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The new Vanuatu Gaming License – The Best Low-Cost License

Vanuatu Gaming License: Your Gateway to a Legal Online Gaming Business

Why Choose a Vanuatu Gaming License?

A Vanuatu gaming license is ideal for businesses looking to legally operate online gambling platforms in a cost-effective and efficient jurisdiction. Known for its supportive regulatory framework and straightforward process, Vanuatu has become a top choice for startups and established operators alike.

 

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Vanuatu License Proposal

Contact GBO to streamline your Vanuatu gaming license application. Fill out the form below, and our experts will guide you through every step.

 

Costs of a Vanuatu Gaming License

Costs of a Vanuatu Gaming License

  1. Application Fee: €5,000 (non-refundable, paid to the Vanuatu Gaming Authority).
  2. Annual License Fee: €10,000.
  3. Service Fee by GBO: £10,000 for application preparation, document review, and compliance support.
  4. Optional Company Setup Package: £15,000 for full corporate establishment and first-year operational support.

 

 

Requirements to Obtain the License

Requirements to Obtain the License

  1. Corporate Entity: Incorporate a local company in Vanuatu.
  2. KYC Documentation:
    • Passport copies, proof of address, and police clearance for directors, shareholders, and UBOs.
    • A source of wealth letter certified by a lawyer or accountant.
  3. Financial Stability: Bank statements and a comprehensive three-year business plan.
  4. AML and Gaming Policies: Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Responsible Gaming policies.
  5. Technical Details: Secure gaming software with compliance certifications (e.g., RNG).
  6. Compliance Officer: Appointment of a local compliance officer.

Steps to Obtain Your License

  1. Company Formation: Set up your local entity and register with the Financial Intelligence Unit (FIU).
  2. Document Submission: Complete all forms, including the business plan and AML policy.
  3. Technical Review: Ensure gaming software meets security and fairness standards.
  4. Regulatory Review: Submit documents to the Gaming Authority for approval.
  5. Approval & Operations: Once approved, begin your legal operations under the Vanuatu license.

Benefits of a Vanuatu Gaming License

Benefits of a Vanuatu Gaming License

  1. Cost-Effective: Lower fees compared to many other jurisdictions.
  2. Streamlined Process: Quick application turnaround times.
  3. Global Market Access: Operate legally in numerous jurisdictions.
  4. Business Privacy: Enhanced confidentiality for operators.

Challenges to Consider

  1. Reputation: Vanuatu licenses may not carry the prestige of jurisdictions like Malta or the Isle of Man.
  2. Market Restrictions: Some countries may restrict Vanuatu-licensed operators.
  3. Regulatory Scrutiny: Banks and payment processors may conduct rigorous due diligence.

 

 

 

FAQ - Vanuatu Gaming Licensees

Frequently Asked Questions

1. How long does it take to obtain a Vanuatu gaming license?
The process typically takes 4-6 weeks, depending on document readiness and regulatory reviews.

2. Can I use the license for sports betting and online casinos?
Yes, the Vanuatu license covers a wide range of gaming activities, including online casinos and sports betting.

3. Do I need to be in Vanuatu to get the license?
No, GBO can handle the entire process remotely, but a local company and office are required.

4. Are there additional costs after the first year?
Yes, the renewal fee for subsequent years is £10,000, covering the resident director and office services.

5. Can GBO assist with payment solutions and banking?
Absolutely. We provide guidance and support to set up secure payment systems and banking solutions tailored to gaming businesses.

Written by:

Gilad Oren

With 25 years in the industry, I’ve built my career around finance and online marketing, with a strong focus on the gaming sector. I founded GBO International Financial Services, where we specialize in corporate services for gaming companies, including company formation, banking, licensing, and merchant accounts. My work is all about helping gaming businesses navigate the complexities of the industry. 

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GBO International Financial Services, founded by Gilad Oren, specializes in gaming corporate services and online casino software solutions. With over 15 years of experience, they provide strategic consulting, incorporation services, licensing, payment solutions, and white label solutions globally. GBO attends major gaming industry conferences and aims to be a leading gaming license provider, focusing on the Asian and European markets.

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