Cyprus Gaming License
Cyprus, strategically located at the crossroads of Europe, Asia, and Africa, offers a favorable environment for the gambling industry. Known for its stable economy and business-friendly regulations, Cyprus has become an attractive destination for online and land-based gaming operators. The gaming industry is regulated under the Betting Law of 2012 (Law 106(I)/2012), with oversight provided by the National Betting Authority (NBA).
Key Features of the Cyprus Gaming Market:
Licensing Categories
- Class A License: Covers land-based sports betting, excluding horse racing.
- Class B License: Authorizes online betting services, excluding casino games, poker, and slot machines.
- Class C License: Includes the operation of state lotteries.
Strict Regulatory Framework
- Operators must comply with stringent anti-money laundering (AML) and player protection regulations.
EU Membership
- Cyprus’ status as an EU member state allows operators licensed in Cyprus to potentially access other European markets.
Benefits of a Cyprus Gaming License:
EU Access and Recognition
- A Cyprus license provides credibility and recognition across the European Union, allowing operators to expand their reach.
Favorable Tax Regime
- The corporate tax rate in Cyprus is only 12.5%, one of the lowest in the EU, making it attractive for operators.
- Betting tax: 10% of gross gaming revenue (GGR), with an additional 3% levied for the NBA and Responsible Gambling Fund.
Business-Friendly Environment
- Straightforward incorporation process for companies.
- Access to a network of double taxation treaties with over 60 countries.
Strategic Location
- Situated at the crossroads of three continents, Cyprus is a hub for international business and gaming operations.
Why Choose VOSS Gaming for Licensing in Cyprus?
Expert Guidance
- Comprehensive support throughout the licensing process, from company registration to compliance documentation.
Tailored Solutions
- Custom strategies to meet your business goals while navigating regulatory complexities.
Local Expertise
- In-depth knowledge of Cyprus' gaming regulations and business environment.
Ongoing Support
- Post-licensing assistance, including compliance audits, operational optimization, and market expansion strategies.
Invest in the Cyprus Gaming Market
With its strategic location, favorable tax regime, and EU recognition, Cyprus offers unparalleled opportunities for gambling operators. Partner with VOSS Gaming to streamline your licensing process and unlock the full potential of this lucrative market.
📧 Email: info@vossgaming.com
Position your business for success in the thriving European gambling market—invest in Cyprus with VOSS Gaming, where strategic location, favorable tax policies, and a trusted EU license pave the way for unparalleled growth and profitability