E-Gaming
The Isle of Man has become the jurisdiction of choice for the establishment and administration of e-Gaming companies. Some of the most significant operators in the industry are now based in the Island and the number of e-Gaming license holders is steadily increasing.
Some of benefits the Isle of Man can offer e-gaming businesses:
- The Isle of Man has international recognition as a well regulated jurisdiction
- 100% protection of player funds
- Zero rate of corporate taxation and no capital gains tax
- Low betting and gaming duty
- The Island enjoys a world-class and highly resilient telecommunications infrastructure with a network of new data hosting centres supported by 5 discrete high bandwidth fibre optic cables connecting the Island with the North of England and Ireland, with anti-DDOS attack technology
- Fully self-sufficient power infrastructure which is supported by diverse sub-sea interconnector gas and electricity supplies
- It has high quality support services (legal, accountancy and corporate services) with expertise in e-Gaming
- Excellent support service providers in hosting, IT and digital media
- The Isle of Man Government is committed to the on-going development of the e-Gaming sector
- Government grants available for up to 40% towards costs of relocation, marketing, hardware and software
- Its reputation as an ideal jurisdiction for AIM, ISDX Market or FTSE stock market listings
Westwinds as a licensed fiduciary service provider is well placed to offer e-gaming company assistance in the following areas:-
Company formations;
- Corporate structuring
- VAT
- Accounting
- Ongoing statutory and corporate compliance
- Provision of resident professionally qualified Directors
- Provision of resident Operations Manager and MLRO
- Business plan assistance including AML requirements
- Management of the licensing application and process
- Ongoing regulation and VAT compliance, post licensing
- Assistance with HR matters ensuring compliance with all ongoing Isle of Man e-Gaming regulatory, statutory and accounting requirements, post licensing
- Ongoing regulatory compliance
Further information on the Isle of Man e-gaming regime can
be found here.
Please contact us for more information.