Anjouan Gaming License Cost: Fees, Requirements, and Hidden Expenses Explained 

• Due to technological advancements, the online gaming industry has blossomed. Businesses are constantly looking for solutions to operate legally and step into this blooming industry. One such solution is getting an Anjouan gaming license, an offshore gaming license that allows operators to operate legally at a lower cost compared to other jurisdictions.  However, while the licensing procedure may seem affordable, it is crucial for businesses wanting to operate legally and effectively to understand the full structure, which includes fees, requirements, and any hidden expenses. The following blog provides information about the detailed breakdown of the Anjouan gaming license cost.  

What is Anjouan Gaming License? 

• The Anjouan Gaming License is a license issued by the Anjouan Licensing Services Inc., which is the official authority for gaming licenses in Anjouan. This license is known for its effective coverage of multiple online gambling activities such as online casinos, sports betting, lottery, eSports betting, poker, and fantasy sports. It provides multiple advantages that have made it appealing to startups and established businesses.  

Main Features of Anjouan Gaming License? 

Effective Coverage 

• The Anjouan gaming license covers all types of online gambling activities under a single permit. This reduces the need for issuing multiple licenses for different activities.  

Cost effective 

• The license has become more affordable when compared to other major jurisdictions such as Malta or even Curacao.  

Simplified application process 

• The application process for getting an Anjouan gaming license is streamlined, and reduces any bureaucratic barriers.  

International coverage 

• The license enables business operators to expand their services globally except in specific countries such as Australia, USA, and parts of the European Union.  

Fast processing time 

• The licensing procedure is quick and usually takes between two to eight weeks, based on the efficiency of document submission and verification.  

No gaming tax 

• The Anjouan gaming license does not impose any taxes on gross gaming revenue (GGR), enabling operators to retain more profits effectively.  

Requirements for Getting an Anjouan Gaming License  

• To get an Anjouan gaming license, applicants should fulfill multiple requirements, which consist of both documentation and compliance with the regulatory standards. Here are some key requirements that applicants must fulfill: 

Documents required 

Copy of passport- The passport copy of the business owner is required along with photo and signature.  

Banker’s reference- A banker’s reference from a relationship older than 2 years.  

Police clearance certificate– This document is crucial for establishing a clean background.  

CV– A detailed overview of the business owner’s professional history.  

Description of gaming content– Provide details of gaming content, its types, agreements, and third-party RNG testing certificate.  

Letter of reference– This could be either from a lawyer or an accountant.  

Domain ownership– Make sure that your domain is adhering to Anjouan gaming regulations.  

Terms and conditions– It should include all the underage gaming policies, and players’ KYC policy.  

Compliance requirements  

Detailed business plan- A plan that details the type of business, financial strategies, scope, and target audience.  

Player protection– Incorporate policies to protect weak players and prevent any underage gaming.  

Server location– Make sure that all your servers and databases are located in Anjouan.  

AML Policies- Establish clear AML policies, consisting of player identification and suspicious transaction reporting.  

Detailed Breakdown of Anjouan Gaming License Cost  

• The Anjouan gaming license costs may differ on the basis of corporate structure and certain business needs. Here is a detailed breakdown of Anjouan gaming license cost: 

Incorporation of the company 

• The cost of company formation, submission of documents, and couriers will be approximately 2,300 Euros.  

Anjouan gaming license cost 

• The initial cost of an Anjouan gaming license is around 17,000 Euros. It also includes other fees and expenses.  

Key person fee 

• The authorization fee for key person is around 2000 Euros per person.  

ISP services 

• An ISP services fee is also charged as a part of ISP services for compliance backup. This fee is a part of the initial 17,000 Euros, which includes 14,300 Euros for ISP services compliance.  

License renewal fee 

• The license renewal fee for Anjouan gaming license is around 13,300 Euros annually.  

Due diligence  

• A due diligence fee is also charged, which is around 250-500 Euros per subject. VAT may also be applied.  

Hidden Expenses in Anjouan Gaming License Cost 

• There are several hidden expenses, and additional costs present in the Anjouan gaming license costs, which may go beyond the initial licensing fees. Here are some expenses that you need to consider before getting an Anjouan gaming license: 

Complex structure 

• If the structure of your company is complex, additional due diligence fees will be charged. This ranges from 250-500 Euros per subject.  

Administrative costs  

• The administrative costs consist of expenses that go beyond the licensing fees like maintaining a local presence, renting office space, and hiring workers.  

Nominee services 

• If you opt for nominee services for the director and shareholders. This fee will add up to 4000-6000 Euros annually based on the type of service.  

Legal consultation fees 

• If you are engaging with legal consultants to help you with the application process, their costs will also add up. These fees differ based on the complexity of your business application and the rates of consultants.  

Compliance expenses 

• Ongoing compliance with Anti-money laundering and know your customer policies may also require additional resources, consisting of software and staff to manage all these procedures.  

Translation and certification  

• If your documents are not written in the English language, then certified translations would be needed, adding additional costs.  

ISP services for compliance backup  

• While this fee is included in the initial licensing costs, ongoing ISP services for compliance backup are significant and will incur additional expenses if they are not covered initially.  

Software testing  

• Make sure that your gaming software is certified and is tested for fairness. This testing will incur additional fees.  

How to Reduce Additional Hidden Fees 

• To minimize any unexpected costs, you need to understand potential hidden expenses, here are some top tips: 

Licensing service providers 

• It is best to consult with a licensing service provider. As these providers will assist you in navigating the procedure of Anjouan gaming license and will provide an accurate estimation of total costs.  

Legal support  

• You should also engage with legal experts to certify that all the regulatory requirements are met effectively.  

Ongoing compliance  

• Regularly review and update compliance measures to avoid any fines or penalties. 

Conclusion  

• Before starting a business in the Anjouan gaming industry, it is crucial for entrepreneurs to know the Anjouan gaming license costs. Anjouan has become an attractive gaming destination for business operators due to its affordable, simplified, and zero gaming tax gaming license. However, businesses should also consider any hidden expenses like regulatory compliance, administrative costs, due diligence checks, and operation costs to sustain long-term success. It is significant to carefully plan and budget all the related gaming costs, to increase the benefits provided by Anjouan gaming license while sustaining financial stability. If you are applying for an Anjouan gaming license but find it difficult to navigate through the licensing procedure, contact Tetra Consultants and our team will assist you in obtaining the gaming license.  

• Contact us and our team of experts will get back to you in 24 hours.