Vanuatu, known for its picturesque landscapes and established offshore financial services, has emerged as a formidable player in the online gambling industry. In July 2024, the nation unveiled a robust iGaming licensing framework aimed at capturing the attention of global operators, particularly those in emerging markets.
A Strategic Licensing Framework
Vanuatu’s new licensing structure offers an attractive package for online gaming operators. With a cost-effective setup, including a 1% tax on Gross Gaming Revenue, licenses are valid for 15 years and cover up to two domains. This setup is particularly appealing to operators seeking an effective entry into the market. The framework is designed to meet international compliance standards, ensuring both the protection of players and the stability of operators.
To obtain a license, operators must establish a local company, secure a Tax Identification Number, and register with both the Financial Intelligence Unit and the Vanuatu Investment Promotion Authority. Additionally, the requirement for a local director and office ensures a strong local presence and ongoing communication with the Vanuatu Gaming Authority (VGA).
Comparative Advantages and Endorsements
Compared to other gaming jurisdictions like Anjouan, East Timor, the Philippines, and Costa Rica, Vanuatu stands out for its political stability, credibility, and adherence to international standards. These factors make it an attractive option for operators looking to avoid the challenges often associated with other regions, such as unclear regulations and limited oversight.
The endorsement of Vanuatu’s gaming legislation by major payment processors, banks, and technology providers further enhances its appeal. These stakeholders have reviewed the VGA’s framework and found it to be reliable and robust, paving the way for smooth onboarding under the new license.
Vanuatu’s Growing Appeal
Vanuatu’s unique combination of stable regulation and ease of doing business positions it as an ideal choice for both startups and established operators. The jurisdiction balances stringent regulatory oversight with business-friendly policies, allowing operators to maintain compliance while enjoying operational flexibility. As the global online gaming industry continues to evolve, Vanuatu is poised to become the preferred destination for companies seeking a supportive regulatory environment and opportunities for global expansion.
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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
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Reach out to Clearsky Network to learn more about how we can assist you in securing your Vanuatu iGaming license and expanding your business globally.
