Denmark is one of the considered pioneers of the online Gaming Industry. Denmark boasts of a very vibrant economy and a per capita income which is one of the highest in the world.
This County is also favored as a business destination owing to the favorable business laws. The recognition of a business is registrations in other jurisdictions across the globe.
A Denmark Casino License is provided by the Danish Gambling Authority known as Spillemyndigheden. License application in Denmark is allowed for the specialized process.
Denmark Online Casino License
It is working in close cooperation with other governmental agencies including the taxation authorities and the Danish Tax and Customs Administration and Danish Business Authority.
There are two types of licenses which can be issued for an online gaming license in Denmark:
Online Casino License
The Online Casino License is allowing for organizing Combination gambling regulations in Denmark. Some other games are including roulette, blackjack, baccarat, punto banco, poker, and gambling on gaming machines. Games are based 100% on chance are not covered under this license.
A betting license is covering events where players make guesses about the result of an event such as a game of football.
However, there are limitations to betting licenses and horse and dog races, pigeon racing, results on lotteries and other randomly generated events that are not covered under the license.
Eligibility for an Online Gaming License
Denmark is renowned as a destination that is promoting Offshore Gaming through highly transparent and flexible criteria. The four broad qualifications for obtaining a regulation and licensing of casino in Denmark are:
- The applicant must be a minimum of 21 years of age.
- He must not be under guardianship or requested guardianship.
- He must not have filed a petition for restructuring, bankruptcy or debt relief or be subject to restructuring, bankruptcy or debt relief proceedings.
- He must not have any debts outstanding to public authorities.
Requirements for companies are remaining the same except the age and guardianship criteria. However, members of the company’s executive board and board of directors must meet the same requirements as an individual as mentioned above.
There is no requirement for the person to be a citizen of Denmark or it is no requirement for a company to be registered in Denmark. However, it is required for Greenland, citizenship of local company registration.