Comoros gambling license
The gambling business develops rapidly and is considered one of the most profitable activities in the world. As we can see, the number of players grows every year. New establishments are opened for betting, and investments increase. If you are looking to start a gambling business, you may want to apply for a Comoros gambling license.
You must invest money and get a license to start your project. All jurisdictions of the world follow this rule and strictly monitor if registered businesses adhere to its terms and conditions.
Why Choose Comoros for Your Gambling License
Receiving permission is the only way to operate legally. In addition, it increases the popularity of online casinos because companies with authorisation are associated with safety and reliability.
Gambling permits are issued in many jurisdictions, but the most popular lately is Anjouan, Comoros. There is more flexibility than in more well-known jurisdictions such as Curacao or Malta.
For example, to get a Comoros gambling license, your company’s servers do not have to be located in the territory of its jurisdiction, which is a significant advantage.
Comoros legislation pays particular attention to the development of its offshore activities. They adopted new laws, regulating a dynamic approach and aiming to ensure maximum security in transactions and the fight against illicit money laundering activities.
This included the law on gambling, which allows the registration of land-based and online casinos in the country.
Currently, Anjouan has an effective customer-oriented financial policy. Also, the government attracts foreign experts in the field, who can help to develop the sector further.
Benefits of Obtaining a Comoros Gaming License
- Minimum capital requirements. It means you can get it for relatively little money.
- An attractive tax system. Income and currency transaction taxes are much lower than in other jurisdictions.
- No requirements for local management or local anti-money laundering officers.
- Insignificant regulatory restrictions. Comoros' regulatory requirements are much less than in most other countries that issue similar permissions.
- Easy registration. Obtaining a license in Comoros is a simple and quick procedure compared to other jurisdictions.
Costs and Fees for Obtaining a Comoros Gaming License
- Prepare notarized documents of directors and shareholders;
- acquire a certificate confirming the absence of criminal records and convictions pertaining to money laundering. This document is required to be notarized.
- Describe the KYC procedure, prepare corresponding AML/CTF policies, and responsible gambling rules;
- prepare a business plan.
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Requirements for Obtaining a Comoros Gaming License
Financial requirements: Applicants could have to show that they have the finances and stability necessary to run a gaming business. Providing bank references, economic statements, and evidence of funds are a few examples of this, often facilitated by a Comoros gambling license provider.
Background checks: To make sure they are qualified for a gaming license, applicants and important employees of the gambling industry may be subject to a detailed background investigation.
Player protection measures: Applicants can be asked to outline how they intend to guarantee responsible gaming and player protection, including how they will stop underage gambling and deal with gambling addiction.
Application procedure: Typically, this entails submitting an application to the Comoros regulatory body in question. The application may ask for comprehensive details about the business or person requesting authorization, such as ownership structure, financial information, and business plans.
Location and facilities: If applicable, information on the actual site or facilities where the gaming activity will take place should be supplied.
Security and data protection: A significant portion of the application process typically includes taking steps to guarantee the security of player data and financial transactions.
Gaming systems and software: Comprehensive details, such as game security and fairness metrics, may be needed for the systems and software to be employed in gaming.
Obtaining a Comoros Gaming License on Anjouan and Mwali Islands
You can obtain a gaming license on the islands of Anjouan or Mwali (Moheli), which are part of the Union of the Comoros.
The Anjouan gambling license is considered to be the most affordable among the offshore gaming licenses, which makes it a great choice for entrepreneurs who want to open their own online casino. This cost-effective option allows businesses to enter the online gaming industry without incurring excessive financial burdens, while enjoying the benefits of a recognised and regulated jurisdiction.
Companies can legally launch online gaming and gambling platforms using the Mwali gaming license, which is issued by Moheli Corporate Services and regulated by the Moheli Offshore Finance Authority. The Moheli gaming license, among other things, allows the use of multiple brands on multiple websites, provided that each of them bears a digital trust stamp from the Moheli International Services Authority and the name of the owner, which increases the credibility and transparency of the websites.
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FAQ
What are the eligibility criteria for a Comoros Gaming License?
How long does the Comoros Gaming License application process take?
What are the compliance and reporting obligations for gaming operators with a Comoros Gaming License?
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