Published on May 15, 2025
Where to get a Gambling license in 2025: A comparison of available jurisdictions
How to choose a gambling license in 2025: Comparative analysis of Anjouan, Malta, and Tobique
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Obtaining a gambling license is a crucial step for launching or legalizing an online casino, sportsbook platform, or any other iGaming business. In 2025, the licensing landscape has become more complex: regulatory pressure is increasing, compliance requirements are tightening, and payment systems are playing a bigger role.
Choosing the right gambling license impacts everything – from opening a bank account to gaining the trust of players and partners. In this article, we compare three popular jurisdictions: Anjouan (Comoros), Malta, and Tobique (Canada), based on key business parameters.
Choosing the right gambling license impacts everything – from opening a bank account to gaining the trust of players and partners. In this article, we compare three popular jurisdictions: Anjouan (Comoros), Malta, and Tobique (Canada), based on key business parameters.
Why is choosing the right gambling license so important in 2025?
A gambling license isn’t just a formality. It grants access to PSPs, banks, advertising networks, and B2B providers. Choosing the wrong jurisdiction can result in payment gateway rejections, blocked accounts, and reputational damage.
Key factors to consider in 2025:
Key factors to consider in 2025:
- Cost and timeframe to obtain a license
- Whether company registration in the jurisdiction is mandatory
- Regulation level and compliance standards (KYC/AML)
- Ability to work with cryptocurrencies
- Reputation of the license among players, banks, and game providers
1. Anjouan (Union of the Comoros)
Key Features:
- Time to obtain: 2–4 weeks
- Legal entity: allows use of a foreign company (e.g., Curaçao, Costa Rica, or Cyprus)
- Cost: from €19,000 per year
- Regulator: Gaming Authority of Anjouan
- Compliance: basic KYC and simplified reporting
- Very fast licensing procedure
- No requirement to register a company in Anjouan
- Crypto-friendly jurisdiction
- Supported by most payment providers (EMIs and alternative PSPs)
- Moderate reputation in EU countries
- May not be suitable for fully regulated markets (France, Germany, Netherlands)
2. Malta (Malta Gaming Authority – MGA)
Key Features:
- Time to obtain: from 5 months
- Requires incorporation of a Maltese company and a local office
- Cost: from €40,000+ per year (including taxes, licensing, and audit)
- Regulator: MGA – a reputable European authority
- Compliance: full – internal policies, audit, strict KYC/AML
- Strong reputation within the EU and among B2B partners
- Supported by banks, payment systems, and international PSPs
- Legal access to regulated markets (EU, UK)
- High costs and long licensing timelines
- Strict substance requirements: physical office, staff, local presence
3. Tobique (Tobique First Nation, Canada)
Key Features:
- Time to obtain: 6–8 weeks
- Company: no need to incorporate in Canada, existing structure can be used
- Cost: from $30,000–40,000 per year
- Regulator: Tobique Gaming Commission
- Compliance: moderate – AML/KYC policy and gaming control required
- Fast project launch
- No requirement for a local office
- Cryptocurrency-friendly
- License recognized by many game providers and PSPs
- Regionally focused, not universally accepted in Europe
- Not all banks are willing to work with this license
How to choose a jurisdiction for an online casino license?
Before selecting a license, ask yourself three questions:
- Where are your players located, and which markets are you targeting?
- Are you ready to meet compliance requirements and full reporting obligations?
- What’s critical for you: speed of launch, cost, or the reputation of the license?
Conclusion: What to choose in 2025
Anjouan – the best option for those who want a fast launch, don’t need a local company, and plan to work with cryptocurrency.
Malta – the optimal choice for brands targeting Europe and the white label segment.
Tobique – an excellent solution for flexible models, international projects, and those who want licensing without lengthy formalities.
Malta – the optimal choice for brands targeting Europe and the white label segment.
Tobique – an excellent solution for flexible models, international projects, and those who want licensing without lengthy formalities.
Final Recommendations from Finextwin
We provide full support in obtaining a gambling license in any of the listed jurisdictions – from strategy and structure development to approval and integration with payment providers.
Need help choosing the right jurisdiction and license for your project? Contact us – we’ll guide you on where and how to get a gambling license in 2025 as efficiently as possible.
Need help choosing the right jurisdiction and license for your project? Contact us – we’ll guide you on where and how to get a gambling license in 2025 as efficiently as possible.
Frequently Asked Questions
Everything you need to know before starting a gambling business
The most cost-effective licenses remain Anjouan (from €19,000 per year) and Tobique (from $30,000–40,000). These are suitable for fast launch, especially if you don’t want to register a local company. However, it’s important to consider not only the price but also your business goals, and the requirements of banks and providers.
Yes. For example, Anjouan and Tobique licenses allow you to use an existing company (even from other countries), which saves time and resources. Malta, on the other hand, requires mandatory registration of a local company and full compliance with substance requirements.
The fastest jurisdictions in 2025 are Anjouan (2–4 weeks) and Tobique (6–8 weeks). These are ideal options for those who want to launch quickly. Malta takes at least 5 months.
The Maltese MGA license is the most reputable in the gambling industry. It is recognized by all major banks, PSPs, game providers, and advertising networks. However, obtaining this license requires significant investment and thorough legal preparation.
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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: from 10 weeks
License cost: from 33,500 EUR
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: 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
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 / 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
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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