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The 2004
Remote Gaming Regulations have expanded the range of
licensed gambling
operations that can be performed via Malta to include online
gaming in addition
to traditional fixed odds operations. License are now
available for online
casinos, casino-style games, betting exchanges and lotteries.
These new laws
have created a system of checks and balances ensuring that Malta
retains its
competitive edge as an advantageous yet seriously regulated
gaming regime.
Our specialised
iGaming Unit, in close collaboration with the gaming and
tax lawyers at
Chetcuti Cauchi Advocates, assists clients through all
stages of the licence
application process. Upon the issue of the relevant
licence that today, Claris
assists its clients in all operational and technical aspects of
the setting up
and everyday running of their operation in Malta.
Backed by years of gaming
experience,
our
iGaming Unit understands the specialised demands of the
gaming industry and
is capable of responding efficiently and promptly to the unique
requirements of
each gaming client.
Types of Gambling
Licenses in
Malta
.
-
Class
1 � Online Gaming License
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Class
2 � Online betting office license or an online betting
exchange office
license
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Class
3 � License to promote and abet gaming from Malta
-
Class
4 � License to host and manage online gaming operators,
excluding the
licensee himself
Taxation on all Three
Classes
-
Online Gaming License - a sum of LM 2000/month in the
first six months after
the issue of the license & Lm3,000 per month for the
entire duration of the
of the license period.
-
Online gaming operated by a Class 4 Remote Gaming
licensee, licensee who
operates the hosting platform shall not pay any tax for
the first six months
after the issue of the license, then he pays one
thousand Maltese Liri
(Lm1,000) per month for the subsequent six months and
subsequently two
thousand Maltese Liri (Lm2,000) per month for the entire
duration of the
license.
-
Licensees operating from the hosting platform - a sum of
Lm500/month.
-
Online Betting Operations - a sum equivalent to 0.5% on
gross amounts of
bets.
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Online Betting Exchanges - a sum equivalent to 0.5% on
the sum of all net
winnings calculated per player
-
Pool
betting � a sum equivalent to half of one per centum
(0.5%) on the aggregate
of stakes paid.
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Provided that in all cases the total maximum of tax
payable per annum by one
licensee in
respect of any one license shall not exceed Lm200,000.
Malta
Companies
-
Gaming operations can take the form of Maltese ITCs
(onshore European
companies)
-
Normal corporate tax rate on worldwide income at 35%
-
Tax
Refunds to non-resident shareholders of up to 31%
-
Possible Effective Tax rates of 4%
-
Favourable double-taxation agreements with key
countries.
-
Confidential shareholding possible.
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Fast-track incorporations (24hr service)
Our Service
For more information on how we can help you, please
Contact Us
at your
convenience.
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