A business license is a kind of passport for the right to conduct any activity, be it construction, bookkeeping or gambling. Without the official permission those types of activities are simply not possible and is pursued by law. Casino licensing is a separate issue of this matter, because casinos are prohibited in many states. Those aspiring to buy Italy casino license need to find out which countries allow gambling. Today online casino license became an exclusive solution offered by many casino companies.
Casino Market experts note that when it comes to matters of how to obtain casino license they are the absolute pros and can get the Italy online gambling license formalized fast. The company studied issues regarding the gambling company registration, in which it succeeded and now offers its numerous customers to buy turnkey casino with license.
Online casino license is a fundamental document in the gambling industry because without the permission of the authorities no casino is allowed to work, and if it tries to it will mess with possibility to cease its existence in no time. At the same time, gambling is developing successfully in those regions, which authorities decided to lift the ban. The list of such territories includes states qualified for offshore zones.
Offshore is a kind of sanctuary for international companies with no large taxes and some benefits in effect. They offer the perfect environment for casino licensing and successful activities. Curacao, Alderney, Kahnawake, the Isle of Man, and are some of these countries, which quantity is amounted to several dozens in the world.
The jurisdictions, which operate here welcome the casino's activities since they make money on annual registration fees, which go into the budget from gambling clubs.
Gambling company registration presupposes:
Moreover, by deciding to buy Italy casino license you agree to comply with all the requirements of the legislation in return for the guarantee of reliability and security by the Government of the offshore countries.
All offshore jurisdictions assign their special requirements to a potential licensee. You only need to recognize which one suits your desires and intentions the best way, because you have already identified your target audience and set a budget for the new casino.
In this article we elaborate on online casino license issued in Italy, which has its own operating laws. However, to buy Italy casino license is a very good decision.
There are many Italian enterprises dealing with the gambling activities. Those include Internet gambling clubs, entertainment establishments, poker rooms, lotteries and game halls. They all have the right to work granted by the Italy online gambling license.
The Italian gambling permission is issued by the State commission of the Autonomous administration of state monopolies (AAMS). Its powers include not only the registration of casino companies but also control and regulation of gambling activities. The Commission is actively engaged in fighting illegal business by finding clandestine objects of unregistered casinos. And the law enforcement agencies close them down and even initiate criminal proceedings. Violation of the law by licensees is also severely punishable: a license is confiscated or suspended.
The primary duty according to AAMS is to protect the players against deception, non-payment of winnings, fraud, obligation breaches of operators.
The Commission issues the following licenses:
Italian laws regarding gambling are somewhat different from the common-European, but there is no supernatural rigidity in it: all requirements are possible to comply with.
The operation procedure established by AAMS for online casinos is to be strictly observed, otherwise an operator runs the risk of receiving a fine of up to €5000 and even get arrested for a period of up to one year. In such case it does not matter whether you have online casino license or not.
Interestingly, online casino license is offered to newcomers, as well as to companies, which activities are far from gambling. There are two main requirements to fulfill:
Applicants are obliged to pay the bank's guarantees to the Commission in the amount of 1.5 million Euros.
The results of the software testing should confirm the innovative level of an online casino.
According to the tax laws, entrepreneurs have to share a certain percentage from profits (depending on the type of gambling).
A single tax (20% of gross income) is paid by online casino operators, bookmaker Internet offices with virtual betting, owners of exchange betting clubs, organizers of poker halls, and ring games.
Besides it, a general sales tax is provided in the country.
Types of games and the size of duty:
The AAMS commission announced new requirements for online gambling organizers a short while ago.
The document states that they are required to:
In addition to applying for Italy online gambling license there is a sufficiently voluminous document portfolio to be submitted to the jurisdiction.
You need to file:
A detailed plan for casino development, which contains such information:
On this basis, it can be concluded that the AAMS Gambling Commission strictly implements the principles, which ensure the safety of the players and prevents the diversion of money beyond (land-based clubs are located at the borders with other states and stand in the way of gamers to foreign establishments).
To sum it up, Italy online gambling license grants many advantages to a businessperson.
As can be seen from the list of documents necessary for gambling company registration in Italy, it may take a long time to collect and properly formalize those. But time is a very serious factor. When you finish preparing the documentation, the market may have changed, and we orientate towards the most relevant indicators.
So the right conclusion is as follows: if you do not know how to get a casino license you’d better use the services of competent people, rather than deal with casino licensing on your own. Casino Market can consult on how to get a gambling license for casino in any of the available jurisdictions or buy it for you. This organization is ready to assist you in all matters regarding casino licensing.
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