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    Why So Many Online Casinos Are Licensed In Malta

    Remote gaming licenceMalta has been known as the first country of European Union that regulates the online gambling industry with great success. Everything started in 2002 when the first gambling websites began to appear. But why so many of these online gambling websites are licensed in this small island in the central Mediterranean? Although most players do not really care about the country where their favorite casino online is licensed, it is important to note that in Malta online gambling operators have four different options to choose when they apply for a license. Class 1 License – remote gaming (for example casino games and online lotteries) Class 2 License – remote betting (for example fixed-odds betting) Class 3 License  – promote and/or abet remote gaming in or from Malta (for example Poker Rooms) Class 4 License  – host and manage remote gaming operators(for example B2B as software providers)

    Malta As Tax Heaven – Why?

    Although small, Malta is a country with a stable economy and political situation. It offers very attractive tax conditions for the gambling industry. After joining the European Union in 2004, its gambling companies licensed by the Malta Gaming Authority have started introducing themselves on the European markets. Law related to e-gambling became regulated in 2004 as well and it guarantees both operators and player total security and full anonymity. The Maltese authorities are competent to issue so-called permissions to organize and facilitate games in online websites as long as their operators have a proper and valid license. Those games may include sports betting, casino games, lotteries, slot machines and other forms of online gambling.

    Obtaining a Remote Gaming License in Malta – Requirements

    There are several requirements that have to be met in order to successfully apply for a remote gaming license in Malta. First of all, each company needs to present their own software that works without any problems and is able to provide comfortable playing conditions. Their software should be tested for at least 6 months and reports should be presented – both when it comes to easy and comfortable game and safety and security of players. Companies should pay €2,330 to apply for a new license and €8,500 per annum per license as a license fee. Licence fees Licenses are issued for a period of 5 years and their validity can be extended. Each type of license is taxed according to its class. When it comes to sports betting license, the tax is only 0.5%. It is important to know that, according to the European Union law, a company can pay taxes in any chosen country, without the need to pay them again in the country where its services are being provided. Malta, offering such positive tax conditions, it is one of the most popular choices among e-gambling companies that want to pay as less as possible, being able to provide their players with a proper level of security and anonymity at the same time. Remote Gaming Tax Schedule License classes

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