Why is a Gambling License in Estonia Important For Business?

Why is a Gambling License in Estonia Important For Business?

SBSB Fintech Lawyers is an international law firm that specializes in providing comprehensive legal services to the cutting-edge fintech, cryptocurrency, gambling, and investment industries. Over the 10 years of its existence, the company has become a pioneer in the field of legal support for projects in these innovative areas. Exclusive specialization has allowed the firm to accumulate extensive expertise and learn to flawlessly navigate a complex and constantly changing legal field. The firm also offers services to the gaming and investment sectors.

Main features of Gambling license in Estonia

Obtaining a license to organize online casinos and betting in Estonia opens up broad opportunities for the development of the gaming business in the European market. This Baltic country has created transparent conditions for foreign investors to get a iGaming license in Estonia and is known for its favorable attitude towards the gambling industry. After gaining independence, the country legalized gaming activities, and since 2008 the regulator began issuing licenses. Not only for real-life establishments but also for online casinos. Key advantages of Estonian jurisdiction for gambling operators:

  • Low tax rates are among the most attractive in Europe. From 5% to 18% depending on the type of gambling. The corporate tax rate is 20%;
  • Prestigious and respected jurisdiction. The Estonian regulator has developed standards for the transparent operation of operators, rules for fair play, and protection of player interests;
  • Long license period. Permits are issued for 20 years and 5 years for lotteries and online gambling;
  • Developed technological infrastructure. The state invests in digital technologies, ensuring stable functioning.

Getting a license involves going through multiple steps. The candidate needs to establish a legal entity in Estonia or the EU, submit a state fee, and present a set of documents including details about management and shareholders, a business proposal, game regulations, software information, and assessments from external professionals. Professional lawyers are prepared to offer comprehensive assistance for every stage of the licensing process, starting from selecting the most suitable permit type to preparing necessary documentation following the regulator’s specifications. Teams such as SBSB firm will handle all legal matters.

 

 

The Best Solution For A Gambling Business

Obtaining a gaming license in Estonia is a profitable solution for companies planning to scale their business and enter the European gaming market. Transparent licensing conditions, low taxes, and a respected jurisdiction will provide a solid legal basis for the successful operation of a casino and betting operator. Experienced lawyers will take care of all legal issues, allowing you to focus on developing your core business.