1. Online Gambling Laws Cyprus
2. Cyprus Online Shopping
3. Online Gambling Sites
4. Online Gambling In Michigan
5. Latest News Cyprus

To most online gambling enthusiasts, the casino’s portfolio of games is of great importance, which is why we offer a large variety of options to suit everyone’s needs and taste. Naturally, the wider the selection, the more players the casino will attract. Cyprus.com is the leading website about Cyprus, with a comprehensive business directory and useful info about travel, sights, hotels, restaurants and more.

Cyprus Gambling License

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2. Is online gambling legal in Cyprus? Only sportsbetting is allowed, and only if you bet at an online sportsbook with a Class B (online) license from the NBA. Punishment can be severe with up to a year.
3. Growing to become a leading gaming destination in Europe, Cyprus Casinos beckon visitors from all corners of the world. Whether it’s your first time in Cyprus or not, Cyprus Casinos offer.

In order to obtain a Cyprus Gambling License, one will have to follow their strict guidelines precisely. The decision of approval lies with the National Betting authority and with this license online gambling companies can operate legally. Cyprus offers and encourages infrastructures for gaming. Licenses offered allow for operation within online sports betting, poker rooms, lotteries, casino and bingo sites. However, gambling at online casino’s is illegal. The only form of online gambling allowed legally is sports betting. This excludes betting on horse races. Nevertheless, a Cyprus gambling license is a one way ticket to a lucrative gaming industry within the island.

Corporate tax: 12,5%

Gambling tax: TBA%

Who manages E-Gambling in Cyprus?

National Betting Authority

Overview:

Class B encompasses all electronic gambling. Applications for such a license that the applicant not be convicted by a court and for an individual must be 25 years and older. For corporates, a bookmaker license must be incorporated with premises in Cyprus. The provider must also prove that they have enough funds to pay out the players. Class B services are dealt with Section VI of the law, providers of online gambling services must adhere to the following:

– The registered name of the company,

– Registered address,

The official number and date of the licence and a statement that the use of the services by any minor is illegal under the Betting Law. All betting transactions must be handled with debit cards, credit cards or electronic funds transfer, cash handling is prohibited.

Minimum Share Capital for an iGaming Company:

€ 500 000.00

Licence Fee:

€30 000.00 for one year

€45 000.00 for two years

Licence Length:

1 / 2 years

Anti-Money Laundering Policy:

All operators must comply with AML legislation in force.

Country Restrictions:

The player must be 18 years and older and made aware of their actions and the fee they are responsible for. Also the provider must ensure that the player has enough funds to cover their bet. The institution must have a bank account within the Republic of Cyprus of which the player’s monies are deposited in for safekeeping; this must be separate from the institutions monies.

Online Gambling Laws Cyprus

Contact Details:

Address:

Cyprus Ministry of Finance

Michael Karaoli and Gregori Afxentiou

Cyprus Online Shopping

Nicosia, Lefkosia

Cyprus 1439

Online Gambling Sites

Website:www.mof.gov.cy

Online Gambling In Michigan

Email: registry@mof.gov.cy

General Information: +357 226 027 23

Online casinos licensed in Cyprus

Latest News Cyprus

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