Steps for a Malta Gaming License
There are four distinct stages in the process of application for a Malta Online Casino License.
Stage 1: Evaluation if the applicant is fit and proper to apply.
At this stage, the personal details of the applicant are evaluated by the Gaming Authority. Keeping in mind the provisions of the Regulations, the applicants are requested to submit-
(a) Their personal background information;
(b) financial information;
(c) participation in legal activities, including but not limited to, any interest or equity in any other commercial activity;
(d) criminal record information;
(e) information concerning all pecuniary, equity and other interests in the applicant; and
(f) Any other information required by the Authority, for every director, key official and chief executive officer of the applicant and for every shareholder with five percent or more ownership of, or controlling interest in the applicant.
Information is sought from domestic and international authorities about the applicants and their history.
Stage 2: Evaluation if the Business Plan.
At this stage the business plan of the applicant is evaluated and the specific metrics such as estimated revenues, estimated payouts, employee costs, tax payments etc. are evaluated.