Best Online Casinos in Timor-Leste - Top Games & Bonuses
Timor-Leste Online Gambling - An Overview
Timor-Leste is a small country in east Asia, located between Australia and New Zealand. Timor-Leste's taxation system is largely based on the tax arrangements of its many regional partners, though a percentage is required of the national income. The lack of legal certainty surrounding the offshore gambling sector in Timor-Leste makes it a difficult legal jurisdiction to locate or set up a casino in. Timor-Leste is a developing country, with a rapidly growing population and a wide range of potential investors. However, Timor-Leste appears to lack the expertise to set up its own online gambling website and has thus been forced to rely upon the casinos that have opened in other countries.
The following article is a concise overview of Timor-Leste's legal framework in relation to online gambling. It should be used as a guide only. The laws and regulations can change at any time. Online gambling has been illegal in Timor-Leste since 2020 but the current government has been lax in implementing its regulation and enforcement.
Online Gambling Laws and Regulations
Although Timor-Leste's government declared in mid-2020 that it would not interfere with the free market of the offshore banking industry and that it would respect the freedom of citizens to engage in online casino activities, the same promise has yet to materialize. Two months into his mandate, there are no regulations at all on the use of bitcoins or other virtual currencies at online casinos in Timor-Leste. There are no restrictions for international and new online gambling sites nor are there any plans to introduce such a law.
In spite of the lack of legal certainty around the subject, Timor-Leste seems to have accepted some degree of risk by allowing a small number of foreign-based casinos to operate there. However, Timor-Leste's government is wary about international casinos being run under fraudulent pretenses and has publicly promised to block any new establishments that want to open there. Therefore in this article, we would like to provide all necessary information to choose a best online casino with exclusive bonus and free games.