Navigating Legalities: The Real Cost of an Anjouan Gaming License for Business Operators
If you are a gaming enthusiast, you may have heard about the Anjouan gaming license. The gaming world is changing, with new innovations coming up every now and then. To preserve these innovations and create a structure for growth, gaming licenses are essential. The recent regulatory changes in Curaçao further point to the need for companies to have proper licenses before operating in the market.
Here, we provide a detailed overview of the process and benefits of getting this license – https://inteliumlaw.com/gaming-license/anjouan/. You will also learn the requirements and the expected costs.
An Overview of the Anjouan Gaming Licensing Process
With recent changes made, it has come from companies across the globe to apply for and get the Anjouan gaming license. Then, companies can offer different services like casinos, poker, betting, and lotteries.
After completing the process, the company gets the license. Note that it comes with a one-year validity period and room for annual renewal.
To qualify for this license, companies must follow these processes:
- Provide comprehensive details of the company’s directors, shareholders, and Ultimate Beneficial Owners [UBOs]. These details are reviewed and verified to ensure they are correct and authentic.
- The company making an application for the license must prove that all technical requirements are in place. The aim of these Anjouan gaming license requirements is to ensure the safety of information provided by game users.
- The company must provide documents showing compliance with relevant anti-money laundering policies. When provided, a thorough review is conducted to ensure that every software and hardware that will be used guarantees transparency and safety.
Major Documents Needed When Applying for an Anjouan Gaming License
Considering that several factors may influence the documents needed, the list is an inexhaustible one. In the course of conducting diligence, a company may be required to provide more documents at different stages of the process.
The most important documents directors, shareholders, and Ultimate Beneficial Owners must provide include:
- Individual certified copies of passport
- Detailed documents showing current address details and must contain the full names of the bearer. For this, water, electricity, or cable TV bills can be used.
- A recommendation letter issued within three months from a bank they have been banking with for a minimum of two years.
- A letter of recommendation from a professional they have been working with for a minimum of two years must have been issued within three months prior to the date of making the application.
- Certificate of Incorporation, memorandum and articles of association, and shareholders register signed by the company director.
- Certificate of clean criminal records and of good standing
The Real Cost of an Anjouan Gaming License
The Anjouan gaming license cost is pegged at 17,000 EUR, with several components making that fee. For a breakdown,
- The initial setup and license fee costs 13,300 EUR
- Payment for initial verification costs 1,700 EUR
- Key Person Authorization fee costs 2,000 EUR
- Additional compliance and technical fees might apply. Please advise with your legal professional.
What Are the Benefits of an Anjouan Gaming License?
Several benefits come with getting this gaming license, and that is why it is important to know how to get gaming license. When you get this license, you enjoy;
- An affordable license that comes at a competitively priced initial setup and maintenance costs.
- Absence of a gross tax on gaming revenues.
- Quicker processing times, ensuring easy market entry.
Conclusion
If you have been contemplating getting a gaming license, now is the time to make that decision. You can get the Anjouan gaming license in three weeks with all the documents available. All you need is to have an idea of the process and know what it costs.
