List of Best Antigua and Barbuda Online Casinos
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Last updated: 6 February 2024
Antigua and Barbuda, a twin-island nation in the Caribbean, is a well-known jurisdiction for online gambling businesses. The country’s favorable licensing conditions, robust regulations, and low tax rates make it a popular choice for entrepreneurs worldwide, including those from New Zealand, looking to open an online casino. This article provides a step-by-step guide on how to establish an online casino in Antigua and Barbuda.
1. Understand the Legal Framework
Before starting the process, familiarize yourself with the legal framework governing online gambling in Antigua and Barbuda. The Interactive Gaming and Interactive Wagering Regulations (2007) is the primary legislation that regulates online casinos in the country.
2. Form a Company
To apply for a license, you must first form a company in Antigua and Barbuda. This involves registering your business with the country’s Company Registry, which typically requires a company name, details of directors and shareholders, and a registered address in Antigua and Barbuda.
3. Apply for a License
Once your company is set up, you can apply for an interactive gaming or interactive wagering license from the Directorate of Offshore Gaming. The license application requires detailed information about your company, including business plans, software details, and financial projections.
4. Undergo the Due Diligence Process
The Directorate conducts a rigorous due diligence process on all license applicants. This includes checking the background of the company, its directors, and significant shareholders to ensure they have a good reputation and sufficient financial resources.
5. Comply with Technical Standards
Your online casino must comply with the technical standards set by the Directorate. This includes having a secure and reliable gaming system, fair games, and robust measures to protect players’ data and transactions.
6. Pay the Licensing Fees
If your application is successful, you must pay the licensing fees, which include an annual license fee and a levy on gross gaming revenues. The exact amounts vary and are detailed in the Interactive Gaming and Interactive Wagering Regulations.
7. Maintain Ongoing Compliance
After obtaining your license, you must maintain ongoing compliance with the regulations. This includes regular audits, paying annual fees, and adhering to any changes in the law.
In conclusion, while setting up an online casino in Antigua and Barbuda involves several steps and strict compliance with regulations, it offers many benefits, including a reputable license, favorable tax conditions, and access to a global market. For New Zealand entrepreneurs, it represents a viable opportunity to enter the international online gambling industry.
This article is intended for informational purposes and should not be used as legal or financial advice. Always consult with a qualified professional before making any business decisions.