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The country’s legislation establishes requirements for the need to obtain a license for the right to conduct gambling business, both standard establishments and online casinos, therefore, obtaining a gambling license on the Isle of Man is a necessary procedure for carrying out gambling activities.
Without a document of the established form, it will not be possible to work in a legal and legally protected field, at any time the casino may be subject to closure with the imposition of penalties. Currently, there are companies that provide license acquisition services.
Eternity Law International is a full range of services for documenting a license, with preliminary free consultation on issues of interest in jurisdiction.
License: Obtained rights
When registering a license, the company is guaranteed to receive:
Business legalization provides transparency of financial transactions, the ability to enter into contractual relations with bookmakers, lottery establishments, etc.
Obtaining a license is a rather painstaking task that requires increased attention. You must first familiarize yourself with the conditions of different countries, since many jurisdictions are quite loyal to jurisdictions with offshore licenses. Initially, you need to obtain the following information:
The Commission for Supervision of the Legalization of the Gambling Business was established back in the 60s. She was mainly engaged in the control of the work of establishments, rates, gambling. Ensured the safety of the players, timely payments.
In 2001, a law was officially passed on the need to license online casinos.
At the moment, on the Isle of Man, the regulation on gaming through the Internet system is being observed, controlled by a special commission.
Functions of the supervisory commission:
Possibilities provided by the license
As mentioned above, the Isle of Man has a regulatory authority (GSC) that grants a license and accordingly legalizes:
Is it worth getting a gambling license on the Isle of Man?
Today the island is governed by United Kingdom legislation. Economically and politically stable country, providing loyal conditions for the formation of a casino, quick obtaining of the appropriate license.
The possibility of starting and phased development is provided, namely the registration of a general or sub-license. The sublicense provides an opportunity to work under the logo of recognizable, stable casinos.
As you can see, it is profitable to register and work in the gambling industry on the Isle of Man, since the UK is focused on loyal relationships that contribute to the development of casinos, incl. online, where a small package of documents is enough to launch the network.
Requirements for issuing a license
The supervisory authority GSC puts forward certain requirements for registration of a license:
Great Britain expects the owner of the enterprise to actually conduct business on the territory of the Isle of Man. The supervisory authority pays special attention to this factor, periodically conducting checks for the provision of reliable data.
When filling out an application during the consideration period, the applicant pays the stipulated state fee. More about taxation:
A package of documents for registration
Certain requirements are imposed for registration of licenses. In particular, on the Isle of Man, you must provide:
More information about the commission’s requirements can be found on the official GSC website.
Quickly issue and legalize
Eternity Law International provides services for obtaining and purchasing a license for an online casino, quickly and guaranteed to draw up the necessary documentation. Our lawyers will advise on further work in the gambling business. We are ready to assist in business development, acquisition of an operating casino.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.