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 bookmaker or for a license for an authorized agent, 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 bookmaker||€30.000||€45.000|
|Application for granting a license to a Class A authorized agent||€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 agent.
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 via 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 agent’s licence or
betting premise’s licence” and the name of the legal entity of the bookmaker.