SEPARATING PLAYER FUNDS
When applying for a license to operate an online gambling company in the Netherlands, operators may face challenges navigating the local corporate landscape and encountering resistance from local parties to enter into agreements. One of the critical requirements for a Dutch license is separating player funds from the operator's own capital, which can be problematic if operators cannot establish a relationship with a bank licensed to operate in the Netherlands.
To address this issue, our experts in Amsterdam provide operators with a solution: a Third Party Funds Foundation. This option meets all the requirements for separating player funds. Our team incorporates the foundation, opens bank accounts, provides daily management and corporate solutions, and connects operators with local partners for audit services, legal advice, and tax assistance.
Separating player funds from an operator's risk bearing capital is subject to strict regulations set by the KSA, the Dutch gambling regulatory authority. While several options are available, most require the involvement of a licensed bank in the Netherlands, which may not always be feasible. Our third-party funds' foundation complies with KSA regulations and is available to all licensed operators, providing a sophisticated solution.
We provide everything from an address and management to supervisory board candidates, annual audits, bookkeeping, filings, and necessary registrations with tax authorities and the chamber of commerce. This allows us to run the foundation independently from the license holder, following KSA requirements. Additionally, we supply all necessary documentation for separating player funds during the application process, including a Dutch description, factual findings report from a Dutch (external) accountant, draft articles of incorporation and a proven management agreement.
Our foundation operates on a weekly confirmation system that satisfies KSA directives. As a licensed trust office in the Netherlands, we handle all aspects of the foundation, making separating player funds easy. Simply send us a weekly overview of outstanding funds, and we will take care of the rest. This hassle-free option enables you to show adherence to KSA rules effortlessly.
Contact us today to discuss your specific needs and learn how we can support your business in meeting the requirements established by the Netherlands Gambling Authority. Together, let's build a strong foundation for your online gambling enterprise and pave the way for a prosperous future.
Creating a safe and responsible online gambling environment is paramount. Our solutions include assisting in the development and implementation of addiction prevention policies, and ensuring that your clients are protected from potential harm. We work closely with operators to establish comprehensive policies, taking into account the dangers associated with remote gambling and online casino games.
Our expertise extends to financial guarantee arrangements, where we help operators understand their financial obligations and prepare the necessary documents to satisfy the requirements of the Remote Gambling Act. We guide you through the application procedure, ensuring that all relevant provisions are met and that your guarantee adequately covers the risks involved.
In today's globalized society, outsourcing has become a common practice. However, it is essential to comply with the outsourcing policy specified by the Netherlands Gambling Authority. We ensure that your outsourcing practices align with the guidelines, minimizing integrity risks and guaranteeing the utmost protection for players.
We offer a range of solutions to ensure you comply with Dutch online gambling rules. From regulatory advice and audits to risk assessment and internal control database development, our experts are equipped with the knowledge and expertise to support your business effectively.
We understand that as a license holder in the Dutch online gambling market, your success depends on your ability to comply with the stringent guidelines established by the KSA. We deliver practical solutions and expert guidance to ensure that you stay ahead in this competitive industry.
Maintaining the highest standards of ethics is vital for any online gambling business. We will develop and implement a policy that safeguards your players' interests. From preventing addiction to combating fraud, we help you create a secure environment where players can enjoy online games with confidence
Understanding the intricacies of Dutch online gambling law is essential to your success. Our knowledgeable experts explain the provisions and requirements outlined in the Remote Gambling Act, ensuring that you are fully informed and capable of meeting your obligations as a license holder. We guide you through the submission process, explaining every step and assisting with the necessary documentation.
In the world of online gambling, money matters are crucial. Our experts assist you in navigating the complex landscape of payments, taxes, and financial reporting. We provide clarity on the costs associated with running your business, helping you make informed decisions while ensuring you are compliant with the laws and guidelines of the country.
The Dutch online gambling market is dynamic and ever-evolving. To secure a thriving future, you need to adapt and anticipate changes. We keep a watchful eye on industry trends and regulatory developments, providing you with strategic insights and guidance. With our assistance, you can position your business for growth and success in the rapidly changing landscape.
Running an online gambling business requires knowledge, expertise, and a commitment to be compliant. We have the experience and resources to help you navigate the challenges and seize the opportunities in the Dutch online gambling market. With our practical solutions, integrity-focused approach, and dedicated experts led by Kees Jan Avis, you can stay ahead, gain a competitive edge, and achieve long-term success.
