Pursuant to the provisions of section 30 of the Betting Law and the Betting (Payable Fees) Regulations of 2019 regarding the determination of the fees imposed for the issuance or renewal of a license for a Class A or B recipient or for a license for an authorized representative, the said fees are determined depending on the duration of the validity of the license, as follows:
|TYPE||FEE IMPOSED FOR A PERIOD OF ONE (1) YEAR||FEE IMPOSED FOR A PERIOD OF TWO (2) YEARS|
|Application for granting a license to a Class A or B recipient||€30.000||€45.000|
|Application for granting a license to a Class A authorized representative||€2.000||€3.000|
The corresponding fee is payable at the time of filing of the application for the issuance or renewal of a Class A or B license or for the license of an authorized representative.
Please note that, as set out in section 31, the fee imposed shall be refunded with a twenty five percent (25%) reduction in case of refusal to grant the license.
Τhe payment of the payable fee is acceptable ONLY in either of the following ways:
(a) bank cheque issued to “ΕΘΝΙΚΗ ΑΡΧΗ ΣΤΟΙΧΗΜΑΤΩΝ” or “NATIONAL BETTING AUTHORITY”
(b) bank transfer to the following bank account details:
Name of Credit Institution: Bank of Cyprus Public Company Limited
Beneficiary details: Εθνική Αρχή Στοιχημάτων or National Betting Authority
IBAN: CY71 0020 0195 0000 3570 3046 0931 (printed format)
CY71002001950000357030460931 (digital format)
Transfer details: “Payable fee for a bookmaker’s licence or authorised representative’s licence or
betting premise’s licence” and the name of the legal entity of the bookmaker.