For bold pioneers and fledgling enterprises venturing into the realm of online gaming, the Anjouan Gaming License has emerged as a favorable contender. Relatively obscured until recently, this license has seen substantial enhancements and simplification, propelling it to be the top preference for iGaming entities in 2023 and onwards. Moreover, an Anjouan Gaming License can be a perfect alternative to a Curacao license.
Anjouan, an integral part of the Comoros Islands, nestles off Africa’s eastern coastline in the Indian Ocean. Renowned for its breathtaking landscape filled with mountains, verdant forests, and untouched beaches, Anjouan, though not usually spotlighted on the global map, is steadily gaining recognition as an up-and-coming iGaming licensing jurisdiction.
The distinguishing characteristic of Anjouan is its ease of access, coupled with one of the fastest license processing times and economical establishment costs. The license incorporates all games of chance, including casino, sports, poker, bingo, lotto, provably fair, and blockchain-based games. This all-inclusive coverage paired with competitive pricing renders Anjouan an enticing hub for licensing.
Advantages of the Anjouan Gaming License
The Anjouan Gaming License brings multiple substantial advantages to the table, making it a desirable choice for iGaming innovators.
The Anjouan license outshines its competitors with the quickest processing time among all gambling jurisdictions globally. With a streamlined document submission process, licensing can be wrapped up within 2-3 weeks. Moreover, Anjouan provides budget-friendly solutions for both establishment and ongoing maintenance, an enticing proposition for startups operating on tight budgets.
Navigating the labyrinth of paperwork involved in applying for a gambling license can be daunting. Anjouan, in contrast, offers a simplified procedure to secure a gaming license, devoid of bureaucratic hurdles. This enables entrepreneurs to test their business models without getting entangled in the complexities characteristic of other licensing jurisdictions.
Diverging from other jurisdictions that mandate different licenses for varying games, the Anjouan Gaming License accommodates all iGaming-related activities under a single umbrella. This versatility allows gaming firms to expand their portfolio cost-effectively in the future.
Anjouan gaming operators relish a notable edge: zero taxation on their gross gaming revenue (GGR). This perk sets Anjouan apart from numerous other jurisdictions and bolsters profitability for online gambling operators.
How does this license cost?
The Anjouan gaming license carries a ballpark figure of 17,500 EUR, incorporating an array of fees and expenses. This encompasses the Annual Anjouan Gaming License fees, covering both the initial establishment fees and the necessary ISP service for compliance backups.
Additional fees apply, including the Annual Compliance Officer/Key Person Authorization fee per Key Person engaged, and due diligence fees covering up to 4 Directors/Shareholders/UBOs. In scenarios with complex structures, additional due diligence fees may be levied.
How to get an Anjouan gaming license
If you determine Anjouan as the preferred location for your upcoming Gaming venture, your subsequent move would be to examine the relevant gaming license requisites.
To begin with, Fast Offshore implements a standard intake process during which we’re obligated to verify your identity, your business plans, your residence, and the origin of your funds. These details, among others, are also essential for the Anjouan authorities before they can grant your online gambling license.
Moreover, they’ll require a character assessment and the assurance that you uphold a commendable behavior. This includes a police conduct report from your home country, attesting that you have a clean criminal record. Furthermore, you’ll need to demonstrate your capacity to manage an online gambling enterprise.
Each officer, authorized individual, shareholder, director, beneficial owner, or ultimate beneficial owner is mandated to furnish the following documents:
- Certified Copy of a Valid Passport* (pages featuring photo and signature)
- Recently issued Utility Bill
- Police Clearance Certificate / Certificate of no criminal record
- CV / Resume
- Original Banker’s Reference (Relationship must extend beyond 2 years)
- Original Professional Letter of Reference from an Accountant or Lawyer (Relationship must extend beyond 2 years)
- Details of Content including copy(ies) of agreements and/or 3rd party RNG testing certificates and RTP (if applicable)
- Proof of domain ownership
- Copies of Terms & Conditions which must include underage gaming policy, responsible gaming policies, and player KYC policy.
All documents must be provided in English and should not be older than 90 days. If documents are not in English, certified English translations will be needed.
Prerequisites of an Anjouan gaming license
Licensees in Anjouan are obligated to adhere to the On-Line Gaming Act, 2005, which stipulates protection for vulnerable players, prevention of money laundering, maintaining financial ratios, providing reports to the Gaming Board, and promptly notifying the board of relevant changes or incidents.
Anjouan Licensees are also required to establish procedures to identify vulnerable players, stay abreast of international developments impacting the legality of international interactive gaming, maintain financial ratios specified by the Gaming Board, and thwart their services from being misused for money laundering. Regular reports on gaming compliance issues must be submitted, and any alterations in beneficial ownership must be reported within a week.
Certain nations are barred from accessing Anjouan-licensed online gambling sites. These territories must be blocked using GEO IP technology. The list comprises, but is not confined to, the United States, France, Australia, the Netherlands, Curacao, Austria, Belize, Comoros, Germany, Spain, Statia, St. Martin, United Kingdom, and all countries on the Financial Action Task Force (FATF) blacklist.
The Anjouan Gaming License is a perfect fit for startups and seasoned entrepreneurs alike, with its ease of access, comprehensive coverage, speedy processing times, economical pricing, and zero gaming tax on gross gaming revenue.