It is estimated that around 30% of the world’s gaming companies are operating via Malta. The Maltese gaming scene, with its solid regulatory environment bolstered by the Malta Gaming Authority (“MGA”), has proven to have become a very popular gaming platform for companies wanting to operate within this sector.
The relative gaming laws in Malta have provided a varied tiered mechanism whereby different classes of licenses may be applied for, each of which have a separate gaming tax regime which is applicable.
The Chief Executive Officers and other high ranking personnel within such gaming companies have also been given some special tax breaks in terms of the Highly Qualified Persons Rules, as amended. Such recent additions to the fiscal regime in Malta have made this jurisdiction even more attractive for international clients setting up Maltese business in the gaming sector.
Gaming companies setting up in Malta need the correct guidance in order to apply for their gaming license with the MGA, and also would require the correct advice and set up in order to meet the ongoing regulatory obligations which the latter Authority would impose.
Malta Gaming License
Gaming License For a B2C:
Non- Refundable Annual Fee paid in advance upon the issue of license — €25,000
Administrative / Renewal Fee — €5,000
Compliance Contribution Fees:
- for a Class 1 license, a minimum compliance contribution of €15,000 which is capped at €375,000, with a percentage range from 0.4% to 1.25%;
- for a Class 2 license, a minimum compliance contribution of €25,000 which is capped at €600,000, with a percentage range from 0.4% to 4%;
- for a Class 3 license a minimum compliance contribution of €25,000 which is capped at €500,000, with a percentage range from 0.4% to 4%;
B2C licencees startups are exempt from paying their compliance contributions for one year.
Gaming License For a B2B:
For a Class 4 license, an annual fee of €25,000 to €35,000, is paid dependent on gaming revenue.
B2B Licensees are not required to pay compliance contributions.