Online Gaming License
South Pacific Business Advisory works closely wit the relevant stakeholders in the online gaming industry
The Vanuatu Government determined that internet gaming, if managed responsibly and appropriately, may be offered from within Vanuatu with significant advantage to operators, players and the people of Vanuatu represented by the Government.
The goal is to attract strong and well positioned internet gaming operators who can, together with the Government, be a driving force to the sensible legitimization of internet gaming worldwide.
Vanuatu has enacted a comprehensive legislative framework that provides for the following:
• Probity checking of license applicants, their close associates and significant suppliers – to ensure that the people conducting internet gaming from Vanuatu are fit to do so;
• Competency checking to assure that licensees have the necessary skills and experience to successfully operate an internet gaming business.
• Financial checking of operators to assure licensees have the financial resources necessary to be successful;
• Gaming system checking to assure that the gaming systems are secure, fair, robust and well managed;
License applicants are required to provide sufficient particulars about themselves, their close associates, including significant suppliers. Applicants for gambling licenses on Vanuatu working with their gaming application suppliers, will also be required to submit their chosen internet gaming system to an independent security, fairness and reliability audit. If a selected gaming system has already been approved by an independent auditor then a full gaming system audit may not be required, a smaller less intrusive audit may suffice.
Interactive Gaming Tax Rate is set at 2.5% of gross profit (or 0.1% of Turn-over for Fixed odds event wagering) and will be maintained at sensible and competitive levels that are aligned with the evolving nature of internet gaming.
South Pacific Business Advisory can assist you form inception and through the Application process and trading.