Greece

Advantages

1. Growing Online Gambling Market

The Greek online gambling market has witnessed significant growth in recent years, indicating a strong player base.
Greece boasts a young and tech-savvy population, propelling the online gambling market forward.

2. Reformed Regulatory Framework

Hellenic Gaming Commission (HGC) established in 2011, regulates online gambling operations, providing a clear and transparent framework.
The HGC prioritizes responsible gambling practices, ensuring player protection and fostering trust.
The licensing process for online gambling businesses has been streamlined in recent years.

3. Strategic EU Location

Being a member of the European Union grants access to a wider European market, facilitating potential expansion.
Greece’s location positions it well to target both European and Eastern Mediterranean markets.

4. Additional Considerations

While not the highest in the EU, Greece’s corporate tax rate for online gambling operators might be less attractive compared to some emerging markets.
The Greek online gambling market is becoming increasingly competitive, with established domestic and international operators vying for market share.

Get in touch with us to learn more about heaving a gaming license in Greece

Jurisdiction: Greece
Regulator: Hellenic Gaming Commission (HGC)
License Name: Manufacturer Suitability License Category A1
Activities Allowed (Platform/games): Providing services for gambling B2C operators in Greece. B2B license holder means a provider specialized in the gambling industry that supply products/services to licensed B2C operators
Structure requirements (#shareholders/director/officers,MLRO): It is not obligatory to apply with a Greek entity; it is also acceptable to apply with companies incorporated in EU, EEA entities.
Basic requirements (business plan, website. demands from UBO, professional background: Standard, except for two specifc requirements: 1) applicant must already hold a B2B license from another EU member; 2)be ISO 27001 certified;
Local Physical Presence (Local Office and Local Staff): Not mandatory; However, must appoint a local representative;
Tax Rate: 0.22
Minimum Capital Requirement: No Capital Paid annually - Licensing Fee €25,000
Time Frame for License Issuance (as of submission): 8 weeks
Regulatory leniency level (basic, intermediate, complex): Intermediate
License Validity: 7 years
Reporting Frequency (Monthly/Quarterly/Annualy): Annual
Advantages (Other territories recognition): License with stringent requirements in one of the growing gaming markets in the EU

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