{"id":142,"date":"2022-12-22T10:32:58","date_gmt":"2022-12-22T10:32:58","guid":{"rendered":"https:\/\/companyformationaustria.com\/open-a-gambling-business-in-austria\/"},"modified":"2023-05-17T01:26:11","modified_gmt":"2023-05-17T01:26:11","slug":"open-a-gambling-business-in-austria","status":"publish","type":"post","link":"https:\/\/companyformationaustria.com\/open-a-gambling-business-in-austria\/","title":{"rendered":"Open a Gambling Business in Austria"},"content":{"rendered":"\n<p>Foreign investors interested in&nbsp;<strong><a href=\"http:\/\/www.companyformationaustria.com\/why-is-austria-an-attractive-country-for-investors\">starting a business in Austria<\/a><\/strong>&nbsp;can choose the&nbsp;<strong>gaming sector<\/strong>&nbsp;as it can offer good returns on investment. It is also one of the best regulated industries in Austria.&nbsp;<strong>Gaming<\/strong>&nbsp;falls under the&nbsp;<strong>Law on Game of Chances<\/strong>&nbsp;which was enabled in 1989 and amended various times since, the last update of the law being related to the introduction of several EU directives in it.<\/p>\n\n\n\n<p>Foreign investors can obtain more information on the&nbsp;<strong>Gaming Law<\/strong>&nbsp;from&nbsp;<strong>our&nbsp;<a href=\"http:\/\/www.companyformationaustria.com\/about-us\">company registration consultants in Austria<\/a><\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationaustria.com\/open-a-gambling-business-in-austria\/#company-registration-in-the-gambling-industry-in-austria\" title=\"Company registration in the gambling industry in Austria\">Company registration in the gambling industry in Austria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationaustria.com\/open-a-gambling-business-in-austria\/#applying-for-a-gaming-license-in-austria\" title=\"Applying for a gaming license in Austria\">Applying for a gaming license in Austria<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"company-registration-in-the-gambling-industry-in-austria\"><\/span><strong>Company registration in the gambling industry in Austria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are various activities a&nbsp;<strong>gambling operator in Austria<\/strong>&nbsp;can offer. Among these, we remind the following:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; lottery games;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; poker games;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; online casino games;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; betting;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; slot machines.<\/li>\n<\/ul>\n\n\n\n<p>No matter the type of activities it will undertake, the operator must first&nbsp;<strong><a href=\"http:\/\/www.companyformationaustria.com\/register-company-austria\">register a company with the Trade Register<\/a>&nbsp;<\/strong>and then apply for the&nbsp;<strong>gambling license<\/strong>. All&nbsp;<strong>gambling companies<\/strong>&nbsp;are subject to special share capital requirements which varies 22 million and 109 million euros, based on the activities carried out.<\/p>\n\n\n\n<p>Our&nbsp;<strong><a href=\"http:\/\/www.companyformationaustria.com\/\">company formation agents in Austria<\/a><\/strong>&nbsp;can handle the preparation of the incorporation documents and their filing with the Companies Registrar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"applying-for-a-gaming-license-in-austria\"><\/span><strong>Applying for a gaming license in Austria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the best parts of&nbsp;<strong>starting a gambling business in Austria<\/strong>&nbsp;is the fact that only one license needs to be obtained no matter the activities the operators will carry out. The&nbsp;<strong><a href=\"http:\/\/www.companyformationaustria.com\/gmbh-registration-austria\">Austrian company<\/a><\/strong>&nbsp;must obtain the license from the Ministry of Finance which also acts as a supervisory body of the&nbsp;<strong>gaming sector<\/strong>.<\/p>\n\n\n\n<p>The documents to be filed when&nbsp;<strong>applying for a casino license<\/strong>&nbsp;are:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp; copies of all the documents stating the registration of the company;<\/li>\n\n\n\n<li>&#8211;&nbsp; a business plan which must cover 3 years of activity;<\/li>\n\n\n\n<li>&#8211;&nbsp; a certificate of solvency and other information on the bank accounts of the company;<\/li>\n\n\n\n<li>&#8211;&nbsp; a detailed description of the games to be operated by the company;<\/li>\n\n\n\n<li>&#8211;&nbsp; information on the platform the games will be provided from;<\/li>\n\n\n\n<li>&#8211;&nbsp; information about the software used for the games.<\/li>\n<\/ul>\n\n\n\n<p>Also, all&nbsp;<strong>Austrian companies in the gaming sector<\/strong>&nbsp;must pay an application and a licensing fee. The validity period of a&nbsp;<strong>gambling license in Austria<\/strong>&nbsp;is 15 years.<\/p>\n\n\n\n<p>Our accountants in Austria can give you complete information about the taxes applicable to a gambling business, as well as detailed information about the annual financial statements, how they are prepared and when they are submitted. Our accounting services include bookkeeping, payroll management, tax filing and payment, bank account reconciliation, cashflow management, and more.&nbsp;<\/p>\n\n\n\n<p>For full information on the&nbsp;<strong>requirements related to starting a gaming business<\/strong>, please&nbsp;<strong><a href=\"http:\/\/www.companyformationaustria.com\/contact\">contact our Austrian company formation consultants<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign investors interested in&nbsp;starting a business in Austria&nbsp;can choose the&nbsp;gaming sector&nbsp;as it can offer good returns on investment. It is also one of the best regulated industries in Austria.&nbsp;Gaming&nbsp;falls under the&nbsp;Law on Game of Chances&nbsp;which was enabled in 1989 and amended various times since, the last update of the law being related to the introduction [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[67,65,11,63,66,64],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open a Gambling Business in Austria<\/title>\n<meta name=\"description\" content=\"Find here how to set up a gaming company in Austria. 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