Isle of Man Gambling License
The Isle of Man online gambling license is issued by the Gambling Supervision Commission as per the Online Gambling Regulation Act 2001. GamingLicensing is your premier partner in securing the Isle of Man license for all types of online gambling activities.
Advantages of Isle of Man License
A gambling license from the Isle of Man Gambling Supervision Commission (GSC) is a world-renowned offshore license that comes with a particular set of advantages, including:
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(01)Lowest corporate tax
The corporate tax on the Isle of Man is 0%, and there’s no capital gains tax either.
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(02)Covers all gambling verticals
There are several types of licenses issued by GSC, including online gambling licenses for casinos and sports betting.
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(03)Simple licensing procedure
With the straightforward procedure and help from GamingLicensing, you can expect to receive your license within 12 weeks.
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(04)Virtual currencies accepted
Operators are allowed to accept virtual currencies as long as they are converted into fiat currency.
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(05)Sub-licensing regime
Operators who have a pool of players but are not experienced in the gambling industry can thus gain access to the software and games from a fully licensed operator.
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(06)Approved by the UKGC
Isle of Man-licensed casinos and sportsbooks can advertise their services in the UK.
Isle of Man License Requirements
To be eligible for the Isle of Man online gambling license for online casinos and sportsbooks, in addition to an actual application form, legal entities must provide a personal declaration for a series of appointments within the company and a detailed business plan that will outline the financial aspect of the business, game rules, technical checks for the games offered, player registration checks, treasury checks, and much more.
Isle of Man License Cost
The cost of the Isle of Man gambling license depends on its type. For the B2C license, the application fee is €5,250, while the actual license that covers a full B2C operation for all games over five years is €36,750.
How to Apply for the Isle of Man License/Application Process
To apply for the Isle of Man license, all operators must pay the application fee and submit a complete application form to the Inspectorate of the GSC, which will process the application within 10-12 weeks. During the procedure, it is customary for the Inspectorate to ask a number of questions related to the business model, structures, and other aspects of the enterprise.
Contact GamingLicensing and get a free consultation for an Isle of Man license today!
