Monday October 10, 2011 : Southern European nation offers some attractive inducements to operators
The southern European nation of Montenegro embraced online gambling with the passage of e-gaming legalization earlier this year, and has now announced that it plans to offer licensing, financial services and hosting for internet gambling operators from January 2012.
Promoting the new jurisdiction this week, spokesmen claimed that Montenegro is one of the most politically stable countries of the South-European region, and an EU candidate. It has a flexible and enterprise-friendly atmosphere and liberal gambling regulations, whilst at the same time supporting European standards.
Among the advantages listed by the spokesmen were: corporate and personal tax at 9 percent; no minimum capital required of licensees; two-day registration process, and licenses issued in as little as a week; dividends, interest and profits can be remitted in full without restrictions; and quality banking and hosting services.
"From any part of the world you are able to arrange the foundation of a company, its online gaming licence, open a bank account, online bank card acceptance and server hosting. Everything can be arranged in only one place and at a competitive price," says a statement from the licensing authority.
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