Cyprus Online Betting License

Cyprus Online Betting License

Secure Your License with C. Hadjivangeli & Partners LLC

Cyprus is a premier European jurisdiction for online betting operators, combining a transparent regulatory framework, competitive tax rates, and strategic access to global markets. Whether you’re launching a sportsbook or expanding into regulated markets, a Cyprus betting license offers credibility and compliance with EU standards.

Why Cyprus?

• Regulatory Clarity: Cyprus licenses betting services only—both land-based and online. Prohibited activities include online casinos, poker, and slots, ensuring focused oversight.

• Tax Efficiency: Operators pay 13% of gross gaming revenue (10% betting tax + 3% administrative fee), one of the lowest burdens in the EU.

• Global Reach: Operate across Cyprus and international markets, leveraging the island’s reputation as a trusted EU hub.

• Swift Licensing: Approval typically takes 2–3 months, with clear guidelines from the National Betting Authority (NBA).

License Types

| Class A | Land-based betting shops |
| Class B | Online betting (sports, esports, and non-sporting events) |

Fees: €30,000 annually or €45,000 for two years.

Key Requirements

• Corporate Structure: Establish a Cypriot company or partner with a local entity.

• Financial Commitments:

  • Minimum paid-up capital: €500,000.

  • Bank guarantee: €550,000 (valid for 6 months post-licensing).

• Compliance:

  • AML/KYC systems, player verification, and transaction transparency.

  • Responsible gambling tools (self-exclusion, deposit limits).

  • Electronic payments only for online operators (no cash transactions).

• Background Checks: Clean criminal records for all directors, shareholders, and beneficiaries.

Why Partner with Us?

C. Hadjivangeli & Partners LLC provides end-to-end legal support:

• Licensing Strategy: Tailored advice on structuring your business for compliance.

• Documentation: Preparation of applications, financial guarantees, and operational policies.

• Banking Setup: Assistance with securing guarantees and corporate accounts.

• Ongoing Compliance: Audit support, regulatory reporting, and dispute resolution.

With expertise in Cypriot corporate law and EU gaming regulations, we ensure your business operates seamlessly within legal boundaries.

This publication has been prepared as a general guide and for information purposes only. It is not a substitution for professional advice. One must not rely on it without receiving independent advice based on the particular facts of his/her own case. No responsibility can be accepted by the authors or the publishers for any loss occasioned by acting or refraining from acting on the basis of this publication. This article is for informational purposes only. For further advice, please contact us at the contacts listed on the site.