Montenegro is a Balkan country with rugged mountains, medieval villages, and a narrow strip of beaches along its Adriatic coastline. Country of tall people, dramatic nature contrasts, and colorful rains. Different civilizations crashing and colliding have left the most beautiful marks between the wrinkled mountainous face of this fascinating country. It is a preferred investment destination for tourists and investors from across the globe. The Government has also tried to diversify into new areas such as tourism and banking to promote the country and its holiday destinations boasting excellent beaches and resorts.
Montenegro Gaming License Overview
A Montenegro E-Gambling License is issued by the Games of Chance Administration and is generally referred to as I-Gaming License. Holders of the license can operate the following forms of games: Casino, Betting (e.g. Online Sportsbook, binary options), Poker, and other card games, Live casino (roulette, poker, and other casino and card games), other internet games. The only explicit exception is that it does not provide for the lottery.
The all-in-one package or integrated license contains company formation, banking assistance, booking assistance, a payment processor. Euro is the official currency in Montenegro. It is a famous destination for casino players.
Montenegro Gaming license
Montenegro has emerged as a preferred international Online gaming destination. It offers an integrated gaming license which allows for organizing multiple forms of internet games. The online gaming industry in Montenegro is regulated by the Games of Chance Administration (Gambling Authority). The E-gambling license is issued in compliance with the Decree on Promulgation of The Law On Games Of Chance, 2007 which was one of the first legislation recognizing internet gaming.
At the end of 2020, the Government of Montenegro approved the Draft Law on Games of Chance and Prize Games. The draft law envisages a comprehensive regulation of the gambling market and defines new forms of gambling, by creating durable and sustainable solutions, following the best European practice. It will be possible to have a more complete and high-quality online supervision of gambling organizers, which will lead to the creation of a better environment for market development and increase revenues from this activity. More efficient prevention and sanctioning of market abuses and stricter penal provisions for illegal gambling will improve financial discipline and enable better protection of the interests of legal organizers.
The provisions of the decree have been designed to cover almost all forms of gaming and also provide the guidelines for a Montenegro e-gambling license in addition to online gaming. The existence of comprehensive legislation ensures that the Montenegro e-gaming license is one of the most sought after in the world. It also has a single low corporate and personal income tax rate of 9% and tax registration is completed within two days. Also, currency conversion is not a hassle for Montenegro since it uses the Euro.
An e-gaming license from Montenegro is normally offered in the form of a certified website based on permission from the Games of Chance Administration. However, most investors choose to select an integrated package.
The All-Inclusive Package is the preferred option for almost all license seekers as it makes the entire process hassle-free and simple by completing all necessary formalities from forming a company to payment processing. It also enables you to start your business within 3-4 months in most situations.
The integrated Package for Montenegro includes the following:
Montenegro Company Formation
We assist you in incorporating a new company for your business or in establishing a local subsidiary. This is essential to obtain the license. We undertake the process of Company registration, Company tax registration, and obtaining a tax identification number. If required we can also assist you with our shareholder and delegated director services ensuring that you do not need to travel to Montenegro.
As with any major business, Montenegro requires yearly submission of accounts and we assist you with a tie-up with leading local accounting firms.
Montenegro Banking Assistance
A Montenegrin Bank account is essential for every business in the account and we assist you in opening a Montenegro Bank Account which allows for both local and Foreign exchange transactions. The Banks also provide additional facilities such as E-banking, Debit Cards, and Phone Banking.
Payment processing is a major part of any online business. We ensure that your website has facilities to accept payments through all major platforms including credit cards (Visa, MasterCard, Maestro, American Express, Diners, Discover, etc.). We also provide new mediums such as prepaid wallets and virtual currency such as Bitcoins.
How to obtain Montenegro Gaming License?
Empire, a leading Professional Services & Advisory Firm focused on online gaming and compliance offers you a hassle-free option of obtaining a Montenegro E-Gambling License within the shortest possible time. We also provide you with a single package ensuring that you have a ready-to-start business from the first day maximizing your return. You can reach the Online Gaming License experts at Empire through our website empireglobal.partners and email at firstname.lastname@example.org. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.