The iGaming industry has long been told that Malta and Curacao are the go-to jurisdictions for online gaming licenses. Operators are led to believe these are the only credible options, but the truth is, many are overpaying for licenses that come with high costs, complex compliance, and diminishing benefits. Anjouan, an emerging jurisdiction that underwent regulatory streamlining in 2023, offers a cost-effective, flexible, and reliable alternative that’s reshaping the iGaming landscape, proving you don’t need a Tier-1 license to succeed.
The Overhyped Malta License
Malta, regulated by the Malta Gaming Authority (MGA), is a Tier-1 jurisdiction with a prestigious, Gold Standard reputation. However, its high costs, such as application fees, annual compliance contributions, and a 5% gaming tax on revenue, cut deeply into profits. The process requires extensive documentation, regular audits, and a physical presence in Malta, making it time-consuming and expensive. While Malta offers EU market access and strong player protections, its rigidity and costs are often prohibitive for many startups or operators targeting non-EU markets, leaving many under-covered for their investment.
Curacao’s Fall from Grace
Curacao was once a budget-friendly favorite, known for its low costs and simple licensing process since 1993. However, the 2023 regulatory overhaul under the National Ordinance for Games of Chance (LOK) and the Curacao Gaming Authority (CGA) changed everything. The master/sub-license system was replaced with direct B2C and B2B licenses, increasing application and renewal fees and introducing stricter AML/KYC and responsible gaming requirements. These changes have elevated Curacao to a mid-tier jurisdiction in price and complexity but reduced its affordability and flexibility, eroding its credibility and appeal for cost-conscious operators. Furthermore, the uncertainty of the new system has led many to leave and seek licensing elsewhere.
Anjouan: The Rising Star
Anjouan, part of the Comoros Islands, is not a Tier-1 jurisdiction like Malta but offers a compelling alternative. Its gaming license is affordable, with low application and renewal fees and no taxes or VAT on revenue. The license covers all iGaming activities, including casinos, sports betting, poker, lotteries, and more, under a single permit, providing flexibility for operators. Anjouan’s streamlined process, often completed in just a few days if you work with Fast Offshore, makes it ideal for startups and agile brands.
Benefits Beyond Tier-1 Status
While Anjouan lacks the same level of reputation as Malta, its benefits are substantial. Its crypto-friendly policies allow operators to integrate blockchain payments, appealing to modern players. The regulatory framework, though less stringent than Malta’s, adheres to international KYC and AML standards, ensuring credibility with banks, payment processors, and software providers. Anjouan’s low compliance costs and minimal audit requirements reduce operational burdens compared to Curacao’s new regime or Malta’s heavy bureaucratic burden. Operators also gain access to lucrative markets in Latin America, Africa, and Asia, with fewer restrictions than Curacao’s post-2023 framework.
Streamlined Licensing Process
Obtaining an Anjouan license is hassle-free. Operators submit a business plan, proof of domain ownership, and company details to the Anjouan Banking and Gaming Board A technical audit ensures RNG compliance and responsible gaming measures. The process, supported by Fast Offshore, takes as little as a few days if everything is in order, compared to Malta’s six-month to a year ordeal or Curacao’s now-complex six-week timeline. Fast Offshore’s expertise ensures smooth document preparation and compliance, minimizing any possible delays.
Financial Advantages
Anjouan’s cost structure is a game-changer as it is the lowest-cost option on the market. With no revenue taxes and low licensing fees, operators retain more profits than in Malta or Curacao. Initial setup and maintenance costs are minimal, allowing reinvestment in marketing or technology. Unlike Curacao’s increased fees or Malta’s ongoing taxes, Anjouan’s affordability supports scalability without financial strain. This makes it a practical choice for operators seeking maximum returns with minimal investment.
Compliance and Player Trust
Anjouan’s regulatory framework, while streamlined, enforces responsible gaming, AML, and KYC standards through regular audits and reporting. This ensures player protection and operator accountability, debunking myths of lax oversight. While Malta’s stringent rules build trust, Anjouan’s balance of compliance and flexibility fosters player confidence without excessive costs. Fast Offshore helps operators maintain these standards, ensuring long-term credibility.
Why Fast Offshore Is Your Partner
Fast Offshore, with over 27 years of iGaming expertise, simplifies the Anjouan licensing process. We can handle company formation, application filing, compliance setup, and banking solutions, ensuring approvals in record time. Our ongoing support covers renewals and regulatory updates, reducing risks for players and operators alike. Fast Offshore’s tailored services make Anjouan’s benefits accessible, positioning operators for success in a competitive market.
Conclusion: Anjouan’s Bright Future
The belief that Malta or Curacao is the only viable iGaming jurisdiction is a costly lie. Anjouan’s low costs, flexibility, and growing recognition make it a superior choice for operators seeking efficiency without sacrificing credibility. With Curacao’s reduced benefits and Malta’s high costs, Anjouan is redefining iGaming licensing. Partner with Fast Offshore to secure your Anjouan license and launch a thriving venture in 2025. So, what are you waiting for? Our team is ready to help you take the next step for your business.