How an IGaming startup received an Anjouan license in 28 days

Everyone wants a piece of the iGaming pie because the industry is growing non-stop. 

Remember the last SBC Summit just last week? Even a smaller one like the one in Tbilisi was packed with entrepreneurs with big ideas, all looking for a chance to make their mark. You have to wonder how many people like that are at every single summit.

They might be working with small budgets, but they’re rich in ideas.

We’ve seen them. You’ve seen them. Maybe you are one of them.

The biggest fear for a startup entrepreneur is that bureaucracy will eat up their seed capital.

They can’t afford to wait months, get rejected over the “wrong” kind of bank letter, or have the documents sent back because of a typo. They need a fast start and a guaranteed path to success.

The ambitious Georgian project we connected with had this exact problem. They were aiming squarely at the Latin American market.

About the Client

Type: B2C

Geography: Georgia

Target markets: Latin America

What the Client Needed

They needed to secure a B2C license quickly and affordably to operate legally in LatAm, while also avoiding the common pitfalls that sink startups.

How did we do that?

We incorporated a Belize company in just one day after receiving all the required forms and documents. The very next day, we began the process to secure an Anjouan B2C license.

It wasn't all smooth sailing, however. The bank rejected the provided Reference Letter template. For many, this setback would have meant hitting the brakes and facing months of delays. But we managed to find an alternative solution that satisfied the requirements and ensured smooth progress. 

As for the rest, we had already covered our bases. We knew the regulator pays close attention to the team. We didn't just submit the paperwork; we completely repackaged their CVs and developed a comprehensive business plan that served as an ironclad argument for licensing.

Results that Matter

Overall, the licensing process was smooth and efficient. Just look at the dates:

On May 22nd, the regulator confirmed that all documents had been accepted, and by June 19th, the company successfully received its B2C license. Everything was fast and seamless, exactly as our client expected.

If you are that entrepreneur with an idea who can't wait any longer, the MGL team is here to help you. We guarantee your dream won't be crushed by bureaucracy. We get you started while others are still standing in line.

Contact us at @MGL_solutions to get your free consultation and learn what license fits your project the best.