Vanuatu gambling license

Vanuatu is an island nation in the South Pacific known for its favorable conditions for conducting business in the online gaming industry. With minimal tax rates, no corporate tax, and a stable regulatory environment, Vanuatu attracts operators from all over the world. Regulation is carried out by the Vanuatu Gaming Authority (VGA) in cooperation with the Department of Customs and Inland Revenue (VDCIR).

Advantages of a Vanuatu gambling License

1. Low tax rates. Vanuatu offers minimal tax rates on gaming businesses, making it attractive to operators.
2. Access to international markets. The Vanuatu Interactive Gaming License (VIGL) provides access to a vast global client base.
3. Jurisdiction with a favorable regulatory system. Vanuatu provides a supportive environment for international business projects

Features of a iGaming License in Vanuatu

The license covers a wide range of gaming operations, including online casinos, sports betting, poker, lotteries, bingo, etc. Additionally, each license includes two domain names, with the option to add more domains for an additional fee.

Key Requirements

1. Founders, shareholders, and directors must not be on sanction lists or have outstanding debts.
2. A local company must be registered in Vanuatu, and a Tax Identification Number (TIN) must be obtained.
3. The company must have a local director and office.
4. Registration with the Financial Intelligence Unit (FIU) and the Vanuatu Investment Promotion Authority (VIPA) is mandatory.
5. The licensee must appoint a responsible person who will act as the primary contact for VDCIR and VGA.
6. After obtaining the license, it is necessary to open a bank account in a licensed financial institution in Vanuatu for all gaming-related operations.
7. Operators must demonstrate the implementation of anti-money laundering (AML) and counter-terrorism financing (CTF) policies.

Required Documents for Obtaining a Gambling License in Vanuatu

For Company Registration:

• Identity documents for all directors and significant shareholders (holding 25% or more), including: a notarized copy of an international passport with an English translation.
• Notarized copies of two different proof-of-address documents: a utility bill no older than three months or a bank statement in English, notarized and issued within the last 90 days.
• A reference letter from a lawyer or accountant (issued within the last three months) confirming at least two years of client relations.
• A certificate of criminal record for the UBO (Ultimate Beneficial Owner).
• A current signed CV.
• A declaration of the source of funds.

For Obtaining the Vanuatu iGaming license:

• A business plan, including projected revenue, expenses, and profitability.
• A description of the games, gaming certification, or agreements with licensed game providers.
• Domain ownership confirmation, showing that the provided URL belongs to the company or one of its founders.

Regulators may request additional documents as needed.

Timeframe for License Issuance

The process of obtaining a license takes between 2 to 4 months from the date of application submission. This timeframe may vary depending on the completeness of the documents provided and the speed of regulatory review.

License Cost

The cost of obtaining a license is €5,000 for registration. The annual license fee is €10,000.

Conclusion

A gambling license in Vanuatu offers numerous benefits, including low tax rates and access to international markets. However, the licensing process can be complex and requires careful preparation of documents.

If you are interested in obtaining a gambling license, it is best to entrust this important process to professionals. Since 2013, SBSB experts have been providing comprehensive legal support for fintech and gambling projects. Our lawyers will select the optimal type of license that aligns with your company’s business model and assist you in navigating all licensing stages in compliance with jurisdictional requirements, handling all legal matters on your behalf.