Vanuatu License:
Maximize Earnings with Vanuatu's Tax Benefits
Acquire Vanuatu Gaming License for Your Online Casino and Get Ahead of Competitive Curve
If you are looking to start your own online casino or casino gaming business then one of the most important steps is getting the right license. The Vanuatu Gaming License is a popular choice because it is known for being both straightforward and cost-effective.
Many people face challenges when trying to secure a gaming license, like high taxes, and complications in company incorporation, including lengthy processes. But the Vanuatu license offers a simpler and more affordable path, making it easier for you to launch your gaming business without unnecessary stre
How Fabulous BV Enhances Your Online Gaming Success?
At Fabulous BV, our team makes the entire online gambling Vanuatu license process easier. We know the process inside and out, which makes it easier for our team to help you get started on the right foot and without any hassle.
Our team will walk you through each step, making sure all your paperwork is correct and that you meet every requirement. This way, you can focus on starting your gaming business quickly and smoothly, without worrying about the complicated details. We are with you from start to finish, making the whole process simple and stress-free.
Vanuatu Interactive Gaming License
The Vanuatu Interactive Gaming License (VIGL) is designed for operators targeting pre-regulated markets. Vanuatu gaming authority offers a Business-to-Consumer license that allows operators to offer a wide range of gaming services, including sports betting, online casinos, live casinos, bingo, keno, lottery, poker, and more. The license also supports the use of both fiat and cryptocurrencies, giving you the flexibility to adapt to different customer preferences. The Gaming License is good for 15 years from when it is issued, however, the license must be renewed every 1 year.
Note: The B2C license is only feasible for the online casinos.
Why Choose Online Gambling Vanuatu License?
Here are the benefits you gain when you choose a Vanuatu online gambling license.
Trusted Gaming Regulator:
The Vanuatu Gaming Control Board is well-known for its strict rules that make sure all gambling is fair and responsible. When you get your license through VGCB, it adds to your business’s reputation, showing your customers that you are committed to offering a safe and honest gaming experience.
Tax Benefits:
One of the biggest perks of having a gambling Vanuatu license is that you do not have to pay certain taxes on your profits. Compared to other jurisdictions, you only get to pay 1% wagering activity tax on Gross Gaming Revenue which is very advantageous for startups. This includes no corporate tax, no withholding tax. This means more of your earnings stay with your business, which can be a big financial advantage.
Growing Market:
The online gaming market in Vanuatu is expanding quickly, with many successful companies already operating there. This growth creates a lot of opportunities for new businesses like yours to thrive and make profits. Being part of a growing market can help your business succeed more easily. Under the B2C vanuatu license your online casino can operate under one valid URL, to get additional URL, a separate fee must be paid.
Vanuatu Company Incorporation Requirements
In order to proceed with Vanuatu company registration and obtain a Vanuatu Gambling License, your company must be incorporated in Vanuatu. The requirements include:
- Completion of a UBO (Ultimate Beneficial Owner) declaration form.
- 1 resident director should be appointed for the Vanuatu company incorporation.
- Notarized passport copy.
- Police clearance certificate.
- Proof of source of funds.
- Proof of address.
- Professional reference letter.
- CV.
- Details of shareholder structure (e.g. how many shares each individual holds)
- Source of wealth period is typically limited to 6 months (Authorities generally expect a comprehensive statement that explains how the UBO accumulated their wealth).
- Bank statement showing the accumulation of funds over a period (commonly more than 6 months).
- Documentation of business sales, asset sales, or inheritance.
- SOW statements prepared by a qualified professional, such as a financial advisor or accountant.
- Provision of a registered office and business address in Vanuatu.
- Appointment of a local Executive Director for the first year.
Vanuatu License Requirements
Securing the gaming license involves several due diligence steps, including:
- Verification of the Ultimate Beneficial Owner(s) identity and source of wealth.
- Submission of a detailed business plan.
- Proof of ownership of gaming domains.
- Relevant certifications for platforms and games.
- Every Licensee must nominate a Responsible Person. This individual will be the primary point of contact for the VDCIR and VGA. No formal qualifications are required but the individual should possess relevant industry experience.
Decision and Licensing Timeline:
After you submit your application, the VGCB carefully examines it to ensure everything is in order. This review process usually takes up to sixty days. If your application is approved, you will be granted a license that allows you to operate your gaming business legally within Vanuatu.
Vanuatu Company Incorporation and License Cost
The cost structure for obtaining a Vanuatu Gaming License includes:
- Company incorporation: USD 20,000 to 30,000
- Gaming license: USD 20,000 to 30,000
Additional costs for optional services such as a Resident Director, Local Shareholder, Company Secretary, are also available, making it easier to manage your business operations.
Begin Your Online Casino Journey the Right Way
Don’t let the challenges of getting a gaming license slow down your casino business. At Fabulous BV, we make the process straightforward and manageable. Get in touch with us today to discover how we can assist you in securing a Vanuatu Gaming License and boost your online gaming venture. Contact our team for a free consultation and start your journey towards success.
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