Jurisdictions · 4 licences
Four jurisdictions.
One clear upgrade path.
ICOS covers the full spectrum — from fast offshore licences that get you to market in weeks, through to the EU-regulated MGA licence that unlocks European passporting. Below: the detail for each, plus a side-by-side for the scanners.
01 / JURISDICTIONPremium
MGA
EU-regulated licence — the gold standard for European iGaming.
Read the MGA briefingBest forOperators at scale needing EU passporting, PSP access, and affiliate trust.
Typical timeline5–8 months
FACT 01
4–6 month timeline
FACT 02
Requires local substance
FACT 03
Key Function holders + technical audit
02 / JURISDICTIONMid-tier
Curaçao
Newly reformed under the LOK framework (December 2024).
Read the Curaçao briefingBest forOperators targeting markets that require a more established jurisdiction; B2B providers.
Typical timeline4–6 months
FACT 01
Reformed Dec 2024 under LOK
FACT 02
B2C and B2B now separated
FACT 03
Local substance requirements incoming
03 / JURISDICTIONEntry
Nevis
Offshore licence from the Nevis regulatory authority.
Read the Nevis briefingBest forOperators wanting an alternative offshore footprint with a different political and tax profile.
Typical timeline8–12 weeks
FACT 01
4–6 week approval
FACT 02
Similar cost profile to Anjouan
FACT 03
Recognised Caribbean jurisdiction
04 / JURISDICTIONEntry
Anjouan
Offshore licence administered by the Anjouan Licensing Authority.
Read the Anjouan briefingBest forEarly-stage startups, operators seeking fast market entry, grey-market operators regularising.
Typical timeline4–8 weeks
FACT 01
3–4 week approval
FACT 02
0% GGR tax
FACT 03
Annual regulator fee ~€17,000
05 / COMPARISONScan in 10 seconds
Side by side.
Attribute
Anjouan
Nevis
Curaçao
MGA
Cost (Y1 Total)
from €27,828
from €41,200
from €41,000
from €47,000
Timeline
4–8 weeks
8–12 weeks
4–6 months
5–8 months
Complexity
Low
Low
Medium
High
Target operator
Early-stage, fast entry
Jurisdictional diversification
Established, B2C + B2B
At scale, EU passporting
Tax / GGR
0% GGR
0% GGR
Per LOK
5% GGR
06 / Not sure which?