There are two categories of eGambling license:
License authorizes the organization and preparation of gambling operations, namely the registration and verification of players, the contractual relationship with them, and the management of player funds.
License authorizes the effecting of the gambling transaction including operational management of a gambling platform located within an approved hosting center.
Depending on their proposed operations, an organisation may apply for one or both types of license.
Timeframe
1 day
Booking the name of the company – 1 day
2-3 weeeks
eGambling license approval: upon receipt of application fee, approved application form and KYC documents (scans ok to initiate) – 2-3 weeks
2 days
When the funds are received and confirmed, the CRA of SADR may take 2 days to register and notarise the license.
FAQ about eGambling license
| $ 11,500 for the license (cat.1) per year | Yes |
| Are there other costs to be expected? | No |
| It takes 3 weeks to create the company and obtain the online gambling license? | No |
| There is no restricted / prohibited and forbidden market | Correct |
| Do we need to provide proof of accounting? | Not applicable |
| What are the tax rules in Western Sahara? Are there any taxes? | No taxes |
| Should we need a company secretary? | No |
| Is there a legal minimum share capital? | The minimum capital
is USD 100,000.00 |
| Should the company open a bank account in a western saharian bank? | You need to open a bank account outside of Western Sahara. |
Application form and documents
Signed application form;
Personal info including name, address, phone number and email of all directors/shareholders;
Bank referense;
Business reference;
ID of all directors/shareholders;
It is required for the business owner, the Board member, the real beneficiary or the proprietor to submit a statement from the penalty register in one’s country of origin or an equivalent document issued by a judicial or administrative authority confirming the absence of penalties for crimes committed against government authorities, money laundering crimes or another deliberate crimes no earlier than three months ago and certified by a notary or in another similar way and legalised or approved by the certificate replacing legalisation (Apostille), unless otherwise provided by an international treaty.
In order to start an application process please download an application form, fill it in the correct way and send it back to info@advisorycorpws.com
We assist our clients in every step of the license obtaining process.
Application form