introducing The AFAB Gaming License
Set the stage for your iGaming business’ global expansion and enjoy the benefits of minimal restricted countries, minimal reporting requirements, and a fast hassle-free application process —all at the most affordable price on the market so that you can spend more into growing your iGaming business.
Why the AFAB gaming license is the best option for gaming businesses in 2024
affordability
AFAB currently offers the most competitive prices on the market, surpassing even the Anjouan license, which is known for its affordability. The AFAB's extremely affordable pricing enables you to save funds and invest them in growing your iGaming business instead.
Fast and Simple Application Process
Obtaining an AFAB license is faster than any other gaming license worldwide, assuming prompt document submission by the applicant. The process could take as little as 10-15 business days, not counting document preparation time, making it ideal for entrepreneurs on tight schedules aiming for quick market entry.
Minimal Reporting Requirements
the AFAB license has fewer reporting requirements compared to other jurisdictions. This can reduce the administrative burden on operators, especially those with limited resources.
Legality and Reputation
The Philippines' respected WTO membership lends considerable credibility to the AFAB Gaming License, providing operators with the assurance they need to navigate the complex global iGaming landscape within a solid legal and regulatory framework.
LESS DEPENDENCE ON BANKING PARTNERS
The AFAB license includes comprehensive support such as providing licensees with global payment solutions. This significantly minimizes operators' dependency on banking partners, streamlining financial transactions for clients around the world.
Minimal Restricted Countries
The AFAB license stands out as the license with the least country restrictions out of any other licensing jurisdiction by only prohibiting offering services to the Philippines and the US, paving the way for your iGaming businesses global expansion. However, operators must still adhere to the laws and regulations of each target country.
Navigating the complex world of iGaming licensing can be daunting, especially for startups looking to make their mark. Many initially turn to well-known hubs like Curacao, the UK, Malta, or the Isle of Man, drawn by their established reputations. However, the journey towards obtaining a license in these jurisdictions often unveils a path filled with high costs, intricate processes, and lengthy timelines.
Why the Curaçao license is no longer the best option for igaming operators this 2024
Curaçao, recognized for its previously straightforward iGaming licensing process, encountered economic difficulties during COVID-19, leading to an overhaul in its gambling legislation as part of a bailout agreement with the Netherlands. In 2023, reforms were announced, including the establishment of the Curaçao Gaming Authority and a revamped licensing system now directly controlled by the government, replacing the previous model of master licensees granting sub-licenses. These changes, intended to improve standards and transparency, introduce significant uncertainties and complexities for applicants. The transition has been delayed, creating apprehension within the global gambling community about increased difficulties in obtaining a Curaçao license, signaling a shift from its reputation as an easy licensing jurisdiction and highlighting potential risks for future applicants. The Curaçao license used to be one of the easiest ones to get, and even though the changes are meant to improve the regulator’s reputation, they will most probably make the whole process more difficult for applicants.
what about the anjouan license?
As a result of Curaçao’s shifting regulatory landscape, attention initially shifted towards the Anjouan license as a favorable choice for iGaming operators, drawn by its straightforward application process and cost-effectiveness. However, the Anjouan license comes with significant limitations. For one, the Anjouan license restricts operators from conducting business in numerous countries, which poses a considerable drawback for those looking to reach a global market. Second, it comes with significant financial restrictions. Specifically, there have been numerous cases where the local financial regulations in Comoros have made it difficult for operators and licensees to repatriate their funds. This is primarily because the Comorian government aims to retain capital within the country to bolster its own economic interests. Not to mention, Anjouan licenses tend to face skepticism in the industry due to perceived lack of strict supervision and as a result face trouble securing payment solutions and banking partners for their iGaming business. Overall, Such policies can severely limit the operational flexibility and liquidity that global businesses require, potentially complicating financial management and planning for entities operating under this jurisdiction.
introducing the afab license of the philippines
Recently, a game-changing opportunity has emerged for iGaming operators: the AFAB license of the Philippines. It is not as widely known as the Curaçao license yet as it was only introduced this 2024. However, within just a few weeks, the AFAB license has already received over a hundred applicants from operators all over the world. It’s worth noting that well established operators in the iGaming industry have already started to shift to the AFAB license.
The AFAB license stands out as the gaming license with the LEAST restricted countries out of all licensing jurisdictions, offering unparalleled global access for operators. This license combines an easy application process, and minimal reporting demands, while being even MORE affordable than the Anjouan. In addition, the AFAB license goes above and beyond by providing extensive support services to its licensees, including worldwide payment solutions, which minimize operators’ reliance on banking partners, facilitating a seamless operation across the globe.
Given the Philippines’ respected membership in the World Trade Organization (WTO), the AFAB Gaming License of the Philippines bolsters confidence among operators, ensuring their business operates within a framework of legal and regulatory compliance in the global iGaming landscape.
Eager to embark on a hassle-free journey towards global iGaming operations? Discover how the AFAB License can transform your business prospects. Contact us today for more information and let us guide you through a seamless application process tailored to your iGaming startup’s needs.
ABOUT US:
Venido Global Limited is an esteemed holder of the AFAB Master License, granted by the Authority of Freeport Area of Bataan, Philippines. Our core expertise lies in licensing gaming businesses worldwide under the prestigious AFAB licenses. We are dedicated to fostering global partnerships and promoting responsible and regulated gaming environments. Our strategic position in the Philippines’ burgeoning gaming sector enables us to offer unparalleled opportunities for businesses looking to navigate the complex landscape of online gaming, ensuring compliance, innovation, and growth in this dynamic industry.