Anjouan gaming licenses: A comprehensive overview

This comprehensive overview, curated by Fast Offshore, explores everything operators need to know about acquiring an Anjouan gaming license, from the advantages and legal requirements to the application process and the jurisdiction's future.

Known for its streamlined and accessible approach to online gambling licensing, Anjouan has become a preferred jurisdiction for many online gaming operators. 

The background of Anjouan in iGaming

Anjouan, part of the Union of Comoros, has been offering gaming licenses since the late 1990s. The move to become an online gaming licensing hub was part of a broader strategy to attract international businesses and diversify its economy. The island initially gained popularity due to its competitive pricing and relatively straightforward regulatory requirements.

Compared to established jurisdictions like Curacao, the Isle of Man, and Malta, Anjouan offers a more accessible and cost-effective route into the iGaming world.

Key benefits of an Anjouan gaming license

1. Cost-effective licensing

One of the primary reasons operators choose Anjouan is the comparatively low cost of obtaining and maintaining a license. The licensing fees in Anjouan are typically much lower than in larger jurisdictions like Malta or the Isle of Man. In addition, Anjouan does not impose heavy taxation on gaming revenues, making it an attractive option for startups and smaller operators looking to minimise expenses while establishing a foothold in the industry.

2. Streamlined application process

Anjouan has simplified the licensing process, reducing the time it takes to acquire a gaming license. Depending on their operations' complexity and ability to meet regulatory requirements, many operators can secure their permits in just a few days.

The application process requires essential documentation such as a business plan, due diligence on the company directors, and an outline of the games or services to be provided. Unlike some jurisdictions, Anjouan doesn’t require excessive bureaucratic steps, which can be a relief for operators aiming to launch their platforms quickly.

3. Legitimacy and international recognition

While Anjouan may not yet hold the same level of global recognition as other well-known jurisdictions, it has gained a reputation for operating under a robust legal framework. The Anjouan authorities ensure that licensed operators meet essential requirements for fairness, anti-money laundering (AML) compliance, and responsible gaming.

The license also allows operators to cater to various international markets.

4. Data privacy and business confidentiality

Another critical benefit of operating under an Anjouan gaming license is the strong confidentiality it provides businesses. The jurisdiction has robust data privacy laws, ensuring that the personal information of gaming operators and their customers remains protected. 

5. Tax efficiency

Anjouan offers a tax-friendly environment for gaming companies. It doesn’t impose any corporate tax on gaming revenues, allowing operators to maximise profits and reinvest in their businesses. This is a key consideration for operators that might otherwise face heavy tax burdens in other jurisdictions.

The legal framework and compliance requirements

Anjouan has developed a legal framework tailored to the iGaming industry, ensuring that gaming operations are conducted fairly, transparently, and securely. Here are some of the core legal and compliance elements for operators:

1. Anti-money laundering (AML) requirements

Anjouan requires license holders to adhere to strict anti-money laundering regulations. Operators must implement robust AML policies and procedures to detect and report suspicious activities. This includes performing due diligence on players, monitoring transactions for unusual patterns, and reporting any suspicious activities to the relevant authorities.

2. Know your customer (KYC) obligations

KYC compliance is mandatory for all licensees in Anjouan. Operators must verify their players' identities to prevent fraud and ensure that their platforms are not being used for illegal activities. This typically involves gathering documentation from players, such as government-issued IDs, utility bills, or other proof of identity.

3. Fairness and game testing

To ensure the integrity of online gambling operations, Anjouan mandates that licensed operators offer fair and transparent gaming. This includes subjecting their gaming software and algorithms to independent audits and testing. Third-party firms typically perform such audits that verify the fairness of random number generators (RNGs) or provably fair mechanisms.

4. Responsible gaming initiatives

Anjouan has established regulations aimed at promoting responsible gaming. Operators must implement features such as self-exclusion options, limits on deposits and wagers, and tools that allow players to monitor their gaming activity. These measures are intended to protect vulnerable players and prevent problem gambling.

The application process for an Anjouan gaming license

Acquiring an Anjouan gaming license is relatively straightforward compared to other jurisdictions. Here’s a breakdown of the application process:

1. Preparation of documentation

The first step is gathering the necessary documentation, which typically includes:

• A comprehensive business plan outlining the proposed gaming operations.

• Identification and due diligence documents for the company’s directors and shareholders.

• A detailed outline of the games or services the operator intends to offer.

• AML and KYC policies that the operator plans to implement.

2. Submission of application

Once the documentation is complete, it is submitted to the Anjouan Gaming Authority for review. During this stage, the authorities assess the operator’s financial stability, business strategy, and ability to comply with Anjouan’s regulations.

3. Compliance checks

After submitting the application, the operator will undergo thorough due diligence checks. This includes background checks on the company directors and shareholders to ensure they have no history of involvement in illegal activities or breaches of gaming regulations.

4. Approval and issuance of license

If the application meets all the requirements, the license is typically approved within a matter of weeks. Once granted, the permit allows the operator to begin offering online gaming services under Anjouan’s jurisdiction.

The future of Anjouan as a gaming jurisdiction

Anjouan’s reputation as an iGaming licensing hub is growing steadily, and its regulatory framework continues to evolve in response to industry needs. As more operators look for cost-effective and efficient licensing solutions, Anjouan is well-positioned to attract a diverse range of gaming companies.

Conclusion

Anjouan’s gaming licenses offer a unique combination of affordability, efficiency, and regulatory balance, making them a compelling option for online gaming operators. With its streamlined application process, cost-effective licensing fees, and focus on compliance, Anjouan has established itself as a growing player in the global iGaming industry. To apply for an Anjouan gaming license, you need to partner with a professional such as Fast Offshore. Our team of highly experienced experts can guide you through the whole process from start to finish with ease. Contact us today to find out more.