In order to start an iGaming business in Malta, one needs to go through a number of steps, with the main and most complex one being, applying for a remote or land-based gaming licence. The application process is a long one and requires a series of in-depth audits and reviews. With that being said, Malta is one of the most renowned countries in the EU with regards to the iGaming industry, as there are many reasons why Malta makes an excellent destination for iGaming companies.
Companies that are opening an iGaming business in Malta need to apply for a valid gaming licence, which is granted by the Malta Gaming Authority (MGA). In order to receive such a license, the applicant needs to go through a lengthy application process, which in some cases, can take up to 18 weeks. There are various Gaming license types in Malta and one can choose to either apply for a B2C license or a B2B license.
Malta is an attractive and reliable leading destination for opening and operating iGaming companies. The island has been gaining popularity since 2004 when it became the first nation in the European Union to legislate online gaming.
When it comes to opening an iGaming company in Malta, one has to be aware of the lengthy license application process, license types depending on the type of gaming desired and the tax and administrative fees required by the Malta Gaming Authority (MGA).In this article, we will explain the tax treatment for iGaming Companies in Malta and highlight all the fees that need to be paid, depending on the type of gaming company being set up.
Malta has grasped the iGaming industry and its iGaming firms are currently leading when it comes to being the best in business. The success of iGaming in Malta has made the Maltese people to become experts when it comes to iGaming and this makes us rename Malta as Europe’s Silicon Valley when it comes to their expertise in the iGaming industry.