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So you are looking for a Maltese gambling license. This document goes over the costs and processes in order to obtain the license.
NOTICE
Here is all you need to know about Malta Gaming Authority, one of the major gambling licence providers for online casinos. Here is all you need to know about Malta Gaming Authority, one of the major gambling licence providers for online casinos.
Malta is not the cheapest jurisdiction to obtain a casino license in, if you are looking for a more affordable license then we suggest taking a look at a Curacao gambling license which is better suited to tighter budgets.
Why Malta?
Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.
What this document covers
This document covers the end to end application process with the Malta Gaming Authority (“MGA”) as well as an overview of the related prices for the setup and the maintenance of a gambling company in Malta.
- Malta Gaming Authority (MGA) license types
- Malta gambling license application process
- Malta Gaming Authority fees
- Gaming Tax as Applicable by the MGA
- Share Capital Requirements
- Administration services
- Key official Services
- On-going operation
- Financial Audit
- How long does it take to get the Malta gambling license
- How do I find out if a casino is licensed in Malta?
Malta Gaming Authority license types
The Malta Gaming Authority offers four types of remote gaming licenses:
- Class 1 – a remote gaming licence (examples of Class 1 licences would include casino-type games and online lotteries) whereby operators manage their own risk on repetitive games. It is also possible to have a Class 1 on 4 licence whereby the Class 1 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
- Class 2 – a remote betting licence (an example of a Class 2 licence would include fixed-odds betting) whereby operators manage their own risk on events based on a matchbook. It is possible to have a Class 2 on 4 licence whereby the Class 2 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
- Class 3 – a licence to promote and/or abet remote gaming in or from Malta (an example of a Class 3 licence would include poker rooms and peer-to-peer (P2P) gaming). It is also possible to have a Class 3 on 4 licence whereby the Class 3 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
- Class 4 – a licence to host and manage remote gaming operators, excluding the licensee itself, whereby software vendors provide management and hosting facilities on their platform. In essence this is a business to business (B2B) gaming licence.
Malta gambling license application process
In order to prevent any unnecessary delays in the process, our clients will undergo a pre-application process together with the Malta Gaming Authority (MGA). This will ensure the quality of the application and will be followed by the actual application process that consists of a number of steps:
- 1) The MGA will conduct a fit and proper exercise by assessing all information related to those involved in financing and management and on the business viability of the operation. In addition the MGA conducts integrity investigations with national and international regulatory bodies and law enforcement agencies.
- 2) The MGA conducts an in depth financial analysis of the applicant’s business plan. It is expected to include a detailed forecast of the operation together with details pertaining to marketing and distribution strategies, HR planning, and growth targets.
- 3) Operational and Statutory – The applicant is examined on the instruments required to conduct the business. This process includes examining the Company’s incorporation documents, the games, the business processes related to conducting the remote games, the rules, terms, conditions, and procedures of the games, the application architecture, and the system architecture.
- 4) The MGA will inform the applicant that the application was successful and will invite the applicant to implement onto a technical environment in preparation for going live. 60 days are allowed for the applicant to complete such operation. Within those 60 days, the applicant may request an external systems audit where the live environment will be examined against the proposed application. Once the certification process is completed, a five-year license will be issued by the MGA.
- 5) Once the licence is issued, an independent third party will be contracted by the MGA to perform a number of compliance audits of the licensees operation throughout the first and the third year of operation.
Malta Gaming Authority fees
| Description | Fee |
| Fee for a new licence of any class | €5,000.00 |
| Application fee for the renewal of any class | €5,000.00 |
| Systems Audit | €2,500.00 |
| Compliance Audit | €3,500.00 |
Annual licence fee
The annual license fee is paid to the MGA, previously this was a fixed fee for any class however as of 2018 this fee is changing as follows.
For a class 1, 2 or 3 license the annual fixed MGA fee is €25,000 and for a class 4 license €10,000. If a licensee has multiple classes of licenses (1, 2 or 3) the annual combined fixed fee is calculated on Gross Gaming Revenue:
| Revenue | Fee |
| Fee for a new licence of any class | €5,000.00 |
| -5Mln EUR | €25,000.00 |
| 5mln – 10mln EUR | €30,000.00 |
| + 10mln EUR | €35,000.00 |
Compliance contribution
The MGA has introduced this new fee which is based on Grosse Gaming Revenue and has minimal annual contributions which differ per class:
| Class 1: Annual Compliance contribution – Minimal fee €15.000, Max €375.000 | Rate |
| For every euro of the first €3,000,000 | 1.25% |
| For every euro of the next €4,500,000 | 1.00% |
| For every euro of the next €5,000,000 | 0.85% |
| For every euro of the next €7,500,000 | 0.70% |
| For every euro of the next €10,000,000 | 0.55% |
| For every euro of the remainder | 0.40% |
| Class 2: Annual Compliance contribution – Minimal fee €25.000, Max €600.000 | Rate |
| For every euro of the first €3,000,000 | 4.00% |
| For every euro of the next €4,500,000 | 3.00% |
| For every euro of the next €5,000,000 | 2.00% |
| For every euro of the next €7,500,000 | 1.00% |
| For every euro of the next €10,000,000 | 0.80% |
| For every euro of the next €10,000,000 | 0.60% |
| For every euro of the remainder | 0.40% |
| Class 3: Annual Compliance contribution – Minimal fee €25.000, Max €500.000 | Rate |
| For every euro of the first €2,000,000 | 4.00% |
| For every euro of the next €3,000,000 | 3.00% |
| For every euro of the next €5,000,000 | 2.00% |
| For every euro of the next €5,000,000 | 1.00% |
| For every euro of the next €5,000,000 | 0.80% |
| For every euro of the next €10,000,000 | 0.60% |
| For every euro of the remainder | 0.40% |
| Class 4: Annual Compliance contribution – Minimal fee €5.000, Max €500.000 | Rate |
| For every euro of the first €2,000,000 | 0.50% |
| For every euro of the next €3,000,000 | 0.75% |
| For every euro of the next €5,000,000 | 1.00% |
| For every euro of the next €5,000,000 | 1.25% |
| For every euro of the next €5,000,000 | 1.50% |
| For every euro of the next €10,000,000 | 1.75% |
| For every euro of the remainder | 2.00% |
Gaming Tax as Applicable by the MGA
- Class 1 – €4,660.00 per month for the first six months and €7,000.00 per subsequent month;
- Class 1 on 4 – €1,200.00 per month;
- Class 2 – 0.5% on the gross amount of all bets accepted;
- Class 3 and Class 3 on 4 – 5% of real income;
- Class 4 – No Tax levied for the first six months of operation, €2,330.00 per month for the subsequent six months, and €4,660.00 per subsequent month for the entire duration of the licence
Share Capital Requirements
When incorporating the company on Malta, the MGA requires that companies operating a class 1 or 2 license have a share capital of €100.000. For class 3 or 4 license holders this amount is €40.000. Companies applying for multiple licenses amounts will be cumulative.
An idea of corporate setup fees for a Maltese gambling company
| Description | Fee |
| Incorporation Fee (This includes name reservation, customer due diligence process, M&As, Share Register, VAT application, income tax application, excl. MFSA Registration Fee) | €1,200.00 – €2,000.00 |
| Registered office (optional) | €500 – €1000.00 |
| Corporate Director (optional) | Price on request |
| Company Secretary | €500 – €1000 |
| Annual Compliance (KYC) Maintenance | €250 – €500 |
| Management Fee Package | €3,000.00 – €5,000.00 |
| Assistance opening a bank account | €1,000.00 – €2,000.00 |
Administration services
| Description |
| Book Keeping |
| Legal Administration |
| The legal and financial administrational services will be charged against the applicable hourly rates which may vary from €60 to €250 per hour, depending on the experience of the employee involved. |
The above fees are per class of license.
Typically the fees will include assistance with the drafting of the business plan, financial prognosis, and system documentation.
Key official Services
A Key Official is a natural person, approved and licensed by the MGA to act as a main point of contact towards the said authority on behalf of the gaming company licensed in Malta. Key Official services cost on average €1,000 per month. This will also include the preparation and submission of the player liability reports of the company, gaming tax reports, the quarterly returns, completion of any other returns due by the company (such as questionnaires/consultation papers) to the MGA amongst other duties generally incumbent upon directors by application of the law.
On-going operations
If preferred a service provider can assist with the on-going daily financial and legal matters of the company. The type of service will depend on your personal preferences and below is an example of the services a gaming company may expect to be made available to them:
- Filing of the annual returns
- Preparing and processing bank transactions
- Preparation of bookkeeping and related annual financial statements
- Company VAT(quarterly), annual tax and tax refund filings
- Payroll services
- Mini One Stop Shop (Moss) VAT compliance
- Preparation of dividend warrants
- Certification of documents
- Legal administration (e.g. drafting/reviewing contracts or agreements)
- Liaising with the auditors
- Residency applications and opening of bank accounts for employees
We would recommend negotiating fixed monthly fees to cover the above services allowing you to budget appropriately.
Financial Audit
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Audit fees (external auditor) start at €1,500. The actual fee highly depends on the amount of activities within the company.
How long does it take to get the license?
Where can a Malta Gambling license be used?
Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries.
It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Some European countries are barred too: France, Spain, Italy, Portugal, Austria, Belgium, the Czech Republic, Slovenia, Lithuania, Estonia, and Denmark.
How do I find out if a casino is licensed in Malta?
It is not uncommon for casinos to “pretend” to have a Malta Gambling License. If you want to find out for sure if a casino is indeed registered and licensed in Malta you can visit
the MGA Gaming License Register for further information.
1. A Review of the Malta Gaming License and its Advantages 2. Types of Permits for Online Casinos in Malta 3. Conditions for the Acquisition of the Malta Gaming License 4. Stages of Casino Licensing in the Jurisdiction of Malta 5. How to Obtain the Malta Gaming License? |
Malta is an island country in Europe that grants online casino licenses with low taxes. Here is the secret of the popularity of Malta among the owners of gambling clubs: it has excellent tax legislation, loyal conditions, and a whole ocean of prospects.
Malta has been issuing online casino licenses since 2000 and is a pioneer in this field. Today, this jurisdiction is considered to be reliable and authoritative, and many operators are trying to get a work permit in Malta.
If you are considering options for obtaining a license, it will be a good decision to sign up for a consultation with the managers from Gaminator. They will help you to understand the differences between various jurisdictions and choose the one that is perfect for your gambling project. Sign up right now!
A Review of the Malta Gaming License and its Advantages
Malta is a member of the European Union and, on the legislative level, has fixed criteria for the provision of services to clients. In the case of gambling clubs, these are: focus on the interests of gamblers, resolution of every issue that arises, and provision of the data protection of the highest level.
This is one of the reasons why players trust gambling clubs that have the Malta gaming license and feel safe to deposit money to such websites. But, of course, the jurisdiction still has more advantages.
Why Getting a Permit in Malta is Worth it:
- Malta is a member of the EU, and it gives operators from different countries many opportunities for their business: for example, there will be no difficulties in opening bank accounts, it will be easier to negotiate with partners, work with clients from all over the world, etc.;
- the Malta gaming license is recognised by all other EU members;
- excellent taxation system;
- the presence of a European license allows you to connect to a direct Merchant Account and process credit cards on the Web;
- business is under the protection of the government!
We would like to add that the list of the world's largest online casinos includes companies that operate under the Maltese permit, which is already a good reason to decide on this particular jurisdiction.
Types of Permits for Online Casinos in Malta
Some jurisdictions issue single licenses for all types of gambling activities. But Malta has its own special feature in this matter. Here, gaming regulations provide for the issuance one of four types of permits, depending on what exactly you are planning to do.
Categories of Maltese gambling licenses:
- Licenses for operators of online clubs that use a random number generator: online casinos, lotteries, slot machines, etc.
- Permits for bookmaker’s offices.
- Licenses for promotional agencies, poker networks, and exchange rates.
- Permits for gambling software vendors that produce gaming platforms, payment solutions, and security systems for the gambling business.
We recommend you to decide in advance on your future plans and file the necessary applications in order to avoid the need to obtain another license.
Conditions for the Acquisition of the Malta Gaming License
In any country, casino licensing is a rather complicated process, and in such a serious and respected jurisdiction as Malta, it is necessary to have a strong background.
Operators from countries listed under the Malta gaming license has to meet the following requirements:
- registration of a company in Malta;
- submission of a package of documents for each shareholder that owns more than 5% of the shares, as well as for the whole management team: copies of passports, bank statements, reference letters, resumes, etc. ― all that can be used to create a financial portrait of the participants;
- confirmed availability of technical and financial resources for conducting activities in the gaming sector;
- availability of the authorised share capital: from one hundred thousand euro for the first and the second class, and from forty thousand euro for the third and the fourth;
- drawing up a detailed business plan.
Malta is one of the few jurisdictions that are really interested in developing new business. Therefore, in Malta, a permit cannot be issued without a clear and well-developed business plan. We have decided to tell you in more detail about the requirements for drawing up this document since its validity can also be checked.
The business plan should contain:
- The description of the goals of a future gambling project.
- An approximate period when the project will pay off.
- Business models for income generation.
- The description of the structure of a company, job responsibilities, staff that needs to be involved, and the cost of its services.
- The list of software, which is necessary for a successful operation of the casino.
- The amount of money that is planned to be invested in the project and the proof of the legality of these funds.
- The description of a marketing strategy.
Summarising the above, we can say that the business plan should fairly present the prospects of your future business.
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As our experience shows, the Malta gaming license is issued to organisations with a strong business background and ambitious plans. So, it is exactly the business plan that can be essential to the commission.
Stages of Casino Licensing in the Jurisdiction of Malta
Stage №1
Submission of a package of documents to the MGA (Malta Gaming Authority), which includes a written application with a request for a permit, a business plan, information on founders and managers of the company, and other documents.
The commission analyses a business plan, the history of the founders, their characteristics, and the motivation for starting a business in Malta. If additional documents are not required, the stage is completed in two or three weeks.
Stage №2
The registration of a company in Malta and opening accounts in banking institutions.
At this stage, the technical aspect of the project is been checked: operating principles, the used software, data transfer schemes, etc. After verification, a temporary work permit is issued for a period of six months (with a possible extension for three more months).
During this time, an operator has to start carrying out his activity and be prepared for the audit. The second stage lasts on average from twelve to sixteen weeks.
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Stage №3
The audit by an MGA specialist who keeps an eye on the development of the project during the period when the operator has a temporary license. In case of successful completion of the audit, a permit is issued for five years. Please remember that the regulator may prescribe additional conditions for work or a subsequent renewal of the document.
How to Obtain the Malta Gaming License?
If you have not faced the need to obtain a permit before, it will definitely be better for you to ask for the help of a more experienced partner. The Gaminator company offers you support during the entire licensing period.
We will answer all your questions including the Malta gaming license cost, deal with the preparation of documents, their translation, certification, and submission.
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In addition, we will be happy to help you to create an online casino from scratch: together, we will select a gaming platform, the necessary software, and payment solutions. From us, it is also possible to rent a casino or purchase it on a turnkey basis. Entrust the development of your business to Gaminator.
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Write to us right now:
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- by e-mail: info@gaminatorsystem.com;
- on Skype: gaminator.deluxe;
- via the feedback form.