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Gaming Licences >
Regulated Jurisdictions
> Isle of Man
Isle of Man iGaming Licences
General
Information: |
Isle of Man is a British crown
dependency since 1765, but is not part of the UK or of the European Union.
However, the UK Government remains constitutionally responsible for its
defence and international representation. |
Currency: |
Manx pound (M£) |
Language: |
English, Manx |
Human Capital: |
Highly educated workforce; IT
focused; multi-lingual |
Living Conditions & business facilities: |
High standard of living;
relatively low cost; reliable and efficient network of airline operators;
relatively cheap office space; good health services; excellent education |
Characteristics of the isle of man
Remote Gaming Licence
Regulatory Body |
Gambling Supervision Commission |
Type of Licenses: |
1. Full-licence
Operators with a full licence can offer technology to sub-licensees under
the reduced-fee sub-licence scheme
Not all online gambling requires a licence. The following activities need
not be licensed:
a. UK or Isle of Man National lottery
b. Gambling covered by a Betting Office licence
c. Gambling covered by a casino licence
d. Spread betting
e. Activities defined by the Insurance Act 1986
f. Offering pure free-play games
g. Games of pure skill
2. Sub-licence |
Gaming Tax: |
1.5% tax on gross gaming yield
up to £20,000,000
0.5% tax for gross gaming yield
of £20 million p/a, but not exceeding £40 million p/a
0.1% tax for gross gaming yield
exceeding £40 million per annum |
Government Aapplication &
License Fees: |
Licensing application fee is
£1,000. The annual license fee for a betting site is £35,000
Sub-licensed cost £5000 |
Type of Company: |
Must be a Manx company with a minimum of 2
local directors (individuals and not corporate entities) |
Company Taxation: |
Corporation tax is 0%, provided
the site does not accept bets from Isle of Man residents |
Validity of Licence |
5 years |
Estimated time-frame to obtain a
licence |
Typically an application is
processed within 10-12 weeks |
Restrictions on jurisdictions
vis-à-vis wagers |
The decision rests with the
operator. The Gambling Supervision Commission may ask for confirmation that
independent legal advice has been taken if they have a concern about a
specific target market |
Reporting requirements |
Access to the business, its
systems and audited accounts when requested by the Gambling Supervision
Commission |
Bandwidth provision
Internet Connectivity |
A wide range of SLA guaranteed
Internet Bandwidth, Private Circuit and MPLS connectivity solutions are
available and provided over two resilient fibre optic rings and one point to
point cable |
Financial Services
Payment Gateway |
EuroConsulta can assist e-gaming operators in
obtaining
e-payment solutions for collecting funds and paying winnings. |
Gaming Licences >
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Isle of Man
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