Pursuant to the provisions of section 30 of the Betting Law and the Betting (Payable Fees) Regulations of 2019 R.A.A.84/2019 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:
|Licence type||For a period of one (1) year||For a period of two (2) years||Per month*|
|Application for a Class A or B bookmaker’s licence||€30.000||€45.000||–|
|Application for a Class A authorized agent licence||€2.000||€3.000||€170|
|Application for a premises licence, for providing betting services in two or more premises (the licence for the first premises is free of charge)||€2.000||€3.000||€170|
* If at the time of the license application for an authorized agent, the relevant Class A bookmaker’s license is valid for less than a year, or for more than a year but less than two years, the payable fee for the authorized agent’s license is set to one hundred seventy euros (€170) per month for the period in which the Class A bookmaker’s license is still valid. If at the time when a Class A bookmaker or an authorized agent submits a license application for additional premises the relevant Class A bookmaker’s license is valid for less than a year, or for more than a year but less than two years, the payable fee is set to one hundred seventy euros (€170) per premises apart from the first one, per month, for the period in which the Class A bookmaker’s license is still valid, in addition to the fee applicable in each case.
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.