Rosloto offers its customers to order an online casino licensed in Estonia. This profitable investment will bring a decent income in record time.
Working in Estonia will increase the prestige and competitivity of your brand and make it recognizable among clients, partners, and investors.
Estonia is one of the few European countries in which the gambling industry is developing and attracting foreign investors rapidly.
The reorientation of the Estonian economy occurred after the deep crisis of 2008. The government introduced new legislation and issued the first permits for gaming activity.
Statistics show that 170 land-based gambling establishments and more than 300 online platforms operate in the country today.
The state is characterized by a calm political and economic situation, well-developed infrastructure, and clear laws. These conditions suit those businessmen who want to launch an iGaming business and promote it in European markets.
Gambling sphere of this Baltic country gives the following privileges to the owners of the gaming business:
Estonian Tax and Customs Board is responsible for all issues related to the gambling industry regulation.
The authorized body is engaged in the issuance and extension of permits, monitors license holders’ activities, and considers user complaints. The department follows the Gaming Act (2010) in its work.
To launch an online casino in Estonia, a business owner must receive two types of permissions:
When deciding to open a gaming business in Estonia, an entrepreneur has to obtain an appropriate permit and register his or her company in this jurisdiction. Note that a foreign firm must be registered as a JSC (Joint-Stock Company) or LLC (Limited Liability Company).
The enterprise must meet the following criteria:
The package of documents sent to the gaming department should contain data about the registration, legality, and financial support of the business project.
The applicant should submit the results of server hardware and software testing, copies of contracts with suppliers of content (including thorough characteristics of each video slot), certificates of opening bank accounts, and confirmation of the right to use a domain name.
Documentation about the officers, shareholders, and beneficiaries of the firm must be presented in a separate package. Applicants need to send their personal data, recommendations, and certificates of no criminal conviction.
Besides, a business plan for three years with a thorough chart describing the revenue and expenditure parts of the capital, ways of outside funding, and options for capitalizing cash assets must be submitted.
Gambling licensing in Estonia is marked by affordable prices compared to other European jurisdictions.
Cost, €, thousand
Permission on IGaming activities (random outcome games)
License for skill-based entertainment
Permission to organize an online totalizator
One-time fee for consideration of the application
Payment for analysing an application for lottery ticket sale activities
As a rule, the consideration of an application takes from four to six months. This term depends on the correctness of the documentation package. Therefore, it is better to entrust this task to professionals.
The Rosloto team provides a wide range of services related to the launch of gaming projects in prestigious international jurisdictions. We cooperate with Estonian regulatory authorities. That is why we are well acquainted with the peculiarities and nuances of local legislation.
Rosloto offers full-fledged turnkey online casinos in Estonia. Our solutions include an impressive entertainment library, well-thought-out software, and multifunctional payment modules. In addition, we are engaged in the development of unique slots using HTML5 technology.
Our experts provide legal support and counselling for firms at all stages of the consideration of an application for gambling licensing in Estonia.
Contact us to find out more about our activities.
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