Here’s a closer look at the three-step process for incorporating your iGaming company in Nevis. This structured approach ensures your business idea becomes a fully operational entity while meeting local regulatory standards.
Step 1: Company Formation
The first step involves reserving your company name and selecting the appropriate entity type. MGL’s team conducts a thorough name check to confirm availability and compliance with local regulations. At the same time, they prepare foundational documents like the Memorandum and Articles of Association, which outline your company’s objectives, share structure, and governance.
Once all paperwork is ready, MGL submits the incorporation application to the Nevis Registrar of Companies. You’ll receive your Certificate of Incorporation electronically within two business days, while the original corporate kit arrives via courier within 3–7 days. After incorporation, MGL sets up a strong compliance framework to ensure your company is ready to operate.
Step 2: Compliance and Documentation
This phase focuses on preparing all the regulatory documentation your iGaming business needs. MGL’s legal experts develop Anti-Money Laundering (AML) and Know Your Customer (KYC) policies that meet both local and international standards. Additional corporate governance documents, such as board resolutions and bank account mandates, are also prepared.
MGL also creates a detailed business plan, which serves as an operational guide and a regulatory requirement. Other essentials, like securing a registered office address in Nevis and arranging local directorship services (if needed), are handled at this stage. Once these pieces are in place, attention shifts to licensing and financial setup.
Step 3: Licence Application and Banking Setup
The final step involves applying for your licence and establishing corporate banking. MGL compiles a complete licence application package, which includes your business plan, compliance policies, financial projections, and technical specifications for your gaming platform. The team works closely with regulatory authorities to ensure a smooth review process.
Next comes the corporate banking setup, which typically takes 3–4 weeks due to the in-depth due diligence performed by financial institutions. Leveraging its strong relationships with banks, MGL simplifies this process. Once your account is approved, payment providers are integrated to set up merchant services and gateways, ensuring everything adheres to industry standards.
Throughout all stages, MGL keeps you updated and handles any additional documentation requests to ensure the process runs smoothly.
With MGL’s guidance, your Nevis company can be incorporated in as little as 1–2 weeks. Banking and payment processing integration typically follow within an additional 3–4 weeks, bringing your iGaming business to full operation.
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If you have any questions
If you have any questions
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