What You Need to Know About Opening a Gambling Establishment in Poland
Gambling activities in Poland are mostly composed on betting agencies, while sports wagering is well established both offline and online. Casinos are subject to the Gaming Act and have to comply with the licensing requirements and local market regulations.
Here, you are going to learn how you can open a so-called “kasyna online płatność SMS” in Poland because the main steps are described.
Gambling in Poland
Gambling includes change games, card games, and slot machines that are regulated by the Polish law. This activity is performed to obtain bonuses and money conditioned by guessing the results of:
- Sports activities. A sweepstake system is utilized in Poland where the value of casino games winnings depends on the total amount of stakes.
- Virtual events. These are computer-generated events that require an online casino to archive the data containing the outcomes. This kind of gambling is allowed by the law and can be done by private operators.
How to Open a Betting Agency in Poland
Investors who are willing to open a company and eager to engage in gambling activities need to follow several main steps. Below, you can find a few common steps for starting any sort of business in Poland. However, there are a few additional tips for obtaining the special license for online casino activity.
The most important steps to opening a gambling website with casino games are:
- You should choose the legal form. The majority opts for the Polish private limited liability company because this option allows the founders to only be liable up to the amount of money they invest.
- You need to choose a name. It is critical for your company to obtain an original business name that may be checked before moving forward to the next steps.
- It is essential to get the documents ready. During this stage, you will have to deal with the Articles of Association and the Memorandum. They specify the information about the company activities, shareholders, its registered office, kinds of shares, etc.
- Registration is the next step. You will have to submit the registration form, the company documents, and proof of payment of the minimum share capital to the National Court Register.
Regulations and Requirements for Gambling Agencies in Poland
The application for the special betting license must be submitted to the Ministry of Finance. It should include information about the applicant, which are the details about the applicant, conditions for the wagering games and bonuses, financial statement, etc. You should consider that there will have to pay a certain fee when submitting this application.
The gambling permit is issued for six years, and you can get it renewed for six years more when the period is over. These days, it is even possible to find agents to help you open a betting agency and submit the required documents to get the necessary permit.
These kinds of companies in Poland are subject to the provisions of anti-money laundering laws. It implies that they must show that they comply with these laws when applying for the license. It is also important to be ready for inspections performed by the relevant Polish authorities. At the same time, the permit may be revoked in the case of a money laundering conviction.
This article contains the brief information on how to start a betting company and the steps required for this kind of business. However, you will have to find more if you are willing to start such a business, and you may even have to contact agents who can help you do that. In this case, your clients will be able to use your online service to play their favorite games.