Getting a betting license in Cyprus is one of the hottest topics these days, considering that it was just last October 2016 when the government finally embraced sports betting in the country.
18, March 2017: Getting a betting license in Cyprus is one of the hottest topics these days, considering that it was just last October 2016 when the government finally embraced sports betting in the country. Prospectacy is here to extend a helping hand to all companies that would like to operate and specialize in sports betting in Cyprus.
Their team will be assisting their customers in gaining a legal internet or a land-based Cyrus gambling law from different jurisdictions including Cyprus. The company also revealed that the application process may take as long as six to eight weeks to complete.
A Cyprus gaming license permits the betting operator to operate not just internationally but in Cyprus as well. The country has been considered as a large market for each operator and a fee of the foreign betting firms claim that the latest Cyprus law would cost them over six million on their annual profit. In the Cyprus new legislation, there are 2 classes in which the operator might be licensed, namely Class 1 and Class 2. Prospectacy said that the class 1 is for the land-based betting and this particular class is the one that offer the privilege to the bookmaker to run over the betting shops. The class 2 is for the web-based betting and it permits the bookmaker to run and manage his or her business online.Prospectacy has years of experience in the industry and they assure everyone that they can help them in filling all of the needed documents, both in the business and in technical level and then submit that to Cyprus Authorities. They will be assisting their clients on the incorporation of the business as
well as in managing the accounting requisites prior the submission and throughout the operation.
Prospectacy got the chance to work with different gaming companies for Cyprus legislation and their innovative system was assessed and was able to pass successful the entire assessments carried out under the current regulations. Some of the requisites for securing the casino gaming license include registering the company, submitting the needed documents for the system & the regulations as needed by the authorities of Cyprus and the collocation hosting in the country. The entire process will take as long as six to eight weeks.
To learn more about securing Cyprus casino license, please do not hesitate to visit the official website.
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