Cyprus Class B Online Betting License

Cost boundary

The official fee is EUR 30,000 for a one-year Class A or B bookmaker's license and EUR 45,000 for a two-year license. The same fees apply to issuance and renewal. The fee is paid with the application; if the application is rejected, it is refunded less 25 percent. The applicant must also have at least EUR 500,000 in issued and paid-up share capital and provide a EUR 550,000 bank guarantee from a credit institution, valid until six months after the requested license expires. The NBA may require the guarantee to increase up to an amount covering 10 percent of annual turnover. Capital and the guarantee are not license fees, and the official sources do not publish one all-in price for legal, corporate, technical, banking, staffing, or implementation work.

Process timing

The official law, current NBA pages, and application material reviewed do not publish a standard decision deadline or guaranteed end-to-end processing time for a Class B application. The file covers the applicant and controllers, suitability, capital, guarantee, betting business, controls, technical system, Cyprus backup server, website, player accounts, and other evidence requested by the NBA. Any commercial estimate should be labeled as an advisor's estimate, not an NBA service level.

Tax / revenue model

A Class A or B bookmaker pays betting tax equal to 10 percent of net betting revenue for each monthly accounting period and a separate 3 percent contribution. The contribution is split between sports funding and safer-gambling purposes. The statutory net-revenue calculation is amounts paid in relation to bets minus winnings, subject to the detailed rules for credits, offers, and player amounts. Tax and contribution are due by the end of the following calendar month. The Cyprus Tax Department's current table states a 15 percent corporate income tax rate from 2026, up from 12.5 percent through 2025. Corporate tax is separate from betting tax and depends on the taxpayer's actual income and residence facts.

Applicant / local requirements

The applicant must be a company limited by shares incorporated in Cyprus or a company incorporated outside Cyprus that complies with Part VIII of the Companies Law. Its main activity must be managing bets, and issued and paid-up share capital must be at least EUR 500,000. A Class B applicant must install a backup server in Cyprus, connected in parallel to the main server, for the data and support system specified by the NBA. The licensed service may be offered only through specialized Internet addresses ending in .com.cy. Player money must be held separately in a special client account at a credit institution and fully backed against player-account balances. The reviewed law does not say that this account must universally be at a Cypriot bank.

Term / continuation

A Class A or B bookmaker's license is valid for one or two years, according to the application, and renewal uses the same EUR 30,000 or EUR 45,000 fee schedule. The EUR 550,000 guarantee must remain valid until six months after the requested license term ends and may be increased based on turnover. Renewal does not remove the capital, client-funds, reporting, tax, contribution, .com.cy, technical, player-protection, or backup-server obligations.

Cyprus's 2026 tax reform raised the corporate income tax rate from 12.5 percent to 15 percent from January 1, 2026. The gambling product boundary did not become a casino route: the current NBA register continues to identify Class B bookmakers and their .com.cy domains, while the Betting Law still excludes and separately criminalizes online casino services. Product, entity, domain, and license-register checks should be repeated before launch or renewal.