Vanuatu Gaming License
The Vanuatu Gaming License is an attractive option for online casino operators seeking a cost-effective and reputable way to enter the global online gaming market. In 2024, Vanuatu introduced a renewed and updated licensing framework under the Vanuatu Interactive Gaming Act, designed to modernize the online gambling industry. This renewal provides operators with a more efficient, compliant, and secure way to obtain licenses through an entirely online application process.
Issued by the Vanuatu Gaming Authority (VGA), the license is recognized for its straightforward process, favorable tax structure, and strong compliance framework. Whether you are an established operator or just starting, a Vanuatu gaming license offers the necessary legal framework to operate in pre-regulated markets.
With a license valid for 15 years, operators can offer a wide range of gaming options, from online casinos and sports betting to live casino games and novel gaming verticals like crash games. The ability to use both fiat and cryptocurrencies further enhances its appeal to a global gaming audience.
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FAQ's
What is a Vanuatu Gaming License?
A Vanuatu Gaming License is an official permit issued by the Vanuatu Department of Customs and Inland Revenue (VDCIR), allowing operators to legally conduct various online gaming activities, including casino games, sports betting, and poker. This license is ideal for operators targeting pre-regulated markets.
Who can apply for a Vanuatu Gaming License?
Any business or individual looking to operate an online gaming platform can apply for a Vanuatu Gaming License. However, applicants must meet specific requirements, including due diligence checks on the Ultimate Beneficial Owners (UBOs) and proof of financial stability.
How long does the application process take?
The application process for a Vanuatu Gaming License typically takes around one month. This timeline depends on the completeness of the application and how quickly any additional requested documents are submitted.
What are the main requirements for obtaining a Vanuatu Gaming License?
Applicants must submit a detailed business plan, due diligence documents for UBOs, proof of Source of Wealth (SOW), proof of Source of Funds (SOF), and relevant Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) policies. Additionally, operators must establish a Vanuatu-based company.
How much does a Vanuatu Gaming License cost?
The initial application fee for a Vanuatu Gaming License is approximately €5,000, and the annual license fee is €10,000. There is also a wagering activity tax of 1% on gross gaming revenue (GGR), but no corporate tax is applied.
Do I need to visit Vanuatu to obtain the license?
No, the entire application process can be completed online. Applicants do not need to visit Vanuatu, but they must establish a local company and maintain a presence on the island.
What gaming activities are covered under the Vanuatu Gaming License?
The Vanuatu Gaming License covers a wide range of gaming activities, including online casinos, sports betting, live casinos, poker, bingo, keno, crash games, and novelty games. Both fiat and cryptocurrency transactions are permitted.
How long is the Vanuatu Gaming License valid?
The Vanuatu Gaming License is valid for 15 years from the date of issuance. Operators must maintain compliance with Vanuatu's regulations throughout this period to retain the license.
What makes the Vanuatu Gaming License attractive compared to other jurisdictions?
The Vanuatu Gaming License offers low licensing fees, a favorable tax structure (no corporate taxes), and a streamlined application process that can be completed online. This makes it an attractive option for startups and established operators looking to minimize costs.
Can I use the Vanuatu Gaming License to operate globally?
While the Vanuatu Gaming License allows for global operations, it is mainly targeted at pre-regulated markets. Operators should seek legal counsel regarding the specific regions they plan to target, as certain markets may have restrictions.
