The Isle of Man is one of the most attractive jurisdictions for establishing online gambling business. The Isle of Man was the first among the offshore States to include the regulation of e-gambling in its Laws (2001) and had substantially improved the legal framework over the past years. The Isle belongs to the British Crown. This is a prestigious jurisdiction providing a favorable environment for the operation of most contractors and banks all over the world.
The Gambling Supervision Commission closely monitors the respect for the rights of players. Online casinos registered in the Isle of Man have a good reputation worldwide. Other benefits provided by the Isle of Man include:
The operation of firms associated with e-gambling is taxed at rates ranging from 0.1% to 1.5% (depending on profit – the smaller the profit margin, the larger the contributions). There are separate charges for the sweepstakes – 15% of a pool. The licensing of online casinos in the Isle of Man costs £1,000. A company has to pay an annual fee amounting to £35,000 for the renewal of a primary license and £5,000 for a sublicense.
To get a permit, you must:
It is easy to start a profitable and legal online business with the assistance of professionals from Prifinance. We provide services for the company registration and operation in all popular jurisdictions.