Anjouan gaming license
With the ripe opportunity for entrepreneurs to venture into the profitable realm of gambling enterprises, a little-known yet impressive contender is the Anjouan gaming license. This jurisdiction remains a favorable destination for those who prioritize flexibility, an advantageous regulatory structure, and a speedy licensing process.
The major benefit of the Anjouan license is that it covers a large scope of activities under a single permit. Anjouan successfully balances between strict legal requirements on the one hand and the remarkably streamlined licensing process on the other. Ready to apply for an Anjouan gaming license? We’ll guide you through every step of your journey – from choosing the right business type to ensuring your license’s approval and ongoing compliance from day one.
Contents
- Perks of Acquiring an Anjouan Gaming License
- Expenses and Charges Associated with the Anjouan Gaming License
- Requirements for Obtaining an Anjouan Gaming License
- Process of Obtaining an Anjouan Gaming License on the Anjouan Island
- Types of Gaming Licenses in Anjouan
- Regulation of Gambling in Anjouan
- How Fintech Harbor Consulting Can Help in Getting an Anjouan Gaming License?
Perks of Acquiring an Anjouan Gaming License
Whether you’re a startup or entrepreneur in the expanding world of online gambling, going with the Anjouan jurisdiction for your gaming license is a great move. When you’re testing a concept or getting your new platform off the ground, there’s inherent risk involved. For this reason, many opt for the lower-cost licensing jurisdiction to get started. Working with an Anjouan gaming license provider will make this process smoother and more efficient for a number of reasons:
Low costs of license
One of the most significant draws of an Anjouan gaming license is its remarkably competitive pricing structure. Besides the cost-friendliness of the initial setup and first-year fees, the ongoing expenses related to your license maintenance and renewal are also considerably lower than in other jurisdictions. In order to get the most accurate breakdown of all the costs associated with the Anjouan gaming license, make sure to consult with our legal professionals.
Clear regulation and straightforward application process
What can be better than a smooth and simple application process when it comes to obtaining a gaming permit in Anjouan? That’s exactly what you get as you plan to launch your company and lawfully offer your gambling services in this jurisdiction. With the thorough assistance from our experienced lawyer team, the entire licensing process will take only around three months. The high speed of business incorporation and license issuance is ensured mainly by the transparent regulatory requirements established by the Anjouan Offshore Financial Authority (AOFA). As a result of remarkable clarity in registering and operating your company in this region contributes to a perception of efficiency and professionalism of your venture, fostering trust among both your player base and business partners.
No physical presence required
In today’s mainly digitally driven world, the ability to launch and grow your business remotely is a massive advantage. Anjouan provides such an opportunity, and a key perk of getting your gaming license here is the absence of a mandatory physical presence in this jurisdiction. This means you don’t need to establish a dedicated office space, hire the local staff necessarily, or incur the associated overheads of maintaining a physical office there. This policy significantly reduces the possible logistical complexities and enables you to engage in a truly global reach for your gaming business with ease.
Expenses and Charges Associated with Anjouan Gaming License
Setting up an Anjouan company and getting your gambling authorization here presents a quick and hassle-free process with our assistance. What is equally outstanding about choosing this jurisdiction for your business launch is that the license in Anjouan is incredibly cost-friendly. Nevertheless, the total fees for authorizing your venture with a gaming permit here depend on the business type you choose and other important factors. Aware of that, it’s highly advised that you cooperate with our experienced legal experts, who will explain to you all the details related to the setup and ongoing costs associated with it.
Engaging in our Anjouan gaming license consultancy will help you manage all the costs effectively. Here is the general breakdown of the fees you’ll need to consider as you proceed with your licensing:
- Setup and first-year expenses, such as annual compliance officer and key person authorization fee, management and assistance in your license, and others;
- Annual and ongoing fees, including the license renewal, due diligence, license maintenance, etc.;
- Additional corporate services, including but not limited to assistance in bank account opening, annual domain registration, active company registration, etc..
Setup and first-year fees
| Included services & features | Cost |
|---|---|
| Annual Anjouan Gaming License fees including initial setup fees and required ISP service for compliance backups. | From 17,000 EUR |
| Annual compliance officer / key person authorization fee | From 2,500 EUR |
| Legal fees for assistance with licensing | From 2,000 EUR |
| Initial annual compliance and due diligence fees up to 4 directors/shareholders/UBOs | From 3,000 EUR |
| Total: | From 24,500 EUR |
In order to calculate the annual fees and expenses for additional services, make sure to contact our legal experts.
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Requirements for Obtaining an Anjouan Gaming License
The basic requirements for registering a gaming venture in Anjouan include the following:
Company type
The most common type of company suitable for licensing in this jurisdiction is the Limited Liability Company (LLC) or International Business Company (IBC). Depending on the chosen jurisdiction – whether Costa Rica, Belize, or Anjouan – this company type will have different local names and corresponding abbreviations.
UBO and directors
Anjouan regulation requires at least one Ultimate Beneficial Owner (UBO) or director, without particular residency requirements for those positions. This allowance underscores the flexible and accessible nature of gaming regulation in Anjouan.
Registered address
While Anjouan is known for its flexibility when it comes to physical office space, it still requires applicants to establish a registered address within this jurisdiction. Why is it important? The address where you choose to register your business is perceived as a vital point of contact for official correspondence and regulatory oversight. It ensures that the Anjouan authority has a formal pathway to communicate with your gambling entity and uphold the standards of transparency and accountability. Altogether, it provides a pragmatic balance for operators to enjoy the opportunity of remote management while also fulfilling all the legal obligations in the jurisdiction.
Required documents
Here is what documents you’ll need to provide before proceeding with your company registration and license application:
- Passport copy;
- Proof of residential address;
- Curriculum Vitae (CV);
- Police clearance certificate;
- Bank reference letter confirming that the shareholder has been a client for 2 or more years.
After successfully registering your company in Anjouan, you’ll need to prepare the following documents for your next step – obtaining the license:
- Business plan;
- Proof of domain ownership;
- Compliant Know Your Customer (KYC) protocols, Anti-Money Laundering (AML) policies, Terms & Conditions (T&Cs), and responsible gaming;
- Random Number Generator (RNG) if applicable;
- Game/content provider agreements.
The set of mandatory documentation for corporate entities seeking to obtain a gaming license in Anjouan also includes the following:
- Incorporation certificate;
- Shareholder and director details;
- Financial statements;
- Investment/shareholding approval;
- Memorandum and articles of association.
Keep in mind that these lists of documents are not exhaustive, and additional information may be requested at various stages of your business incorporation and licensing process. Our legal professionals will assist you in your journey, ensuring the completeness of your application, full compliance with the requirements, and document preparation.
Process of Obtaining an Anjouan Gaming License on the Anjouan Island
One of the major benefits you get while getting your gaming license in Anjouan is the remarkable efficiency and clarity at each step of the process. How is that possible? The answer is simple: the regulatory obligations here are optimized, and the general bureaucracy is minimized to an extent that the entire licensing process usually takes just three months. To compare, in most other jurisdictions, it might take 6 months or even longer to obtain your gaming permit. Here is a step-by-step overview of the Anjouan gaming license registration and issuance from start to finish:
1. Company registration
The procedure begins with signing the service agreement. Once this is done, you can start preparing the necessary documents and application for your company registration in Anjouan. Since this stage requires precise attention to details and documentation excellence, it’s always a great idea to cooperate with professional consultants in this matter. Our experienced team of legal experts is here to guide you from day one of your licensing journey and assist you in choosing the right business type and license option, preparing all the paperwork, and opening your company in Anjouan.
Keep in mind that the type of your business you choose will affect both the total costs associated with your licensing and the incorporation timeline. Registering a business in this jurisdiction typically takes more than two weeks.
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2. License application
The next step is for you to register for an Anjouan gaming license. This includes preparing the complete set of required documents, according to your business type, and submitting them to the Anjouan Offshore Financial Authority (AOFA). At this stage, it’s important that you stay in touch with AOFA and are ready for its possible requests for additional information or documents if needed. We’ve also got you covered with effective communication with the regulator and keeping you updated on the progress of your application.
3. License issuance and maintenance
At last, once your application and documents are reviewed and approved, you will be issued your gaming permit. This is what you will receive in addition to your license:
- Certificate of incorporation and incumbency;
- Tax exemption certificate;
- Appointment of directors;
- T&Cs and KYC policies;
- Certificate of good standing and share certificate;
- Memorandum and articles of association;
- Government notice.
Also, according to the business type you chose earlier in the process, you’ll need to proceed with setting up a payment agent in Cyprus as well as the Payment Service Provider (PSP) connection and bank account opening for the payment agent, if applicable. To figure out whether these requirements apply to your company in particular, it’s highly recommended to consult with our lawyers, who will explain all the regulatory nuances to you. Finally, keep in mind that the gaming license in Anjouan is valid for one year and requires annual renewal for an additional cost.
Types of Gaming Licenses in Anjouan
Recognizing the thriving gaming industry in today’s world, Anjouan provides two core licensing models: Business-to-Consumer (B2C) and Business-to-Business (B2B). While both of them aim to guarantee the lawful operations of your business, yet they differ in their purpose. In particular, these two licensing models will further determine your project’s operational scope, pricing systems, regulatory obligations, capital requirements, and market access.
How do you know which one aligns with your company’s goals best? Contact us, and our legal experts will help you choose the right option and guide you through the licensing process step-by-step. We’ll introduce you to all the nuances of the license type you choose and assist you in maintaining your project fully compliant from day one. Here is what you need to know about the B2C and B2B licenses in Anjouan:
Business-to-Consumer (B2C)
This type of licensing allows business operators to offer their gaming services directly to their end-users. In other words, this type of license authorizes your venture to provide gambling services to individuals for their own purposes. In particular, this license applies to businesses that offer such services as online casinos, poker rooms, sports betting, and live dealer games. The overall regulatory standards are higher for this type of license as it prioritizes your business’s long-term good standing and dedicated compliance. In contrast to the B2B licenses, B2C involves more comprehensive regulatory requirements, including the following:
- Anti-Money Laundering (AML) policies;
- Know Your Customer (KYC) protocols;
- Responsible gambling;
- Player fund protection.
Why would you choose to go with this type of license? First of all, once you obtain this permit, you get to lawfully operate various online gambling platforms globally and with full regulatory approval. Most importantly, B2C allows your company to engage with players directly and across a wide range of eligible jurisdictions. This option is the golden ticket for those who aim to build a loyal customer base, effectively cultivate their own brand, and navigate the player’s entire journey from registration to payout.
Business-to-Business (B2B)
This license model is a perfect choice for companies that want to provide their services to other licensed businesses. Those might include other casino software providers, payment gateway services, and gaming infrastructure companies. What else distinguishes B2B from other types of licenses is that it has a generally less burdensome regulatory oversight. It flows from the fact that the holders of the B2B permit do not directly handle the players’ funds. Instead, its major focus is on the gambling fairness, compliance with the stringent technical standards, and the overall software integrity.
How can this license sustain your company’s growth? This model allows your venture to stay dedicated to technological innovation and avoid the complexities related to your player acquisition. Businesses that choose the B2B license manage to reduce the possible regulatory risks and enjoy the flexible approach which often begins with the B2B license before they expand into the B2C operations. In short words, choosing this permit is a strategic entry point for your project from where you can further upgrade into the B2C-type of marker relationships with your clients.
Why is the B2B model the right choice for you? This license legitimizes your venture for collaboration with certified operators worldwide. It means that you partner with fully licensed and trustworthy businesses which helps your project establish credibility in today’s competitive gaming industry. As a result, this permit upgrades your reach to the broader markets and become a reputable partner in the evolving global gaming ecosystem.
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Regulation of Gambling in Anjouan
Looking to launch your gaming venture and Anjouan and secure the proper licensing for it? Great choice! The first crucial step is to make sure you understand the key principles of the gambling regulation in this region. Overall, the gaming activities in the jurisdiction are overseen by the Anjouan Offshore Financial Authority (AOFA). It means that, in order to secure your license here both now and in the years to come, you’ll need to keep your company fully compliant with the AOFA’s standards.
Here are the major regulatory principles you should know about before applying for the gaming license in this jurisdiction:
Permitted activities
The Anjouan licensing provides a streamlined and widely recognized path to operate a diverse range of services, including but not limited to the following:
- Casino games;
- Sports and esports betting;
- Poker and card games;
- Lotteries;
- Bingo.
Important note: The gaming license in Anjouan is not valid for operations targeting customers in these regions:
- Australia
- Austria
- Comoros
- France
- Germany
- The Netherlands
- Spain
- The United Kingdom
- The United States
- All countries blacklisted by the Financial Action Task Force (FATF)
- Other jurisdictions that have been deemed prohibited by the Anjouan Offshore Financial Authority (AOFA).
Corporate and tax regime
1. Corporate tax rate:
- 0% for IBCs engaged in international business in Anjouan;
- 0% for business registered in Costa Rica;
- 0% for business registered in Belize;
- Important note: The corporate and tax regime refers to the legal entity setup and not to the gaming license itself;
2. No withholding tax: It applies to dividends, interest, and royalties paid to non-residents;
3. No capital gains tax;
4. No inheritance or estate tax.
How Fintech Harbor Consulting Can Help in Getting an Anjouan Gaming License?
With extensive experience in securing various types of licenses, we offer customized legal solutions to companies seeking to provide their gaming services in Anjouan. Our lawyer’s team at Fintech Harbor Consulting delivers end-to-end support with your licensing journey in this and other globally recognized jurisdictions and is ready to assist you in keeping your venture fully compliant and secured with a valid license in the years to come.
Are you wondering how to handle all the documentation and application details? We’ve got you covered with our comprehensive legal guidance and proactive approach to the regulatory nuances. Worried about the expenses associated with your gaming permit? With your best interests in mind, we’ll make sure that you receive the most accurate price breakdown with no hidden fees and benefit from Anjouan’s friendly tax regime. We are glad to guide you through every step of your business incorporation and the further license maintenance to let your company successfully expand and hold a strong foothold in today’s constantly changing market.
FAQ
What are the qualifying criteria for an Anjouan Gaming License?
So you`ve chosen Anjouan as the jurisdiction for your new Gaming company, the next step is to consider applicable licensing requirements. There is a standard onboarding procedure during which individuals are required to ascertain who they are, what they intend to do, where they live, where their funds are coming from, etc. The Anjouan authorities will also need to carry out such due diligence on you and your organization before they are in a position to issue your online gambling license. In addition to the aforesaid, they will also require a fit and proper test and need to be satisfied that you are a person of good conduct – that means they will need a police conduct report from your country of origin that confirms that you’ve no criminal record.
How lengthy is the application procedure for an Anjouan Gaming License?
The Anjouan gaming license application process generally consists of a number of stages, which may vary in duration depending on the completeness of the application dossier and the efficiency of regulatory processing. Nonetheless, with thorough preparation and observance of regulatory guidelines, it is possible to expedite the process and obtain an Anjouan gambling license within a reasonable timeframe. In general, the process may take up to 3 weeks.
What are the regulatory and reporting duties for gaming entities holding an Anjouan Gaming License?
In Anjouan, companies holding a gambling license are not subject to mandatory audits, although they must agree to third-party audits of their gaming systems, so it is clear that companies are not able to operate without meeting strict local regulatory requirements including stringent anti-money laundering (AML) protocols and player protection controls that ensure that these companies can be trusted as they participate in the gambling industry.
