SERVICES

We maintain close and direct relationships with our clients whilst providing a wide array of specialised services, including

MARKET STRATEGY

Once you are set up in a particular market, we provide on going legal advisory and compliance services to mitigate risk and ensure that your offering always remains on the right side of the relevant regulations. We also assume regulatory roles such as that of Compliance Officer and MLRO on an out-sourced basis, where the particular market requires this.

Igaming Colombia also provides legal services within the below practice areas:

  • Contract Drafting and Negotiation
  • Advisory related to Mergers and Acquisitions
  • Intellectual Property
  • Employment Law
  • Data Protection & Privacy
  • Dispute Resolution

Generally, we offer the full spectrum of Legal, Compliance and Advisory services to our I-gaming clients, making us a one stop shop for establishing and maintaining your affairs in LATAM.

LICENSING

If you are working in a Regulated Market, we are involved from the initial set up stage throughout the entire licensing process. Our services include:

  • Corporate set up, including drafting and filing of all applicable corporate documentation with the relevant commercial registry;
  • Introduction to bank and opening of bank accounts;
  • Preparation of Licence Application and Form Filling;
  • Drafting of internal policies and procedures;
  • Assistance with Business Plan;
  • Drafting of AML Documentation and Advisory regarding its Implementation;
  • Review of Concession Agreement;
  • Advisory regarding Technical Requirements for Obtainment of Certification;
  • Meetings with regulator for system reviews prior to go-live.

We offer this for all regulated markets in Latam as well as the MGA Licence, UKGC and Curacao.

Corporate Setup

REGULATORY UPDATES

The South American continent is quite fragmented as regards its regulatory approach to online gaming. Colombia has recently implemented European styled legislation, which makes it a beacon within the region. Other countries in Latin America are slowly following suit, however each region has different regulatory norms and processes.

We keep our clients up to date on regulatory developments within the region in order to give them a first mover advantage. We are close to regulators and governments and participate in consultation processes for the drafting of new laws and implementation of new products.

CONSULTATION PROCESSES

Igaming Colombia has participated in various consultation processes regarding new legislation both in Colombia and in other LATAM countries.

Examples of this include our presentation of regulatory comments before Coljuegos (the Colombian i-gaming regulator) as regards the widening of Colombia’s recently implemented Live Casino regulations as well as the presentation of legal findings as regards proposed laws related to Online Lottery and the commercialisation of traditional lottery products by means of the internet.

Consultation Process
Legal Advisory & Compliance

LEGAL ADVISORY & COMPLIANCE

Once you are set up in a particular market, we provide on going legal advisory and compliance services to mitigate risk and ensure that your offering always remains on the right side of the relevant regulations. We also assume regulatory roles such as that of Compliance Officer and MLRO on an out-sourced basis, where the particular market requires this.

Igaming Colombia also provides legal services within the below practice areas:

  • Contract Drafting and Negotiation
  • Advisory related to Mergers and Acquisitions
  • Intellectual Property
  • Employment Law
  • Data Protection & Privacy
  • Dispute Resolution

Generally, we offer the full spectrum of Legal, Compliance and Advisory services to our I-gaming clients, making us a one stop shop for establishing and maintaining your affairs in LATAM.

CORPORATE STRUCTURING & TAX

The various systems of taxation in South America are diverse and difficult to navigate. Moving funds from one jurisdiction to another can pose a dilemma unless the right structures are put in place beforehand. We provide corporate structuring and tax advisory services to ensure that the flow of funds to and from the region is carried out in the most optimal of ways. This includes:

  • Structural Advice
  • Corporate set-ups and management
  • Accounts-Audit
  • Advisory regarding withholding taxes
  • Advisory as regards transfer pricing
  • General on-going tax advisory services.
Tax Advisory
Software Providers

DISTRIBUTION

We have acted as resellers/distributors for Software Providers on multiple occasions in the region. We are directly in touch with i-gaming operators in LATAM and look forward to helping our Provider clients establish long standing relationships within this new market.

SETTING UP PAYMENT NETWORKS

Payments in Latin America are mostly retail based and operate by means of a hybrid land-based, online system. We are in touch with the major payment providers in Colombia and the Latin American markets. Talk to us to understand how we can assist you in setting up payment networks in the region.

Setting up Payment networks
Services - Igaming Colombia