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International corporate law
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS OPENING A BANK ACCOUNT FOR A GAMBLING BUSINESS

Taras Miroshnychenko

Head of International Corporate Law and Fintech Practice

E-mail

miroshnychenko@prikhodko.com.ua

Phone numbers

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

OPENING A BANK ACCOUNT FOR A GAMBLING BUSINESS

Opening a corporate bank account in Europe can seem like a maze of complexity, especially for businesses classified as high-risk.

However, there is a solution that could revolutionize the process of opening a corporate account in European countries: master the world of multi-currency corporate accounts offered by EMI (Electronic Money Institutions) and other fintech services. Using the power of these innovative banking solutions, navigating the intricate web of European transactions becomes easy.

For those in the exciting world of online gaming such as online casinos, poker platforms, lotteries, etc., obtaining a gaming license requires two basic financial services to be successful:

bank account or
Online game seller account and payment gateway.

Due to a lack of understanding of the online gaming industry and its rules, many traditional banks shy away from opening accounts for e-gaming companies. These financial institutions often set conditions before providing access to their services.

Reach out to Prikhodko’s dynamic team and partners with over five years of experience helping clients with their online gambling business. With our help, rest assured that we will offer a secure, customized solution that meets your needs.

Required documents depend on the country of registration.

The most typical requirements are:

company registration confirmation
certificate and charter
register of companies with information about shareholders and directors
documents to identify directors, senior executives and major shareholders (usually owning 10% or more of the property)
Proof of company address (e.g. utility bill)

Some banks may further verify the company’s application, requiring additional documentation to verify sources of funds and beneficial ownership among other details.

Benefits of opening an account

First, it gives you full control over all incoming payments. You can view all your transactions and generate detailed transaction reports.

Secondly, it ensures the security of payments due to advanced customer identification and transaction authorization technologies used by banks.

Thirdly, it allows you to accept payments directly from bank cards, increasing competitiveness and expanding your customer base. In addition, the merchant account offers minimal credit card processing fees and adequate refund fees.

Remember: banks always do KYC (know your customer) verification and may ask for additional information. By preparing the right documentation from the start, you will ensure that the process goes smoothly.

Let us help you and we guarantee your success on the first try!

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1 question

Do you need advice on opening a bank account for a gambling business?

Yes

2 question

Do you need help choosing a jurisdiction to open a bank account for a gambling business?

Yes

3 question

Do you need legal help urgently?

Yes

Successful cases on the topic: