Online casinos licensed in Estonia

Estonia is a country that survived the economic crisis in 2008 and reached a new level of social and financial development. The online gambling license in this jurisdiction began to be issued in 2010.

In general, 2010 can be safely called the year of the start of the development of gambling in Estonia and the gambling industry in general. In the first year, licenses were issued exclusively to Estonian operators. But already in 2011, the government changed the legislation, which allowed offshore operators to also obtain a license in this jurisdiction.

Details of an online casino license in Estonia

To open your online casino in Estonia, you need to obtain two licenses:

1. License for gaming activities (operational, generalized).
2. Playing license for opening an online casino.

The first one allows you to engage in online gambling (for example, hold lotteries, create sweepstakes, slot machines). It is issued once and for all. The second license is issued to open a specific online project. The second license is valid for 5 years.

All online gambling in Estonia is subject to two legal acts:

• Gambling Act;
• Gambling Tax Act.

The governing and supervisory authority in the field of gambling is the Estonian Tax and Customs Board.

Among the operators that obtain licenses in this jurisdiction, new companies are very often noticed. This is due to the small tax rate on online casino income.

As for the target audience, Estonians after 2008 feel financially secure and are happy to register in various online projects.

Interesting Fact! When this jurisdiction opened up its market to offshore companies, the authorities demanded that all servers hosting the software be strictly within Estonia. But already in 2012, this restriction was lifted.

Pricing policy, conditions and taxes. Requirements to open an online casino

In order for the application to be considered by the Estonian Ministry of Finance, a fee of 3,000 euros must be paid.

The cost of an operational license is 48,000 euros. To obtain a license to open an online casino, you will need to pay 32,000 euros.

Income tax is 5% of the income of the online gaming business. But this only applies to online casinos. The tax on slot machines is calculated according to a special formula, which includes the brand (type) of the slot machine and their number. The lottery tax is 18%.

Interesting fact! If an operator wants to open several online casinos or a casino network, then he will have to pay as many license applications as he wants to open projects.

Requirements for opening an online casino in Estonia:

• Despite the fact that the casino provides its services online, it is still necessary to register an office or premises (legal entity) in Estonia;
• It is necessary to present a certificate of no criminal record;
• The minimum amount on the company's account must be 128,000 euros;
• The size of the capital of a joint-stock company must be at least 1 million euros.
• All the rules of Estonian gaming legislation must be observed;
• The software must comply with international standards;
• The company has no right to engage in other activities;
• The transfer of rights to the online casino to other persons is strictly prohibited;
• Each online institution should have a special field where you can get information on how to play, how to play correctly, how to get winnings and withdraw money and how to contact the administration;
• The age of all online casino players must be 21 years of age or older. At the same time, it is worth mentioning that people over the age of 18 can play games without RNG.

A package of documents that must be submitted to the Tax and Customs Department in order to obtain a license for an online casino

• information about the owners of the company (full name, citizenship, place of residence, scans of passports);
• full copies of documents that confirm the company's leaders and the name of the company;
• documents that confirm the presence an office in Estonia (payments for rent and utilities);
• bank statements confirming the availability of funds on it (necessarily certified by a notary public);
• a complete list of all gambling , which the casino offers for its customers, as well as their description and characteristics (game rules, names, etc.);
• proof of payment of winnings to players (payment transaction algorithms in the casino software);
• protection and other security measures for software;
• similar multi-year business plan with calculation of estimated profits and expenses;
• directly completed application forms for two online casino licenses, which will be transferred to the tax and customs authorities in Estonia.

Contact information of the Tax and Customs Department in Estonia for issuing licenses in Denmark

• Address: Lossi 19, Viljandi 71020
• Phone number: +372 880 0811
• Website: www.emta.ee
• E-mail: [email protected]

Why choose Estonia to open an online casino?

Estonia provides an opportunity to steadily gain a foothold in the gaming market. The operator also receives an individual EU number. This gives casino owners the ability to apply to European banks for any purpose and cooperate with entrepreneurs from Europe.

The low percentage of tax and the solvency of citizens allow operators to make good profits in the Estonian gaming market. Collapse