Gambling license in Tobique

Tobique First Nation, situated in western New Brunswick, Canada, operates as an indigenous community that issues online gambling licenses through The Tobique Gaming Commission (TGC). This commission, established as the designated regulatory authority, is authorized under the Tobique Gambling Act, 2023, to oversee the activities of all gambling and gaming operators under Tobique Gaming Licenses.

Distinguished as a noteworthy licensing option in the industry, the Tobique gambling license is held to high standards through vigilant supervision by the Tobique Gaming Commission. Acquiring the Tobique license provides your enterprise with the flexibility to establish a presence in numerous locations, with minimal restrictions applicable in only a select few countries. This esteemed license enables operations across a diverse range of global regions.

Advantages of obtaining a gambling license in Tobique:

• Favorable tax regime (no taxes).
• The licensing process is much faster than in other jurisdictions. It helps save considerable time and resources.
• Loyal regulator and transparent rules. Provides the benefit of having a trustworthy regulator and clear, transparent regulations, fostering an environment of compliance and confidence for businesses and investors
• Possibility to obtain B2C and B2B licenses.

Requirements for obtaining a gambling license in Tobique:

• There is no requirement for a local company. You can incorporate your company outside Tobique.
• No requirement for land-based servers inside the Tobique.
• It is mandatory to appoint a MLRO.
• Licensees are required to segregate player funds from operational funds. Player funds should be held in a separate account.
• There are reporting requirements on deposits of 10,000 Euros and above.
• Licensees are required to geo-block consumers residing in the USA, the UK, New Brunswick, Ontario and any FATF sanctioned countries. Licensees are also required to implement protocols to block player registrations from the restricted territories identified above.
• It is necessary to have a well-designed website with installed software for providing online casino operations and all the required policies (Terms & Conditions, KYC, and Gaming policies (Self-exclusion Policy, Underage Policy, Responsible Gaming Policy)) and disclaimers, confirming the real activity of the gambling operator.

Stages  for obtaining a gambling license in Tobique:

1. Preparation (company registration, business plan development, preparation of necessary policies, appointment of the staff)
2. Application: (Application to the Swedish Gambling Authority (SGA), submission of required documents, answering questions from the regulator)
3. License Obtaining
4. Commencement of Work (opening bank accounts, business launch)

The timeline for obtaining a license is 1-2 weeks after submitting all of the documents.

The term of company registration depends on the chosen jurisdiction and takes 2-3 weeks on average.

If you need a gambling license in Tobique, contact SBSB Fintech Lawyers. We have been specializing in FinTech and Crypto and Gambling projects since 2013, providing tailor-made solutions for each client, taking into account the company’s business model. We will help you choose the most appropriate type of license and prepare the necessary documents to legalize your gambling business and obtain a gambling license in Tobiquein accordance with the law, providing full legal support.