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Cyprus
GamblingLicense

Secure your Cyprus Gambling License easily. My Gaming License provides detailed support on licensing requirements, costs, and legal benefits for your gaming platform.

Complete Processing Time
4-7 months
Regulatory Requirements
Strict
Reputation
Established
Coverage
Comprehensive
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Key advantages of Cyprus

Flexible License Options

Choose between 1-year (€30,000) or 2-year (€45,000) licenses.

Strict Oversight

The National Betting Authority (NBA) ensures compliance and credibility.

Moderate Tax Rate

Competitive 13% tax (10% gambling tax + 3% contribution).

EU Market Access

Operate legally within the European Union with regulatory backing.
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If you don't know which license you need, take the test

PRICING

Anjouan gambling license pricing

Basic

  • Anjouan License
  • Holding Company incorporation
    Assistance with Application for an Anjouan license
  • Assistance with Application for an Anjouan license
    Assistance with Application for an Anjouan license
  • Preparation of policies (AML, KYC etc.)
  • Annual Corporate Management
    Assistance with Application for an Anjouan license
  • Convenient Document Access
  • Introduction to trusted and verified partners
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All inclusive

It includes all the advantages of the basic tariff
  • 1 bank account
  • Assistance with filling out forms and company chart creation
    Assistance with Application for an Anjouan license
  • CV improvement
  • Client Profile
  • Business Plan Creation
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VIP

It includes all the advantages of the basic and all inclusive tariff
  • Payment agent company incorporation
  • 2 bank account
  • Evaluation of the project's survilability and potential risks
  • Analyze of offer from game providers
  • Consultation with CEO who launched 9 projects
  • Top priority among every client
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Basic

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All inclusive

It includes all the advantages of the basic tariff
No items found.

VIP

It includes all the advantages of the basic and all inclusive tariff
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Required documents of Cyprus

Passport
Must be certified
Bank reference letter
Reference letter from the lawyer or accountant
Utility Bill
Curriculum Vitae (CV)
You prepare your personal documents, that's it! We take care of the rest.

For a Cyprus online gaming license, while you prepare the required documents, such as the company’s registration and incorporation details, proof of financial standing, details of owners and key personnel, and a thorough business plan, we handle all necessary forms, implement the required Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, and provide an organizational structure, ensuring compliance with Cyprus regulations and reducing your administrative burden.

HOW IT WORKS

Obtain a gaming license from 4 months

Navigating the gaming license process can be complex. Here’s a streamlined guide to each step

Step 1

Prelimenary document submission

Introduction & project evaluation

We introduce our company, and you present your project and needs. We then evaluate your project by asking detailed questions.

Custom recommendations

Based on our experience, we explain potential solutions and provide tailored recommendations. After the consultation, we prepare a summary and create an offer if needed.

1-7 days

Step 2

Company Setup

Company Formation

The formation process for a company in needed jurisdiction, which will serve as the license holding company.

Notarization Services

Obtaining the notarized documents can take an additional week, ensuring all your paperwork is properly certified.

2-4 weeks

Step 3

Submission and Preliminary Review

Application Submission

Once all documents are ready, we submit your application to the official licensing portal.

Preliminary Review

The authority conducts a preliminary review of your application to ensure all documents are in order.

4-7 months

Step 4

Due Diligence and Compliance Checks

Due Diligence

The authority conducts thorough due diligence checks, including Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures.

Background Verification

Key personnel undergo background checks to verify their integrity and compliance history.

2-3 months

Step 5

Final Approval and Issuance

Approval Process

The Authority may have additional questions or requests for further information, which we promptly address to ensure a smooth approval process.

License Issuance

Upon approval, the Gaming License is officially issued, allowing you to start your gaming operations.

Immediate upon approval

A Cyprus gambling license, issued by the National Betting Authority (NBA), is a legal requirement for businesses offering land-based or online betting services. It ensures compliance with strict regulations, player protection, and financial transparency. Here's what you need to know:

Key Highlights:

  • Types of Licenses: Class A (land-based sports betting) and Class B (online sports betting).

  • Financial Requirements: €500,000 share capital and €550,000 bank guarantee.

  • Fees: €30,000 for a 1-year license or €45,000 for 2 years.

  • Taxation: 13% combined tax rate (10% gambling tax + 3% for sports development).

  • Application Timeline: 4-7 months for approval.

  • Renewal: Submit updated documents and fees at least 3 months before expiration.

Advantages:

  • Access to the EU market.

  • Lower tax rates compared to other EU jurisdictions.

  • Strict regulatory oversight enhances credibility.

Challenges:

  • High upfront costs.

  • Local office setup required.

  • Frequent audits and compliance checks.

Whether you're applying for a B2C license (direct-to-consumer services) or a B2B license (business-to-business services), understanding the process, costs, and regulations is critical for success. Below, we’ll dive into the step-by-step process, requirements, and more.

Cyprus Gambling License Basics

Cyprus has a licensing system designed specifically for different types of gambling businesses. It follows a structured approach with two main license categories.

Available License Categories

Cyprus offers two types of gambling licenses: Class A and Class B.

  • Class A licenses apply to land-based sports betting, covering activities at physical locations but excluding horse racing.

  • Class B licenses are for online sports betting. However, they do not permit slot machines, lotteries, or online casinos.

It's important to choose the right license type to align your business operations with the legal requirements in Cyprus.

Main License Elements

To obtain a gambling license in Cyprus, operators must meet specific requirements:

Element Requirement
Company Setup Must have a Cyprus-based office and share ownership
Governance Requires two directors and a Compliance Officer, following AML/KYC policies
Accounting Must use a dedicated system to ensure solvency for player payments and rate tracking

Operators must also maintain strong financial systems to ensure they can handle player payments reliably.

National Betting Authority Functions

The National Betting Authority (NBA) oversees the gambling industry in Cyprus. It plays a central role in ensuring that operators follow the rules. Key responsibilities include:

  • Granting licenses to operators that meet the criteria

  • Conducting regular audits to ensure compliance and promote responsible gaming

  • Enforcing strict standards for payment systems and account management

Operators are required to submit detailed financial reports and undergo independent audits regularly. For Class B license holders, all financial transactions must be processed through authorized banking institutions in Cyprus. This oversight ensures that all licensed operators maintain high levels of transparency and accountability.

License Requirements

Obtaining a Cyprus gambling license involves meeting specific business, financial, and technical standards set by the National Betting Authority (NBA).

Business Setup Rules

To secure a license, companies must establish a local presence in Cyprus. Here are the primary business requirements:

Requirement Details
Company Structure Must have a corporate seat or operational office in Cyprus
Main Activity Betting activities should be the primary business focus
Share Capital Authorized or issued capital of at least EUR 500,000
Management Minimum of two directors and a Compliance Officer

Money and Banking Rules

Operators must prove their financial stability to comply with NBA regulations:

  • Bank Guarantee: EUR 550,000 from a banking institution within the EU

  • Guarantee Duration: Must remain valid for 6 months after the license is issued

  • Financial Resources: Adequate funds to cover player winnings

  • Banking Partners: Required to work with authorized banks in Cyprus or the EU

Technical Standards

Technical compliance is essential to ensure fair play, security, and adherence to regulations. Below are the key technical requirements:

Standard Implementation Requirements
Player Protection Must include responsible gaming measures in line with the Law on Betting 2012
AML/KYC Systems Anti-money laundering and Know Your Customer systems with regular updates
Accounting Systems Capabilities for tracking rates and financial monitoring
Audit Requirements Independent audits conducted regularly by certified firms
Security Measures Advanced systems for data protection and fraud prevention

The NBA has noted an increase in licensed operators, highlighting the importance of meeting these criteria to remain competitive. The technical setup process, including system testing and NBA audits, typically takes 4-7 months. Non-compliance can lead to license suspension or revocation.

Following these standards not only ensures regulatory compliance but also strengthens trust with players and stakeholders. Once these requirements are met, operators can move forward with the application process, which involves submitting detailed documentation and proving compliance with NBA guidelines.

Pros and Cons

The Cyprus gambling license comes with both opportunities and challenges for operators looking to enter the European market.

Side-by-Side Comparison

Here’s a breakdown of the main benefits and drawbacks of obtaining a Cyprus gambling license:

The National Betting Authority (NBA) ensures a balance between operator success and player protection. For example, while the requirement for advanced control and accounting systems might seem demanding, it supports long-term operational stability.

The mandatory local presence, though challenging, offers strategic benefits such as easier access to EU banking and partnerships. Additionally, the NBA’s rigorous oversight has helped Cyprus gain recognition as a respected gambling jurisdiction.

Although the EUR 550,000 bank guarantee and EUR 500,000 capital requirement are steep, they provide financial security and safeguard player interests. The relatively low licensing fees - EUR 30,000 for a one-year license or EUR 45,000 for two years - help offset some of these initial expenses.

With access to the EU market and a favorable tax structure, the Cyprus license appeals to operators targeting European growth, even with the substantial upfront investment. The structured application process further simplifies navigating these requirements.

Get Licensed and Go Global!
Operate legally in Europe with a Cyprus gaming license. Perfect for online casinos and sportsbooks.
Get Licensed and Go Global!
Operate legally in Europe with a Cyprus gaming license. Perfect for online casinos and sportsbooks.
Get Licensed and Go Global!
Operate legally in Europe with a Cyprus gaming license. Perfect for online casinos and sportsbooks.

How to Apply

Now that we've covered the NBA requirements, let's break down the application process for a Cyprus gambling license.

Required Documents

To process your application, the NBA asks for a detailed set of documents. Here's what you'll need:

Document Type Details
Business Documents - Company registration certificate
- Detailed business plan with financial projections
- Proof of EUR 550,000 bank guarantee
Personal Documents - Passport copies of owners/key employees
- Criminal record checks
Technical Documents - Software certification from recognized testing lab
- Detailed game descriptions
- Updated AML/KYC systems
Financial Documents - Bank statements
- Corporate bank account details
- Proof of initial capital

Application Steps

The NBA uses a structured review process that typically takes 4 to 7 months. Here's how it works:

1. Initial Registration
Set up a Cyprus-based private limited company focused on gambling. This includes opening a local office and a corporate bank account.

2. Prepare Your Documents
Gather all required documents, including the EUR 550,000 bank guarantee.

3. Submit to the NBA
Submit your application to the NBA, which will thoroughly review your materials. Their evaluation focuses on:

  • Compliance with the Betting Law of 2019

  • Financial stability

  • Technical infrastructure

  • AML regulations

Securing Your License

Once approved, you'll need to pay the license fee - EUR 30,000 for one year or EUR 45,000 for two years. Afterward, implement NBA-compliant technical systems and finalize your operations as per your business plan.

For a smoother process, you might want to work with legal or compliance consultants familiar with Cyprus gambling laws. Also, make sure you understand the distinctions between B2C and B2B licenses to align your business with regulatory expectations.

B2C vs B2B Licenses

Understanding the application process is just one piece of the puzzle. It's equally important to know the difference between the two main license types in Cyprus: B2C (Business-to-Consumer) and B2B (Business-to-Business).

Key Differences and Activities

Cyprus offers separate licensing structures for businesses targeting consumers and those working with other companies in the gambling industry. Here's a quick comparison:

Feature B2C License B2B License
Primary Purpose Direct consumer gambling services Services for gambling businesses
Capital Requirement As previously detailed Depends on service type
Bank Guarantee Follows NBA standards Based on service scope
Annual Fee €45,000 (2-year license) Varies by services offered
AML Requirements Focused on consumer-facing controls Emphasis on business verification

B2C licenses are tailored for businesses that deal directly with players. These include activities like online sports betting, managing player accounts, and handling payments. To operate, B2C license holders must follow strict anti-money laundering (AML) and KYC (Know Your Customer) guidelines under NBA regulations. Key requirements include:

  • Systems for verifying players' ages

  • Tools to help prevent gambling problems

  • Secure methods for processing payments

  • Protocols to protect customer data

On the other hand, B2B licenses are designed for companies that provide services to other gambling businesses. These services might include:

  • Offering white-label platforms

  • Developing gambling software

  • Providing payment gateway solutions

  • Supporting technical infrastructure

Both license types require robust technical systems that meet NBA standards. While B2C operators focus on protecting players and monitoring transactions, B2B providers must ensure their services help B2C clients stay compliant.

Knowing how these licenses differ is key to aligning your business with Cyprus's regulations, especially when planning for license renewals.

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License Renewal

Renewing a Cyprus gambling license involves meeting strict deadlines and regulatory requirements set by the National Betting Authority (NBA). The process ensures that operators maintain compliance with current laws.

Renewal Steps and Required Documents

Start your renewal process at least three months before your license expires. You'll need to provide:

  • Updated financial statements

  • Proof of the required €550,000 bank guarantee

  • Compliance certificates

  • Documentation of any changes in your company’s structure

The NBA will evaluate your compliance record, focusing on areas like player protection, anti-money laundering (AML) measures, technical standards, and financial stability. During the review, they may add new conditions or modify existing license terms. Any changes will be communicated in writing with a clear explanation before being enforced.

Renewal Costs

The renewal fees depend on the duration of your license:

License Duration Renewal Fee Additional Notes
One Year €30,000 75% refundable if rejected
Two Years €45,000 Most commonly chosen option

The NBA continues to monitor operators with renewed licenses and may adjust conditions to ensure compliance. Working with compliance experts can help streamline the process and ensure all requirements are met without unnecessary delays.

Being well-prepared for the renewal process helps avoid interruptions in operations. At the same time, staying up to date with regulatory changes and costs is just as important.

Confused? Let’s Clear It Up!
Navigating gaming licenses can be tricky, but you don’t have to do it alone. Ask your questions, get expert answers, and gain clarity—all in one place!
Confused? Let’s Clear It Up!
Navigating gaming licenses can be tricky, but you don’t have to do it alone. Ask your questions, get expert answers, and gain clarity—all in one place!
Confused? Let’s Clear It Up!
Navigating gaming licenses can be tricky, but you don’t have to do it alone. Ask your questions, get expert answers, and gain clarity—all in one place!

Cyprus Gambling Laws

Gambling operations in Cyprus are governed by the Betting Law of 2019 (L.37(I)/2019) and the Law on Betting 2012. These laws provide a clear structure aimed at balancing the needs of operators with the protection of players.

Main Rules and Safety Measures

The National Betting Authority (NBA) oversees gambling activities and enforces strict rules covering finances, player safety, and operational procedures:

Requirement Category Key Elements
Financial Compliance - Share capital and bank guarantee requirements
- 13% tax rate (including 3% additional taxes and 2% for sports federations)
Technical Standards - Secure payment systems
- Transaction monitoring
- Regular independent audits
Player Protection - Age and identity verification
- Tools for responsible gaming
- Secure account management
AML Measures - Due diligence procedures
- Monitoring and reporting of transactions
- Record-keeping requirements

Licensed operators are required to follow strict compliance protocols, including:

  • Using secure electronic payment systems authorized by Cyprus-based banks.

  • Providing regular training for staff on anti-money laundering (AML) and player safety procedures.

  • Keeping detailed transaction records and monitoring all activity.

  • Implementing responsible gaming tools as mandated by the NBA.

The NBA ensures adherence to these standards and can impose penalties, including license revocation, for non-compliance. This regulatory setup has helped establish Cyprus as a trusted location for gambling businesses.

For anyone looking to obtain and maintain a gambling license in Cyprus, understanding these rules is crucial for planning costs and timelines effectively.

Fees and Time Frames

Understanding the costs and timeline involved is crucial when applying for a Cyprus gambling license. Here's a breakdown of the key financial requirements and processing stages.

Cost Structure

Below is a summary of the mandatory fees and financial commitments:

Cost Type Amount Notes
License Fee (1 Year) €30,000 75% refundable if the application is rejected
License Fee (2 Years) €45,000 75% refundable if the application is rejected
Share Capital €500,000 Must be maintained throughout the license period
Bank Guarantee €550,000 Specific prerequisites must be met
Registration Fee €165-€265 Includes a €100 fast-track option
Annual Renewal Fee €30,000 Required for continued operation
Gaming Tax 13% As outlined in gambling laws
Annual Supervision Fee €2,000 Covers regulatory oversight costs

Time to Complete

The licensing process involves several stages, each with its own timeline:

  • Initial Processing: Typically takes 2–3 months.

  • Document Review: Adds up to a total of 4–7 months for full processing.

  • License Renewal: Should begin 3 months before the current license expires.

For those in a hurry, there's a fast-track registration option for an extra €100, which may help speed up the process.

Additional Considerations

Keep in mind that other expenses may arise, such as legal fees, office setup costs, and hiring local staff. These should be factored into your budgeting to avoid surprises.

Insider Access Now!
Stay updated with the latest gaming industry news, licensing insights, and expert advice
Insider Access Now!
Stay updated with the latest gaming industry news, licensing insights, and expert advice
Insider Access Now!
Stay updated with the latest gaming industry news, licensing insights, and expert advice

Summary

The Cyprus gambling licensing system, managed by the National Betting Authority (NBA), offers access to the European iGaming market through two types of licenses: Class A for physical betting and Class B for online betting. This system is designed to ensure a secure and well-regulated environment for operators within the EU.

The licensing process typically takes 4-7 months and involves submitting detailed documentation and undergoing technical evaluations. Key requirements include:

Requirement Type Details
Business Setup Corporate base in Cyprus, at least 2 directors
Technical Compliance Secure data storage and gaming audits
Regulatory Standards AML procedures and player protection policies
Ongoing Oversight Regular reporting and compliance checks

Cyprus offers a well-organized regulatory framework and access to the EU market, making it appealing for operators. However, it's crucial to assess the upfront investment and meet the strict compliance standards.

To operate successfully, license holders must implement robust player protection measures and adhere to NBA regulations at all times. These high standards have positioned Cyprus as a respected jurisdiction in the gaming industry, attracting operators dedicated to strong operational practices.

WHY MGL?

Here are 5 reasons why we are the best fit for your project

1. Efficiency

1 Form: Just one form to fill out—we handle everything else.
30 Minutes: All we need from you to kickstart the process.
1-3 Days: Fast company formation so you can start using your business immediately.
6-7 Weeks: Get your casino licensed.


2. Real-Time Communication

1 Hour: Average response time for quick and seamless support.
Connect Anytime, Anywhere: Stay connected via WhatsApp, Telegram, Skype, email, or your preferred platform.

3. Transparency

Clear Pricing: All costs are stated upfront in every offer and engagement letter.
Detailed Cost Breakdown: Full understanding of what you’re paying for, with every detail explained.

4. Industry Expertise

Extensive Licensing Experience: Work directly with seasoned licensing experts who have years of success in the iGaming industry.
Practical iGaming insights: Leverage our expertise in navigating real-world challenges for online casinos, extending beyond standard compliance

5. Problem Solvers

9 out of 10 Challenges Solved:
Consulting-Driven approach:
Led by an ex-McKinsey consultant, our team applies a strategic approach to tackle even the most complex issues
We Find the Answers: No matter the question or challenge, we leverage our expertise and connections to find the right answers
Ongoing Support: We are committed to building lasting relationships, providing ongoing support to ensure your long-term success

FAQ

We'll answer
any questions you have

Everything you need to know about Our company. Can’t find the answer you’re looking for? Please chat to our team.

Let’s discuss my project

What are financial requirements for Cyprus Gamblimg License?

Operators must fulfill specific financial criteria, including €500,000 in share capital, a €550,000 bank guarantee, and a 13% gaming tax, as mentioned in earlier sections.

Is online gambling legal in Cyprus for foreigners?

Online gambling in Cyprus is tightly controlled by the National Betting Authority (NBA). Only licensed operators are allowed to offer specific activities, like sports betting. To do so legally, operators must hold a Class B license, which permits online sports betting and events involving human participants.Foreign players are required to use licensed platforms with a .com.cy domain. This ensures compliance with Cypriot laws and safeguards the integrity of regulated betting platforms.Operators must strictly follow these regulations to avoid penalties under the Betting Law of 2012. Both players and operators need to be aware of these rules to stay within the legal framework in Cyprus.

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Navigating the gaming license process can be complex. Here’s a streamlined guide to each step

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