Setting up an online gambling business not only needs advanced technical utilities but also requires a license to run the business legally. So, obtaining an online gambling license from Kahnawake- a region located in Quebec, Canada can fulfill your dream because the license issued by Kahnawake Gambling Commission (KGC) enables you to expand your business across the world, except the USA and Canada. Plus, regulation in other countries should be taken into account. In addition, the tax rate is zero for online gambling and this is the best part you might be looking for.
Benefits Of Choosing Kahnawake For An Online Gambling License
Kahnawake gambling license is internationally recognized which means getting a license from this jurisdiction not only enhances your business reach but also builds the trust of users. In addition, the KGC has set some standards for gambling activities that enhance fair play and enable the operators to conduct responsible gambling. Moreover, there are additional benefits too, which are listed below.
A Range of Gambling Licenses
KGC offers a range of gambling licenses which include an interactive gaming license, Casino Software Provider Authorisation, Client Provider Authorisation, Live Dealer Studio Authorisation, and many more. So, based on your business nature, you can opt for a license from KGC.
Zero Tax
Most countries that offer gambling licenses charge tax against the gross revenue, but Kahnawake follows no taxation policy against gambling from operators. So zero tax on gross revenue helps the startup or emerging online gambling companies to grow effectively in a competitive world.
Boost Your Business Image
Kahnawake Gambling Commission follows strict compliance and frame rules as per the comfort of players. So, most online players love to engage in an online gambling website that is licensed from Kahnawake. This process directly builds your business image and helps to grow in a competitive market smoothly.
Kahnawake Online Gambling License- A Guide To Process And Cost
Getting a Kahnawake online gambling license
https://inteliumlaw.com/gaming-license/kahnawake/ is not that easy unless and until you follow the KGC’s compliance rule. In addition, you need to keep patience as the processing time is a little longer compared to other European countries issuing gambling licenses. Now, let’s see the detailed process for obtaining an online gambling license from Kahnawake’s jurisdiction.
Appoint A Key Person
Compliance is an essential part of the process, so ensure to have a key person who is well-versed with the business documents, capital, regulatory enforcement, and more.
Prepare Documents
In the next stage, you need to get ready with the documents and ensure that you abide by the regulations prescribed by KGC. The list of forms that you need to align with the application form is listed below.
A passport copy.
- Financial auditing reports.
- Detailed gambling business plan.
- RNG Certificates.
- A copy of the bank statement
- A CV/Resume
- Review Process
After submitting the forms, you will have to pay the fee against the license and further submit them to the KGC’s office. Thereafter the board will review your application and if everything is correct, then they will issue a license for six months. After six months, they will review your application again and if found suitable, then they will extend for 5 years.
So, during the tenure of six months, you need to carefully follow the compliance programs issued by KGC. If you fail to adhere to the KGC’s compliances, get a lot of complaints from players, or breach any laws, then there will be a high chance your license will be canceled.
Kahnawake Online Gambling License Cost
The license cost depends on the types of license you choose based on your business nature. So, knowing them before submitting the application form is essential.
Client Provider Authorisation: The license cost is $40,000 and the annual fee for the same is $20,000.
Casino Software Provider Authorisation: The cost for this license is $40,000 and the annual charge is $20,000
Wrap Up
After getting an online gambling license from Kahnawake, you can build your business image by integrating payment services. Thereafter, focus on collaborating with trusted and leading gambling providers as this will help your business to grow exponentially.
