Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
- Telegram
Licenses for online casinos are now available in Ukraine
More recently, the state decided to regulate the activities of the gambling business in Ukraine and bring it out of the shadows. For this, the only correct decision was made – fully legalize it, which allows the state to legislatively control the integrity of business and receive income to the treasury. The same applies to the gaming industry on the Internet; now licenses from online casinos are required to carry out such activities.
Why do you need an online casino license?
Thanks to the adoption of laws on the legalization of gambling, there is no need to register your business in the jurisdictions of other countries and Ukrainian companies involved in the gambling business can now return to their homeland and develop their business here, bringing income to their state.
Gambling licensing makes business legal and transparent, which allows companies to operate calmly and confidently. This is also a huge plus for players, since they can be confident in the security of their funds, the software that is provided to them, as well as the strict confidentiality of personal data provided for processing to participate in games.
Operating online casinos without a license is punishable by law and is fraught with financial sanctions in the form of huge fines.
The Crystal Tax company will help you easily understand all the features of the new legislation, as well as obtain licenses for online casinos quickly and without any hassle for clients.
Who can buy an online casino license?
According to the law, only a legal entity can be the organizer of gambling – resident of Ukraine. This norm allows local companies to develop and compete with each other.
Also, a business entity must have an authorized capital of no less than UAH 30 million. This capital cannot be formed from budget funds.
In addition, you need to open a bank account and make a deposit in the amount of UAH 34 million.
A license for an online casino is required for those entities whose activities involve:
- place bets;
- availability of winnings;
- prizes, including money.
The license applicant must fully comply with all legal requirements.
How much does a license for an online casino cost?
The law also stipulates how much a license for an online casino costs. Its price depends on the size of the minimum wage established by the state. It amounts to 6,500 minimum wages.
A permit for gambling activities is issued for a period of 5 years, which makes it possible to fully recoup all costs of starting a business and make a profit.
Seek advice from experienced specialists of our company, and you will be able to receive professional recommendations, as well as develop an action strategy based on the characteristics of your business.
How to obtain a license for an online casino?
The licensing procedure includes several stages:
- familiarization with licensing terms;
- preparation of necessary documentation;
- submitting an application and documents to the relevant authorities;
- consideration of the application;
- payment of license.
In case of refusal, there is the possibility of appealing the decision.
To avoid being refused, contact the professional lawyers of Crystal Tax, who provide a wide range of services:
- legal advice;
- preparing a documentation package;
- submitting an application to the licensing authority;
- representation of interests;
- apostille of documents.
If you need a license for an online casino, become a client of our company right now. We will take care of all the problems and concerns regarding licensing your gaming business. We will develop a strategy for quickly and guaranteed obtaining permission to operate individually for each client.
Page rating5 / 5
If you find an error or inaccuracy in the text, select it and press Ctrl + Enter
- Telegram
Order a service
Briefly describe your task: the country, the business activity and the timing. That is enough for us to propose a solution and the order of work.
We reply within one business day.
Or message us
Telegram
WhatsApp
Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.