 million: €30, 000.
For annual revenues exceeding €10 million: €35, 000.
For Type 4 licenses: €10, 000 regardless of annual revenue.

For companies supplying and managing gaming and regulatory software:

In the case of an annual income of 1 million euros or less: 3, 000 euros.
If the annual income is 1 million euros or more: 5, 000 euros.

Compliance Audits in Malta

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In order for Malta gaming companies to get approval to start business, we must take some important steps. First, the company must be tested and technical audits. This includes the operation of the system in a managed environment, and the company is given 60 days.

In the last two months, the company must start a syste m-independent analysis.

In this analysis, the actual operation environment is audited and compared with the data described in the business plan or application form. If it turns out that the actual business environment is very different from the originally proposed proposal, the application procedure must be started again.

In addition, the gaming platform itself and an online casino organization must be conducted. The criteria for this audit are determined by the Malta Gambling Agency (MGA) and local law. Compliance audits are conducted not only during initial audits, but also during the license's validity period at a regular and MGA request.

Conclusion

Malta's online gaming license is not cheap, there are strict requirements, and opening it takes a long time and difficulties. However, there are several advantages, such as strengthening the protection of players and operators, increasing partnership opportunities, and entering a new market.

Please leave it to a company that is considering the operation of a gambling business in Malta, a Goffaizen & Shell Law Office. A lawyer in our office, who has a wealth of experience in this field, will guide you through the entire application process, guaranteeing the reliable results.

How to get an online gambling license in Malta 2024

The online gambling license from the Malta Gambling Bureau is highly valued by operators, but it is not easy to get it. The worl d-famous license gives an unmatched legitimacy on the online gambling platform, but passing a bureaucratic process is by no means smooth sailing. Read how Slotegrator's jurisdiction and business advisory services will open up your casino to acquire the most recognized license in the industry. < SPAN> In the case of an annual income of 1 million euros or less: 3, 000 euros.

Online gambling licensing and regulation in Malta

If the annual income is 1 million euros or more: 5, 000 euros.

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In order for Malta gaming companies to get approval to start business, we must take some important steps. First, the company must be tested and technical audits. This includes the operation of the system in a managed environment, and the company is given 60 days.
In the last two months, the company must start a syste m-independent analysis.
In this analysis, the actual operation environment is audited and compared with the data described in the business plan or application form. If it turns out that the actual business environment is very different from the originally proposed proposal, the application procedure must be started again.
In addition, the gaming platform itself and an online casino organization must be conducted. The criteria for this audit are determined by the Malta Gambling Agency (MGA) and local law. Compliance audits are conducted not only during initial audits, but also during the license's validity period at a regular and MGA request.

Why should you get a license in Malta in 2024?

The online gambling license from the Malta Gambling Bureau is highly valued by operators, but it is not easy to get it. The worl d-famous license gives an unmatched legitimacy on the online gambling platform, but passing a bureaucratic process is by no means smooth sailing. Read how Slotegrator's jurisdiction and business advisory services will open up your casino to acquire the most recognized license in the industry. In the case of an annual income of 1 million euros or less: 3, 000 euros.

If the annual income is 1 million euros or more: 5, 000 euros.

Request transmission

In the last two months, the company must start a syste m-independent analysis.

How do you get a license in Malta?

Fit and proper check

Business planning check

Operational and statutory requirements check

Malta became the first EU member state to fully embrace online gambling by passing the Remote Gaming Regulation in 2004, and the Lotteries and Gaming Authority (which changed to the Malta Gaming Authority in 2015) quickly built a reputation as a leading licensor and regulator for the online gambling industry. With a hospitable government, a thriving technology and business sector, Malta has established itself as an international axis for iGaming.

The MGA offers both B2C licenses to organize gambling activities and B2B licenses to provide gambling services. B2C licenses are divided into four classes depending on the form of gambling that the operator wants to offer:

Class 1 allows operators to host games of chance where the outcome is determined by a random number generator (RNG).
Class 2 allows operators to operate games of chance where the outcome is determined by the outcome of an event (sportsbook).
Class 3 allows operators to host games of chance (such as poker) that earn revenue through commission based on wagers or winnings.
Class 4 allows operators to organize controlled games of skill where the outcome is determined by aggregated statistical performance (fantasy sports).

Malta's licensing and regulatory framework was revised in 2018 with the introduction of the Gaming Act 2018. The regulatory restructuring means that operators no longer need to submit new individual license applications. Instead, they can add additional classes of games to offer without going through the licensing process again. The validity period of licenses has also been extended from five to ten years.

System review

If iGaming has a home country, it is Malta.

Compliance review

The iGaming industry is a large part of the Maltese economy. According to a report by the National Statistics Office, the total value added of Malta's gambling industry increased from EUR 510 million in the first half of 2021 to EUR 573 million in the first half of 2022, accounting for 8% of the economy's total GVA. Moreover, the sector symbolizes the important role gaming plays in Malta, and in fact, it is the third largest private sector industry in the country.

Perhaps in recognition of the value of the industry, the Maltese government is one of the most gambling-friendly countries in the world. A 2018 regulatory restructuring simplified the licensing regime, streamlined the tax system to avoid double taxation, and abolished gaming taxes. However, the tax relaxation has never come to the Maltese government's throats. In 2019, the gaming industry generated €80 million in compliance contributions, license fees, levies, and excise duties. Simply put, the Maltese government's hospitality towards the iGaming industry has created a satisfying win-win for both companies and the authorities.

Despite the number of big names that have set up shop on this small Mediterranean island, there is still plenty of room. The MGA's pro-business stance ranges from the heights of the industry to gritty entrepreneurs. Monthly compliance contributions, which vary with revenue, are waived for the first 12 months of licensed start-ups if they meet certain criteria, such as being less than five years old and generating less than €10 million in revenue.
Malta is also home to SiGMA, one of the largest and most important annual events in the global iGaming industry. A combination of leading industry speakers, an ever-growing exhibition, and networking events where you can meet potential new partners face-to-face attracts thousands of delegates and affiliates every year.
Alongside companies and conferences, there is also a highly trained workforce on offer. The prospect of meaningful employment attracts many talented professionals, making Malta the perfect iGaming environment. Job opportunities directly related to the gaming industry accounted for more than 7, 000 full-time jobs in 2019, and if you consider all jobs related to the iGaming industry, the number rises to 11, 000, more than 4. 5% of the country's workforce.
The MGA's international reputation goes beyond legitimacy in the eyes of players (although that is reason enough for some operators). For example, the MGA is "whitelisted" by the UK Gambling Commission, allowing MGA licensees to advertise in the UK market. The MGA also has bilateral agreements with many other regulators, often cooperating in areas such as information sharing, although it varies from case to case.

The price of a Maltese license

MGA is thoroughly determined to determine which applicant meets the license standard. The judging process is the same as the gold that gives trust to players around the world, and the MGA words that the operator can be trusted is the same as gold.

There are several stages of applying.
As the first stage, MGA evaluates all information on the client's financial and management. MGA conducts surveys with international regulatory organizations and law execution agencies. The background of shareholders and main characters is investigated and confirmed.	When the application is appropriate, MGA will conduct detailed and thorough surveys on the applicant's business plan, including marketing, human resources, management forecasts, and financial outlooks.
When the reliability of the applicant and the feasibility of the business are established, the MGA will judge the established documents, industries, trading conditions, policies, and procedures.	MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:
Type 1 to 100, 000 euros
As the first stage, MGA evaluates all information on the client's financial and management. MGA conducts surveys with international regulatory organizations and law execution agencies. The background of shareholders and main characters is investigated and confirmed.	When the application is appropriate, MGA will conduct detailed and thorough surveys on the applicant's business plan, including marketing, human resources, management forecasts, and financial outlooks.
Type 40-40, 000 euros	MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:

When the first three stages are completed, the applicant will be notified that the application has been approved and will be invited to "operate in a technical environment." A qualified system auditor who has been approved by the MGA and selected by the operator conducts a system audit and checks if the casino is operated as proposed in the application. The casino should be operated almost the same as the outline business plan, and if not, the applicant must resubmit the application. Once the process is certified, the applicant is given a 1 0-year license.

Within 90 days after this operation, the business operator must have the MGA recognized compliance auditors judge the project.
We provide consulting services for gambling license acquisition and complete package solutions including the following:
As the first stage, MGA evaluates all information on the client's financial and management. MGA conducts surveys with international regulatory organizations and law execution agencies. The background of shareholders and main characters is investigated and confirmed.	When the application is appropriate, MGA will conduct detailed and thorough surveys on the applicant's business plan, including marketing, human resources, management forecasts, and financial outlooks.
Opening a bank account	MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:
There are several stages of applying.
As the first stage, MGA evaluates all information on the client's financial and management. MGA conducts surveys with international regulatory organizations and law execution agencies. The background of shareholders and major people is investigated and confirmed.	When the application is appropriate, MGA will conduct detailed and thorough surveys on the applicant's business plan, including marketing, human resources, management forecasts, and financial outlooks.
When the reliability of the applicant and the feasibility of the business are established, the MGA will judge the established documents, industries, trading conditions, policies, and procedures.	MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:
Type 1 to 100, 000 euros	Type 2-00, 000 euros
Type 3-40, 000 euros
Type 40-40, 000 euros	Licensee bears the equal capital of 240, 000 euros per license.
When the first three stages are completed, the applicant will be notified that the application has been approved and will be invited to "operate in a technical environment." A qualified system auditor who has been approved by the MGA and selected by the operator conducts a system audit and checks if the casino is operated as proposed in the application. The casino should be operated almost the same as the outline business plan, and if not, the applicant must resubmit the application. Once the process is certified, the applicant is given a 1 0-year license.	Within 90 days after this operation, the business operator must have the MGA recognized compliance auditors judge the project.

We provide consulting services for gambling license acquisition and complete package solutions including the following:

Gambling jurisdiction and business advisory

Established Gambling Business Corporation

Table of license fees for supplying and managing the material elements of a game

Opening a bank account	Gambling license application MGA is thoroughly determined to determine which applicant meets the license standard. The judging process is the same as the gold that gives trust to players around the world, and the MGA words that the operator can be trusted is the same as gold.
There are several stages of applying.	When the application is appropriate, MGA will conduct detailed and thorough surveys on the applicant's business plan, including marketing, human resources, management forecasts, and financial outlooks.
When the application is appropriate, MGA will conduct detailed and thorough surveys on the applicant's business plan, including marketing, human resources, management forecasts, and financial outlooks.	MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:
MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:	Type 2-00, 000 euros
Type 2-00, 000 euros	MGA checks the applicant's financial reserve. The required amount of payment depends on the type of license:

License fee for the supply and management of software

Opening a bank account	Gambling license application MGA is thoroughly determined to determine which applicant meets the license standard. The judging process is the same as the gold that gives trust to players around the world, and the MGA words that the operator can be trusted is the same as gold.
When the first three stages are completed, the applicant will be notified that the application has been approved and will be invited to "operate in a technical environment." A qualified system auditor who has been approved by the MGA and selected by the operator conducts a system audit and checks if the casino is operated as proposed in the application. The casino should be operated almost the same as the outline business plan, and if not, the applicant must resubmit the application. Once the process is certified, the applicant is given a 1 0-year license.	Licensee bears the equal capital of 240, 000 euros per license.
Type 1 to 100, 000 euros	Within 90 days after this operation, the business operator must have the MGA recognized compliance auditors judge the project.

Established Gambling Business Corporation

Opening a bank account

How does the Malta online gambling license* compare to the Isle of Man?

Gambling license application

When applying for or renewing a license, applicants must pay a number of administrative fees. License fees are charged annually and may change over time. Currently, the license fee for the first year is as follows:~Gaming Service License (B2C)

Non-refundable fixed annual license fee

€25, 000

What are the risks of skipping the online gambling license?

Non-refundable fixed annual license fee for operators offering only gaming services B2C (type 4)

€10, 000
Gaming Supply License (B2B)
Non-refundable fixed annual license fee
€25, 000
Non-refundable fixed annual license fee (back office)

€10, 000

Malta online gambling license FAQs

The license fee for the remaining years is calculated as follows:

Annual Gaming License Fee

Fixed Annual License Fee - Gaming Service License (B2C)

Non-refundable fixed annual license fee

€25, 000

What else do you need for a successful online casino business?

1. A branded platform

Non-refundable fixed annual license fee for operators offering only gaming services type 4

2. World-class games

€10, 000

3. Reliable payment processing systems

Fixed Annual License Fee (B2B)

4. Don’t forget the sportsbook

If annual revenue does not exceed €5 million

How can Slotegrator help you get licensed in Malta and get your business started?

€25, 000

If annual revenue exceeds €5 million but not exceeding €10, 000, 000

€30, 000 If the annual revenue exceeds €10, 000, 000

€35, 000

Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

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