If you’re thinking about launching an online casino, you need to pick the right country. Choosing the right country can affect everything from your startup costs to how much tax you pay. Some licenses will give you access to more markets than others, and licenses from respected regulators will increase player trust. You should find a good balance between regulation, taxation, and growth opportunities.
Canada
Kahnawake is an Indigenous reserve in Canada that’s ideal for your startup if you want to target the North American market. Licensing is affordable and quick with attractive terms for startups. The application time is 8 to 16 weeks, and you will pay an annual fee of $5,000.
One of the reasons you may want to launch in Kahnawake rather than in the U.S. is that you will pay zero gaming tax. The states in the U.S. have varying tax rates for online gambling, and Pennsylvania has one of the highest tax rates in the country. Players can access online casino games in the state either via web browser or a casino app.
Malta
Malta is a highly respected country in the iGaming world with access to the European market. The Malta Gaming Authority (MGA) has a comprehensive and transparent licensing process, which increases player trust.
Malta also has a tax advantage, as tax revenue is only about 5%. The infrastructure is solid and the workforce is highly skilled. The government supports startups in various ways, such as offering grants and tax benefits. If you’re targeting European markets and looking for long-term credibility, this country is a good choice for you.
Curaçao
Curaçao, a small Caribbean island, offers a developed business environment and favorable tax conditions. A revamped Curaçao Gaming Control Board (CGCB) provides two types of licenses that cover all major online gambling activities. You can submit your application for a license through an online portal, and it is valid for a year. Curaçao is moving towards a more transparent and secure iGaming sector.
The United Kingdom
The UK Gambling Commission (UKGC) oversees the industry, and its strict regulations offer a stable regulatory environment, increasing player trust. You will pay 15% tax on your gross profits. The gambling market in the UK is a lucrative one with a strong culture of gambling and many experienced gamblers with useful betting tips, especially when it comes to sports betting.
You also have access to a highly skilled workforce there. If you want to target U.K. players and are willing to meet the strict compliance standards, the U.K. is a good country for an online casino startup.
Gibraltar
Legalized gambling is growing globally, and major gambling companies tend to choose this British overseas territory for their operations. The Gibraltar Regulatory Authority (GRA) has a good reputation, and licenses are highly respected. Gibraltar gives you a strategic base from which to tackle the European market. Corporate tax rates are 10% and there’s no value-added tax on gambling services.
