Gambling Webhosting and Licensing

Wednesday, 20 September 2017

Online gambling - Jurisdictions – Bosnia and Herzegovina

Bosnia and Herzegovina Gambling Licenses

Bosnia and Herzegovina, is a country in Southeastern Europe located on the Balkan Peninsula. Sarajevo is the capital[1] and largest city.[5] Bordered by Croatia to the north, west, and south; Serbia to the east; Montenegro to the southeast; and the Adriatic Sea to the south, with a coastline about 20 kilometres (12 miles) long surrounding the city of Neum.

Corporate tax: 10%
Gambling tax: TBA%


Who manages E-Gambling in Bosnia?
The “Republicka Uprava Za Igre Na Srecu” (RUIS), which is the gaming regulatory board under the Ministry of Finance at Republika Srpska (an entity of Bosnia and Herzegovina)

Overview:
In January 2011, Republika Srpska granted the first Internet gaming license to WILLIAMS, a land-based bookmaker and slot hall operator. WILLIAMS’s online gaming site WWin (wwin.ba), offers sports betting and casino games to players throughout the region. Any player that is not registered or does not have an account in a bank within Republika Srpska will be banned.

To ensure winnings payout, organising games of chance fees, and other liabilities can be paid, an Internet games of chance organiser must have a dedicated deposit in the amount of 1.000.000 KM at the bank with a seat in Republika Srpska during the permission period or a banking guarantee in that amount. Consent for activating a banking guarantee for winnings payout is issued by the Board. If activated, the organizer is obliged to renew the banking guarantee within a maximum of 30 days.

Organisers must pay a fee in the amount of 4% of the basis, which consists of total stakes minus total winnings.


Licence Fee:
200.000 KM is paid for permission to organise Internet games of chance.

Licence Length:
TBA

Software Testing Requirements:
All equipment must be located in the territory of Republika Srpska, which refers to hardware and software used by players to participate in games of chance through the Global Internet Network (GIN); Internet games of chance organisers must ensure functional IT equipment which enables connection with the Board's IT system for supervision and control of financial activities

Contact Details:
Address:
The Ministry of Finance of the Federation of Bosnia and Herzegovina
Mehmed Spahe 5
Sarajevo
Bosnia and Herzegovina
Website: www.fmf.gov.ba
Email: info@fmf.gov.ba
General Information: +387 33 253 400

Online casinos licensed in Bosnia:
WWin

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