Incorporating an iGaming company

The iGaming industry has seen a huge boom over the past few years. With more people spending time online, the demand for online gaming has also increased. If you are thinking of starting a business in the iGaming industry, then it is important to understand the process of incorporating your company. Incorporating a company is the process of forming a legal entity that is separate from its owners. This article will provide an overview of the steps involved in opening a company for iGaming.

Step 1: Choose a jurisdiction

The first step in incorporating a company for iGaming is to choose a jurisdiction, the geographical area where a company is incorporated. There are many factors to consider when choosing a jurisdiction, including the tax laws, regulatory environment, and the cost of doing business. Some popular jurisdictions for iGaming companies include Malta, the Isle of Man, Kahnawake, and Curacao.

The Isle of Man is one of the most popular jurisdictions for iGaming companies due to its favorable tax regime, skilled workforce, and strong regulatory framework.

Kahnawake is a popular jurisdiction for iGaming companies due to its low tax rates and simple regulatory process. It also enjoys one of the best reputations in the industry, offering confidence to players and operators alike.

Step 2: Choose a company name

Once you have chosen a jurisdiction, the next step is to choose a company name. The company name is important because it is the first thing that customers will see when they come across your website. The name you choose should be memorable, easy to pronounce, and relevant to your business.

Before choosing a company name, it is important to check whether the name is available. You can do this by conducting a search on the company registrar’s website for the jurisdiction where you plan to incorporate your company.

Step 3: Hire a corporate partner

Your corporate partner is a person or a company, such as Fast Offshore, that is authorized to act as a representative for your company in the jurisdiction where your company is incorporated. The registered agent is responsible for receiving legal documents on behalf of your company and taking care of all corporate matters including incorporating and licensing.

The registered agent should be highly experienced in the same jurisdiction as your company, as well as in the iGaming sector. It is important to choose a reputable registered agent because they will be responsible for handling important legal documents on behalf of your company. Fast Offshore has over 26 years of experience in this line of work and is ready to assist you with all your corporate needs.

Step 4: Prepare the articles of incorporation

The articles of incorporation are the legal documents that define the purpose and structure of your company. The articles of incorporation typically include information such as the company name, the purpose of the company, the number of shares authorized, and the name and address of the registered agent.

It is important to prepare the articles of incorporation carefully because they are the foundation of your company. If there are errors or omissions in the articles of incorporation, it can lead to legal problems down the road.

Step 5: File the articles of incorporation

Once you have prepared the articles of incorporation, the next step is to file them with the relevant authority in the jurisdiction where you plan to incorporate your company. The process of filing the articles of incorporation varies depending on the jurisdiction, but it typically involves paying a filing fee and submitting the articles of incorporation to the company registrar.

Once the articles of incorporation have been filed, your company will be legally recognized as a separate entity from its owners.

Step 6: Obtain the necessary licenses

In addition to incorporating your company, you will also need to obtain the necessary licenses and permits to operate your iGaming business. The licenses required vary depending on the jurisdiction and the type of gaming activities you plan to offer.

 

It is important to research the licensing requirements for your chosen jurisdiction and ensure that you obtain all the necessary permits and licenses before you start operating your iGaming business.

Incorporating a company for iGaming is a complex process that requires careful consideration and planning. With the right strategy and guidance, however, incorporating a company for iGaming can be a rewarding and lucrative business opportunity. 

When partnering with Fast Offshore for all corporate, licensing, compliance and ongoing maintenance matters, you can rest assured you are working with professionals who have your best interests at heart. 

Contact Fast Offshore here.