Online casinos licensed in Montenegro

Montenegro is a country where licensing for online casinos has appeared relatively recently. It was only in 2011 that the main body responsible for licenses for virtual gambling (eGambling Montenegro) began to actively carry out its work in the online field. National currency: Euro

Casino licenses and other details. Since 2014, the number of online casinos with a Montenegrin license has begun to grow rapidly. But control over the activities of online gaming projects still leaves much to be desired.

At the moment, many virtual gambling organizations licensed in this jurisdiction are blacklisted by authoritative ratings of gaming companies. This is due to the constant fraud of operators who want to have this license and not pay taxes.

But this does not mean that any new online gaming project with a Montenegrin license will immediately have a terrible reputation. It all depends on the leaders of the gaming company.

Montenegro provides one license for the entire gambling industry. That is, it does not matter whether it is an online casino or a poker room, you will have to pay the same amount. In this case, payment is made for each item separately.

Consideration of the application lasts approximately 30-40 days, excluding the time spent on collecting documents. There are also exceptional cases when an application can be considered for more than 2 months.

Important to know! After the application is approved, within 60 days, special services review gambling projects, monitor the honesty policy and control the level of payments to users.

Absolutely all people (who have reached the age of majority) who are in the EU countries can play online casinos with a Montenegrin license.

At the same time, you can advertise the project on the territory of any EU member state. That is, great opportunities are opening up for both investors from Europe and gamblers.

Pricing and taxes

The cost of the license is 25,000 euros. The payment includes:

• Filing an application for a license;
• Opening trading accounts in banks;
• Setting up the software.

The renewal of the license costs 15,000 euros. Payment must be made annually on the same day. If the operator forgets to pay, he may automatically be subject to a fine. The amount of the fine is determined by the gambling commission in Montenegro.

The single rate of corporate income tax and income tax is 9% and is not charged from the money turnover of online casinos. This gives an advantage to entrepreneurs, as it is possible to pay this amount without necessarily using the proceeds of a project with a Montenegrin license.

What you need to launch a project in Montenegro

The operator needs to open a limited liability company (LLC) or joint stock company in Montenegro and pay the cost of the license (or licenses).

In order for the project to start its work after obtaining a license, you must have:

• professional certified software (configuration is included in the license price).
• separate secure server.
• multi-currency merchant account.
• current account in a reliable bank Montenegro (creation is included in the price of the license).
• marketing strategy (business plan).

A bank account must have €300,000 or more in order for a government department to assess the company's solvency.

Interesting details about Montenegro as a gambling jurisdiction

• The main income to the treasury (in the field of gaming virtual activities) is contributed by foreign investors.
• Many entrepreneurs choose complex platforms for the implementation of online casinos.
• All servers that host gaming online projects with a Montenegrin license are located within the country.
• Montenegro is the 2nd country after Malta in terms of the number of licenses issued for online projects (poker rooms, online casinos, bookmakers, etc.)
< li>Any bank account opened abroad must be approved by the national commission.
• Many payment systems and banks have stopped working with operators licensed in Montenegro.
• Montenegrin jurisdiction gaming licenses are not yet have been whitelisted by the UK Gambling Commission. It is in this list that the most reliable online gaming licenses are collected.

Montenegro, as a gambling jurisdiction, strictly prohibits!

1. Use casinos and other online projects for money laundering and other fraud-related operations.
2. Place an online gaming project on servers located in other countries.
3. Use old software software in which the user or any third party can find loopholes for hacking accounts or stealing funds
4. Enable people who are not located in the territory of EU member states to register in the project.

Contact detailsllicensing authority in Montenegro

• Registration number: 50615951
• Address: 81000 Podgorica, Moskovska br. 65.
• Endre Kodolányi — Head of E-Gambling Montenegro d.o
• Website: https://e-gambling.me

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