The Island of Anjouan, nestled within the Union of Comoros, is not just a tropical paradise but is now also recognized player in the global gaming industry. The island’s introduction of a new iGaming license regime has caught the attention of gaming operators worldwide, particularly as the landscape in Curacao becomes more uncertain due to unfolding regulatory changes.
For years, Curacao has been a favored licensing destination due to its accessible entry-level license and cost-effective setup. However, with the Curacao Government’s Gaming Reform set to introduce more stringent compliance measures and higher operating costs, many operators are exploring alternative regulatory options.
Anjouan’s newly modernized gaming license offers a similar appeal to Curacao’s, with some even suggesting it was designed with Curacao’s model in mind. Anjouan stands out with its quick processing times and a single license that covers a wide range of gaming activities, including Casino, Sports, Poker, and Blockchain-Based Games. This accessibility, coupled with competitive pricing, makes Anjouan an attractive destination for startups and those new to the online gambling industry.
Advantages of the Anjouan Gambling License
The Anjouan gambling license offers numerous benefits, from operational efficiency to corporate and fiscal incentives. The licensing process is notably swift, with approval potentially granted within weeks. This speed is particularly advantageous for entrepreneurs on tight schedules. Additionally, the setup and maintenance costs in Anjouan are budget-friendly, appealing to startups.
The application process is streamlined, free from excessive bureaucracy, making it one of the easiest jurisdictions to obtain a gaming license. This allows entrepreneurs to test their concepts before moving into more challenging markets. The license provides comprehensive coverage of all iGaming activities under a single license, offering unparalleled flexibility.
Perhaps the most attractive feature is that operators with an Anjouan license are not subject to gaming tax on their gross gaming revenue, offering a highly favorable tax environment compared to other jurisdictions.
Overall, the Anjouan gambling license is a strategic choice for startups looking to establish their online gambling presence efficiently and affordably, with ample room for growth and diversification.
Regulatory Compliance and Obligations
Licensees in Anjouan must adhere to the 2005 Anjouan Betting and Gaming Act, which regulates online gambling, including sports betting, casino games, and more. While operators have the freedom to market their services as they choose, they must ensure their marketing does not harm Anjouan’s reputation or encourage underage gambling. Additionally, they must implement procedures to identify and assist at-risk players and stay informed about international legal developments.
Licensees must prohibit cash transactions related to player accounts and follow strict anti-money laundering procedures outlined by the Anjouan Gaming Board. This includes player identification, record-keeping, and reporting suspicious transactions. A senior representative must be designated as a money laundering reporting officer to notify the Gaming Board of any suspicious activities.
Moreover, licensees are required to produce regular compliance reports, appoint a compliance officer, and inform the board of any significant changes that may impact their license or Anjouan’s reputation as a gaming jurisdiction. They must also update the Gaming Board on any relevant changes in their operations and attend board meetings when required.
Why Choose Clearsky Network?
Clearsky Network—your trusted partner for business success, combining top-tier legal expertise with deep industry knowledge. Our comprehensive, one-stop solution empowers your venture at every stage, ensuring you stay ahead in today’s fast-evolving market.
When you partner with Clearsky Network, you unlock:
- Expert Legal Guidance
From concept to execution, we navigate the complexities of multi-jurisdictional licensing. We manage applications, liaise with regulators, draft policies, and ensure you remain fully compliant every step of the way. - Tailored Payment Solutions
We streamline your financial operations, helping you establish bank accounts, integrate with payment providers and crypto exchanges, and secure the payment solutions best suited to your business. - Compliance Mastery
Keep your business in top regulatory shape with our expert compliance services. From providing up-to-date advice to outsourcing compliance officers and AML solutions, we equip you with the tools and training to meet global standards. - Global Network of Professionals
Gain access to a worldwide network of local law firms, accountants, and service providers, ensuring your business thrives in any market, anywhere in the world. - Industry Expertise You Can Trust
Benefit from our extensive industry relationships. Our connections give you direct access to the best service providers, helping you grow faster and smarter by leveraging our established network.
Contact Us Today
Reach out to Clearsky Network to learn more about how we can assist you in securing your Anjouan iGaming license and expanding your business globally.
