Anjouan offers online gambling operators a simple and fast licensing process, with low application fees and ongoing expenses.
If you wish to build an online casino, or other type of online gaming website, Anjouan has a very attractive offer for you!
Anjouan’s online gaming license has gained a reputation for being a reliable option for operators in the industry. The jurisdiction offers all the regulatory benefits like those found in other jurisdictions, while at the same time providing the added benefits of low licensing fees.
With the regulatory changes going on in Curacao, online gambling operators risk facing unforeseen challenges which could result in a disruption of their services.
The Anjouan gaming license presents an enticing alternative by being an economically viable option that can be attained with relative efficiency and speed.
If you want to start an online casino, a number of things need to happen.
First of all, you need a license. This license ensures that you can offer your services legally. At the same time, it mandates that your website and organization safety standards. This signals to your customers that it is safe to gamble on your site!
In order to apply for a license, you need to setup a company. This company will need to comply with a number of rules. If you use an offshore company, this will lower the overall tax burden.
Next, you will have to buy and install casino software. If you do not know exactly how, we have contacts with the best builders in the industry.
It is crucial for online casinos to be able to accept payments. However, due to ongoing regulatory scrutiny, it is now next to impossible for offshore companies in jurisdictions such as Anjouan to accept online payments.
What you need is a payment processing agent, also known as a Payment Agent Company.
A Payment Agent Company is a client facing company in a reputable jurisdiction. It processes payments for your website. For this, it receives a small fee (to satisfy local tax rules). All the profits are then forwarded to your main offshore company.
For this to work, you need to use a jurisdiction with a low tax rate, where you can get an account with an Electronic Money Institutions “EMIs” or Bank, access credit-card payment providers.
Cyprus is a EU country and it has one of the lowest corporate tax rates of the developed world. It allows access to payment systems and its regulatory body accepts these set-ups. Like other jurisdictions, in order to start a business here you do need local substance, such as a director, a company secretary, and an accountant.
You might also consider using an experienced company to handle the day-to-day administration and management of the corporate structure.
This way you can focus on the important matters: promoting the platform and driving up revenues!
Cyprus is a EU country and it has one of the lowest corporate tax rates of the developed world. It allows access to payment systems and its regulatory body accepts these set-ups.
In order to start a business here you do need local substance, such as a director, a company secretary, and an accountant.
You might also consider using an experienced company to handle the day-to-day administration and management of the corporate structure; this way you can focus on the important matters promoting the platform and driving up revenues!
We recommend either a BVI, Belize or Curacao IBC holding company holding the license along with a Cyprus (EU) company acting as a Payments agent. The holding Company will be 100% shareholder of the Cyprus (EU) company.
An agency agreement will engage both companies. This agreement will be used for recharge processing of fees, marketing expenses, web development, maintenance and operational fees carried by the Cyprus company on behalf of the holding company. Based on our experience we recommend 4% on the total Gross Gaming Revenue “GGR”. This is taxed at 12.5%, making it an effective tax rate on total income of 0.5%.
Profits in the offshore holding company are not taxed. From there, your profits can be freely distributed to you without withholding taxes on dividends.
What is the cost of a gambling license in Anjouan?
The initial cost of obtaining an Anjouan gaming license is approximately $25,000. Additionally, a similar amount must be paid to the regulator annually as a maintenance fee.
What is required to set up an E-Gaming Company in Comoros?
In order to establish an E gaming company in Anjouan it is necessary to first register a holding company, a payment processing company and then secure the Anjouan E gaming license.
What is the duration of the Anjouan gambling license?
The license is renewed annually and lasts for a year.
How challenging is it to secure a gambling license in Anjouan?
The level of difficulty depends on the applicant’s ability in fulfilling all administrative guidelines.
Can an Anjouan E gaming License have directors who are not local residents?
Yes, Anjouan gambling companies can have directors who are not local residents of Anjouan.
Can a license be obtained without a bank account?
No E gaming companies need to have a bank account as part of their business operations. That is where the Cyprus Company comes into place in order to be used as a Payment Processing company of the E Gaming Company.
Is getting a license a long process?
Although the process depends various factors, including the completeness of the application it usually takes several weeks to obtain a gambling license in Anjouan.
We’ve been setting up gaming licenses with this, and similar structure for a decade. We know what the requirements are, what procedures need to be followed, and what agreements need to be signed.
We assist you with bank and merchant account opening through our extensive network of banks and payment processors.
We can also assist you with setting up just the right corporate structure to suit your needs. We guarantee a hassle-free application. We work fast and at reasonable costs.
Are you interested in obtaining a license for your online gaming website and want an experienced agent to help you obtain it?
…Then contact us by filling in the form below.
