1. Legal Entity in Malta
Only a Maltese company can apply for a license. Registration includes appointing a local director, secretary, and registered address.
2. License Segmentation by Game Type
MGA issues four types of B2C licenses:
• Type 1 – games based on a random number generator (slots, virtual games)
• Type 2 – games against the house (sports betting)
• Type 3 – games against other players (poker, betting exchanges)
• Type 4 – controlled services and B2B platforms
Each type requires a separate license if operating in multiple verticals.
3. Share Capital
Requirements vary by license type:
• from €40,000 for a single class
• up to €240,000 when combining multiple classes
4. Financial and Technical Check
Application requires:
• A detailed business plan
• 3-year financial forecasts
• Proof of source of funds
• Documents for all beneficial owners (passport, CV, certificate of no criminal record)
5. Local Presence
Servers and the core control system must be located in Malta or in an EU-approved zone. An operational office, employees, and internal control systems are mandatory.
6. AML/KYC and Auditing Procedures
MGA requires full AML policy implementation, appointment of an MLRO, and ongoing reporting. Also required:
• Annual financial audit
• Game fairness checks and player fund protection
7. Processing Timeline
The full licensing process takes 5–12 months. The stages include due diligence, business model review, and technical platform testing.