The successful and profitable operation of an iGaming project is not possible without a permit. The document makes the business legal and trustworthy and serves as a guarantee that all prize money and bonuses will be paid in full.
CASEXE offers to obtain a licence from Belize. The jurisdiction is characterised by low taxes, high speed of application processing, and access to advanced IT infrastructure.
Belize is a rapidly evolving state in Latin America. The country is considered to be the financial centre of LatAm. It maintains and strengthens partnerships with Asia, Europe, and North America.
For a long time, Belize was a colony of the British crown, so English is the official language here. Due to this, the jurisdiction is popular with investors from the USA, Great Britain, and Canada.
Until the 90s of the last century, the country was completely dependent on external subsidies, the tourism and oil industries, as well as fishing. Large-scale reforms in the mid-90s made Belize a financial and banking centre in the Caribbean region. They attracted huge investments in the country's insurance and healthcare sectors.
The jurisdiction was one of the first in the world to assess the potential of the gambling industry:
The state puts forward minimum requirements for gambling permit applicants.
There is not much information in the public environment on how to get a casino licence in Belize. Therefore, we recommend you consult with the experts of the CASEXE studio before filling out an application. Such a step will help you save time on launching an iGaming project and allocate the starting budget rationally.
An entrepreneur needs to establish a company in Belize, as well as open a local office and a bank account.
At least one gambling company founder or investor must reside in Belize. This fact is confirmed by the lease agreement for the last 6 months. Otherwise, it is necessary to apply for citizenship. The norm was introduced relatively recently — in 2019.
An independent check is carried out by the main regulator of the country — the Gambling Control Board (GCB).
The focus is on the reliability of investors and ultimate beneficiaries of an iGaming start-up, as well as sources of funds. The commission checks the previous work experience and competencies of the founders and evaluates their readiness to make weighted decisions in favour of their businesses.
The list of the required documents includes:
To launch a casino platform online with a Belize licence, the operator needs to make a $500,000 payment to the Central Bank of the country.
This amount is intended to cover unforeseen expenses of the entrepreneur (for example, large jackpots), as well as to guarantee protection against fraud and illegal actions of the businessman.
The deposit is kept in a special account of the GCB regulator and is returned to the applicant upon expiration of the document.
The entrepreneur must use only the components of a gambling website that have been tested by independent experts:
To open a turnkey casino with a Belize licence, the entrepreneur sends a layout of a site, a description of the depositing and withdrawing procedures, and software quality certificates to the GCB regulator.
Belize is one of the few jurisdictions where a business plan is not required to open a business.
The operator signs an agreement on:
The term for consideration of the final application is 24 hours. After the Belize gambling licence is approved, the entrepreneur can accept bets from gamers.
The document is valid for 1 year. Further, it can be extended by a simplified procedure. Regardless of the obtaining date, its validity always ends on March 31st. For this reason, it is necessary to apply as close to this day as possible to manage an iGaming project for a longer time.
The main costs of the entrepreneur are:
Item of Expenses
Application fee for the Gambling Control Board
One-time GCB payment
Guidebook registration fee
Document renewal payment
The answer to the question of how much a Belize casino licence costs depends on how long a businessman has worked in the gambling market. If the company plans to operate a gaming site for 5 years, it needs to spend at least $50,000 on regulated fees.
The features of working in the jurisdiction:
Consider why the Belize casino licence is highly valued in the global gambling market:
The government of the country grants one permission for all types of gambling:
When preparing documents for the GCB, the applicant should provide the regulator with a business model for the future iGaming project. After the expiration of the permit (1 year), the entrepreneur can easily change the vector of business development or add new activities.
The gambling commission is working on reducing the price of the permit. In 1995, casino licensing in Belize cost $50,000. In 2004, the price of the document dropped to $15,000.
In 2020, the regulator reduced the financial burden on entrepreneurs further by offering an annual permit for $10,000.
Depending on the chosen business model, operators may qualify for tax incentives. These are reduced rates of deductions on the wages of hired personnel, the minimum commission for banking services, and other benefits.
The Belize online casino licence allows its owner to work in the .com domain zone and accept bets from players located in different countries. The main requirement is the fact that the attraction of Internet traffic should not contradict the local legislation of a particular state.
The launch of an iGaming site in the jurisdiction ensures legitimate interaction with gamers from Spain, Poland, France, Malta, and other prestigious countries. At the same time, the operator is obliged to identify gamblers promptly, check their age, and scan payments for compliance with the AML policy.
The Belize gambling licence is issued in just 24 hours if the application is correctly filled out and the documents provided are complete. According to this indicator, the country ranks first in the world and surpasses many offshore zones: Malta, Kahnawake, Panama, and others.
The document is valid for one year. Then, it can be extended under a simplified procedure. All applications are accepted digitally without the personal presence of the operator at the office of the gambling committee.
Belize is the financial centre of the Caribbean region. The country maintains close ties with Europe, North, and South America. It offers concessional financing and discounts for large investors.
The gambling licence from Belize is highly valued in the international gambling market.
Gamers and B2B partners trust entrepreneurs due to the availability of a financial guarantee. The money is accumulated on a special GCB account and can be used to cover the operator's monetary obligations:
Several large fintech companies with powerful server hardware and global data centres are located on the island.
The entrepreneur can rent a physical server or a virtual cloud to store sensitive data securely. The connection to advanced data centres guarantees high performance of the gambling site.
The platform can process over 10 thousand requests per minute:
The considered country is a beneficial option for obtaining a gambling licence, launching, and scaling an iGaming project.
CASEXE provides assistance in obtaining a Belize licence. We are engaged in the preparation and submission of documents, the creation of a business plan and other supporting documents, as well as the consultation on tax issues.
You can buy profitable gambling solutions at the CASEXE studio:
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