How to register online casino in Estonia? | Russian Gaming Week
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How to register online casino in Estonia
If you want to enter the European gambling market, one of the easiest ways is to get a gambling license in Estonia. | Russian Gaming Week
Казино онлайн в эстонии
If you want to enter the European gambling market, one of the easiest ways is to get a gambling license in Estonia. This permission will allow you to work with European banks and will be interesting for European players and partners.
To survive the global crisis of 2008, the Estonian authorities decided to bring the gambling market under the regulatory control. To stimulate the economy, 8 years ago, a casino was opened on the territory of the country. It significantly increased the flow of taxes from gambling to the state budget of Estonia.
To become a full-fledged participant of the gambling industry in Estonia, you need to get two permissions at once: to conduct gambling and to organize it.
The first type of license is issued once without the need for an extension. This permission is necessary for conducting operative gambling activities, for example, lotteries, slot machines, tote. The second license is issued every 20 years and allows you to open a casino on a legal basis.
Cost of licenses and taxes
Your application won’t be considered without paying in advance the state tax on gambling: 3 thousand euros.
Gambling license analysis costs about 48 thousand euros, the price of a license for opening an online casino is 32 thousand euros.
If you want to create several casinos, you need to register application for every institution you plan to open.
The tax on online casinos is 5% of the gambling revenue. The tax on slot machines depends on the number and types of devices, and the tax on lotteries is growing, amounting to 18% now.
Requirements
As in any other country where gambling is regulated, companies need to fulfill a number of state requirements in order to get a permission to organize gambling.
- Register a company's office in Estonia
- Provide a certificate of non-conviction
- The minimum guaranteed amount on the company account must be at least 128 thousand euros
- The size of equity capital of the joint-stock company must be not less than 1 million euros
In addition to the requirements for business, there are also requirements for players. They should not be under the age of 21, except for the toto lottery fans, their age is 18 years and older.
Advantages of the Estonian gambling license
The Estonian license gives a number of advantages. In addition to legalizing gambling activities and increasing loyalty among customers and partners, it provides an individual EU number. This permission also gives an opportunity to cooperate with European banks, and imposes relatively low taxes on gambling business.
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