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”

or

(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)

Swift/BIC: BCYPCY2N

Transfer details: “Payable fee for a bookmaker’s licence or authorised representative’s licence or

                               betting premise’s licenceand the name of the legal entity of the bookmaker.