Where to register a company for an online casino in 2025: top jurisdictions for launching a gambling business — Anjouan, Curaçao, Cyprus and others

Published on February 6, 2025
Where to register a company for launching an online casino in 2025: Anjouan, Curacao, Cyprus and other jurisdictions
How to choose a country to register a company for a gambling project
Registering a company is the foundation for launching an online casino. However, not every jurisdiction is suitable for setting up a legal entity for licensing and payment integrations. The choice depends on the license requirements, banking infrastructure, and reputation of the country. In this article, we explain where to register a company for Anjouan, Tobique, Curaçao, and Malta licenses, and why Costa Rica, Cyprus, and Saint Vincent remain popular options.

When is a local company mandatory?

Some gambling licenses strictly require registering a company within the same jurisdiction. This is a mandatory condition for obtaining a license:
  • Curacao – requires a local company (typically an NV or BV) registered with a licensed service provider.
  • Malta – requires a resident company with substance (office, local director, employees).
  • Isle of Man – only local structures with proven presence are accepted.
If you're considering one of these licenses, registering a local entity is a non-negotiable part of the process, impacting taxation, costs, and timeframes.

Anjouan and Tobique licenses: no local company required

In 2025, more entrepreneurs are choosing Anjouan (Comoros) and Tobique First Nation (Canada) licenses because of their simplicity. The key benefit: no need to register a company in the licensing country. You can obtain the license using an entity from a friendly jurisdiction.
This provides flexibility and cost-efficiency:
  • Choose a jurisdiction with favorable tax regimes.
  • Easier to integrate payment solutions.
  • Faster compliance with banks and PSPs.
  • Lower ongoing administrative costs.

Where do we register companies for Anjouan and Tobique licenses?

Below are the jurisdictions we most frequently recommend and use for our clients:
1. Costa Rica
  • Neutral reputation in banking and compliance
  • Simple reporting requirements
  • Popular for Latin American clients
  • Compatible with Tobique and Anjouan licenses
2. Cyprus
  • EU-based jurisdiction with full transparency
  • Well-accepted by banks and PSPs
  • Favorable for long-term tax structuring
3. Belize
  • Moderate compliance requirements
  • Suitable for high-risk projects
  • Commonly used for Anjouan licensing without substance
4. Saint Vincent and the Grenadines
  • Fast registration process
  • Low maintenance costs
  • Flexible structure for quick market entry

Key Factors When Choosing a Country for Company Formation

  1. License Compatibility – the jurisdiction must be accepted by the regulator.
  2. Compliance Risk – banking reputation and willingness of PSPs to work with your structure.
  3. Taxes and Reporting – audit requirements, corporate tax rates, and accounting costs.
  4. Speed of Incorporation – from 2 days (Belize) to 2 weeks (Cyprus).
  5. Ongoing Costs – from $800 to $5,000+ annually depending on the country.

Potential risks of registering a company and license in different jurisdictions

In practice, registering a company in one country and obtaining a license in another can lead to significant risks. Some jurisdictions have already begun requiring such companies to either cease operations or transfer the license to a locally registered legal entity.
This may result in:
  • business interruption,
  • rejection by payment providers,
  • or even legal consequences.
We recommend registering the company in the same jurisdiction where the license is obtained. This minimizes risks, simplifies compliance, and ensures full alignment with regulatory requirements.

Conclusion: One License – Multiple Scenarios

If your goal is to launch an online casino quickly, with minimal complexity and lower compliance demands, the ideal solution is an Anjouan or Tobique license with a company registered in Costa Rica, Belize, or Saint Vincent.
If you're building a long-term international brand with banking, PSP integrations, and entry into regulated markets, it may be worth considering Cyprus or Curaçao, with plans to obtain a local license in the future.

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Frequently Asked Questions

Everything you need to know before starting a gambling business

Popular iGaming licenses in 2025

Corporate tax: 0%
Local company: not required
Share capital: not specified
Local director: not required
Suitable for: all types of gambling
License processing time: 3-4 weeks
License cost: from 19,000 EUR
Corporate tax: 0%
Local company: not required
Share capital: not specified
Local director: not required
Suitable for: all types of gambling
License processing time: from 10 weeks
License cost: from 33,500 EUR
Corporate tax / GGR: 5%
Local company: required
Share capital: 40,000–100,000 EUR
Local director: required
Office: local office required
License processing time: from 5 months
License cost: from 35,000 EUR

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Comparative analysis of Anjouan, Malta, and Tobique

March 27, 2025
Risks of running a gambling business without a license

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