Belarus allowed online casinos in 2018 - YB Case 2022

Belarus allowed online casinos

Belarus allowed online casinos

Belarus does not cease to amaze: in recent years, the state has been developing rapidly, creating new business opportunities (for example, recently you can open a company to work with ICO in Belarus).

Literally in early August 2018, the head of the Republic of Belarus signed a decree “On improving the legal regulation of gambling”. Thus, the government decided to legalize the gambling business, which for a long time was “outlawed”.

The above document governs:

  • licensing of activities (in order to engage in online casinos you need to register a Belarusian company and to obtain a gambling license in Belarus);
  • a taxation of online casinos in Belarus.

It also refers to special requirements and conditions, including:

  • a guarantee deposit on a special account (it will be used to pay out winnings and settle with the budget, in case there is no money from the business owner);
  • remote access to online casino tax services (to monitor the turnover of the establishment and verify the identity of visitors);
  • the age of visitors and participants of the casino must be 21 years old;
  • the presence of a video surveillance, which will fix participants in gambling and payment of money to them.

What are the goals of government agencies:

Such innovations are primarily associated with intentions of state bodies to reduce the outflow of money abroad.

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Prospects and opportunities:

The decree, regulating the operation of the virtual casino, is a progress for conservative Belarus, but total control by the tax authorities is alarming for businessmen.

How to open an online casino in Belarus?

To register a business abroad - contact our experts. We specialize in business registration in various countries and provide professional support services at all stages of this process.

You can contact us by phone, which is indicated on the website of our company.