Best Legal Entity for Online Gambling Services?

[banafinfodafuggiano]

What's a legal entity that can be used to run online gambling activities without breaking the law?

I'm a resident of Canada and I will not use my Canadian company to run this business,
I heard the UK is a possible option but the Director name are PUBLIC.

Is there any country that does not share on Google your own name as the director of the company that
also allows online Gambling business activities?

 

[Sols]

Take some time to look into gambling licenses and how they work.

Who's saying it‌ has to be you on the board of directors?

Curaçao, Kahnawake, Estonia, Malta, Gibraltar, Isle‍ of Man, and so many more , some sketchier than others.

 

[daniels27]

We normally use Canadian natives for that.

 

[Gediminas]

Hi,

First of all, gambling is subject to licensing. There are⁢ many different structuring options for gambling businesses, but I would separate them into (i) fully︀ licensed businesses and (ii) non-licensed businesses that operate on various legal opinions that say that︁ a license is not required.

Legal opinions use loopholes in national laws, they are either︂ related to territorial approach (“as long as it does not happen in the country it︃ is not gambling”) or they claim that a particular business model does not fall into︄ the gambling definition (like SGG, mystery boxes, etc.).

The majority of such options are issued︅ from Cyprus, but in order to operate properly usually two companies are required. If properly︆ structured, it allows open merchant accounts and EMI accounts.

Another group is fully licensed casinos.︇ Probably the most popular structure in the world is the Curacao license plus Cypriot subsidiary︈ for payment processing.

During the last two years, Curacao has undergone some legal changes but︉ in fact, it is still the number one structure.

Other licenses like Maltese, Isle of︊ Man, and Gibraltar are more expensive and in the long run, much more difficult to︋ operate.

Anjouan license is probably the easiest to obtain, however, since Anjouan is not a︌ country, but an autonomous region validity of the license is questionable. It is very hard︍ to set up banking for it.

 

[Don]

I guess this falls into⁠ the same category as a gambling license from Prednistrovie.
https://bnnbreaking.com/world/roman...to-transnistria-to-evade-regulatory-scrutiny/

 

[daniels27]

If you want it in Transnistria, let me know. In another thread, we are about‌ to organise a business there in order to get residency. We may be able to‍ combine.