Norway Online Gambling License

Before a business owner secures the license permission to function, a set of sector-specific license requirements and compliance rules must be met.

1. Norway Online Gambling License Verification
2. Norway Online Gambling License Renewal
3. Norway Online Gambling License Application

• Curacao gambling license allows to open an account at the European bank branch and seamlessly connect every reliable payment system to the online casino. Another thing you should take into consideration when calculating the egambling license price is a taxation system each particular country.
• Online gambling is illegal in Norway and the government has previously taken steps to prevent foreign companies from offering gambling to Norwegian citizens. The government passed a law in June of 2010 that stopped banks from allowing Norwegian customers from using debit and credit cards at online and land-based casinos across the globe.
• The gambling license is an indicator of the high-level transparency and security of an online gaming and betting website. Licenses are issued by the licensing authority of the region one wants to operate in. The regions are referred to as online gambling jurisdictions or licensing jurisdictions.

A primary purpose of such procedure was designed to determine the behaviour of everyone associated with a particular gambling organisation in order to eliminate the faintest deviation from the jurisdiction’s protocol. Documented information about a business owner, business partners and employee should be provided as a result.

Basic terms and conditions of the Gambling Commission:

• a detailed description of gambling business: an owner of the gambling business should provide the detailed and current information in a particular field of gambling he is planning to run;
• accounting data reports and auditing information;
• a clear description of games offered to the visitors, games specification and system functionality.

Applying for an online gambling license is a complex and lengthy process, due to the fact it is a regulated industry. But don’t let this put you off. Not all licenses are created equally and there are options to suit every deadline, budget, and requirement.

Requirements for the owners of gambling businesses:

The regulations of various jurisdictions can vary, however, the license is a must for any authorised gambling business entity that has implemented proper business-planning efforts to stay solvent.

The requirements for obtaining the license for gambling companies are almost the same as for financial companies, insurance companies, banks, exchange offices, etc. They primarily concern accounting and auditing, in addition to functionality of the games and a detailed description of the company’s business activity:

• A good reputation is an asset, which includes: the lack of criminal responsibility, verified identity, proven credit track record, positive credit history information of the owner and employees;
• Detailed summary information on the structure and finances to determine whether the company possesses sufficient resources for the full-fledged business in the field of online gambling.

Employment data requirements:

The primary requirement for almost every jurisdiction is that one of the directors of the company has the citizenship of the country, where the license will be issued. The development of some other rules that will exclude the possibility of applying for a business license in the field of gambling to persons who do not have the sufficient experience in this area as well as the necessary financial capacity is also possible. In a case of non-compliance with certain gaming license requirements, a gambling committee may reject an application for a license. If approved, the company agrees to conduct their business under the laws of the given jurisdiction.

To facilitate the process of obtaining a license, many gaming committees offer to split for a few jurisdictions in the country. If the company plans to start working in one of the online gaming niche-fields, GamingLicensing experts will gladly help you every step of the way, ensuring a smooth application process.

GamingLicensing team of professionals will provide a detailed information covering all the major nuances on how to obtain a gambling license in certain jurisdictions, that would be tailored to your particular needs and budgetary Basically, you’ll get a bunch of highly experienced professionals who will make sure your company fits all of the gaming license requirements and is ready to run a successful business.

FAQ

1. Who issues gaming licenses to gambling companies?

   Gaming licenses are issued by special commissions called gambling commissions. It is in their jurisdiction to issue gambling licenses, regulate online gambling, and decide which gambling companies are eligible to obtain a license based on their business conduct and codes of practice.

2. What are the basic requirements imposed by gambling commissions?

   The basic requirements gambling business owners need to meet to obtain a gambling license include giving a detailed description of their business and the type of gambling operation the company intends to run.

   All accounting and data reports need to be submitted for revision as well. Also, you need to provide an unambiguous description of games offered to players, as well as the games’ specifications and functionality.

3. Are there any requirements for business owners?

   Business owners are required to submit financial reports, bank statements, and credit card rating reports to prove their companies are financially capable of maintaining a full-fledged online gambling business. Moreover, a good reputation and a lack of criminal record are considerable assets.

4. Are there any employee-specific requirements?

   Almost all gambling commissions require that at least one of the company directors is a citizen of the country where the license is to be issued. Also, considerable expertise in the gambling industry is required from the company’s employees since that will guarantee the stable operation of the gambling business.

Before opening an online project, every operator primarily asks the question: what market to choose? Where can I operate freely, and where do I need to go through the licensing procedure?

Slotegrator examined this question. Our experts prepared a list of countries where online gambling operation is legal.

To make it even more convenient, we sorted them by continents. It includes not only those countries subject to certain requirements and where online gambling is regulated by law. There are also those countries where online gambling is neither regulated nor prohibited.

Online gambling availability in the World 2020

Depending on different approaches to gambling regulation in the world, all countries are divided into 4 groups.

Countries where foreign online casinos are not blocked:

The local regulators do not apply any legislative requirements in these countries. Foreign gambling sites can be licensed in any jurisdiction or generally operate without it.

However, it should be noted that gambling is not necessarily legal in these countries.

For example, the Cayman Islands completely prohibit gambling, while the local residents are liable for participation in gambling. The fact that foreign online casinos are not blocked now can only be explained by the inability of regulator to do this. And if the online gambling is not legalized, blocking of foreign sites is just a matter of time.

Countries where gambling websites must be licensed by the local regulator:

These countries use the most competent approach to online gambling regulation. Each operator (whether it is local or foreign) must acquire a license and fulfill certain legal requirements. Conditions are equal for all. Everyone is obliged to pay taxes to the budget. Only in this case, the operator has the right to work legally. Otherwise, the online resource will be blocked.

The following countries require a license of the local regulator only for the local gaming sites. Foreign platforms can work without it:

As in the first group, these countries do not apply any legal requirements to foreign sites. A foreign operator may be licensed in any jurisdiction and, in some countries operate without it at all. However, all local casino owners are required to undergo the licensing procedure of the local regulator and to pay taxes to the local treasury.

The following countries have no restrictions for the gambling sites at all:

Norway Online Gambling License Verification

This is the largest group of countries. Many of them do not regulate gambling activities at all.

Norway Online Gambling License Renewal

Online gambling laws around the world

Norway Online Gambling License Application

Today almost every country has its own rules regulating the land-based gambling. However, the situation with online gambling is more ambiguous. As can be seen, the attitude towards local and foreign operators differs fundamentally from country to country.

In the European Union, for example, the operators of the foreign gambling sites are subject to the requirements of the EU law. However, not all countries agree that foreign operators don’t pay taxes to the local treasury. Contrary to the requirements of the EU, they put the foreign operators under own regulations forcing them to obtain a local gaming license and pay taxes to the local budget. Among these countries France, Germany, Italy, etc.

The second reason for the different attitudes to local and foreign operators is that many countries (especially those not technologically advanced) simply do not have the resources or tools to prevent foreign companies from operating in their territories.

Summing up the availability of online gambling around the world:

• 32 countries prohibit the local operators from working without a license, but those gambling sites that operate from abroad can easily offer their services to local residents. Among them, the following countries: Seychelles, Armenia, Dominican Republic, Greece, Monaco, Norway, Canada, Sweden, Switzerland, etc.
• 32 countries allow online gambling only with the local license. For example, Austria, Denmark, Finland, France, the UK, the Netherlands etc.
• 28 countries prohibit locals from gambling and block sites of local gambling operators. However, foreign platforms can work freely, even if they have no license. These states are either unwilling or are not able to prevent them. For example, Australia, Brazil, New Zealand, Mexico, Japan, Singapore, Nigeria, etc.
• 93 countries do not prohibit online casinos and do not license them. They include Bolivia, Uruguay, Venezuela, Bahamas, Argentina, Egypt, Kenya, Tunisia, Kosovo, Gibraltar, etc.