For obtaining a licence, the applicant submits an application to the Ministry of Economy, which states the name of the applicant, location of the organiser’s servers in case of organising internet winning games, state registration number of the applicant; the type of activity subject to licensing (gambling or internet gambling or casino organisation) that the applicant intends to carry out; and the list of documents attached to the application.
Te licence for internet gambling is issued within 23 working days after the submission of the application to the Ministry of Finance, which may be extended by 23, if the documents attached to the application contain information that needs further study.
If a decision on satisfying an application for a licence has been adopted, the licence shall be issued to the applicant not later than within a period of one month after the first annual payment of the state duty specified by law is made. Te annual payment of the state duty is 600 million dram
INTERNET TOTALISATOR Te requirements for organising an internet totalisator are defined by RA Law on Lottery and the Decision of the
Government RA N 987-N of 1 July 2004. According to the RA Law on Lottery only commercial organisations registered in the Republic of Armenia, having founders who are citizens of the Republic of Armenia and/or legal entities registered in the Republic of Armenia, can carry out activities on the organisation of lotteries in the Republic of Armenia, based on the corresponding licence.
Internet betting is considered organised in the territory of Armenia, if the servers of the internet totalisator organiser are located in the territory of the Republic of Armenia. Te requirements for obtaining the licence for sports betting are mostly the same as for the licence for internet gambling. Te annual payment of the state duty is also 600 million dram. In addition, you must show a deposit amount of 1.2 billion dram on your bank account.
Te licensing process for both remote gambling operators and land-based operators is the same. Tere is no limitation on the number of available licences. Gambling activities are exempt from nearly all taxes due to the high level of the annual payment of the state duty. Te only tax payable under Armenian legislation is profit tax, which is calculated at a rate of 18 per cent on the tax base.
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