Comoros gaming license
The gaming 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.
A gaming license on the island of Anjouan/Comoros Islands represents one of the most favorable choices for licensing a gambling business.
Obtain a gaming license
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Why obtain a gaming license?
You must invest money and get a license to start your gaming project. It allows you to operate legally. In addition, it increases the popularity of online casinos because companies with authorisation are associated with safety and reliability.
Gaming permits are issued in many jurisdictions, but the most popular lately is Anjouan, Comoros. There is more flexibility than, for example, in more well-known jurisdictions such as Curacao or Malta.
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 gaming, which allows the registration of 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 Comoros gaming license
The Comoros gaming license has the following advantages:
- The license cost is relatively low compared to other jurisdictions.
- Anjuen provides opportunities for quality payment solutions for projects.
- The license grants the right to operate in countries where the gambling industry is unregulated.
- Minimum capital requirements. It means you can get a gaming license here for relatively little money.
- An attractive tax system. Income and currency transaction taxes are much lower than in other jurisdictions.
- There is no requirement to have local employees and management in Anjouan.
- Insignificant regulatory restrictions. Comoros' regulatory requirements are much less than in most other countries that issue licenses.
- Easy registration. Obtaining a license in Comoros is a simple and quick procedure compared to other jurisdictions.
Types of gaming licenses for Anjouan, Comoros
The Union of the Comoros issues a gaming license allowing bookmakers to accept bets, companies to open poker rooms and online casinos and conduct bingo lotteries remotely. There is a single Comoros gaming license that applies to all types of gaming.
Licensing and regulation in Comoros, including Anjouan, are carried out by the Anjouan Offshore Finance Authority.
The company must be registered as an IBC (international business company). IBC is not considered a resident for tax purposes and can be created in several days. We should note that such companies cannot own real estate in Anjouan.
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The cost of gaming licenses
The cost of a gaming license depends on the jurisdiction and its type. Annual fees, commissions, and taxes imposed by the legislature also vary from region to region.
Anjouan gaming license will cost about $24 000. You will have to pay the same amount to the regulator every year.
Please contact Fintech Harbor Consulting for an exact cost estimate.
Documentation required to obtain a gaming license in Comoros
The list of documents required to obtain a license:
- Certified copy of passport, valid driver's license, or ID card.
- Document confirming residence address.
- Certificate of a criminal record absence.
- Proof of Domain Ownership.
- Business plan.
- KYC Policies, AML Policies, Responsible Gaming Policies, Underage Gaming Policies.
- Terms & Conditions.
- Proof of RNG Certification.
- Copies of Game/Content Provider Agreements for gaming systems.
All licensed companies must use Comorian financial institutions for banking.
In each state, in accordance with local laws, the issuing procedure and the required package of documents may be different, so you need to seek help from specialists who know all the features and nuances of the process.
Our experts are ready to assist in the preparation of documents and provide support throughout the entire process.
With us, you receive a complete set of competent and comprehensive legal services, which reduces the time spent on finding legal specialists for each transaction and saves on financial expenses. Don’t hesitate to contact us and get quick and professional assistance!
FAQ
How much is a gaming license in Anjouan?
The cost of issuing a license is around $24 000. You will need to pay a similar amount to the regulator each year.
How long does it take to get a gaming license?
If all the requirements are met, obtaining a gaming license in Comoros is quite fast, about 2-3 months.
What do you need to start a gaming business in Comoros?
To open a gaming business in Comoros, you must first register a company and obtain a license. Comoros gaming license not only allows you to open a land or online casino legally but also is a sign of legitimacy and the stability of the gaming business. It also affects the trust and loyalty of your audience.
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*Your contact information will be used for our inner purposes and only with the aim to provide you with the best business solutions.
