18/09/25
Cyprus has become an increasingly attractive jurisdiction for gaming operators, offering clear regulatory pathways and a favourable business environment. Understanding the licensing framework is essential for compliance, investor confidence, and market access.
💼 Key Facts & Regulatory Framework
Cyprus issues two main classes of gambling licenses: Class A for land-based sports betting (excluding horse racing) and Class B for online betting operations. Licensing is governed by the National Betting Authority (NBA) and the Cyprus Gaming and Casino Supervision Commission under the Law on Bets 2012. Applicants must demonstrate company presence in Cyprus, a clean criminal record, a bank guarantee of at least €550,000, and compliance with AML and NBA requirements. Government fees range from €30,000 for one year to €45,000 for two years, and taxation on net betting revenue is set at 13%.
⚖️ Analysis & Comparisons
Compared with other EU jurisdictions, Cyprus offers a relatively streamlined licensing process, typically completed in 2-3 months, with fewer bureaucratic hurdles. While the 13% gambling tax is higher than some competitors, corporate income tax stands at a competitive 12.5%, and the jurisdiction has extensive double taxation treaties, enhancing cross-border investment opportunities. The regulatory system aligns with EU directives, ensuring both investor and player protection without excessive restrictions.
📊 Practical Implications
Operators such as Soft2Bet and GG Bet have leveraged Cyprus as their operational hub, benefiting from EU-compliant regulations, ease of market entry, and flexible corporate structures. Companies outside Cyprus can establish partnerships or subsidiaries to meet licensing requirements, enabling access to the European and international betting markets efficiently.
✅ Conclusion
Cyprus provides a strong, EU-aligned environment for both land-based and online betting operators. Its regulatory clarity, strategic location, and investor-friendly tax policies make it an ideal choice for establishing or expanding a gambling business. For expert guidance on navigating the licensing process, preparing applications, and ensuring ongoing compliance, contact NUR Legal today. Visit us at NUR-Legal.com or contact us directly at info@nur-legal.com
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Emil Korpinen