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
Gaming Project Team 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.
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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
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Class 4 – License to host and manage online gaming operators, excluding
the licensee himself
Taxation on all Three Classes
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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.
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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.
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Licensees operating from the hosting platform - a sum of Lm500/month.
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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
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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
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Gaming operations can take the form of Maltese ITCs (onshore European
companies)
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Normal corporate tax rate on worldwide income at 35%
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Tax Refunds to non-resident shareholders of up to 31%
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Possible Effective Tax rates of 4%
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Favourable double-taxation agreements with key countries.
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Confidential shareholding possible.
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Fast-track incorporations (24hr service)
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