The Anjouan Gaming License is a licensing framework that allows companies to operate online gambling platforms under the jurisdiction of Anjouan, a small island located in the Indian Ocean. This licensing scheme boasts affordable cost, modern regulatory requirements, and the flexibility innovative operators and game providers need. In this article, iGaming industry consultant Ron Mendelson delves deeper into this license.
Anjouan, officially known as the Autonomous Island of Anjouan, is part of the Union of the Comoros, a nation comprising three other islands. Despite its small size and relatively low population, Anjouan has positioned itself as a hub for online gambling companies seeking a favorable regulatory environment.
Benefits of the Anjouan Gaming License
One of the advantages of obtaining an Anjouan Gaming License is its affordability. The licensing fees and associated costs are comparatively lower than those of other well-established gambling jurisdictions such as Malta, Gibraltar, or the Isle of Man. This affordability is set to make Anjouan the most attractive option for startups and smaller gambling operators with limited budgets.
Furthermore, the licensing process in Anjouan is modern, streamlined and relatively straightforward. Operators interested in obtaining an online gambling license need to submit an application via Fast Offshore, along with the required documentation and fees. The application is then evaluated based on various criteria, including the operator’s financial stability, integrity, and technical capabilities. Once the application is approved, the operator is granted a license to operate over the internet from within the jurisdiction of Anjouan.
The regulatory framework of the Anjouan online gambling license is considered to be more flexible than some other jurisdictions. While various rules and regulations exist to ensure fair play, player protection and responsible gambling practices. This flexibility attracts operators who seek a more permissive regulatory environment.
Overall, holding an Anjouan Gaming License demonstrates the operator has met the various requirements and obligations, and is supervised by an accountable authority.
Points to consider
However, it is important to note that the Anjouan Gaming License is not as well known as licenses issued by other jurisdictions, such as Curacao, this is changing. As sweeping changes are taking place with the Curacao online gambling licensing regime, operators are looking at Anjouan as a viable alternative and it is expected this will be the next mecca for operators to call home.
Furthermore, while it allows operators to offer online gambling services to players from many jurisdictions around the world, certain countries may have specific laws or regulations that restrict online gambling. Operators must conduct thorough research to ensure compliance with the legal requirements of their target markets.
Getting the license
The establishment of the Anjouan Gaming License has resulted in fostering economic advancement, ensuring financial stability, and fostering global collaboration.
With a clear objective to facilitate economic progress and entice foreign investment to Anjouan Island, the regime is built upon the fundamental values of transparency, regulatory proficiency, and adherence to globally recognized benchmarks.
Applying for and obtaining an Anjouan online gambling license can be done through Fast Offshore who can take care of the whole process, ensuring maximum compliance every step of the way.
The nitty gritty
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The Anjouan license is issued for one year and is renewable annually;
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The standard license includes 2 URLs with additional URLs added at an additional cost;
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Sublicensing is not permitted;
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A fit and proper test is carried out on all directors, shareholders and UBOs;
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There are several system and server requirements to consider;
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In addition, there are AML, compliance and operational policies that must be drafted and made available;
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The license covers any and all types of games of chance including but not limited to casino, poker, betting, lottery and even the provision of software and white-labelling services;
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The license is available for both B2C and B2B
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The general requirements are a business summary, compliant T&Cs, compliant policies for KYC, underage gaming, fair gaming, and AML. In addition to RNG testing certificates, and fully executed copies of content provider agreements for games;
In conclusion, the Anjouan online gambling license offers an affordable and relatively easy-to-obtain licensing option for online gambling operators. The licensing framework provides flexibility and opportunities for startups and smaller operators with limited budgets. To find out more about the license, contact Fast Offshore, a respected corporate services provider with extensive experience in iGaming and helping operators acquire licenses.
Original article: https://www.yogonet.com/international/news/2023/06/06/67412-anjouan-the-igaming-worlds-most-underrated-license
