This is a popular legalisation option in the online market. Business owners are happy to work here, choosing a transparent permitting procedure, clear legislation, and a loyal fiscal burden.
The territory is located on the European continent, between Ireland and the UK. It is in the possession of Great Britain with its legislative system.
The jurisdiction is characterised by a reduced tax burden and a simplified procedure for registering companies. This attracts huge investments from all over the world and makes the Isle of Man a European business hub.
The state was one of the first to regulate the work of land-based casinos. A special regulator, GSC, was founded in the territory in 1962. For over 60 years, the legislature has issued hundreds of permits for stationary gambling halls.
Offline gaming is developing in close conjunction with tourism. Many architectural objects of the Middle Ages, attracting travellers from all over the world, are located on the island.
It has been possible to open licensed online casinos on the Isle of Man since 2001. At that time, the GSC adopted a special act for iGaming supervision. The document regulates the procedure for applying and outlines the principles of responsible gambling and other nuances of working in the gaming market.
In 2023, entrepreneurs can buy four types of Isle of Man casino licences. Each document covers all key online gambling areas:
Let us consider the types of documents:
It allows a businessman to manage any iGaming project on the Internet: a slot machine site, a bookmaker's office, a lottery portal, a bingo project, etc.
The Isle of Man’s gambling licence legalises:
The key advantage of the Full License is the ability to enter into partnership agreements with other entities in the gambling industry. They may be new entrepreneurs or experienced businessmen wishing to enter the European market by obtaining a permit from the Isle of Man.
The owner of the Full License may transfer the gaming platform of its production to third parties. Besides, it also applies to its components (slots, gamer management systems, etc.). The fee for each new partnership is £5,000.
The advantage of cooperation under the White Label agreement lies in the fact that the Full License holder is not responsible for the juridical and administrative activities of the partner.
This type of the Isle of Man casino permit is suitable for novice entrepreneurs who are taking their first steps. The document links the operator to the parent company. At the same time, the businessman can apply for a Full License at any time.
The solution will be a good choice for entrepreneurs with a solid client base, who for some reason do not have access to a modern gaming platform with content. In this case, the operator can use the technical capabilities of the parent company and work in the legal field of British jurisdiction.
The Isle of Man online gambling certificate allows operators to accept bets from many European and Asian countries legally. The key requirement lies in the fact that gamblers must pass verification on the gambling site of the territory from which Internet traffic is redirected.
The migration of customer data from the origin server to the UK server must comply with international AML and KYC requirements.
The Isle of Man online casino certificate of this type gives all the same privileges as the Full License. These are:
The document is intended for software developers. These are companies that produce games, platforms, database management systems, payment services, and other solutions.
Before obtaining a licence for a casino on the Isle of Man, the entrepreneur should choose the type of application. The state issues 2 types of documents:
Gambling software must be tested and receive a conformity certificate. Independent evaluation is carried out by NMI, Gaming Laboratory International, QUINEL, iTech Labs, and other laboratories.
The state imposes strict requirements on applicants. However, it does not reduce its popularity among businessmen and investors.
The procedure for issuing a permit consists of the following steps:
Registration of a company on the Isle of Man
The entrepreneur must open a physical representation on the island, as well as hire residents for the main positions. These are the chief administrator, director, operations manager, and authorised representative of the firm
Due diligence of key persons
The candidate has to confirm the legitimacy of funding sources for the iGaming startup. For its part, GSC cross-checks all project investors, as well as its beneficiaries, who own at least 5% of the company's shares
Server hosting on the island
Holders of all permits (except Network License) should register their clients on servers located within the state. Operators need to sign a cooperation agreement with a local data centre and set up exchange processes on their sites
Sending supporting documents
To open an online casino with the Isle of Man licence, the entrepreneur must prepare a business strategy, compliance confirmation for games and software, a statement of opening an account with a local bank, a certificate of good conduct among executives, and other papers
Payment of state duty
The fee is £5,000. The amount is paid once, regardless of permission that the entrepreneur plans to receive
The Isle of Man casino legalisation takes an average of 10–12 days from the moment the application is accepted and the registration fee is paid.
In some cases, the GSC regulator may need more time to comprehensively evaluate the operator's business strategy and the implementation model of the iGaming start-up.
The permit is valid for five years. Fees are paid annually.
The cost of a certificate depends on the type of document:
Price, pounds sterling
for 1 year
for 5 years
Software Services License
Entrepreneurs do not have to worry about how much the Isle of Man casino certificate costs. The high fees are fully compensated by the minimal fiscal burden on businesses.
The list of the operator's main expenses uncludes:
Consider the main reasons to order a turnkey casino with a licence from the Isle of Man.
The territory was one of the earliest in the world to legalise the use of blockchain.
In 2017, the regulator allowed accepting deposits and paying out prizes in digital assets. This fueled investors’ interest in the island's gambling market.
In 2019, the body opened the Blockchain Office’s Sandbox. The department deals with the licensing of crypto companies and crowdfunding platforms. It also cooperates with businesses to improve the investment climate of the territory.
In 2019, the regulator amended the basic law on licensing projects. Thanks to this, producers of iGaming systems and crypto entertainment content will be able to receive the Software Services License through a simplified procedure.
The state provides technical and juridical assistance to enterprises that were forced to stop working in their regions due to a political or economic disaster.
In the event of force majeure, an iGaming project can be quickly relocated to a more peaceful territory. The Isle of Man’s gambling licence is issued under a simplified procedure (the Disaster Recovery program).
The entrepreneur can work under the permission of the previous territory for 90 days and only after that apply for a new document.
Obtaining a Network License allows entrepreneurs to legally accept bets from users of other states.
Sites operate under the .com domain address. The main requirement for operators is to locate endpoints for collecting information (servers and cloud storage) within the island. It is also critical to follow AML and KYC policies: verify payment senders and identify the age of gamers.
The state offers a contestable taxation policy, which attracts experienced investors from all over the world.
The island has a progressive fiscal scale. This fact stimulates entrepreneurs to earn more, develop, and scale their businesses. The absence of taxes on dividends, real estate, and withdrawn capital also has a positive effect on the investment attractiveness of the territory.
The gaming commission puts forward strict requirements for the permit applicant. It is critical to create a guarantee fund for payouts and confirm the financial sources and the integrity of persons in key positions.
At the same time, the availability of a licence has a positive effect on the image of an online casino. Gamers and B2B partners understand that they deal with an honest and reliable company that has successfully passed numerous procedures and thorough activity audits.
The possession of the United Kingdom created excellent conditions for launching and scaling iGaming start-ups.
CASEXE will help you receive a licence from the Isle of Man. We will prepare the necessary papers, create a business strategy, take care of iGaming products’ certification, and advise you on the opening of a corporate entity and payment of taxes.
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