Vanuatu Gaming License
Looking for a cost-effective way to launch your online casino? A Vanuatu Gaming License could be your answer. Updated in 2024 under the Vanuatu Interactive Gaming Act, the licensing framework offers a modern and efficient route into the global online gaming market. With a fully online application process, it's designed for today's operators.
The Vanuatu Gaming Authority (VGA) license is known for its simple application, good tax benefits, and solid rules. Whether you're already running a casino or just starting out, a Vanuatu gaming license gives you the legal base to operate in markets with less regulation. This is especially helpful for targeting players in Ghana.
Valid for 15 years, the license lets you offer lots of games, like online casinos, sports betting, live dealer games, and even new stuff like crash games. You can use both regular money (fiat) and cryptocurrencies, which makes it attractive to players worldwide. Get your online casino licensed and reach a global audience today!
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What is a Vanuatu Gaming License? An Online Casino Operator's Guide
The Vanuatu Gaming License is an official permit issued by the Vanuatu Department of Customs and Inland Revenue (VDCIR) under the Vanuatu Interactive Gaming Act of 2000. This license allows operators to legally conduct a variety of online gaming activities, including casino gaming, sports betting, poker, bingo, keno, and lottery games. It's a great option for businesses aiming to operate in markets without strict regulations, providing them with a solid and adaptable framework to get their gaming platforms up and running and to scale them.
The Vanuatu Gaming License primarily covers B2C operations, meaning it's for operators directly offering gaming services to players. A B2B license is also in the pipeline, which will open more doors for companies looking to offer services to other operators. A big plus with the Vanuatu license is its flexibility with both traditional currencies and cryptocurrencies, offering more financial freedom for both gaming operators and players.
To get a Vanuatu Gaming License, operators need to meet a few requirements. This includes submitting a detailed business plan, proving ownership of the domain name, and undergoing due diligence checks on the Ultimate Beneficial Owners (UBOs). Once approved, the license is valid for a generous period of 15 years, offering long-term business stability.
Why a Vanuatu Gaming License is a Smart Move for Ghanaian Operators
The Vanuatu Gaming License comes with several key advantages that make it an appealing choice for online casino operators looking to serve the Ghanaian market:
- Competitive Licensing Fees: Vanuatu offers some of the most budget-friendly fees in the industry, making it a top pick for startups and established operators in Ghana who want to keep costs down. The initial application fee is around GHS 17,500, with an annual fee of GHS 35,000.
- Favourable Tax Environment: Ghana's gambling operators can benefit from Vanuatu's tax setup. There are no corporate taxes, and a low wagering activity tax of just 1% on gross gaming revenue (GGR) makes it incredibly attractive.
- Streamlined Online Application Process: The entire application process can be handled online, so there's no need for operators to travel to Vanuatu. You can submit all your documents, like business plans and financial statements, online and expect a swift response.
- Global Market Access: While Vanuatu targets pre-regulated markets, its license provides credibility and legality for operators to expand their global reach. It also accommodates both fiat and cryptocurrencies, allowing operators to cater to a wide range of players.
- Regulatory Flexibility: The license covers multiple gaming verticals, including casino, sports betting, live dealer games, and more. Vanuatu also accepts certifications from established testing houses like GLI and BMM, ensuring that your gaming platform meets international standards.
Requirements to Obtain a Vanuatu Gaming License
To obtain a Vanuatu Gaming License, operators must meet specific requirements, ensuring compliance with international standards and local regulations. The general requirements for the 2025 Vanuatu Interactive Gaming License (VIGL) include:
- Due Diligence: Operators must submit detailed information on the Ultimate Beneficial Owner(s) (UBO), including proof of identity and address. Additionally, applicants must provide an explanation of the Source of Wealth (SOW) for UBOs, often verified through a statement by a qualified professional or bank records.
- Source of Funds: A clear explanation of the Source of Funds for the project is required, with supporting documents such as financial statements or company accounts.
- Business Plan: A comprehensive business plan outlining the company’s strategy, operations, and projected growth related to the gaming license must be submitted. A template for this plan is provided during the application process.
- Presence in Vanuatu: A local presence is mandatory, requiring operators to establish a Vanuatu-based company. Proof of this is required, including incorporation documents.
- AML/CFT Policies: Operators need to provide copies of relevant policies and procedures regarding Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT).
- Responsible Person: Each licensee must nominate a Responsible Person with relevant industry experience to act as the primary contact with the Vanuatu Gaming Authority (VGA).
These requirements ensure that only credible and financially secure operators are granted a license, providing a foundation for fair and responsible gaming operations.
The Application Process for a Vanuatu Gaming License
The application process for a Vanuatu Gaming License is designed to be straightforward and efficient, with all steps conducted online. Operators begin by submitting their application to the Vanuatu Gaming Authority (VGA), accompanied by the necessary documents, including proof of identity for Ultimate Beneficial Owners (UBOs), Source of Wealth (SOW), and business plans.
Once submitted, the application undergoes an initial review by the VGA. If any part of the application is incomplete or requires additional information, it will be returned to the applicant with a request for clarification or additional documents. This feedback ensures that the application meets all regulatory requirements before moving forward.
Once approved, the license is issued for 15 years. The entire process typically takes about one month, depending on the completeness of the application and how quickly additional information is provided. Importantly, applicants do not need to visit Vanuatu, as the process is fully digital.
This simplified process, combined with clear guidance from the Vanuatu authorities, makes acquiring a gaming license in this jurisdiction efficient and cost-effective.
Vanuatu vs Other Licensing Jurisdictions
Compared to other jurisdictions, the Vanuatu Gaming License offers several advantages for operators looking to enter the online gaming market. One of its main benefits is the affordability—Vanuatu’s application and annual fees are significantly lower than those of more established jurisdictions like Malta or Gibraltar. Additionally, Vanuatu’s favorable tax structure, which includes no corporate taxes and a 1% tax on gross gaming revenue (GGR), provides financial relief for operators.
Vanuatu also stands out for its simple and fast application process, with approvals often granted within a month. While other jurisdictions may have more rigorous compliance requirements and longer processing times, Vanuatu’s flexible approach accommodates both fiat and cryptocurrency transactions, making it ideal for startups and operators in pre-regulated markets.
While not as globally recognized as Malta or the UK, the Vanuatu license is gaining respect for its efficiency and operator-friendly regulations.
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FAQ
What is a Vanuatu Gaming License?
A Vanuatu Gaming License is an official permit issued by the Vanuatu Department of Customs and Inland Revenue (VDCIR), allowing operators to legally conduct various online gaming activities, including casino games, sports betting, and poker. This license is often considered by operators looking to serve markets where specific local regulations for international licenses are still developing.
Who can apply for a Vanuatu Gaming License?
Any business or individual, including those based in Ghana, looking to operate an online gaming platform can apply for a Vanuatu Gaming License. However, applicants must meet specific requirements, including thorough due diligence checks on the Ultimate Beneficial Owners (UBOs) and proof of robust financial stability.
How long does the application process take?
The application process for a Vanuatu Gaming License typically takes around one month. This timeline is largely dependent on the completeness of the application and the prompt submission of any additional requested documents.
What are the main requirements for obtaining a Vanuatu Gaming License?
Applicants must submit a detailed business plan, comprehensive due diligence documents for Ultimate Beneficial Owners (UBOs), proof of Source of Wealth (SOW), proof of Source of Funds (SOF), and robust Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) policies. Additionally, operators are required to establish a Vanuatu-based company.
How much does a Vanuatu Gaming License cost?
The initial application fee for a Vanuatu Gaming License is approximately €5,000, with an annual license fee of €10,000. Operators also incur a wagering activity tax of 1% on gross gaming revenue (GGR), but notably, no corporate tax is applied.
Do I need to visit Vanuatu to obtain the license?
No, the entire application process can be conveniently completed online. While applicants are not required to physically visit Vanuatu, they must establish a local company and maintain a presence on the island.
What gaming activities are covered under the Vanuatu Gaming License?
The Vanuatu Gaming License covers a comprehensive range of gaming activities, including online casinos, sports betting, live casinos, poker, bingo, keno, crash games, and novelty games. Both fiat and cryptocurrency transactions are fully permitted.
How long is the Vanuatu Gaming License valid?
The Vanuatu Gaming License is valid for an extended period of 15 years from the date of issuance. Operators are required to maintain strict compliance with Vanuatu's regulations throughout this period to retain the license.
What makes the Vanuatu Gaming License attractive compared to other jurisdictions?
The Vanuatu Gaming License stands out due to its low licensing fees, a highly favorable tax structure (with no corporate taxes), and a streamlined application process that can be completed entirely online. This combination makes it a particularly attractive option for both startups and established operators aiming to minimize operational costs.
Can I use the Vanuatu Gaming License to operate globally?
While the Vanuatu Gaming License generally allows for global operations, it is primarily targeted at markets where specific local regulations for international licenses are still developing. Operators, especially those from Ghana, should always seek expert legal counsel regarding the specific regions they plan to target, as certain markets may have their own restrictions or require additional local licensing.
