In order to get a gambling license in Malta and run GS-Poker-empowered online poker site legally as a Maltese company, you will need to do the following:
Our partner Fides Corporate Services Ltd., a well-established, experienced and competent firm, will provide the legal services you will need to obtain the Maltese gambling license. They offer fast, reliable and specialist advice and assistance in all the necessary corporate, trust and investment services relating to the financial services business in Malta. Contact them at 5/1 Merchants Street, Valletta VLT 1171, Malta, tel. +356 2010 7755. See also: Maltese Lotteries and Gaming Authority (LGA).
The steps mentioned above are detailed below. We can also put you in touch with a Maltese law & consulting company that will help.
The initial cost of setting up a Maltese company in order to apply for an online gaming licence will amount to around 5,500 EUR, which includes:
The application for the gambling license will cost an initial 2,330 EUR. This application fee is not refundable should the application fail to be accepted.
After you gather all necessary documentation and information, a law firm can file the application within two weeks. The application will take around 1 1/2 months to be processed, and then you will be given a six-month period within which to establish the business in Malta, conclude all necessary agreements and carry out the necessary testing of the set-up. After this six-month period, LGA will issue a formal licence after the compliance certificate is obtained, which normally takes two weeks.
The first stage is to conduct a fit and proper exercise on the applicant. LGA analyses all information related to persons involved in financing and management and on the business viability of the operation. LGA conducts probity investigations with other national and international regulatory bodies and law enforcement agencies. It also carries out a financial analysis of the business plan. At this step, you will need legal guidance (EUR 11,800) and key official fees (EUR 6,800).
For each qualifying shareholder with 5% or more interest, you will need:
The business plan you submit will need include the following:
Once the documents above have been successfully inspected, the instruments required to conduct your business will be examined as well. This process includes examining incorporation documents; the games; the business processes related to conducting the remote games; the rules, terms, conditions and procedures of the games; the application architecture and system architecture of the gaming and control systems.
The following documentations must be submitted at this stage:
Detailed description about:
Random Number Generator:
Specification of the Gaming System To submit following information:
Contracts with Business Partners:
At the end of the examination the applicant is given a Letter of Intent (LOI) to operate remote gaming with the intent of obtaining a certification of compliance within six months. The applicant may then establish the business in Malta, conclude all agreements and carry out testing of the set-up. A formal licence is issued when LGA obtains approval from the compliance certification entity. A normal compliance certification procedure takes two weeks to be carried out.
A Service Provider Authorisation Form, if applicable, shall be included. This shall include the agreement with the equipment hosting provider in Malta, outlining clearly the functions and responsibilities to be carried out by such provider. A site plan of the data floor indicating the location of the equipment must be attached to the agreement. Serial numbers for all equipment installed are to be attached.
Details or copies of agreements with all third parties which may impact the licensee's gaming or control systems are also required by LGA (such third parties include the gaming software provider, all payment service providers, any odds/results provider used, and any other software partners).
After the "Letter of Intent" is issued by LGA, you will deploy your system and set-up the business in Malta. You will have to pay an annual license fee of EUR 7,000 pluc a compliance audit fee of EUR 5,000.
The licence is then issued for a period of five years.
Each year, you will have to pay:
 Remote Gaming Regulations 2004, 20 April 2004, lga.org.mt.
 Companies Act, To regulate in place of the Commercial Partnerships Ordinance, limited liability companies and other commercial partnerships, 1st January 1996, justice.gov.mt.
 The BOV Group (owner of Bank Of Valletta) is a leading financial services provider in Malta, providing a full range of financial services including investment banking, private banking, fund management, bancassurance and stockbroking. Domestic operations include a national network of 41 branches, a Corporate Centre, 5 Business Centres and a Wealth Management arm, tariff of charges.