License Name
Cyprus National Betting Authority (NBA) Class B Sports Betting Licence
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Issuing Country/Region
Cyprus
Regulatory Body
National Betting Authority (NBA)
Types of Regulated Games
Online sports betting, online event betting
Market Coverage
Local and International
Regulator's Reputation
Good
Legal Entity Requirements
Company must be registered in Cyprus or have a branch/partnership with a local entity; principal activity must be betting
Minimum Share Capital
€500,000
Directors and Shareholders Requirements
Clean criminal record; must be over 25 years old; local residency for certain officials may be required
Anti-Money Laundering (AML) Requirements
Compliance with EU AML Directives; customer verification for transactions exceeding €2,000; mandatory AML policies and reporting of suspicious activities to MOKAS
Data Protection Requirements
Compliance with GDPR for all personal data
Reporting Requirements
Quarterly and annual reports required, including self-exclusion and safer gambling measures
Audit Requirements
Regular financial and compliance audits; evidence of solvency required
Software Certification Requirements
Gaming platform and software must be ISO-compliant and certified; technical certification required
RNG Certification
Only required for games using RNG, not event/sports betting
Payment System Requirements
Payment providers must be authorized and regulated; player fund segregation and secure processing required
Server Location Requirements
Primary server and a backup server must be located in Cyprus
Domain Name Requirements
Operator must use a '.com.cy' domain for Class B license services
Language Support Requirements
Website must support Greek; additional languages optional
Currency Support Requirements
Euro required; other currencies optional
Legal Compliance Costs
Application legal fees and ongoing compliance expenses
Background Checks
Comprehensive background check for directors, shareholders, and key personnel
License Scope Restrictions
Online sports and event betting only; no casino, poker, bingo, slot machines, or horse racing
Jurisdictional Tax Compliance
10% betting tax + 3% contribution on net gaming revenue, payable to the NBA and state funds
Player Data Storage Requirements
Player data and backup must reside in Cyprus; subject to audits
Cross-Border Operations
Permitted if compliant with local and Cypriot law; must hold a valid NBA license
License Application Transparency
Application forms and process published on NBA website; detailed requirements disclosed
Regulatory Contact Point
NBA designated contact for regulatory inquiries; contact info public
Compliance Officer Requirement
Appointment of a dedicated compliance/AML officer required
Local Partnership Requirements
Overseas companies must maintain a branch and/or local partnership in Cyprus
Legal Dispute Resolution
Disputes resolved under Cypriot law and courts
License Transferability
License is not transferable to another entity
Sub-Licensing Rules
Sub-licensing not authorized
Video
License Cost
€30,000 (1-year license); €45,000 (2-year license)
Annual Fees
Same as above for renewal
Income Taxes
10% on net betting revenue, plus 3% contribution tax on same base
Player Winnings Taxes
No tax on player winnings
Financial Guarantees
€550,000 bank guarantee from a Cyprus or EU bank, valid for six months after license expiry
Liquidity Requirements
Sufficient resources to pay winnings; evidence of solvency required
Financial Reporting Requirements
Annual and quarterly financial statement submission
Application Processing Time
2–3 months
Required Documents
Proof of incorporation, AML/KYC policies, technical documentation, business plan, directors’ identification, criminal records, bank references, bank guarantee
Business Plan Requirements
Detailed business plan required with submission
Internal Policy Requirements
AML, KYC, responsible gaming, technical security, and data protection policies
Testing Requirements
Platform and control systems must undergo technical testing
Certification Requirements
Software and technical systems ISO certification as applicable
Staff Qualifications
Directors and AML officers must have relevant experience and training
Physical Office Requirements
Physical office or registered branch required in Cyprus
Local Representative Requirements
Local authorized representative required for service
Marketing Restrictions
Must follow NBA’s Code of Advertising; advertising must be fair, not target minors, and not be misleading
Responsible Gaming Measures
Deposit and stake limits, access to betting history, regular "reality checks"
Self-Exclusion System
Mandatory access to the National Self-Exclusion Platform for players
Age Verification Procedures
Mandatory, all players must be over 18; enhanced checks for individuals appearing under 25
KYC Procedures
Enhanced KYC, including ID, address, and player verification before registration or betting
Customer Support Standards
Greek language support mandatory; customer support contact required
Complaint Handling Procedures
Formalized complaint process must be in place for player issues
Player Funds Protection
Segregation of player deposits; player fund protection policy enforced
Payout Timelines
Prompt payouts required; detailed payment timelines in operator’s T&Cs
Bonus and Promotion Regulations
Must comply with NBA’s advertising and responsible gaming policies
Permitted Games List
Sports and event betting only; all forms of online casino, poker, slots, bingo, and horse racing betting excluded
Betting Limits
Mandatory minimum and maximum betting and deposit limits required
RTP Requirements
Not specified for betting; applies to other gambling types, not covered by sports betting
Jackpot Regulations
Not applicable – no progressive jackpots for sports/event betting
Live Game Requirements
Live betting on sporting events permitted within regulated scope
Mobile App Compliance
Mobile/web platforms must meet same technical, responsible gaming, and KYC standards as desktop
Affiliate Program Rules
Affiliate marketing allowed, but affiliates must comply with NBA marketing code
Security Standards
Must comply with NBA security policy and best practice standards
Encryption Requirements
SSL/TLS mandatory for data in transit
Backup Requirements
Backup server/data system in Cyprus linked to NBA systems
Monitoring Systems
Real-time operation monitoring and reporting to the authority
Operation Logging
Logging of all transactions and player activity required
Anti-Fraud Systems
Systems for fraud detection, transaction monitoring, KYC controls
API Integration Standards
Technical API for reporting to NBA required
Hosting Requirements
Main platform hosting and backups in Cyprus
CDN Usage
Not specified
Scalability Requirements
Must ensure scalability for reliable player access
Uptime Requirements
High-availability service required; specifics depend on platform and provider
Technical Support Availability
24/7 technical infrastructure support required
License Duration
1 or 2 years per term, renewable
Renewal Procedure
Renewal application and relevant fee before my expiry
Penalties for Non-Compliance
Suspension, revocation, and administrative fines under NBA rules; possible criminal prosecution for serious breaches
Ownership Change Rules
Notification to NBA and approval required for significant shareholding changes
Mergers and Acquisitions Rules
Authority notification and approval needed for corporate restructurings
Subcontractor Regulations
Third-party service providers must comply with all standards; NBA must be notified
Branding Requirements
Licensee must display NBA license info and responsible gaming messages on site
Intellectual Property Protection
Must comply with local and EU IP laws
Dispute Arbitration
Handled under Cypriot law; NBA mediation and local courts
Insurance Requirements
Not explicitly specified for license; business liability insurance recommended
Charity Contributions
Contribution tax (3%) supports state, sport federations, and social causes
Staff Training Requirements
Mandatory regular staff training in responsible gambling and AML
Innovation Support
NBA encourages tech improvements for compliance and player protection
Sustainability Initiatives
Operator commitment to social and environmental responsibility promoted
Accessibility Standards
Must provide accessibility for people with disabilities where feasible
Multilingual Support
Greek required; additional languages optional
Cryptocurrency Support
Not permitted under current NBA regulations
Esports Betting Regulations
Permitted only as regulated event betting if compliant with NBA rules
Fantasy Sports Regulations
Not covered under sports betting license
Official Address
Digeni Akrita 83, 1070, Nicosia, Cyprus
Fax Number
22605043
Online Application Portal
https://nba.gov.cy/en/regulated-entities/application-forms/
Work Hours
08:00–15:00 (Monday to Friday)
Facebook URL
https://www.facebook.com/NBACyprus/
Twitter/X URL
https://twitter.com/nbacyprus
YouTube URL
https://www.youtube.com/channel/UCZKI1bURkKUlePgZxy33R2gQ
Departments
Licensing, Audit and Compliance, Legal, Operations, Safer Gambling, IT & Technical
FAQ Question 1
What is Cyprus National Betting Authority (NBA) Class B Sports Betting Licence?
FAQ Answer 1
The Cyprus NBA Class B Sports Betting Licence authorizes online operators to provide regulated sports betting and event betting services (excluding casino, poker, slots, and horse racing) to players in Cyprus and internationally. It is issued by the National Betting Authority and governed by strict compliance, responsible gaming, and technical requirements.
FAQ Question 2
Which jurisdiction issues Cyprus National Betting Authority (NBA) Class B Sports Betting Licence?
FAQ Answer 2
The license is issued by the Republic of Cyprus through the National Betting Authority (NBA).
FAQ Question 3
What is the cost of obtaining Cyprus National Betting Authority (NBA) Class B Sports Betting Licence?
FAQ Answer 3
The license costs €30,000 for a one-year term or €45,000 for two years, with an additional €550,000 financial guarantee required.
FAQ Question 4
What are the main requirements for Cyprus National Betting Authority (NBA) Class B Sports Betting Licence?
FAQ Answer 4
Main requirements include registering a Cyprus company or branch, minimum €500,000 share capital, €550,000 bank guarantee, KYC and AML policies, GDPR compliance, technical certification, responsible gaming tools, and compliance with all NBA regulations.