Gambling Webhosting and Licensing

Monday, 30 September 2013

Online gambling - jurisdictions - Aland Islands

Aland Islands gambling licenses

The Åland Islands are a region of Finland that consists of an archipelago lying at the entrance to the Gulf of Bothnia in the Baltic Sea.

PAF are an Åland Island company, licensed and controlled by the local Åland government and were founded in 1966 by charities. Their profit goes to good causes. They operate online on land and on the sea, having built their reputation on safety and responsibility. PAF employ over 350 people across Europe, they develop their own unique games.

Corporate tax: 20%
Gambling tax: In accordance with corporate tax rate.


Who manages E-Gambling in Aland Islands?
Online gaming in the jurisdiction is licensed exclusively to the publicly owned, charitable gaming company Ålands Penningautomatforening, also known as PAF. PAF operates under the supervision of the government of Åland Islands and all revenue is used for charitable causes. Although PAF holds a gambling monopoly on the Åland Islands, it provides turnkey eGaming websites with operational services to other companies through its B2B gaming operations.  In June 2012, PAF was granted one of the first poker operator licenses in Spain for the launch of the PAF.es website offering poker on the Ongame Poker Network.

Overview:
Ålands Penningautomatförening or PAF is a Finnish company that operates a legal gambling monopoly on the Åland Islands, Finland. PAF also has an Internet-based gambling and gaming operation, in addition to operating and maintaining casino and gaming activities on a large number of cruiseferrys. The purpose of PAF is to generate funds for humanitarian and social causes on the Åland Islands.


Minimum Share Capital for a PAFPartner Company:
€0-3

Security Requirements / Indemnity for Player Deposits:
A variety of mechanisms are acceptable commensurate with the Business Plan and commercial performance of the operator.

Licence Fee:
€70,000 per year in lieu of all taxes (currently under review with a view to reducing the cost for start-up/smaller operators).

Licence Length:
One year

Software Testing Requirements:
Yes, technical standards are published by AGCC.

Reporting Requirements to Regulators:
Periodic financial reports are required.

Anti-Money Laundering Policy:
All operators must comply with AML legislation in force.

Country Restrictions:
No restrictions

Contact Details:
Paf - Head office
Lövdalsvägen 8
Pb 241
AX-22 101 Mariehamn
Åland, Finland
Tel: +358 20 7910 600
Fax: +358 18 22 030
E-mail: info@paf.com
www.paf.com
Business ID: 0280695-6

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