All types of gambling activities are legalized in Portugal at the moment, including casinos, as well as lottery. The gambling industry in this country is thought to be very promising, being more relaxed from the legislation point of view when compared to other European jurisdictions.
As follows, ourcompany formation consultants in Portugal present a few key aspects related to gambling activities in Portugal.
In Portugal, gambling activities are regulated by the Gambling Regulatory Authority. This authority monitors, inspects and regulates land-based games of chance (casino games, bingo, slot machines and poker) and the online gambling (these are games of chance, pari-mutuel and fixed-odds horseracing bets and so on).
Games which are run by the state (lotteries, land-based pari-mutuel horse betting and others) are operated by the Santa Casa da Misericordia de Lisboa (SCML), through its Games Department.
Portugal is an extremely attractive business destination. And if you have decided on it for opening a company, we recommend you to contact our accountants in Portugal. They can take care of procedures related to bookkeeping, payroll, annual financial statements, tax registration, debt monitoring or tax minimization options. Contact us today to benefit from a free case evaluation and more.
When it comes to casinos and bingo halls, land-based gambling operators have to attend a public tender procedure in order to obtain a license.
Several licenses can be obtained, however, a license covers only a certain geographic area.
Our Portugal company formation advisors can provide more details on this type of license.
To be eligible for a land-based gambling license in Portugal, the operator has to:
Legal entities which are not registered in Portugal must have a branch in the country, too, in order to be able to obtain this type of license.
Our company registration agents in Portugal can assist entrepreneurs who are interested in opening a gambling company in Portugal.
Land-based gambling activities in Portugal, namely games of chance (casinos and bingo halls), have to respect the following restrictions placed on their customers:
If you need further details on the gambling laws and regulations in Portugal, or for help in setting up a company in Portugal, please get in touch with us.