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The iGaming and IGambling Industry in Malta

Nowadays, Malta has become a leading regulator and trendsetter in the field of IGaming service remote management and distribution. According to research, the gaming sector is the third-largest branch of economic activity. It results in a positive influence on the employment level among the population (over seven thousand full-time positions). Thanks to its well-thought-out and multicomponent approach to maintaining online gaming jurisdiction, it is considered a beneficial environment for start-ups and various entities with a globally recognized reputation.

Certification of the Malta Gaming Solutions

The Malta Gaming Authority (briefly, MGA) is a responsible party for regulating the development and spread of the gaming industry in this region. Without their approval, it will be impossible to get a legal and sophisticated in rights gaming license. Besides, this organization is a so-called supervisor, engaged in checking how reliable service providers are to ensure the end users access the best offers only.

Accompanied by the Maltese government, the MGA is aimed at turning a jurisdiction system to the needs of today. Thus, the gaming environment in Malta is not only gaining momentum on the international market, but also keeps on evolving and setting high standards of quality in the industry. In 2019, the organization under consideration issues more than three hundred licenses, and this tendency is to continue its growth exponentially in the upcoming future as well.

An All-Inclusive iGaming Vendor in Malta

With the help of the Consultancy Company VERITAS JUS qualitative back-up, it is not a problem even for a giant online gaming enterprise with large databases to relocate their service distribution center. Our experts offer a 360-analysis of operator’s activities to implement them into a new market niche. Apart from incorporating a separate company in the region, we render support during all the duties connected with finance and banking affairs, tax policies, and receiving a locally verified license. This is possible due to our cooperation with the MGA. Taking into account how divergent customers’ objectives can be, our deal benefits every client with an individual-oriented approach — our specialists will find a satisfactory solution for your request.

Maltese Kinds of Online Gaming Business Licenses

In general, there is a subdivision of two major license types in Malta — B2C and B2B. The first one is known as the gaming service license and involves four subcategories. It will suit those enthusiasts who are interested in settling or presenting their solutions to the audience. The second option is also called as a Critical Gaming Supply license, and its name is self-explanatory in this regard.

The Consultancy Company VERITAS JUS will come in handy in determining which type is the right choice and will allow interested parties to distribute the desired range of games — from virtual sports entertainment to roulettes. In turn, the remote process of submitting for a license is simplified — our experts will keep an eye on your inquiry progress, ensuring the quality of documentation provided complies with the MGA requirements. Moreover, we can act on your behalf in the role of a physically assigned responsible individual to proceed with the prescriptions by the Authorisations and Compliance Directive.

Gaming License Fees and Tax Incentives in Malta

Of course, achieving a Maltese gaming license of the corresponding kinds will require customers to make certain investments. Since the operation takes part remotely, the VERITAS JUS representatives are always there to keep you updated and well-informed about the crucial tax policies. The Malta gaming region is beloved for its benefits for businesses. We do our best for our clients not to miss the present advantages and therefore to leverage your tax position.

Key Function Services

Along with assigning responsible parties to control your gaming performance under the terms and conditions of the chosen license in Malta, an organization seeking for representing there services on the local market is obliged to stick to the following requirements:

  • Your gaming system has to function in compliance with the MGA recommendations, so you have to prepare reports and reviews to confirm its flexibility and versatility. Our services include IT maintenance and auditing for this need.
  • Regulatory compliance is a must-have step. If you doubt you can flawlessly fulfill the requested obligations on your own, don’t hesitate to get a consultation from our experts.
  • Searches for a proper real estate won’t be extra either since you have to prepare a qualitative residential and commercial environment for your brand. VERITAS JUS is always ready to investigate the market of sale-and-rent deals on favourable terms. Besides, our field of activities involves sourcing of the soulmate stuff for your brand. The recruitment process takes into account how skillful and professional potential candidates are in the iGaming industry in the shortest time frame possible.
  • Your organization will have to deal with all the finance and banking operations, either online or offline. Our 360-degree approach will help you create a solid EU-based solution with convenient and trustworthy payment methods and pricing policies.

Jurisdiction Framework under the MGA-Approved License

The MGA operates on the base of a three-tier legislative framework. Firstly, the organization is connected with the Malta Parliament and creates a room for industrial development. The regulatory authority can be established only when the Parent Act is verified by government representatives. Secondly, outlining direct instructions on modifying current iGaming terms and regulations is held with the help of the Malta ministry. Last but not least important, preparing and introducing directives via the MGA communication place is necessary to back-up the connection with the technological innovations and their timely implementation.

A professional assistance is a lifesaver — it helps ensure all the details are paid attention to. For instance, if you would like to complement your operation by introducing VFA and DLT technologies (what is prescribed by the MGA norms), applying for the VERITAS JUS services won’t be an obstacle for your non-stop performance. For more details, feel free to contact us directly via veritaslaw2009@gmail.com.

18.04.2021
Назад
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