The Isle of Man has established itself as the premier jurisdiction for the regulation and administration of online gaming companies, providing unparalleled benefits to those who choose to license their businesses in the island.
From a financial perspective, the Island boasts a low betting duty, 0% Corporation Tax, 0% Capital Gains Tax, and 0% Inheritance Tax, making it an attractive destination for businesses and individuals alike. Plus, with incentives available for staff moving to the Island and generous grant assistance for businesses looking to relocate or base their operations, the Isle of Man provides an environment that supports and fosters growth.
In terms of regulatory structure, the Gambling Supervision Commission offers a simple and clear licensing regime, with all verticals fitting under one licence and an uncomplicated fee arrangement. Operators can choose from relevant licences, including Network Licence, Full Licence, and Sub-Licence, as well as White Label activities. A Software Supplier’s Licence is also available, covering a range of activities.
The Isle of Man is renowned for its player protection measures and innovative regulatory approach, with recent developments including legislation allowing digital currencies and other digital assets to be used in gambling and the licensing of the world’s first blockchain betting operator. And with the Island’s world-class ICT infrastructure and reliable energy sources, businesses can enjoy a safe and secure environment for their operations.
With SolutionsHub’s team of industry veterans and ex-inspectors, businesses can expect support and guidance every step of the way.
