At Itzitip Consulting, we specialize in providing comprehensive legal and compliance support for businesses looking to secure B2B and B2C online gambling licenses in Brazil.
Our team, in collaboration with experienced local partners, offers unparalleled expertise in navigating Brazil’s complex regulatory landscape.
The Brazilian online gambling market is undergoing significant changes, with new regulations and norms being published every few weeks by the regulatory body.
Here you can find the main official provisions: Click to visit (content in Portuguese)
Why Choose Itzitip Consulting?
Below, we’ll tell you why you should choose our consultancy for all legal and licensing matters in Brazil.
100% Reliable Local Partners
At Itzitip, we work with local partners in Brazil and other markets who have extensive experience in the sector and are thoroughly familiar with regulations and norms.
Expertise in Brazilian Gaming Regulations
With the publication of Normative Ordinance 827 on May 21, 2024, the Brazilian government has outlined the stringent requirements for obtaining sports betting and igaming licenses.
We stay abreast of all regulatory changes to ensure our clients are fully compliant and positioned for success.
Comprehensive Licensing Support
Our services cover all aspects of the licensing process:
- Application Preparation and Submission: We assist in preparing all necessary documentation, ensuring it meets the criteria set by the Secretariat of Prizes and Bets (SPA).
- Compliance Verification: Our team ensures your business adheres to all regulatory requirements, from corporate structure to financial health.
- Local Partnership Integration: Foreign companies must establish a local subsidiary with at least 20% Brazilian ownership. We facilitate this process, leveraging our network of local partners.
Key Highlights of Brazil’s Regulatory Framework
- License Duration and Fee: Successful applicants will receive a five-year license upon payment of a BRL 30 million fee (5.3 million EUR approx), allowing them to offer gambling services via three skins.
- Compliance Deadline: Operators must comply with the regulatory framework by December 31, 2024, or face penalties starting January 1, 2025 should they continue to operate in the country.
- Financial Requirements: Applicants must demonstrate financial stability, including a BRL 5 million reserve (895k EUR approx) and a detailed projected cash flow for the next two years.
- Technical Specifications: Compliance with Ordinance 722 for technical certification of betting systems, including offshore data center provisions.
Tailored Solutions for Your Business
Every business is unique, and our approach reflects that. We offer customized solutions to address your specific needs and ensure a smooth and efficient licensing process.
Whether you’re a local startup or an international operator, Itzitip Consulting provides the strategic guidance necessary to thrive in the Brazilian market.
Ready to Secure Your Gaming License in Brazil?
Contact Itzitip Consulting today to learn how we can assist you in navigating the complex regulatory environment and securing your gaming license in Brazil. Our experienced legal team and local partners are here to ensure your success in this dynamic and growing market.
With Itzitip Consulting, you gain a trusted partner dedicated to your success in the Brazilian gaming industry. Let us handle the complexities of legal compliance so you can focus on growing your business.
Contact us today to discuss how we can assist you in realizing your goals in the dynamic world of online gambling in Brazil.