Obtaining a license in a European country like Malta is a complex and meticulous process.

Our client approached us without software certification, a business plan, technical documentation for their platform, a beneficiary without a source of income and industry experience, and without key-functions for almost all the positions.

The goal was to obtain a Maltese Gaming Authority (MGA) license under these challenging conditions.

Our team undertook several key steps to prepare the necessary documentation and ensure a successful license application:

1. Technical Documentation Preparation

We worked closely with the client's technical team to determine and prepare the necessary documents and revisions for the platform to pass the technical audit. We also coordinated a pre-license audit to assess the current status of the software.

2. Business Documentation Preparation

We developed a comprehensive set of business documents, including detailed business plans, financial projections, and market analyses, essential for a successful license application.

3. Key Personnel Identification

We identified and prepared the necessary key personnel, including their documents, to meet MGA requirements. This involved creating detailed resumes and histories for the past 10+ years of work experience.

4. Nominee Beneficiary and Shareholder Preparation

We conducted extensive actions to establish a Maltese company's nominee beneficiary, shareholder, and director. This included creating a compelling portfolio of income sources and expertise. We facilitated share purchase and dividend payment transactions to present a robust financial profile to the regulator.

5. Documentation and Audit

We prepared a complete package of business and technical documents, successfully completed a trial technical audit, and conducted a thorough audit of financial documentation. This included declarations explaining the origin of funds and their acquisition, as well as detailed resumes and explanations of the beneficiaries' expertise.