How much is to get a gambling license in Belize?
Hello world!
Thank you for your attention!
Today’s question is the price of a gambling license in Belize.
Since October 13, 2004 Fees for an internet gambling license are US$15,000 per year, with a similar amount on an annual basis (calendar year). The regulations are not in an online format, but is expected to be available in the next month.
Conducting of Online Gaming is now defined to be taking part in gaming or lottery including administration, promotion or organization or permitting or maintaining in Belize any computer or device for the aforesaid. A license is required by any International Business Company conducting or intending to conduct online gaming in or from within Belize with the exception that no business is to be conducted with residents of Belize.
All application documents are mandated to be treated confidentially by the Committee. The Committee may require that a portion of payments be reserved as security with the Government for the payment of debts. This may extend to real or personal property.
The holder of a license may before the expiration of 60 days apply for a renewal. All licenses and renewals are for one year. Refusals of renewals are also subject to right of appeal. At all times, breaches of the licenses subject the holder to a revocation of license which is also subject to appeal.
Here you are requirements for the applicants:
• Articles and Memorandum of Association;
• Audited Accounts (Balance Sheet and Profit and Loss Statements inclusive of whether one company is a subsidiary of another);
• Particulars of each person associated with the Company including those with Financial Interests;
• Usual Due Diligence;
• Local Contact person;
• Any material change must be communicated to the Ministry, etc.
Please, check the attached file for more detailed info:
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