Montenegro is all set to enter the field of online gambling by January 2012 thanks to the e-gambling legislation that was passed earlier this year. The services that they will offer would include providing licenses, financial service and hosting facilities for operators of online gambling.
The factors that have given this nation the advantage would include its stability, EU candidacy, its friendly atmosphere that is also flexible and the online casino gambling regulations that are liberal yet manages to meet the standards of the European gambling laws.
According to the statement from the licensing authority of the nation the gambling jurisdiction would include low tax of 9 percent which will serve both as corporate and personal tax. Online casino operators will not require to have a minimum capital while applying for licenses and the fact that the registration process takes just two days has come as a big relief for the online casino operators who are seeking license from this nation. The major advantage that the online casino operators will have here is that the entire licensing process will be completed within a week.
Online casino operators will be able to set up an online gambling facility from any part of the world, obtain a license, create a bank account and server hosting with record timing.