Gambling License Cyprus

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A valid license is required by online casino operators that are based out of Cyprus. These operators are required to submit to background checks, demonstrate solvency, show a history of reputable business practices and ensure payouts to players. Gaming Licensing Our Firm provides services for the licensing of betting and gambling operators in Cyprus. The National Betting Authority (NBA), which is the governing body all betting and gambling activities provides for two types of licensing. The application for a Class A and B bookmaker’s license, can be submitted only by a company limited by shares with an issued and fully paid up share capital of at least EUR 500,000, established either in the Republic of Cyprus or abroad; in the latter case the company must have a branch in the Republic of Cyprus with its main activity being.

Gaming operators would opt for the B2C license which allows them to operate an online gaming platform offering a wide range of skill and luck-based games. Isle of Man Gaming License Learn about Isle of Man Gambling License reputability, benefits, requirements, cost and what happened after Brexit. The National Betting Authority of Cyprus offers two Classes of Cyprus betting license. The Class A is offered to companies operating land based betting shops, which is a traditional gambling establishments found all across the island. Starting in 2016, Class B license for interactive betting was introduced.

Updated on Wednesday 12th September 2018

The Betting Law

In 2012 Cyprus introduced a new and comprehensive document that would regulate gambling activities in the country. The Betting Law revised existing rules and added new ones. According to this law, the central authority for gambling and betting matters in Cyprus is the National Betting Authority (NBA). It issues the licenses needed to conduct such activities in Cyprus and supervises authorized gambling operators.

According to the Betting Law, there are two main types of authorized gambling activities:

-class A: betting activities and services that take place in license premises, except those in class B and horse race betting;

-class B: online gambling, except from certain benefit games machines, online casino games, electronic horse race betting.

Our company formation experts in Cyprus can give you detailed information about these types of activities.

Relevant legislation for gambling in Cyprus

The following Acts and legislative documents are the most relevant legislative documents that govern any gambling activity in Cyprus: the Betting Law of 2012 – Law 106(I)/2012, Gambling Law 108(I)/17/7/2012, Gambling Law 4374/28/12/2012, Directive 98/34/EC amended by Directive 2006/96/EC, the bilateral agreement between Cyprus and Greece regarding the Greek Organization of Football Prognostics.

Our partner law firm in Cypruscan tell you more about how the law influences and regulates gambling activities in Cyprus.

Licenses for gambling activities - presented by our specialists in company formation in Cyprus

Licenses for gambling activities are given according to the class of activity, as described above. The request for a gambling licence can be submitted by a company incorporated in Cyprus or a foreign company that has a branch in Cyprus whose principal acidity is carrying out betting activities. The application must be submitted with a bank guarantee of a bank in Cyprus or an EU member state.

Cyprus Resort

Companies registered in other EU states that have a betting licence in that state (only limited to betting and no other gambling activities) can provide these services until the NBA issues a licence for this purpose, provided that the company has also applied for a licence with the NBA. The licenses are not transferable or assignable.

Gambling licenses in Cyrus are issued for one or two years ant they can be renewed. For more details about the application documents and other details, you can contact our experts in company formation in Cyprus.

Meet us in Larnaca

Call us now at +357 24 656 406 to set up an appointment with our consultants in Larnaca, Cyprus. Evgenios Erotokritou is the CEO of E.R. Team Global Consultants and he will help you open your company in Cyprus as fast as possible.

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- cost-efficiency: competitive company formation prices;

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Jackpot Cyprus

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A gaming license is necessary for any online gambling enterprise if its operator wants to run the business legally and offer their players the best games. It is also necessary for opening a merchant account for your venture. Read about opening merchant and processing accounts.

Gaminglicensing offers Curacao and Maltese licenses for online businesses, since these two are the most popular options to date. Both these licenses have their advantages. However, changes constantly occur in gaming legislation, so we compiled the information on legislation in different countries. Read about it in this section.

Curacao license

The Curacao license is a perfect balance between the cost and quality. It takes only 2 weeks to obtain it, it is economical, and you can operate any gambling business under one license. Note, if you want to open your own casino, you may not worry about the license at all: our White label platform solution lets you operate under our license.

Maltese license

Maltese license is expensive but very prestigious. There are 4 types of Maltese licenses, each necessary for conducting a particular type of gambling activities: Class 1 – for casino games, skill games and lotteries, Class 2 – for betting, Class 3 – for peer betting and betting exchanges and Class 4 – for software vendors.

There are also other options, which are described in detail in this section. Read about legislation in different countries and ask our experts if you have questions or would like to obtain a license.