Best Online Casino Cyprus

The island state of Cyprus situated in the south-east of the Mediterranean has been of cultural significance since the dawn of classical history. The name is Mycenaean Greek in origin dating from the 15th century BCE although archeological evidence points to a far more ancient hunter gatherer society dating back to 10 000BCE. Greek mythology puts the island as the birthplace of Aphrodite and Adonis. The island of love and fertility. It has also been a strategic stop off to the Middle East and has seen its fair share of conflict through the ages. Now a divided country between Turkish North and Greek South Cyprus is peaceful but still has issues simmering. Tourism has long been a major money earner for Cyprus both North and South. The strange thing is though if you a gambler looking for some casino action the Turkish North is where the casinos are. Doesn't make a lot of sense to an outsider gambling is forbidden in Turkey and legal in Greece.

Online Casinos Cyprus – Best Cyprus Casinos. With its pristine oceans, serendipitous nooks and crannies, happy hippy love mojo spread all through the island, and even something called Aphrodite Rock Brewing Company, Cyprus. Growing to become a leading gaming destination in Europe, Cyprus Casinos beckon visitors from all corners of the world. Whether it's your first time in Cyprus or not, Cyprus Casinos offer. Online Casino Sites in Cyprus. The best casino online Cyprus should operate under the valid license, issued by a correspondent authorized world-recognized body. Best Cyprus online Casinos. Tweet If you want to play in the best online casinos for Cyprus from the comfort of your own home, then you've come to the right place. All of our online casinos are licensed and have multiple award-winning online.

Another In Trouble With The Court Of Justice European Union

Cypriot gambling laws are not compatible with the idea of free trade according to the CJEU. OPAP the Greek company still has a monopoly and is allowed to operate random number games when it is prohibited for anyone else. It is OK to bet online on sports but not horse racing or casino games according to the 2012 Betting Law. A new law in 2015 allows one full on casino with all the usual table games and smaller slots halls one in each district. As of yet the main resort casino is not open. Travel north and you will find casinos all over the place. The Cypriot authorities do enforce the law with many raids having taken place and players arrested and computers confiscated. Although these did take place in public places as opposed to individual homes. The whole issue is not clear at all and if it's illegal to gamble online why does the OPAP get a walk. Now the brick and mortar casino has the go ahead does that mean it will be OK to gamble online? Nobody knows.

Latest News Cyprus

Doesn't Stop The Cypriots

Greek Cypriots travel north to gamble in the brick and mortar venues and also stay at home and gamble on the multitude of online casinos available regardless of legislation. The legality notwithstanding the ease of access to offshore sites is such that millions of Euros are gambled online every year. The best online casino Cyprus can access has to have a Greek language platform. There are not so many that offer that unfortunately but English is widely spoken on the island so it widens the options. If you are new to the scene and would like to play casino games online then there are some things that need to be taken into account. To be sure you are playing with a reputable brand there are some things to check first. The most obvious is whether a current license is held. The EU has some excellent regulatory bodies within its borders. Malta, Gibraltar and the Isle of Man are the most common with the Channel Islands featuring heavily as well. The UK Gambling Commission is held to be the strongest of all, but only deals with UK residents. Many brands have more than one license so a combination of these is not uncommon. There are also the Caribbean licenses these are usually just business licenses and on their own mean nothing toward regulation. The best Cypriot online casino will probably be the best in the UK as well all of the top brands have UK facing platforms and as such fall under strict regulation.

Keep Your Money Safe

The first line of defense for your money when gambling online is making sure all pages of the site you visit are secure. The address bar padlock icon and the prefix https must be there. This signifies that SSL Encryption is in place. Independent online security firms are engaged by the big name brands to verify and test their protocols. A logo will be on the footer of the site of companies like Thwate and VeriSign. These are easily checkable online as are the legitimacy of licenses. The European Union has some of the safest online banking methods there are so your details should be safe. If you have any concerns then use one of the many third party electronic payment methods. It may sound obvious but keep your account details to yourself. If you are trying an online casino for the first time deposit a small amount first and get feel for how the money moves about. Withdrawal times vary a lot from one casino to another.

Keep In The Know

Player forums have had an important impact on the online casino industry. Unlike other genre these forums have teeth. There is a close connection between the playing public and online casinos through the forums. A bad casino is very quickly spotted and with the speed of the internet a few threads can very quickly spread. Forums have helped bring about the shutdown of more than one rogue operation. A wise person keeps an eye on the forums even the best slip up it is good to know when then do and how they recover.

The Rest Is Personal Choice

The longer an online casino has been in business the safer the option is. Quite often though the oldest brands can be a little well old. It will all come down to how games play and the way you are treated by a particular online casino. Ask a few revealing questions of the customer service team. How they answer might be the only difference between two choices. You will come up with a list of many to choose from the industry is still growing. Whoever you finally settle on good luck and enjoy.

In the 21st century, an online casino is an excellent choice for a hearty startup company that is sure to withstand economic downturns, pandemics, and other social struggles that hit brick-and-mortar businesses very hard.

When starting such an endeavor, the most important consideration to make is where your new online business should be based. Although online casinos are a global phenomenon with players from nearly every nation, some countries have much more favorable provisions than others for new organizations.

Get your ducks in a row

Before embarking on a project as intensive as starting your own online casino, it's good to make a long-term plan for how you want to conduct your business in the future.

Heidi Allen from NDD suggests: 'It's a great idea to have a 10-year forecast in terms of where you want to be as an online company. Are you after running a couple of million-per-year casinos? Or do you want an IPO one day? Such information can be useful in picking where you want to be incorporated.'

So, without further ado, here are our top picks for the 7 best countries to start your new online casino business.

Best Online Casino Cyprus Slots

#1. Sweden

Any of the Scandinavian countries might be good picks for basing your new online casino, however, Sweden tops this list due to the sheer number of iGaming companies with Swedish roots as well as its progressive stance on player safety.

The Swedish government doesn't impose any taxes on players' winnings. Casinos need to pay 18% tax on all revenue, but players get to keep their winnings, tax-free.

#2. Gibraltar

There's a reason Gibraltar hits so high on this list. Over 10% of Gibraltar's entire workforce is somehow employed or tied to the gaming industry. Application and setup are easy but very thorough.

There's no fee to apply, but companies looking to set up shop in Gibraltar need to show extensive security built into the platform from trusted sources, and the majority shareholder or members of the board need to have an impeccable moral record before Gibraltor will issue the license.

Gibraltar hits one other important checkbox. It's extremely generous with its taxation. If the company is registered in Gibraltar it's a simple 1% of profits made with a cap at about half a million pounds.

Latest News Cyprus

Doesn't Stop The Cypriots

Greek Cypriots travel north to gamble in the brick and mortar venues and also stay at home and gamble on the multitude of online casinos available regardless of legislation. The legality notwithstanding the ease of access to offshore sites is such that millions of Euros are gambled online every year. The best online casino Cyprus can access has to have a Greek language platform. There are not so many that offer that unfortunately but English is widely spoken on the island so it widens the options. If you are new to the scene and would like to play casino games online then there are some things that need to be taken into account. To be sure you are playing with a reputable brand there are some things to check first. The most obvious is whether a current license is held. The EU has some excellent regulatory bodies within its borders. Malta, Gibraltar and the Isle of Man are the most common with the Channel Islands featuring heavily as well. The UK Gambling Commission is held to be the strongest of all, but only deals with UK residents. Many brands have more than one license so a combination of these is not uncommon. There are also the Caribbean licenses these are usually just business licenses and on their own mean nothing toward regulation. The best Cypriot online casino will probably be the best in the UK as well all of the top brands have UK facing platforms and as such fall under strict regulation.

Keep Your Money Safe

The first line of defense for your money when gambling online is making sure all pages of the site you visit are secure. The address bar padlock icon and the prefix https must be there. This signifies that SSL Encryption is in place. Independent online security firms are engaged by the big name brands to verify and test their protocols. A logo will be on the footer of the site of companies like Thwate and VeriSign. These are easily checkable online as are the legitimacy of licenses. The European Union has some of the safest online banking methods there are so your details should be safe. If you have any concerns then use one of the many third party electronic payment methods. It may sound obvious but keep your account details to yourself. If you are trying an online casino for the first time deposit a small amount first and get feel for how the money moves about. Withdrawal times vary a lot from one casino to another.

Keep In The Know

Player forums have had an important impact on the online casino industry. Unlike other genre these forums have teeth. There is a close connection between the playing public and online casinos through the forums. A bad casino is very quickly spotted and with the speed of the internet a few threads can very quickly spread. Forums have helped bring about the shutdown of more than one rogue operation. A wise person keeps an eye on the forums even the best slip up it is good to know when then do and how they recover.

The Rest Is Personal Choice

The longer an online casino has been in business the safer the option is. Quite often though the oldest brands can be a little well old. It will all come down to how games play and the way you are treated by a particular online casino. Ask a few revealing questions of the customer service team. How they answer might be the only difference between two choices. You will come up with a list of many to choose from the industry is still growing. Whoever you finally settle on good luck and enjoy.

In the 21st century, an online casino is an excellent choice for a hearty startup company that is sure to withstand economic downturns, pandemics, and other social struggles that hit brick-and-mortar businesses very hard.

When starting such an endeavor, the most important consideration to make is where your new online business should be based. Although online casinos are a global phenomenon with players from nearly every nation, some countries have much more favorable provisions than others for new organizations.

Get your ducks in a row

Before embarking on a project as intensive as starting your own online casino, it's good to make a long-term plan for how you want to conduct your business in the future.

Heidi Allen from NDD suggests: 'It's a great idea to have a 10-year forecast in terms of where you want to be as an online company. Are you after running a couple of million-per-year casinos? Or do you want an IPO one day? Such information can be useful in picking where you want to be incorporated.'

So, without further ado, here are our top picks for the 7 best countries to start your new online casino business.

Best Online Casino Cyprus Slots

#1. Sweden

Any of the Scandinavian countries might be good picks for basing your new online casino, however, Sweden tops this list due to the sheer number of iGaming companies with Swedish roots as well as its progressive stance on player safety.

The Swedish government doesn't impose any taxes on players' winnings. Casinos need to pay 18% tax on all revenue, but players get to keep their winnings, tax-free.

#2. Gibraltar

There's a reason Gibraltar hits so high on this list. Over 10% of Gibraltar's entire workforce is somehow employed or tied to the gaming industry. Application and setup are easy but very thorough.

There's no fee to apply, but companies looking to set up shop in Gibraltar need to show extensive security built into the platform from trusted sources, and the majority shareholder or members of the board need to have an impeccable moral record before Gibraltor will issue the license.

Gibraltar hits one other important checkbox. It's extremely generous with its taxation. If the company is registered in Gibraltar it's a simple 1% of profits made with a cap at about half a million pounds.

#3. Cyprus

Cyprus is a unique addition to the list because it's rather difficult and in most cases quite illegal to gamble within Cyprus itself. However, it allows for licenses and businesses to own and operate online casinos as long as they're marketed for the rest of the world and not accessible to the Cyprus public.

Best Online Casino Cyprus No Deposit

Potential operators must have all the usual background checks, and be approved by the Cyprus board after paying all the usual fees, €30,000 for a 1-year license and €40,000 for a 2-year license.

Operators are also required to have a Cyprus bank account that ensures the bets being made on their platform. They're allowed to have a separate bank account for operating costs and the company, but the actual account holding the payouts needs to be a Cyprus account.

#4. Isle of Man

For unprecedented access to the UK's massive online gambling market, the Isle of Man is a great choice. There are three different kinds of licenses available for online gaming on the Isle of Man: a network services license, a full license, and a sublicense depending on the goals and needs of your company.

Luckily, the Isle of Man has no corporate tax, although it does charge a 1-1.5% tax rate on gambling income, depending on the success of your business.

#5. Curacao

For starting an online casino in the Caribbean, many experts recommend Antigua and Barbuda. They, however, have one of the most expensive licenses for online gaming operations. To avoid this hefty startup cost, many savvy entrepreneurs choose Curacao.

An island nation part of the Dutch Antilles, Curacao offers a meagre 2% corporate tax and no tax at all on large-scale betting. With a process that takes about six weeks, the application fee is about $2,300, and the country charges a monthly fee of $1,700, Curacao is a great option as a base of operations for your new online casino company.

#6. Malta

An island in the Mediterranean Sea, Malta is your new online casino's gateway to Europe. Malta has all of the advantages of membership in the European Union as well as access to European players. The startup costs there are relatively low but do vary by the type of license you choose.

The application fee for a license in Malta is $2,700, and the fee for operating an online casino is about $9,800 per year. The process can take several months and for a higher level license, it may require you to invest a substantial amount of money in the country as a sort of retainer.

#7. Germany

Germany is currently making online gaming history, and only time will tell what the outcome will be. Germans can currently play through a multitude of systems, but the actual operation of online gaming sites is in question. Legislative talks are currently in progress to legalize the system and to get hard-written rules down on the books for operators.

City Of Dream In Cyprus

How the cards will fall will only be seen later on in 2021 when the dust has settled. Whether Germany becomes a powerhouse for gamers or a ghost town is yet to be seen, but if you're looking to start an operation, it's worth keeping an eye on Germany.

H&m Cyprus Online Shopping

Taxes, taxes, taxes

As with any business you'll always need to be aware of taxes. Where you decide to home base your operations will have a massive impact on those taxes and who exactly you end up paying. It's worth looking to a trusted accountant with experience in these kinds of matters because a sweet tax break at the beginning of your operation could cost you big later down the road.

There are two schools of thought when looking at taxes before choosing your base of operations: initial cost, and long-term taxes. Some countries have significant tax breaks in order to entice new businesses but as they grow, they want a piece of the action.

Jackpot Cyprus

On the flip side, some countries look to keep out small startups and only want well-established businesses, so they have large startup costs but lower yearly taxes as time goes on.