Belize

Belize is a Central American country located on the Yucatan Peninsula. It is one of the most popular gambling offshore zones in the world today. The jurisdiction is continuously improving the legislative regulation of the gaming industry and striving to provide operators with the most comfortable economic conditions.

The last update of the legal regulation of the gambling market took place in 2000. The new list of provisions, called the Gaming Control Act, is based on the most popular norms that have proven themselves to be effective in the international gambling arena. As a result, about 14 thousand gambling companies were registered in this offshore territory by 2014.

The 2WinPower team has prepared detailed information on how to legalise a casino in Belize. We will tell you about the types of licenses that can be received by applicants, requirements for operators, and the cost of the permit.

Belize License: Types of Gambling Permissions

The legalization of the gambling business and the subsequent control of the project is carried out by the Gaming Control Committee of Belize.

Three types of permissions are available for operators:

• Belize license for organizing ground-based clubs;
• legalization of slot machine halls (a permit is issued to all hardware devices with an electromagnetic mechanism);
• a document for launching an online start-up.

The jurisdiction is characterised by the following regulation features:

1. A single permit for Internet projects. A license of Belize covers all formats of virtual entertainment, from traditional fruit slots to sports betting, sweepstakes, and live broadcasts.
2. The speed of processing. If the operator has fulfilled all the requirements, getting a permit for opening an online casino in Belize can take only 24 hours after the submission.
3. The validity period of the certificate. It is important to remember that a license is issued for one year, and its validity expires on March 31, regardless of the date it was obtained.

How to Open a Casino in Belize: Requirements for Operators

To start an online project with a Belize license, an investor must comply with the following requirements:

• The company must be registered in the territory of the country and have international status.
• Availability of detailed information about all interested participants: investors, shareholders, partners, founders, and the board of directors. The fingerprints of project organizers must be attached.
• All company founders who do not reside in the offshore territory are required to apply for local citizenship.
• Along with information about the founders, a bank statement confirming the solvency must be submitted (the credit history and the debt report must cover the last three years before applying).
• Participants in the project must present a certificate of a criminal record. The document should focus on the last ten years before applying and must cover financial sectors, the degree of loyalty to law enforcement agencies, and non-involvement in drug trafficking.

Gambling Certificate of Belize: Rules for Entrepreneurs

Online casino owners must comply with the following rules:

Bank deposit

The authorized capital of an enterprise should be kept only in the Central Bank of jurisdiction. The size of the reserve deposit is determined depending on the type of license.

Financial liabilities

If the company has run out of funds, the operator is obliged to inform the controlling authority about this fact immediately.

The Belize license obliges the entrepreneur to pay cash prizes to users without unnecessary bureaucratic delays.

Interaction with the local population

Only the owners of ground-based establishments can work with local gamblers. Online casinos can propose their services to foreign players.

Licensing of the Gambling Business: Financial Issues

The cost of legalising an online casino in Belize

Service format

Price in dollars

Service format

Applying to the authorized committee

Price in dollars

18 thousand

Service format

Registration and commission fees (for the trade association)

Price in dollars

5 thousand

Service format

Guide services

Price in dollars

500

Service format

Certificate maintenance (annual fee)

Price in dollars

15 thousand

Service format

Annual payments for the trade association

Price in dollars

5 thousand

Service format

Duties

Price in dollars

Tax deductions are calculated depending on the annual revenue of the company:

• 0,07% of the turnover of an enterprise, which revenue does not exceed 15 million;
• 0,06% of turnover (up to 50 million in revenue);
• 0,05% of revenue (over 50 million per year)

Conclusion

Gambling license of Belize is an excellent solution for companies aiming to work in an international format. This offshore zone guarantees applicants a stable economic environment, loyal taxation, and the fastest legalization procedure (24 hours for online enterprises).

Contact the 2WinPower team, and we will solve all the legal issues, from collecting documents to opening a physical representative office in the selected town.

You can order a turnkey project from us. This service includes the creation of a gaming website, a mobile application, a Bitcoin or Telegram casino, as well as a platform for live broadcasts. The best solutions from leading suppliers and a large selection of exclusive developments are available for our customers.

You can test the quality of the proposed solutions after downloading a free demo version of our platform.

Start your own gambling business with 2WinPower right now:

• email: [email protected]
• Skype: twowinpower
• Telegram: @Win2Power
• feedback form.