Introduction to Malta Gaming License
One of the first European countries, which consolidated the legality of gaming at the legislative level, was Malta. From the 2000s to the present time, it remains one of the most attractive and safe jurisdictions for the gaming business, and this is due to several reasons:
- the country has created all the conditions for a safe and successful business environment
- every effort has been made to create reliable protection for all players in venues holding a Malta online gaming license
- labor costs are minimal
- separate licenses are issued for different types of games
- all licenses are valid for up to 5 years.
Advantages of Obtaining a Malta Gaming License
A good gaming climate was organized in Malta. This is due to two facts:
- At the level of the legislation, the entire protection of players has been thought out. And if any license was acquired illegally, it will be immediately terminated and penalties will also be imposed to punish players for “unfair” games
- Over the past decades, there have been changes in a positive direction in the technology of quality standards in the gaming business. As an example, this is the creation of an online forum to address emerging technical and legal issues.
Along with the pros of the Malta gaming license, there are also cons of the remote gaming license Malta:
- a separate gaming license Malta is purchased for each type of gambling business
- all BoomAff gaming activity is regulated in the country and only it has the right to issue several types of licenses for online casino activities, for bets related to sports events, advertisements, and those companies that work remotely
- each MGA gaming license does not exceed five years.
Requirements for Obtaining a Malta Gaming License
Registration in the MGA games licensing program requires a fee, which is about 2,330 Euros, and the payment for obtaining the MGA game license itself will be about 8,500 Euros. It will also be necessary to pay a Malta gaming license cost of tax of about 4,660 Euros, six times a year for the purchase of a 1st class license for MGA online games. To purchase a 3rd class license for MGA mounted games, a company will need to make a contribution of at least 5% of the real value of income received to the fund of MGA Malta gaming. In general, the purchase price of an MGA gaming license of various classes and tax deductions can be about half a million Euros.
According to some experts, tax payments from such gaming activities are slightly higher than in other countries where the same kind of business is carried out.
What Provider Casino Solutions BoomAff Offers
We offer every company-runner of online casinos acquire a Maltese gaming license. Malta gaming authority licenses are rendered by the organization commonly known as MGA: Malta Gaming Authority.
We collect and submit a package of documents necessary to obtain a general license and any of its forms, for instance, for the MGA laser battle game. The most frequent requests that our company receives from interested clients are licenses for video slots, card games, table games, roulette, poker, esports games, lotteries, bingo, and other games of chance and/or skill.
Benefits of Working with Provider Casino Solutions BoomAff
We carefully and attentively estimate all requests of our clients, discuss the possible restrictions (given that Malta gaming license countries are not the entirety of countries in the world), and go through a checklist of necessary things to do to obtain a license because the venue that is to be licensed must correspond to a number of rigid requirements.
Then we deal with the issues that might arise during the licensing process, including doing everything on your behalf, like correspondence, answering questions of officials from MGA, running software tests, and paying fees to dedicated Maltese bank accounts.
We get you completely covered in the process of obtaining your MGA license. With us, this process is smooth and sound!
Conclusion
It is a wise and mature decision for every casino operator to obtain the MGA license because of the advantages they acquire with it. Gamblers highly trust online venues that have an MGA license. So whenever you decide to go through the licensing process, contact us and we’ll get you covered!