Antigua and Barbuda is a collection of 2 small islands and 35 tiny islands in the Caribbean. These islands were discovered by Christopher Columbus in 1493, although the territory was not colonised by English settlers until 1632. Antigua and Barbuda grow fruits, cotton, vegetables, however, this is not everything. The gambling industry there is developing every single day, making it particularly attractive for investors. Actually, this is one of the first countries where gambling is not only allowed but certificates for casinos are also issued to non-residents. Likewise, the Financial Services Regulatory Commission’s Division of Gambling is handling all license applications. However, the question we would like to address in this article is how and why to get a gambling license from the jurisdiction of Antigua and Barbuda.
How to Get a Gambling License in Antigua and Barbuda
Obtaining a license from a reputable regulator is a complex and time-consuming process. However, this is one of the most important things in order for an online casino to be successful. The procedure for obtaining an online gambling license varies from one country to another. Currently, more and more countries offer an online gambling license. The reason why the number of these is constantly increasing as more and more countries realize how economically advantageous is to open your doors to foreign investors. However, there are some authorities that have proven to perform better than others. For example, the licensing Commission of Antigua and Barbuda is one of the most respected in the industry. In order to receive a license from the Division of Gaming, some strict guidelines must be followed. Firstly, you will need to incorporate your company in Antigua and Barbuda. Following this, the licensing process will begin. What is more, the authority will do everything possible in order to assist each applicant. It will work closely with the authorities of Antigua and Barbuda in order for you to comply with Due Diligence and KYC policies. Additionally, complete identification of the Ultimate Beneficial Owner with a detailed and transparent description of the games which will be offered is required. The last step before securing your license is to make use of equipment for the transit server. This will transmit all the data of the gambling project to the jurisdiction for the control conduction. Sounds pretty straightforward, doesn’t it? In fact, the licensing Commission of Antigua and Barbuda is one of the most liberal and open-minded authorities out there. All the Commission wants is to ensure a safe and secure gambling environment and not to overwhelm you with unnecessary information.
Why Apply for a License from the Financial Services Regulatory Commission
There are several reasons why each respected online casino operator should apply for a license from the Financial Services Regulatory Commission of Antigua and Barbuda. The first point to bear in mind is that the regulator strives to achieve resounding success. As a result, even though the local permit automatically gives access to players from the UK, the country meticulously checks applicants in order not to ruin its reputation. Regardless of the strictness of the regulator, there are many convincing reasons to obtain a license from Antigua and Barbuda. In 1994, Antigua and Barbuda became the world’s first online gaming jurisdiction to provide licenses for interactive gaming and wagering companies. This, as well as the allure of low taxes, served to draw many businesses to their shores successfully. In addition to becoming one f the first offshore jurisdictions containing the largest number of online casinos registered, Antigua and Barbuda is home to six exciting casinos such as the Grand Princess Casino. Another reason why online casinos should hold this license is that companies do not need to have authorized capital, making the whole process way easier. Besides, servers may be based outside the jurisdiction in case the main server is located in Antigua and Barbuda, which makes the regulator even more appealing. Furthermore, the jurisdiction has proven to deliver excellence with a proactive approach. This success has been because of different combination, which we discussed above. Further considerations include the progressive legislative system, political stability, first-rate telecommunication facilities and the well-established financial services industry of Antigua and Barbuda.
Antigua and Barbuda has long been recognized as one of the preferred locations for online casinos to base their operations. This is due to the fact that the country maintains an attractive environment for international gaming companies. It is undoubtedly the case that the Licensing Commission of the country is internationally-recognized and hence, such a license will make every online casino operator more attractive. Unfortunately, so far, we do not collaborate with such operators. Nevertheless, rest assured that in due course we will include such brands in our overall listing of the best online casinos, currently in the industry. As an alternative, we recommend you to visit the casinos we are in partnership with and give them a go. Trust us, you will not regret it. Our last piece of advice for you is to play responsibly. We wish you a bit of good luck and amazing winnings.
Finally, you can still take advantage of our overall listing of the best online casinos, currently, on the market, so do not miss this exciting opportunity.