The Philippine online casino license is a specific document, the essence of which is to conduct an online gaming business in the Asia-Pacific region. As before, the South-East region remains quite profitable in the segment of the online gaming business. We can say with confidence that the Philippine Islands are the center of the gaming industry. That is why many licensed sites in this region have a good income and a large target audience.
The low percentage of taxation in the Philippines annually attracts entrepreneurs from all over the world. High standards of player protection, free access to create and organize your own online project, the ability to implement your own data center - all this makes the jurisdiction of the Philippine Islands one of the best in the world in terms of doing business online. Here entrepreneurs are not dependent on the government and third parties.
Organizational and legal forms:Each company has the opportunity to grow into a CEZA enterprise and become an independent market unit.
The law states that every enterprise in the field of virtual gambling entertainment in the Philippine Islands is completely exempt from taxes for a period equal to 4 years. Companies new to the online gaming business have 6 years of tax exemption. In addition, a special percentage tax rate on the gross income of the company has been implemented. It is 5% of the total profit of the company. The authorities meet the needs of foreign contractors and provide a very flexible loyalty system for all persons entering into an agreement to establish an enterprise in the Philippines.
As for the additional gaming interest rate, the interactive license provides for an annual payment of $48,000 in the first year of the online service, as well as $60,000 in all subsequent years. This tax is paid in full, in one payment.
In addition, it is not necessary to have an authorized capital in the Philippine Islands if the service plans to operate in the field of virtual gambling.
Basic safety requirements
There are several options for licenses in the virtual gaming field, which have different costs. In addition, there are a number of points that also require financial investments.
The full license covers all types of virtual gaming activities: bookmakers, online casinos, poker rooms and other online services.
Important! The cost of applying for a new license is $40,000. The license renewal price is also $40,000
In case of refusal (the license is not granted for any reason), only $ 25,000 is returned. So $15,000 goes to the treasury of the Philippine Islands anyway. The gaming fee (money generated from online casino bet processing) is only 2% of the monthly gross income. Additionally, you need to pay $48,000 immediately after obtaining a license in your hands (only for betting companies or online casinos that have a bookmaker in their system).
$15,000 can be credited towards the game fee when you renew your registration at the beginning of each year. The game fee will still be 2% of the monthly profit of the project.
The full license includes a limited interactive license and will also need to be renewed. You will have to pay an additional $ 60,000, and this will need to be done before the extension will be carried out.
The cost of obtaining this document is $26,000. In case of official refusal, the state returns only $18,000. Also $3,500 is withheld as fair value.
To renew this license at the end of it, you will need to pay $15,000. In addition, the restrictive interactive license (as in the full version) requires an annual fee of $60,000. The only thing is that you can do this after updating the license.
Other important and useful information
Placing an online gaming service is possible on clustered servers. Thus, it is possible to create a data center on a First Cagayan server, which has high performance and fast data processing up to DS3 compatibility.
Government Department or Regulator Contact Details:
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