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|Betting Without A Swedish License by garrettmay567: 12:27pm On Nov 26, 2021|
There are many ways to get pleasure today, and a common method that is widely explored is playing games online. Today, you’ll find many players playing no different Swedish betting sites. However, while some of these sites have licenses, many are still without a license. What’s more is that a vast majority of people who play online prefer betting utan svensk licens.
There are many reasons why people opt for sites that lack a Swedish license. Among these include the competitive disadvantage with Swedish companies, which is more compared to foreign companies. Also, it is important to note that the restrictions of the Swedish Gaming Act on deposits and bonuses is strict, and as such, companies without the Swedish license have more freedom, and they can offer amazing bonuses to players.
When looking for tips and ways to select a site to play, you’ll find many people telling you to avoid sites that do not have a Swedish license. You’ll also hear people say these sites are not serious, but this is not completely true. What you should note is that it is safe to play in sites with a license because they are under the regulation of the Swedish Gaming Inspectorate.
As mentioned earlier, there are some strict rules to abide by, particularly with respect to the benefits that players can get. In most cases, the licensed betting site does not issue more than a bonus to players. This includes other financial benefits that players can get. This is different for unlicensed sites because they are not bound by these laws.
Contrary to the popular opinion that sites without Swedish licenses are unserious sites, there are many other jurisdictions that provide gaming licenses to companies. Themost commonly used option is Curacao and the Malta Gaming Authority. One important thing to note about the foreign licensing authority is that you’re not liable to pay any tax on winnings over SEK 100 if the license wasn’t issued in the EU or EEA.
Swedish License or Not?
- 18% tax is paid on winnings to Sweden by Swedish gaming companies. However, for foreign companies, there’s no need to pay to Sweden; rather, these companies pay their taxes to the jurisdictions where they got their license.
- It is only in rare cases Swedish companies offer players more than one bonus. However, for foreign companies, players can receive multiple bonuses.
- Not all foreign bonuses are serious, and for some, you may need to check before you play. However, all the bonuses from Swedish companies are serious.
- You’ll always get tax-free winnings with Swedish sites. For foreign sites within the EU, players are provided with tax-free profits. Foreign sites with licenses outside the EU or those without a license are liable to pay only 30% tax.
Sites today usually have a gaming license, but there are still several sites without a license at all. Such sites are not bound by any rules, and you can also play on these sites and enjoy your game. However, you’ll need to do this with care.
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