Tobique Gaming License

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With the Tobique Gaming License, operators cover all gaming verticals, providing a seamless and comprehensive solution for your iGaming operations.

  • The licensing process is expedited and takes 4-8 weeks.
  • The Tobique License offers more affordable prices than other regulatory agencies.
  • The Tobique license enables operators to conduct business across various global regions and broaden their market reach.
  • 5 URLs are included within the License Fee, however, additional URLs can be added at further cost.

The Tobique Gaming license is ideal for launching an online casino business. Thanks to the regulator’s rigorous standards and emphasis on responsible gaming, it instills a sense of security in the players. With the Tobique Gaming License, operators cover all gaming verticals, providing a seamless and comprehensive solution for your iGaming operations.

GamingLicensing is laser-focused on helping its clients and interested parties experience a smooth and efficient licensing process and obtain this up-and-coming iGaming certification. Our expert team is available to guide you through every phase, including company registration, document preparation, hosting services, bank account setup, and the integration of premium gaming software and payment solutions.

It’s worth mentioning that the Tobique Gaming Commission issues B2C (remote gaming license), B2B (casino or sports wagering license), and B2B (approved vendor status for services) types of permits.

Obtaining the Tobique Gaming license through Gaming Licensing’s expert services is a straightforward process that typically takes about 4-8 weeks.. Our team will assist you every step of the way, from company registration and document preparation to hosting services, opening bank accounts, and integrating top-quality gaming software and payment processors.

Operators and businesses that obtain the Tobique Gaming License can benefit from its international adaptability, authority recognition, low license fees, a wide range of associated services, streamlined application process, and no corporate and income taxes.

Tobique Gaming License

Advantages of Tobique Gaming License

Although it is a new kid on the iGaming industry block, the gambling license from the Tobique Gaming Commission is in high demand and comes with a set of advantages, including:

  • Fast processing time — Tobique Gaming License is distinguished by its swift processing time, typically between 4 and 8 weeks.
  • Industry recognition and regulatory stability — Tobique licenses are also recognized in the gaming industry, just like the Curacao one. Additionally, Tobique Gaming Authority’s (TGA) regulations are known for their strict yet fair nature, designed to promote transparency, fairness, and player protection.
  • Affordable price — The Tobique License offers more affordable prices than other regulatory agencies. This is why this permit is a viable option for startups and established operators looking to expand.
  • Favorable taxation policies — Tobique’s tax policies encourage business growth and development. Corporate income tax is not charged on profits from gaming operations, which is one of the most appealing aspects of this license. Additionally, gaming-related activities in Tobique are not subject to sales tax or duties.
  • Commitment to responsible gaming — The Tobique Gaming Authority prioritizes responsible gaming practices. Therefore, operators must implement programs that include self-exclusion, limits on play, and resources to help players address gambling addiction.
  • Streamlined application process — The Tobique Gaming License application process is thorough, transparent, and well-organized. In addition to initial consultations, operators can expect to submit detailed operational plans, financial disclosures, and comprehensive background checks.
  • Post-licensing support — The Tobique Gaming Authority helps licensed operators comply with regulatory standards after obtaining their licenses. These measures include regular audits, financial reporting criteria, and continuous monitoring to prevent unethical behavior.

Tobique Gaming License Requirements

Before applying, the company/gaming operators must meet several essential requirements. The following is what operators must do to prepare for a successful application:

  • Proof of impeccable reputation — An applicant must have a clean criminal record. This pertains to the company’s director and all shareholders.
  • Documentation — Applicants must provide comprehensive documentation to prove their integrity and credibility. A KYC procedure is a mandatory facet and is crucial in speeding up the licensing procedure and mitigating potential delays.
  • Website and policy compliance — Having a functional, compliant website is mandatory. Furthermore, applicants are expected to implement robust internal policies regarding anti-money laundering, responsible gaming, privacy, and anti-fraud protection.
  • Bank account — Operators must have a bank account that suits their business type for the Tobique Gaming License.
  • Financial and operational integrity — The ability to demonstrate financial stability is essential, and bank statements can serve as evidence. Moreover, applicants must provide necessary personal and corporate documents to prove their experience and qualifications in the online gambling sector, such as certification from recognized software vendors.
  • Ongoing monitoring and compliance — To achieve financial integrity, fair gaming, and responsible gambling practices, the TGC mandates compliance with its regulations continuously. Having a license requires operators to submit reports and undergo regular audits.
  • Business formation and taxation — As a prospective licensee, you should be prepared for various costs, which can vary depending on the type of license and the size of your business. The total license cost for the Tobique permit is €43,000, which is much lower than the cost associated with Curacao, Malta, and Gibraltar licenses.
  • Implementing responsible gambling policies — It is paramount for every candidate to create and implement guidelines and procedures for responsible gambling, such as self-exclusion, cooling-off, allowing players to set deposit limits, betting limits, and session limits, as well as links to organizations that assist players with gambling addictions.

Tobique Gaming License Cost

The Tobique Gaming License cost includes €18,000 first-year license fee. There is an additional €18,000 professional fee for assistance with the application and during the first year.

Applicants are also charged €7,000 for annual fees for ongoing regulatory, compliance, and supervisory services (charged only once the license is issued and includes up to five domains). Additionally, they will have assistance with license applications.

How to Apply for a Tobique Gaming License/Application Process

The application for the Tobique Gaming License is conducted through an online portal, and the applicants must submit the required documents. The regulator usually reviews the application in two to three weeks before it grants preliminary approval, and the entire process lasts up to eight weeks.

The registration process is a breeze and comprises the following steps:

  • 1. Register a company — Create a legal entity for your gambling business to comply with Tobique business registration regulations. It must be registered outside of Tobique.
  • 2. Pay a fee — Deposit the €2,500 fee for the pre-registration.
  • 3. Prepare documents — Gather and submit license application documentation, which includes financial statements, business plans, personal documents, a list of games and services to be offered, personal documents, and gambling site technical characteristics.
  • 4. Find a payment agent — Invest in a company that will act as the payment agent (to reduce costs).
  • 5. Submit the documents — Submit the documentation to the Tobique Gaming Commission and pay the licensing and application fees.
  • 6. Wait for background checks — The TGC conducts background checks to ensure your application complies with local laws. The regulator may request additional documents for this purpose.
  • 7. License approval and issuance — Once your application has been approved and all requirements met, the regulator will issue a gambling license.

A relatively simple licensing process, rapid processing time (up to eight weeks), and a comprehensive list of authorized countries are some of the advantages of this jurisdiction. Once obtained, the permit is valid for one year.

Feel free to contact us at sales@softgamings.com if you want to learn more about anything related to obtaining or maintaining a Tobique Gaming License.

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