How to Apply?
Step 1: Understand Eligibility Requirements
- Company registration in Montenegro
- Prepare a business plan
- AML compliance
Step 3: Appoint Key Function Holders
- Money Laundering Reporting Officer (MLRO)
- Compliance Officer
- Other key roles as required
Step 5: Submit Application
- Submit application via official website
- Include all required documents and application fee
Step 7: System Audit
- Audit of gaming systems
Step 9: Post-Licensing Requirements
- Submit regular financial and operational reports
- Ensure system security and compliance
- Renew the license as required
Step 2: Register Company
- Establish a legal entity in Montenegro
- Obtain tax identification numbers
- Register with local authorities
Step 4: Prepare Necessary Documents
- Business registration certificate
- Operational plan
- Financial resources
- Shareholder info
- IT system policies
Step 6: Compliance Review
- Background checks
- IT security & fairness
- Financial stability
Step 8: Obtain Approval
- Issuance of the iGaming license
Step 10: Launch Operations
- Launch the platform
- Ongoing compliance
Step 1 : Understand Eligibility Requirements
- Registration of your company in Montenegro.
- Preparation of a business plan that shows financial stability and operational integrity.
- Compliance with anti-money laundering (AML) regulations and responsible gambling guidelines.
Step 2 : Register Your Company in Montenegro
To establish a legal entity in Montenegro, as only locally registered companies are allowed to apply. The steps include choosing a business structure, getting the necessary tax identification numbers and registering with the local authorities.
Step 3 : Appoint Key Function Holders
Appoint individuals for key functions within your organization, such as the Money Laundering Reporting Officer (MLRO), Compliance Officer, and other key positions as required by the MGA. These roles are crucial for ensuring ongoing compliance with regulatory obligations.
Step 4 : Prepare the Necessary Documents
- Business registration certificate.
- Detailed business and operational plan.
- Proof of sufficient financial resources.
- Information on shareholders, directors and ultimate beneficiaries.
- IT system policies for security and fair play.
Step 5 : Submit Your Application
Step 6 : Compliance Review and Assessment
- Background checks of key stakeholders.
- Evaluation of IT systems for security and fairness.
- Verifying the company’s financial stability and operational readiness.
Step 7 : System Audit
Once your application passes the initial due diligence, you will be required to undergo a system audit. The audit ensures that your gaming systems, including random number generators (RNGs) and other technical components, comply with the MGA’s standards for security and fairness.
Step 8 : Obtaining Approval and Licensing
Once you have successfully passed all the reviews, we will issue you with an iGaming license. It allows you to operate the specific gaming activities under the regulations defined by the MGA.
Step 9 : Post-Licensing Requirements
- Submitting regular financial and operational reports.
- Making sure IT systems remain secure and operate fairly.
- Renewing your license as required by the authorities and complying with any additional requirements.
Step 10 : Launch Your Operations
Begin your journey towards becoming a licensed iGaming operator today! Welcome to begin the process and contact us for professional support.