Iudara

PT · Tier 1

Portugal

SRIJ Portuguese licence — fully regulated since 2015, tractable process, smaller market with high tax weight on betting.

At a Glance

Setup
€35K–€70K
Annual
€50K+
Timeline
16–24 weeks
Tax
8–16% GGR (casino) / 8–16% turnover (betting)
Markets
Portugal
Tier
1
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What works here

Opportunities

  • +Operators wanting a stable EU regulator with a tractable process
  • +Casino-led brands (turnover tax destroys margin on betting)
  • +Groups using Portugal as part of an Iberian dual-market play

What to watch

Watch-outs

  • !Sports betting taxed on turnover — economics rarely work
  • !Local Portuguese entity requirement
  • !Smaller market than Spain — standalone economics tight

Permitted Verticals

CasinoSportsbookPoker

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