On August 13, 2020 Ukrainian Law on Gambling had become effective marking the end of ban on gambling activity in Ukraine. Gambling has become subject to licensing and Ukrainian B2B Software Provider (Gambling) License was born.
As the name implies Ukrainian B2B Software Provider License is for companies that supply gambling-related software to operators. Prior to the enactment of the law all gaming activity had been outlawed. Ukrainian Law on Gambling brought about long awaited regulation of the industry, enabling not only operators (see more details on that in our previous article) but other gaming-related businesses to legally enter Ukrainian gambling market.
In essence, Ukrainian B2B Software Provider (Gambling) License creates new opportunities for all industry participants.
Such a lucrative opportunity has already been exercised by a number of companies. Late 2021 marked issuance of the 16th Ukrainian B2B Software Provider (Gambling) License. Shareholders of license holders come from a variety of countries, among which Ukraine, Austria, Netherlands, Bulgaria and Estonia.
Given a steady stream of inquiries regarding the license, we decided to summarize the key aspects of it below.
B2B SOFTWARE PROVIDER (GAMBLING) LICENSE
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| Legislation | Ukrainian Law on Gambling; Licensing Conditions approved by the Cabinet of Ministers of Ukraine. |
|---|---|
| Scope | The B2B License enables its holders to supply qualified software which can be directly employed in gambling industry both to Ukrainian and foreign gambling operators. |
| Applicants | Only Ukrainian companies can apply for the B2B License (foreign shareholders usually set-up a company in Ukraine which becomes an applicant). |
| Substance requirements | Number of employees:
Share capital:
Revenue:
Chief executive staff and shareholders:
|
| State body issuing the B2B License | Commission on Regulation of Gambling and Lotteries (CRAIL) |
| Duration | 5 years |
| License fee | Approx. USD 73,000 / EUR 60,000 |
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How can we help?
- Provide a legal advice whether your activity in Ukraine requires obtaining the B2B Software Provider (Gambling) License.
- Prepare all the documents to apply for the B2B Software Provider (Gambling) License.
- Advise on tax and legal matters in connection with your envisaged activity in Ukraine.
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