Frequently Asked Questions
What are the requirements to obtain a gaming and a gabmling license in Cyprus?
Applicants must have a registered company in Cyprus, ensure compliance with financial and criminal background checks, and meet specific capital requirements
What types of gaming activities are allowed under the Cyprus gaming license?
The license covers a variety of activities including sports betting, online casinos, and poker rooms, providing a comprehensive platform for operators
What is the cost of obtaining a gaming license in Cyprus?
The fee for a one-year license is around €30,000, with a two-year license costing approximately €45,000
How long does it take to obtain a gaming license in Cyprus?
The application process typically takes about 2-3 months, depending on the completeness and accuracy of the submitted information
What are the benefits of obtaining a gaming license in Cyprus?
Key benefits include access to the EU market, a reputable regulatory environment, and a stable political and economic climate conducive to business growth