Legal services for gambling business
IGaming business is one of the most profitable and promising. However, running such a business is associated with certain risks and difficulties caused by the ambiguous status of the gambling niche in different countries. In addition, the attitude of regulators to this area is constantly changing, and the conditions for opening and running a business are also undergoing changes. Therefore, if you decide to open an online casino or bookmaker’s office, you will need professional legal services, which OpenCasino specialists are ready to provide.
Registration of legal entities
Registering a gambling company abroad is almost the only way to do business in the gambling industry. Offshore companies can enjoy tax exemptions, reducing tax costs, as well as operate in many countries around the world, which is extremely favorable for online casinos and bookmakers. The process of registering a legal entity abroad is quite complicated, so we recommend you to turn to the OpenCasino service. We can help you open companies in the following jurisdictions:
Cyprus
Due to the high reputation of Cyprus against other offshore jurisdictions, this country is chosen by the majority of gambling companies that care about their legal status. Low tax burden is achieved due to the signing of double taxation exclusion agreement with 60 states, as well as low fees. In addition, there are many additional taxes — on dividends, capital gains, sale of securities and so on. It is not very difficult to register a company in Cyprus, and it is not expensive to maintain it. There is no currency control. If the business incurs losses, tax deductions are carried forward until the losses are covered by profit. Most of the expenses can be transferred to the cost of production.
OpenCasino lawyers will provide a full range of services for business registration in Cyprus. Thanks to the many years of experience of our staff, this procedure will be carried out as quickly as possible and will require a minimum of involvement from the client.
Europe
To conduct iGaming business internationally it may be necessary to register in European countries. Each state differs in its own rates of taxation, other fees and peculiarities of doing business. Therefore, the most suitable jurisdiction should be chosen for each type of activity. The EU stimulates economic development and encourages business. For example, Poland and Estonia have significantly reduced corporate tax in special economic zones. England and Portugal, with their large and competitive market economies, provide excellent conditions for doing business. Foreign companies registered in Malta can count on reduced corporate tax. Lithuania is a country with one of the easiest schemes for starting and running a business.
If you want to register your business in Europe, contact OpenCasino. We will help you choose the right country specifically for your destination, and we will take care of your business start-up obligations.
Curaçao
Curacao is one of the most common jurisdictions for gambling business registration. This is not surprising, because the island offers the most favorable conditions for the iGaming industry. Here you can get a local license for gambling business. The conditions for obtaining a license are quite simple, and the procedure is accelerated. Technical support of gambling sites is at a high level. No tax is levied on profits. To do business with Curacao, an office and a resident director are mandatory on the island. iGaming-companies pay standard and flat tax of 2%.
OpenCasino lawyers are ready to help you open a business in Curaçao. Thanks to many years of experience with this jurisdiction, we will ensure fast registration.
St. Vincent and the Grenadines
In the island state of St. Vincent and the Grenadines it is also profitable to register a gambling business. The offshore company receives a tax-free status, the content of the company is quite low, and the state policy is aimed at supporting foreign business. Only a formal document will be needed for registration, which is the Memorandum of Association. The state does not have any requirements regarding the nationality of the founder, so a citizen of any country can open a business.
If you have decided to open a business in St. Vincent and the Grenadines, contact OpenCasino. We will help you gather all the necessary documents, fully advise you on the terms of registration and accompany the entire process of company registration.
Anjouan
Opening an iGaming company in Anjouan is beneficial for several reasons. In this jurisdiction it is possible to reduce taxes by registering a business form IBC. In Anjouan, licenses for gambling activities are issued. Due to the optimal geographical location of the country, companies with local registration can enter the markets of Asia, Africa and the Middle East. The business registration procedure is quite simple and short – it takes from 5 to 7 days.
OpenCasino specialists will help you to collect all the necessary documents for filing for business registration in Anjouan. Also, having analyzed the peculiarities of iGaming site operation, we will recommend the right form of business – LLC, IBC or JSC.
Canada
Opening a business in Canada is quite promising and profitable. There are many government programs in this country to attract foreign companies. Financial stability, excellent infrastructure, high level of economy and lack of bureaucracy contribute to doing business in Canada. The state has signed a double taxation treaty with 90 countries.
Registering a business in Canada is a complex process with many nuances. It is necessary to choose the right legal form of organization, to ensure that the company meets the requirements of local legislation, to collect the necessary documents, and so on. OpenCasino specialists will help you to solve all these issues.
UK
Great Britain is a country with a stable economy and the most developed banking system, which attracts foreign businessmen. There are other favorable conditions for registering a business here: simple reporting to the tax authorities without paperwork, taxes are paid once a year, there is no need to appoint a local company director, and business can be conducted with only one nominal employee (secretary).
Registering a company in England is very different from starting a business on the continent. This is due to the fact that the UK uses a challenger jurisdiction. Therefore, establishing a business in this country is quite a complicated process. OpenCasino employees are well acquainted with all the peculiarities of business registration in England, and are ready to provide you with comprehensive assistance in this procedure.
Trademark registration
Once any business is established, trademark registration is required. This process will protect goods or services from plagiarism and copying. In addition, a trademark increases brand recognition.
A trademark is a graphic image that can have any shape, color and shades. Numbers, letters, drawings, mottos, graphics, icons, etc. can be used as a brand. In addition, the graphic component can be supplemented with sound.
Each country has its own requirements for the image of a trademark. However, there are some common conditions for all states. It is forbidden to use immoral details that offend people’s feelings. It is forbidden to insert quotations of famous people without their personal consent. No written or graphic call for violence and breaking the law can be used in the trademark.
The larger the scale of the business, the greater the requirements for the brand image. If you are going to operate internationally, you need to comply with the requirements of all the countries in which you will be operating. For example, in the USA it is not allowed to use state symbols in trademarks, and in England — elements associated with the Queen.
OpenCasino will help you with the trademark registration process. Our experts will study the GEO and approve the trademark design. We will also advise you on the most appropriate country for registration, which will be in line with your business plans.
Preparation of legal documents
OpenCasino provides services in drafting and preparing various legal documents, including internal documents such as NDAs for employees, share agreements and many others. Our lawyers have many years of experience in filing documents for incorporation of iGaming companies for different jurisdictions.
Choosing the best jurisdiction for you
The success of a gambling business largely depends on the country in which to register it. OpenCasino specialists will study your future business in detail, analyze the future development strategy, and based on the information obtained will choose the most optimal jurisdiction. Our lawyers will help you to collect the necessary documents to apply for a legal entity, and will fully support the registration.
Conclusion
iGaming business has its own peculiarities and nuances, and is very different from traditional forms of activity. For your business to be registered and work effectively, please contact OpenCasino company. We specialize in providing legal services in the field of iGaming, and we are ready to provide comprehensive assistance to companies working in this niche.
