CSB offers on-line gaming operators a number of services which include:

Company Formation	Banking and Merchant Services	Gaming Software
Tax Planning	Multi Currency Payment Solutions	Hosting and Co-location
Licensing	Turnkey Solutions	Internet Bandwidth
Legal Advice	Staff Recruitment	Leasing of Equipment
Back Office Management

Betting Companies Operating From Malta In February, 2000, a Legal Notice was issued [Legal Notice 34 of 2000 (Operation of Betting Offices Regulations, 2000)] amending the Public Lotto Ordinance to enable International Betting Offices to be set up in Malta to conduct betting transactions by electronic means (whether over the internet or using other electronic means such as telephone, fax, computer or any other means approved by the Gaming Board) to people residing outside Malta. This has encouraged International Names to reallocate their existing business and entrepreneurs to start their new ventures on the Maltese Islands. Presently over twenty five companies have been granted a licence to operate as Betting Companies. For Gaming Licenses in alternative jurisdictions click here. Betting / Call Centre Operation Today, a Betting Company can establish a call centre to receive bets together with a processing operation and still benefit from the ITC corporate vehicle, however, the Gaming Board will subject it to a licence. Betting against computer-generated games such as cybercasinos on the internet is not allowed but the internet may be used as a communication medium (email) to the call centre. The licence fee payable to the gaming board is 0.5% on turnover. This makes our jurisdiction one of the most attractive destinations for setting up offshore internet betting companies. It is good to note that the Malta Gaming Board is after reputable promoters of good standing. The procedure for an application is pretty straight forward and further information is available on request.

Back Office / Processing Operation

Alternatively, operators can establish processing operations with back office activities and while no licence is required the company can still benefit from the ITC corporate vehicle provided the contract for the bet is not carried out in Malta and the betting company is licenced outside Malta. However, Betting Companies not requiring a license will be asked to make a voluntary contribution to the arts or to a charity institution of their choice, the amount of such contribution being left entirely to their discretion. An application for such a set up is very straight forward and quick to obtain. Further information is available on request.


Advantages and Fiscal Benefits

Betting tax is 0.5% of turnover (i.e. the value of all bets received and accepted by the betting company at its betting office).

International Trading Companies (ITCs) are liable to the normal corporate tax of 35% levied on all Maltese companies based upon their chargeable income for the year of assessment. The advantage for non-residents arises at shareholders level. Upon a distribution of dividends by an ITC to its non-resident shareholders, certain fiscal incentives and tax refunds will apply to the non-resident shareholders with the effective tax rate working out to 4.17%. For more information on International Trading Companies click here.


Application Procedure

For a detailed description of the licensing application procedure contact us. We are able to assist you from the initial to the final stages in submitting and eventually obtaining a Betting Licence. We may also assist you in finding suitable premises for your operation if required. Through our Recruitment Division we may also assist with the Recruitment of Staff for the operation. On the other hand, if clients do not wish to shift and/or have their operation based in Malta, we may offer a Turnkey Solution.

If an application is found to be in order the average time for a licence to be processed and granted is anywhere between 2 to 4 months.


Credit Card Processing

Through various Payment Partners we offer Multi Currency Payment Solutions. The E-Commerce Payment Solution we promote seamlessly and transparently integrates into existing commerce platforms, using dedicated interfaces for specific sales channels or industries. Moreover, our service concept includes full reconciliation and administrative services, managing both the technical and financial aspects of the payment solution, in a fully secure environment.

The Internet Payment Solution meets, if not exceeds our clients' requirements, and allows for tailoring to industry requirements or even client specific needs. Our international clients, both private and public listed companies from a wide range of businesses include Travel, Hotels, Computers, Software & Electronics, Book Stores, Sports Goods, Event Ticketing, Mail Order, Telephone Order, Electronic Magazines, Betting, Casinos, etc....

For information on Hosting and Co-Location Services click here.

Online Casinos, Betting Exchanges & Lotteries New licensing regime for online gaming by the Malta Lotteries & Gaming Authority Over the past years Malta has successfully established itself as a serious, well-regulated European jurisdiction attracting on-line betting companies. The Government of Malta carried out a complete revision and consolidation of the gaming legislation, and a new all-encompassing gaming law was enacted by the Maltese Parliament in virtue of which the Malta Lotteries and Gaming Authority has been set up. The Malta Lotteries and Gaming Authority has revised the regulations whereby other Gaming activities including online casinos, casino-style games, betting exchanges and lotteries could be allowed after an application is submitted and a license is granted. The Remote Gaming Regulations 2004 now offers 4 classes of Remote Gaming Licenses; Class 1 Remote Gaming License shall be a remote gaming license, Class 2 Remote Gaming License shall be a remote betting office license or a remote betting exchange office license, Class 3 Remote Gaming License shall be a license to promote or abet gaming from Malta and Class 4 Remote Gaming License shall be a license to host and manage remote gaming operators, excluding the licensee himself. » Click here for the Remote Gaming Regulations 2004. « Once an application for a license is submitted and obligations are fulfilled, a Malta company is incorporated and a license is issued in the name of the Malta Company, better known as a Malta International Trading Company (ITC). The unique feature of the Malta Company is its "onshore" status and once the shareholders are non-resident, very interesting tax benefits apply. For more information on an International Trading Company (ITC) click here. Enquiries are to be sent to offshore@onshorecompanies.com. Last Updated March 2004