u


Data on the financial and other interests of the ultimate beneficiaries, directors, and owners of a significant portion of the company shares.


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Te cost of a Class A or B licence is - €30,000 for one year or €45,000 for two years. If the application is rejected 75 per cent of the amount paid is refunded.


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A gambling licence may be denied if the applicant has been convicted of an offense related to gambling activities, financial fraud, money laundering etc. Or if the applicant is a natural person under 25 years of age.


None of the licences obtained can be transferred to another person in any form. Applications for licence renewal must be submitted three months before the expiration of your current licence. Te NBA has the right to amend, revoke, or impose new conditions of any type of licence to improve compliance with the relevant regulations. Te authority must notify the licensee in writing and justify the change. Despite the possibility of changes, there is no need to worry about regulatory instability as the regulatory framework in Cyprus is fair for both businesses and consumers.


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