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 / 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.
Application fee, from€7,500
Monthly retainer€800
Estimated Y1 all-in€27,400–28,000
Typical timeline3–4 weeks
PSP / banking acceptanceLimited
FACT 01
3–4 week approval
FACT 02
0% GGR tax
FACT 03
Annual regulator fee ~€17,000
02 / 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.
Application fee, from€7,500
Monthly retainer€800
Estimated Y1 all-in€41,900
Typical timeline4–6 weeks
PSP / banking acceptanceLimited
FACT 01
4–6 week approval
FACT 02
Similar cost profile to Anjouan
FACT 03
Recognised Caribbean jurisdiction
03 / 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.
Application fee, from€9,500
Monthly retainer€1,000
Estimated Y1 all-in€60,000–100,000+
Typical timeline8–14 weeks
PSP / banking acceptanceBroad
FACT 01
Reformed Dec 2024 under LOK
FACT 02
B2C and B2B now separated
FACT 03
Local substance requirements incoming
04 / 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.
Application fee, from€14,000
Monthly retainer€1,200
Estimated Y1 all-in€65,250–94,250
Typical timeline16–24 weeks
PSP / banking acceptanceFull EU
FACT 01
4–6 month timeline
FACT 02
Requires local substance
FACT 03
Key Function holders + technical audit
05 / COMPARISONScan in 10 seconds
Side by side.
Attribute
Anjouan
Nevis
Curaçao
MGA
Cost (Y1 all-in)
€27,400–28,000
€41,900
€60,000–100,000+
€65,250–94,250
Timeline
3–4 weeks
4–6 weeks
8–14 weeks
16–24 weeks
Complexity
Low
Low
Medium
High
PSP acceptance
Limited
Limited
Broad
Full EU
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?