Obtaining A Betting Licence In Cyprus

Cyprus' attractive tax system and the presence of forex regulators in the island, makes it one of the strongest business centres in the world and an entrepreneur's traditional business hub. Even though, legalized betting is new to Cyprus and restricted, nevertheless, it is possible to obtain a Cyprus betting licence.

Legislative framework

The National Betting Authority (NBA) is in charge of managing gaming activities in Cyprus. The NBA's duties include reviewing of applications, licencing, auditing and supervising online betting providers and betting shops as well as conducting investigations for complaints and suspending licences whenever necessary.

The Betting Law of 2012 had been replaced by the Betting Law of 2019, which introduced new legislation for betting activities and rendered the NBA, an autonomous regulatory with financial independence and self-sufficiency. The Authority's duty is to licence and supervise bookmakers, betting activities and