Ron Mendelson is the Director of Costa-Rica based International Business & Corporate Services consultancy firm, Fast Offshore. With over 24 years of real-world experience in iGaming Licensing and Payments, Regulatory Compliance, Tax-Efficient Corporate Structuring, Incubator and other Hedge Fund Licenses, Blockchain and Cryptocurrency related services, he advises a number of international clients on their business needs in the Americas, Europe, and beyond.
In this article, iGaming industry consultant Ron Mendelson, Fast Offshore, shares a detailed guide on how to apply for the Nevis online gaming license.
So, you’re thinking about diving into the world of online gaming, and you are looking for the perfect license? Look no further than Nevis, a small Caribbean island that’s making big waves in the iGaming scene. The Nevis Online Gaming License is a great option for operators—affordable, respected, and with a streamlined and efficient application process. Plus, Nevis is crypto-friendly and has low tax, which is good news for all entrepreneurs. In this guide, we’ll walk you through the whole process, step by step, with a few pro tips from Fast Offshore.
First things first, the Nevis Online Gaming Authority, or NOGA, has been established to issue and regulate gaming licenses in Nevis, ensuring everything is above board. The authorities are committed to ensuring that operators play fair, protect players, and adhere to strict anti-money laundering (AML) rules. Furthermore, NOGA’s process is straightforward, and they’re known for being business-friendly, which is why everyone from startups to big players loves Nevis.
Nevis isn’t just a nice place, it’s a great place to launch your business. For starters, there’s no corporate income tax, capital gains tax, or VAT, so you keep more of your profits. If you’re into crypto, Nevis is an excellent option as it supports seamless cryptocurrency transactions. The licensing process is fast—often completed within just a few months—and the license carries significant weight globally, opening doors to international markets. Additionally Nevis provides political stability and robust confidentiality laws, ensuring your business remains secure and private. It’s the perfect home base for your iGaming empire.
Before you can apply for a license, you need to set up a Nevis company. You’ll also need a local partner, such as Fast Offshore, a company name, and details about your directors and shareholders. The paperwork includes articles of incorporation and a memorandum of association. It’s pretty straightforward, but having experts like Fast Offshore handle it ensures you don’t miss a beat.
NOGA wants to be confident that all licensees are legitimate, so you’ll need a solid business plan that spells out your gaming operations, financial projections, and marketing strategy. You’ll also need personal details for everyone involved, such as passports, proof of address, and professional references. Don’t forget your AML and Know Your Customer (KYC) policies; these are non-negotiable for compliance. Fast Offshore’s team can organize everything, ensuring your documents are accurate and in order, thereby avoiding any potential delays.
With your corporation set up and paperwork in order, it’s time to send your application to NOGA. This includes a formal request for the gaming license, all your documents, and the application fee. NOGA will review everything to ensure it meets their standards. Making a mistake here can lead to delays, so it’s worth having Fast Offshore double-check your submission. Our experience means we know precisely what NOGA’s looking for, saving you time and stress.
NOGA will review the key personnel, including directors, shareholders, and individuals with significant roles, to ensure they’re “fit and proper.” This means checking their financial history, reputation, and overall trustworthiness. They’ll also scrutinize your AML/KYC policies and financial records to ensure you’re compliant with international standards. It’s a thorough process, but Fast Offshore can guide you through, helping you prepare for any questions or additional info NOGA might request.
NOGA requires proof that your systems are secure, fair, and player-friendly. This involves showcasing your software’s random number generators (RNGs), data protection measures, and responsible gaming features. You’ll also need to demonstrate operational readiness. Fast Offshore can connect you with trusted tech partners to ensure your platform meets all the necessary requirements, making this step seamless.
Once NOGA approves your application, they’ll issue your license, and you’re officially ready to launch your iGaming business in Nevis. Fast Offshore will keep you updated and ensure everything’s finalized smoothly, so you can focus on getting everything else up and running.
Getting the license is just the beginning. To retain it, you must remain compliant with NOGA’s rules, including regular audits, updated AML/KYC policies, and responsible gaming practices. You’ll also need to renew your license annually, which involves submitting updated documents and paying the associated fees. Fast Offshore offers ongoing support to handle these requirements, so you don’t have to worry and can focus on growing your business.
The cost of a Nevis gaming license is one of its biggest draws as it’s accessible and includes an application fee, annual license fees, and costs for setting up your corporation. Fast Offshore provides transparent pricing and can give you a clear breakdown, so there are no surprises.
Want to make this process even easier? Work with Fast Offshore. We’ve been in the game for over 27 years and know the sector inside out, as well as liaising directly with the authorities.
Securing a Nevis Online Gaming License is your gateway to a thriving iGaming business. With its tax benefits, crypto support, and quick process, Nevis is hard to beat. By partnering with Fast Offshore, you’ll have a trusted ally to guide you through every step, from incorporation to compliance. So, what are you waiting for? Get that license, launch your platform, and start building your iGaming empire in Nevis! Contact Fast Offshore today.