Gibraltar is considered the territory of the United Kingdom. It is located in the south of the Iberian Peninsula, has a favourable climate, stable legislation, and democratic taxation. Together, all of these factors make up an extremely attractive environment for foreign investors.
2WinPower can help you open a gambling platform in Gibraltar exceptionally easily. We provide complete business support at all stages of the implementation and guarantee a 100% success.
Launching an online casino in Gibraltar, a promising area with a rich history, is destined to bring you the cherished profit. The jurisdiction began to issue licenses in 1998, with the improvement of regulatory documents happening in 2005.
Local authorities presented the Gibraltar Gambling Act that year, which identified the main points in the relationship between the jurisdiction, gambling establishments, and the customers of the services.
The gambling industry is regulated by two authorized bodies:
Obtaining a gambling license in Gibraltar provides a wide range of benefits for the operators:
The gaming industry is one of the key sectors of the local economy. The current multidisciplinary system consists of Gibraltar regulator, casinos, bookmakers, consulting agencies, and gaming services consumers. Therefore, the jurisdiction provides gambling licenses in Gibraltar of two types — B&C and B&B.
Cost, thousand pounds
For companies that are aimed at gamers as their end-users
Land-based casino with a Gibraltar license
Land-based betting establishment
Setup of an online bookmaker’s store
For companies focused on servicing operators and bookmakers
Production of software and equipment for gambling
Maintenance, support for operators and bookies
Any gambling license of Gibraltar (online casino, betting, land-based types) is issued for 5 years. It is a considerable period when compared with other offshore zones — Malta, Kahnawake, the Isle of Man.
5 years later, the company has the right to renew the license. They will have to pay £22.4 thousand to the local treasury annually.
In order to get legal permission for operation, the applicant must meet several conditions:
All the required documents are sent to the Licensing Department that must confirm the applicant’s registration, legitimacy, and financial condition.
Be sure you’ve prepared the necessary data:
The period of application consideration depends on how well the company prepared the package of documents and went through all the preparatory procedures (registration, audit, etc.). If everything is done correctly, a Gibraltar license will be issued a month after the filing of an authorized application.
One of the key factors in the attractiveness of the UK offshore possessions is loyal taxation policy.
Like the UK, Gibraltar is a member of the EU, but, unlike the mainland state, the jurisdiction managed to maintain complete taxation independence. Therefore, here, the fees are probably the lowest in Europe.
The tax on gambling is only 1% of the company’s net profit. Moreover, the sum of deductions may not exceed £425 thousand or, conversely, be less than £85 thousand. This approach equalizes large and small businesses and encourages entrepreneurs to earn more.
Also, there are no VAT, tax on the withdrawal of capital and dividends, a fee for real estate ownership, and other minor obligatory payments
A Gibraltar license is an excellent option for entrepreneurs who plan to extend their business. The jurisdiction is distinctive with its loyal taxation, developed IT services, and an extended license period.
2WinPower will help you get your Gibraltar license as soon as possible. We are an experienced guide company and are well acquainted with local laws.
2WinPower also offers a convenient turnkey business solution. Feel all advantages of a completed project — already licensed platform that includes a payment module and original gaming content: you receive everything to set up a profitable business in a blink of an eye.
Contact our manager and learn more about the available solutions for iGaming from 2WinPower:
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