This state sets favorable casinos licensing terms. It has a convenient taxation system, an easy application process and a favorable business environment. Most of Maine’s GDP is offshore gamble establishments. Therefore, gambling license in Isle of Man is opportunity to become part of well-developed gamble community, which provides many opportunities for companies registered within its borders.
It’s located off northwest coast of Great Britain, bordering with Ireland. This territory is dependent on British crown, but is self-governing. At the same time, both local laws and some British ones apply here.
Benefits of getting gaming license in Isle of Man in 2023
Isle of Man gaming license obtaining offers many advantages. Brexit had little effect on the industry, as the island was never considered part of Europe. In addition, despite the fact that the EU did not fund the territory, Maine received certain benefits from being considered part of the customs zone of Europe. Some enterprises have moved or opened offices in other states, but island is still open for launching new enterprises organizing and promoting virtual casinos.
- First class infrastructure.
On state territory, a competent and well-functioning infrastructure is debugged and organized. The mobile network and the Internet work very quickly and efficiently. Online casinos, in turn, work together with local businesses. Also, employees speak English fluently, have relevant education and expertise in gamble field. It makes it possible to select employees on the spot, which minimizes investment.
- Financial benefits.
The island has a very competitive fiscal structure. Corporate tax ratio for establishments possessing Isle of Man gambling license, equals zero. Also, local governmental apparatus has set a gamble tax for all casinos, from 0.1% to 1.5% of the gross profit from games, and not on the total turnover of company. Licensed organizations are also eligible to enjoy 0% income tax.
- Great image.
Casino license in Isle of Man, as an internationally accepted permission, and the regulatory body, as a supervisory agency, have an excellent international reputation. The latter set rather high standards and provided guarantees of accordance with all norms. Island is in OECD White List and is an active member of the World Trade Organization. It improves jurisdiction for launching casino establishments. Also, any peripheral gamble activities, such as advertisement promotion, intellectual games and soft, can be located on the territory and act without the need for additional licensing at the legislative level.
- Simplicity of procedure.
Applying for gamble permission is quite simple there. There’s 1 permission that covers all local gamble structures. Procedure lasts 3-4 months. Only caveat is collection and preparation of sufficiently extensive package of documents.
- Stability.
Stability is ensured there both in terms of political field, and in economic terms. A firm that decides to get such permission can take full advantage of the favorable local environment and favorable conditions. Local authorities monitor this area of activity and contribute to its constant development.
Isle of Man gaming license cost
Expenses needed for betting license in Isle of Man, as in other countries, depend on many factors. The price of this permit depends on enterprises’ needs and the services organization is going to offer.
For everyone who wants to be placed on the UK stock market, this island should be considered, however, it is not lucrative to open a small commercial project and launch startups here. However, gamble firms are offered best conditions for establishment and certification, and profitable solutions meeting the needs of businesspersons.
How to get Isle of Man gaming license: main requirements
Permission requires preparation of next-mentioned documents:
- a certificate of non-conviction, which was issued no later than 3 months before the application was submitted;
- a copy of the passport approved by a notary;
- banking account statement issued no later than 3 months before documentation submission;
- utility bills copies;
- an accurate description of the content to be offered;
- step-by-step plan of commercials;
- confirmation of use of RNG and its correctness (third-party verification);
- a precise details as for soft to be used and TST-reports (or equivalent), if exist;
- target audience;
- servers.
Documentation for Isle of Man online gaming license needed to be in English and have a date of issue no more than 3 months. If the documentation is not in English, translations verified by notary are required.
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