Russian
English
Gambling License in Tobique
When starting operating in gambling industry compliance with requirements of the effective legislation is crucial. Licensing matters receive increased attention In Tobique. Our team is ready to assist you in legalizing your activity by acquiring a license avoiding excessive expenses.
Various types of gambling licenses are available in Tobique. There are licenses directly related to organizing gambling activities, as well as those granting the right to advertise gambling, develop gambling products, etc.
Holding a valid license for any type of offline gambling activity enables the licensee to organize online gambling as well. However, possessing an online-gambling license does not grant the right to conduct offline gambling or any other activities.
Document Requirements
Among other things, the following documents must be provided:
- Responsible gambling policies.
- Proof of domain ownership.
- Confirmation of a working web-page with a functioning license validator, displaying company information, a responsible gambling section, details on dispute resolution methods, contact information, and AML & KYC policies, among others.
- Information on game content, random number generator (RNG) certificates, and player payout data.
- Proof of residence for stakeholders and directors.
- Bank documents for the last 3 months and verification of their sources of income (SOW/SOF).
- Proof of experience and qualifications in the gambling industry.
Key Steps and Timeframes
- Registration of a legal entity (it may be established in a jurisdiction other than Tobique).
- Preparation and filing of the required document package, along with payment of the initial fee.
- Licensing fee is payable after the application is approved.
Costs
To obtain a license, the following expenses must be covered:
- Initial fee – €2,500
- Licensing fee for the first year – €18,000
- Application assistance and support for the first year – €18,000
- Annual fee for governmental services – €7,000 (charged only after license issuance and includes up to five domains).
- Annual license renewal – €10,000
- Technical maintenance to meet legal requirements – €4,000 per year
Key Features
Registering a juridical person in Tobique’s jurisdiction is not required to acquire a license.
A Tobique license does not allow business operations in some regions such as the UK, the United States, Ontario, and New Brunswick. It also prohibits services in jurisdictions on the FATF blacklist or under international sanctions. User registration from these territories is also restricted.
In conclusion, acquiring a gambling license in Tobique offers significant opportunities for businesses looking to enter the gaming industry in a regulated environment. The process, while straightforward, requires a thorough understanding of the local regulations and compliance requirements to ensure a smooth and successful application. Our experienced team of lawyers is ready to assist you every step of the way, providing expert guidance and ensuring that your application meets all necessary legal standards. Contact us today to begin your journey towards obtaining your gambling license in Tobique with confidence.
