The Malta iGaming industry is booming, and there are plenty of opportunities for entrepreneurs to get in on the action. Therefore, if you are looking for a place to start your iGaming business, you cannot go wrong with Malta. Essentially, the country boasts a favourable regulatory environment, a generous tax regime, and a skilled workforce.
As the iGaming industry grows in Malta, it is time for companies to explore business opportunities and gain profits from the country’s tax regime. Notably, if you are an entrepreneur in the iGaming industry looking for a reliable partner to help you set up shop in Malta, look no further than Endevio. Specifically, our comprehensive iGaming services will ensure that everything is taken care of – from incorporation, licensing, compliance, and audit, to recruitment of key officers.
Malta as an iGaming Hub
Malta is an iGaming hub. Furthermore, the Remote Gaming Regulation took the country to the top as the first in the European Union to regulate remote gaming. In 2018, the legislative framework overhaul brought comprehensive regulations to safeguard the public interest, generate jobs, attract foreign investment, and prevent money laundering. Moreover, all this without any compromise on the country’s GDP.
Malta iGaming Services
1. Licence Application
We will assist you in obtaining a licence from the Malta Gaming Authority (MGA) through a due diligence exercise on all key persons, directors, and beneficial owners of the prospective licensee. Additionally, we will assist you in preparing your policies and procedures to ensure that you have the operational and statutory requirements to meet the obligations.
Your business plan has to have a detailed operation forecast, including marketing and distribution strategies, an HR plan and growth targets. Fortunately, we can guide you through the application process and provide preliminarily advisory services to identify the type of licence that would fit your business model.
2. Key Functions
Under the new Gaming Act, licencees are required to identify individuals for key functions within the operation. Such functions include the CEO, CFO, CTO, and CMO. Notably, only natural persons should provide key functions. In addition, other official functions, such as Data Protection Officer, Money Laundering Reporting Officer, Internal Auditor, and Legal, may be outsourced. Furthermore, we will assist you in identifying the persons to fill in the necessary key functions within your iGaming operation.
3. Audits and Compliance
Licencees are required to go through a System Audit before they go live. Additionally, the MGA may also request additional System Audits and Compliance Audits. Conveniently, as part of our advisory team, we have MGA-approved auditors who can provide you with Pre-Systems Audits and Pre-Compliance Audits.
In conclusion, if you want to break into the iGaming market, Malta is a great place to do it. Endevio offers a complete package of services that will ensure the process is smooth and stress-free as possible.
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