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:
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Types of Licenses: Class A (land-based sports betting) and Class B (online sports betting).
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Financial Requirements: €500,000 share capital and €550,000 bank guarantee.
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Fees: €30,000 for a 1-year license or €45,000 for 2 years.
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Taxation: 13% combined tax rate (10% gambling tax + 3% for sports development).
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Application Timeline: 4-7 months for approval.
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Renewal: Submit updated documents and fees at least 3 months before expiration.
Advantages:
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Access to the EU market.
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Lower tax rates compared to other EU jurisdictions.
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Strict regulatory oversight enhances credibility.
Challenges:
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High upfront costs.
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Local office setup required.
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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.
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Class A licenses apply to land-based sports betting, covering activities at physical locations but excluding horse racing.
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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 |
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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:
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Granting licenses to operators that meet the criteria
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Conducting regular audits to ensure compliance and promote responsible gaming
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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 |
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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:
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Bank Guarantee: EUR 550,000 from a banking institution within the EU
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Guarantee Duration: Must remain valid for 6 months after the license is issued
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Financial Resources: Adequate funds to cover player winnings
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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 |
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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.








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 |
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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:
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Compliance with the Betting Law of 2019
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Financial stability
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Technical infrastructure
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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 |
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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:
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Systems for verifying players' ages
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Tools to help prevent gambling problems
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Secure methods for processing payments
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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:
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Offering white-label platforms
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Developing gambling software
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Providing payment gateway solutions
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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:
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Updated financial statements
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Proof of the required €550,000 bank guarantee
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Compliance certificates
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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 |
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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.








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 |
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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:
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Using secure electronic payment systems authorized by Cyprus-based banks.
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Providing regular training for staff on anti-money laundering (AML) and player safety procedures.
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Keeping detailed transaction records and monitoring all activity.
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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 |
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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:
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Initial Processing: Typically takes 2–3 months.
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Document Review: Adds up to a total of 4–7 months for full processing.
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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.
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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 |
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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.