quecasistisidi.netlify.com

A gaming license is necessary for any online gambling enterprise if its operator wants to run the business legally and offer their players the best games. It is also necessary for opening a merchant account for your venture. Read about opening merchant and processing accounts.

• Serbia Gambling Tax Credit
• Serbia Gambling Tax Rate

Serbia Gambling Tax Credit

Gambling winnings are not taxed in Serbia but operators are subject to paying taxes. Serbia’s tax laws make it an attractive destination for online gambling companies to set up shop here. Operators are taxed at a rate of 5% on their gross gaming yield. What Currency and Payment Methods do Serbian Players Generally Use? Low-tax and no-tax countries are thus somewhat similar in that you can feasibly pay no taxes in those places, but in low-tax countries, you may need to pay in certain situations. 15 COUNTRIES WITH NO TAXES. As of today, there are 15 countries with no income tax in the world. The following list includes all countries without any kind of income tax.

Gaminglicensing offers Curacao and Maltese licenses for online businesses, since these two are the most popular options to date. Both these licenses have their advantages. However, changes constantly occur in gaming legislation, so we compiled the information on legislation in different countries. Read about it in this section.

Curacao license

The Curacao license is a perfect balance between the cost and quality. It takes only 2 weeks to obtain it, it is economical, and you can operate any gambling business under one license. Note, if you want to open your own casino, you may not worry about the license at all: our White label platform solution lets you operate under our license.

Maltese license

Maltese license is expensive but very prestigious. There are 4 types of Maltese licenses, each necessary for conducting a particular type of gambling activities: Class 1 – for casino games, skill games and lotteries, Class 2 – for betting, Class 3 – for peer betting and betting exchanges and Class 4 – for software vendors.

There are also other options, which are described in detail in this section. Read about legislation in different countries and ask our experts if you have questions or would like to obtain a license.

Gambling revenues are measured in millions of dollars making gambling business attractive for investors, as investments pay back quickly and one can open more gambling houses with time. However, not every country allows gambling. Therefore, if you opt to launch a network of betting clubs or online casinos, you should primarily study the laws and receive a corresponding license from the country.

This article tells how to obtain a gambling license in Serbia and reveals peculiarities and advantages of gambling conduct in this country.

Legalization for the purpose of unshadowing

2012, Serbia received associate membership in the European Union. To meet the requirements of the EU, the country started bringing the gambling business out of the shadow economy. Serbia passed a corresponding law, but it continues to fight against illegal casinos actively. Raids and roundups against illegal organizations are frequent in the country.

To bring gambling out of the shadow economy, Serbia obliged all gambling houses to obtain licenses from the Ministry of finance and economy. At the same time, very favorable conditions for running gambling activities were created. All types of gambling starting from land-based casinos, slot machines to betting houses, and online gambling are allowed here.

A battle against offshore

Legalization of gambling allows ensuring tax returns and tracking payments made between organizations and players. It gives a possibility to block accounts of operators that stay beyond the law. The latter include online casinos registered in offshore jurisdictions or working without a permit.

Therefore, to run a gambling business in Serbia, you should own a Serbian license only. Otherwise, the website will be blocked, payments frozen, and the casino blacklisted.

How to obtain a gambling license in Serbia

Like in any other country where gambling is allowed, you have to fulfil definite requirements and conditions to get a permit for running a gambling business.

1. According to the Serbian legislation, the company that offers and organizes casino games must be registered on the territory of the country only.
2. If you opt to open an online casino, factor in that all servers must be located in Serbia. Also, the company must make sure that all data on transactions, winnings, and players is stored for 5 years.
3. The next step is to open an account in one of the Serbian banks. That is required in order to deposit €150 thousand as a bank guarantee and have a risk-based amount of €10 thousand on your account.
4. Afterwards the operator receives a 10-year’s renewable license from the Ministry of finance and economy.

One of the advantages of running a gambling business in Serbia is a very low gambling income tax – just 5%. However, it cannot be lower than €7.5 thousand. In addition, there is a monthly fee of €2.5 thousand for running gambling activities.

Serbia Gambling Tax Rate

Currently, the gambling industry has just started to develop in Serbia, but due to low tax rates, it actively attracts foreign investors. The country allows all types and forms of gambling and contrary to the Russian legislation does not have special requirements to gambling premises or location.

The previous article told how to obtain a gambling license in Russia, revealed the requirements and types of licenses.