Eternity Law International — News — Gaming licenses in Zambia

Gaming licenses in Zambia

Published:
September 26, 2023

Online-gambling has been actively developing for several years. This fact made Zambia`s governance think about adopting certain legislative acts to restrain this endeavor. The main purpose of such documents is to identify fraudulent organizations, to ensure the safety of data about players and their accounts, and to provide fair and honest rules on the accrual of winnings.

Since 2012, Zambia has adopted a law to regulate-gambling. According to it, companies operating in this field must obtain a gambling license in Zambia. Since this market is not yet very popular and not all organizations understand how to work in it, we will try to understand in more detail the reasons for obtaining a license in this region, the procedure for obtaining it, and the prerequisites for applicant companies.

Why you should apply for gaming permission in Zambia

There are many reasons for obtaining a gaming license in Zambia. First of all, this market is considered to be very promising. Unlike other regions, there is not so much competition here yet, and potentially Zambia can become the largest African center of gambling. Accordingly, many companies would like to issue licenses now, while the market can occupy a niche.

Also, the country’s authorities are quite loyal to companies that want to get a gambling or betting license in Zambia. This is a regular conception of remuneration for the state treasury, so the authorities are interested in the emergence of more and more competing companies on the market.

The term of issuing local permission is 5 years. This means that companies will be guaranteed to work during this period and do not need to submit documents for confirmation every year. After the expiration of this period, the company can decide to prolong the license or close it. This is also extremely convenient for licensees.

Types of gaming licenses in Zambia

There are several types of licenses in Zambia, depending on what games and services applicants are willing to furnish. Representatives of the Gambling-Board grant licenses for the following activities:

  • online-casinos;
  • sports-betting;
  • lotteries;
  • slots.

Licensees may issue multiple licenses in case they operate in more than one of the above-mentioned areas. Representatives of the regulator inform that licensees are obliged to comply with all the rules that are prescribed in the local legislation and meet all the requirements that are put forward to applicants for such permits.

In case of violation of any prerequisites, the Gambling-Board has the right to revoke the license and prohibit its issuance for such companies.

Prerequisites for the license

For applicants, the process of obtaining a gambling license in Zambia can take up to 5 months. Potential licensees must apply to the regulator for such a permit. Among the documents to be attached must include:

  • the organization’s business-plan;
  • a suggested allotment for the company;
  • details of the co-founders and executives of the legal entity.

In addition, the corporation is obliged to provide info on the sources of origin of the budgeted funds and documents that confirm the appropriate qualifications of the organization’s employees.

The procedure of document processing itself can accept 3-4 months. During this time, representatives of the Gambling-Council execute a thorough check of applicants and decide on them. If everything is in order, the organization will receive a five-year license and can start working. If discrepancies are found, the applicant company will receive a rejection from the regulator.

It is also possible that the regulator will request additional data, and after providing them, one of the above decisions can be made. However, this process greatly delays the licensing procedure and is disadvantageous for organizations.

Once the license is issued, the company needs to capitulate with the regulatory-prerequisites of the regulator so that the regulator does not revoke their permission. There are the lowest measures for such organizations, which are similar to the global conditions for issuing documents.

Representatives of the regulator have the right to examine operators to ensure that they comply with such measures. Contenders are also required to execute trustworthy gambling-guidelines to rescue users from gambling-addiction. Accordingly, they must post info about gambling`s problems and provide agencies and aids to help contain players’ demeanor and prevent them from becoming addicted.

Who can help with the licensing-process

The approach of obtaining a license in Zambia can take some time and it is very unfortunate if a company loses the opportunity to obtain such a permit due to mistakes in the documents or incorrect information submission. Therefore, we recommend you contact our experts.

All our staff are true professionals who regularly help clients process permits in Zambia and other countries. We understand their requirements well and will be able to help you solve all the problems before submitting the documents. We are ready to analyze your application package, point out weaknesses, and help you address them. With our help, you will proffer good apps that the Zambian regulator is highly likely to approve the first time. Therefore, while your competitors will be eliminating the deficiencies, you will be able to actively work in the market and earn money in this industry.

You could be interested

Caribbean Low-Tax Gem: Saint Lucia

The Caribbean is famous for its breathtaking landscapes, crystal-clear waters, and vibrant cultures. However, for entrepreneurs and businesses, it’s also a region known for its attractive low-tax jurisdictions. Among the many islands, Saint Lucia stands out as a growing business hub that offers numerous advantages for companies seeking favorable tax environments. In this article, we’ll...

Banking license in Labuan for sale

If you are looking for new business opportunities abroad, we recommend you considering not only countries but also their regions. For example, the Labuan region in Malaysia. Labuan is a federal territory with an independent tax and business law systems. It is situate between Malaysia, the Sultanate of Brunei and the Philippines, so you will...

Creation of cryptocurrency exchanges. Choice of jurisdiction

A process of creating of crypto-exchanges requires the right choice of jurisdiction. Business development will depend on the location of your cryptocurrency exchange. This article discusses the most popular jurisdictions with an excellent reputation. Estonia The main advantages of this country, as a jurisdiction for creating a crypto exchange, include the following: Short terms of...

Ready Fintech Company in Canada

For many years, Canada’s financial sector has been and remains one of the strongest among such global industries. Jurisdiction governments and financial niches have worked closely with each other to address the COVID-19 crisis. This helped ensure a coherent response to the ongoing impact of the pandemic. Below we will consider what makes a ready-made...

MSB license in Canada: its features and permits

Worldwide, it’s believed financial system in Canada is confident and secure. Such opinion was formed because Canada survived crisis quite easily and it had practically no effect on it. This country may be proud of its economical-space – it is stabilized and ranks ninth in the ranking of economies of all countries. That’s why Canada’s...

Online gambling license in Jersey

If you want to move your virtual casino and do not know which jurisdiction to apply for a license permit, then follow our recommendations. In our opinion, the Jersey gambling license is one of the most convenient and best in the world. Next, we will tell you about everything that can be useful to you...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360