Isle of Man Gaming License
The Isle of Man is a self-governing British Crown dependency located in the Irish Sea. While not part of the European Union or Commonwealth, the Isle of Man has established itself as an offshore banking and financial services center. The small island nation offers zero taxes on corporate income, making it attractive to multiple, large international holding companies.
The Isle of Man has fiercely protected its offshore services industry. This has included both its banking and online gambling sector. As a result, an online gambling license issued by the Isle of Man is known worldwide as one of the premier licenses for an operator to have obtained.
The Isle of Man is an ideal jurisdiction for an offshore online gambling license. With an extremely favorable zero tax regime and a universally accepted and regarding license structure, many notable online casinos, lotteries and sportsbooks now call the Isle of Man home. While offering one of the more strict regulatory regimes, operators and players alike are drawn to the Isle of Man’s online casinos.
Advantages of an Isle of Man Gambling License
The global gambling industry generate revenues in excess of $500 billion annually. The streamlined and cost-effective process of obtaining a Isle of Man Online Gambling License can grant you access to this extremely lucrative market in a matter of mere months. As an increasing number of jurisdictions begin to legalize and regulate gambling, Isle of Man nevertheless remains a premier destination for obtain an offshore gambling license.
Isle of Man Gambling License at a Glance
|License||Online Gambling License|
|Time to License||4 to 5 Months|
|Tax Structure||Effective Rates Approaching Zero (0%) Percent|
|Local Directors||Two (2)|
The Isle of Man Gambling License Package
- Establish Isle of Man private company limited by shares
- Preparation and drafting of shareholder and officer agreements.
- Preparation and drafting of narrative business plan
- Preparation and drafting of current financial statements.
- Preparation and drafting of 3 years financial projections.
- Preparation and drafting of personal financial statements for owners.
- Preparation and submission of application with IOM Gambling Supervision Commission.
- Preparation and drafting of responses to regulatory authority.
- Identification and engagement of auditor and surety bonding company.
- Facilitate opening of bank accounts and payment processors.
- Preparation and drafting of AML/KYC policies and procedures.
- Preparation and drafting of client agreements and disclosures.
Contact the Isle of Man Gambling License Experts
Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the offshore gaming license experts at FinLaw to begin the process of obtaining your Isle of Man gambling license today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.