Maltese law uses the term “gaming” to refer to all gambling and gaming activities. Availing of this exemption is relatively easy – a company has to submit an application to the Malta Business Registry (MBR) within 6 months from the end of the accounting period to which the exemption should apply. For instance, a Private Limited Liability Company (Ltd) can be exempt from audit if its maximum annual turnover doesn’t exceed 80,000 EUR or a proportional amount if the accounting period is other than 12 months, and the company’s shareholders meet the criteria of qualifying shareholders. Malta’s companies can also take advantage of the exemption from the audit. Depending on such factors as the type of the company’s income, the tax can be reduced to 0-10%. Although generally companies are subject to Corporate Income Tax at the rate of 35%, non-resident shareholders can receive a refund of most of this tax, which significantly reduces the effective tax rate. The Withholding Tax in certain cases isn’t imposed on interest, royalties, dividends, and proceeds from liquidation. Gambling entrepreneurs can take advantage of over 70 international agreements on the elimination of double taxation which guarantee that income generated from gambling activities isn’t taxed twice in two different countries.

In Malta, the Gaming Tax is only 5% which is levied on the gaming revenue generated by the operator from the gaming service provided in a year. As long as you hold Malta’s gaming license, notifying relevant national financial authorities will suffice which is more cost-effective compared to obtaining a license in more wealthy European jurisdictions. It means that you won’t have to establish physical office branches or apply for a new license in every EEA country where you intend to conduct your business. If you’re looking for a way to enter the EU market, including the most prosperous countries, bear in mind that Malta’s gaming license grants EU passporting rights allowing licensees to offer gaming services in other jurisdictions of the EEA. Malta is a free-market economy offering all the benefits of a convenient and respected EU jurisdiction, only with smaller operational costs. Advantages of Having a Maltese Gambling License

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