Introduction

On August 13, 2020, the Law on State Regulation of Organization and Conduct of Gambling came into force. The law provides for the following types of licenses:

  • license for the organization and conduct of gambling activities in casino gambling establishments;
  • license for the organization and conduct of gambling in casinos on the Internet;
  • license for carrying out of activity on organization and conduct of of bookmaking activity;
  • license for carrying out activity on organization and conduct of of gambling activity in slot machine halls;
  • license for carrying out the activity on organization and holding of gambling in poker rooms on the Internet;
  • license for a gambling table and/or a gambling table with a roulette ring;
  • license for a betting shop;
  • license for a slot machine;
  • license for gambling services activities (B2B license);
  • license for carrying out betting on the racetrack;
  • investment license.

The concept of gambling under the legislation of Ukraine

The law defines that gambling is any game, a condition for participation in which the player makes a bet entitling him to win (the prize), the probability and size of which depends fully or partially on chance, as well as the knowledge and skill of the player.

Gambling does not include:

  • organization and conduct of creative contests, sports competitions, etc., regardless of whether the conditions of conduct provide or do not provide monetary or property winnings;
  • a game of billiards, a game of skittles (bowling) and other games played without the player receiving a prize (winnings);
  • game on “crane-machine” type machines (two-coordinate machines), in which the player receives only material things (toys, candy, etc.) as a prize;
  • issuing and conduct of lotteries;
  • organization and conduct of sports poker.

License fees

Type of online licenseThe amount of the state feeIssuance period
License for online casino6.5 thousand minimum wages5 years
Online betting license30 thousand minimum wages5 years
Online poker license5 thousand minimum wages5 years
B2B license300 minimum wages5 years

From October 1, 2022 the minimum wage will be 6,700 UAH.

Basic requirements for the applicant

The organizer of gambling can only be a legal entity – a resident of Ukraine.

The authorized (composed) capital shall be formed in cash in an amount not less than thirty million hryvnia, while a larger amount of the authorized (composed) capital may be formed at the expense of securities, other property and property rights.

The applicant must also provide the following information and documents according to the list:

  • Confirmation of the origin of funds for the formation of authorized capital;
  • Confirmation of domain name ownership in the UA zone;
  • Proof of trademark ownership;
  • The Gambling Organizer shall ensure certification and inspection of the Gambling Organizer’s online system by certification subjects listed by the Authorized Body in the list of certification subjects;
  • Information about the absence of direct or indirect control over the licensee (within the meaning of Article 1 of the Law of Ukraine “On Protection of Economic Competition”) of residents of foreign states who carry out an armed aggression against Ukraine (within the meaning of Article 1 of the Law of Ukraine “On Defense of Ukraine”) and/or whose actions create conditions for a military conflict and use of military force against Ukraine, and information that the licensee does not act in the interests of such persons. Such information shall be submitted in any form in compliance with the requirements of paragraph 11 of these License Terms;
  • Information that the recipient of the license and / or associated persons are not persons whose activities are restricted or prohibited under the Law of Ukraine “On Sanctions”;
  • Information that the executives, chief accountant, substantially involved in the management of the company’s affairs and ultimate beneficial owners of the licensee have impeccable business reputation and are not citizens of the state recognized by law as the occupant state and/or recognized as the aggressor state in relation to Ukraine;
  • Information that the participants (shareholders) of the licensee are not the ultimate beneficial owners of a resident of a foreign state recognized by law as an occupant and/or aggressor state in relation to Ukraine;
  • Information that the licensee does not own directly or indirectly (through another individual or legal entity) any share of a resident of a foreign state, a state recognized by law as an occupying and/or aggressor state in relation to Ukraine;
  • Information that the licensee does not have among the participants (founders, shareholders) legal entities registered in the states (jurisdictions) included in the list of states (jurisdictions) which do not fulfill or improperly fulfill the recommendations of international, intergovernmental organizations involved in combating money laundering or financing of terrorism or financing weapons of mass destruction proliferation, drawn up in the manner determined by the Cabinet of Ministers of Ukraine based on the conclusions of international, intergovernmental organizations involved in combating money laundering or the financing of terrorism or the financing of proliferation of weapons of mass destruction, and published on the official website of State Financial Monitoring Service of Ukraine. ;
  • The ownership structure of the licensee and information about the ultimate beneficial owner of the licensee, which is a legal entity, including the ultimate beneficial owner of its founder, if the founder is a legal entity;
  • Confirmation of a bank guarantee in the amount of 7,200 minimum wages.

The process of obtaining a gambling license in Ukraine

1

Registration of a company with authorized capital of 30 million UAH

2

Opening a bank account

We help with the opening of accounts in banks that work with the gambling industry.

3

Contribution of authorized capital by funds, other property, property rights

We help with the analysis of the way to form the authorized capital in your case

4

Obtaining confirmation of the origin of funds for the formation of authorized capital

We help you get such confirmation.

5

Registration of domain name in the UA zone for a company

6

Certification and inspection of the online system of a gambling organizer by certification subjects

7

Obtaining a bank guarantee in the amount of 7,200 minimum wages

8

Preparing documentation and submitting documents to obtain a license

The cost of obtaining a license for online casinos in Ukraine

Title Amount
Authorized capital (can be contributed in property rights instead of funds)30 000 000 UAH
License fee for the first year*1300 minimum wages
Payment for bank services for the provision of a bank guaranteeTo be negotiated with the bank
Payment for the services of the subject of certificationTo be negotiated with the subject of certification
License fee for 1 year (within four years after the first payment)1300 minimum wages

*The second paragraph of paragraph 3 of section XI “Final and transitional provisions” of the Law stipulates that until the day of introduction into operation of the State online monitoring system, the annual fee for a license to organize and conduct bookmaking activities, to organize and conduct casino gambling activities on the Internet, as well as the annual fee for a gambling machine is paid in triple figures, 1300 minimum wages x 3 = 3900 minimum wages.

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