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GAMING
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Online Wagering and gaming licenses are issued as it were to Yap State companies, but permit a company to lock in as numerous distinctive sorts of online betting advancements and beneath as numerous distinctive brand names or web addresses as craved. Nearby candidate executives are satisfactory if required.
A settled charge per year is charged. The Server may be found anyplace in the world, and benefits may be cleared through any bank.
Betting and Gaming Law
The Wagering and Gaming Act 2005 was passed to sanction and control computer web gaming, horse or greyhound wagering and sports book wagering, Casino, lottery and bingo online gaming, to set up a Gaming Board, and to give for related or coincidental matters.
Formation
The arrangement of an Online wagering or gaming company has to be made on the application frame as stipulated in the act and the fundamental KYC and due constancy records as underneath to the Yap State Ltd and Gaming Board of Yap State. The Gaming Board of Yap State will at that point evaluate the application of the Chiefs and shareholders some time recently, grinding the consent for the license.
KYC AND DUE DILIGENCE
Please yield the taking after archives for each of the advantageous proprietor, chief, director, approved signatory, shareholder/member of the Substance or operator beneath control of attorney.
(a) For Individual
A certified duplicate of visa or current driving permit or national character card appearing the title, date and put of birth, nationality, signature of holder and information of issue/expiry. The archive must be certified by an investor, attorney or statistician or public accountant or bookkeeper holding a recognized proficient qualification.
Proof of private address. Satisfactory proof incorporates a unique utility charge, bank or credit card statement.
Original Bank Reference
Certificate of Profound quality (Affirmation affirming that the people have no criminal track record).
(b) For Corporate/Partnership
Certificate of joining or enlistment and the remainder and articles of affiliation or structure or deed of association or Act de Soci? as the case may be. Report has to be certified by a financier, legal counselor or statistician or legal official or bookkeeper holding a recognized proficient qualification.