There is no doubt that Malta is the gaming headquarters of the world. Several factors lead to this advantage, including an economy stable enough to ward off financial crises, and the favourable tax environment. That is why it is the best place to start a gaming company, if that is your business vision.
However, if you are a foreigner, it might be quite challenging if you are not aware of the nitty gritty, from starting the registration to running the business. You will need to get professional help from people who have been there, and who have successfully guided others through the process.
The legal process might be quite complicated, which necessitates the use of knowledgeable attorneys. There are several things that need to be taken into consideration:
- The jurisdiction and the legal framework in Malta. Do your homework. You will also need to know how they operate and any changes that might arise during the course of the business.
- You will need a license. There are be several licenses that might be needed, and a knowledgeable attorney must be in a position to give advice about this.
- Advertising and data management is also very important. The gaming industry handles a lot of private client data, which needs to be managed carefully.
- The gaming industry is quite sensitive and a lot of disputes might arise. You will need someone to handle dispute resolution in case they do.
A good attorney should be experienced in all the above matters. They should have proper knowledge of the corporate laws in Malta and how to negotiate them. They should also be in a position to offer expert advice for the long term, and not only on how to start the gaming business.