Isle of Man | iGaming Licenses

A Tier 1 jurisdiction, the Isle of Man is one of the most dynamic and reputable e-gaming environments worldwide. This is recognised by its listings on both the UK’s e-gaming white list and the OECD white list. The Island is host to a cluster of professional gaming expertise and the ICT infrastructure is world-class with leading-edge fixed and mobile telecoms networks, numerous disaster recovery and hosting facilities and highly resilient bandwidth connectivity.

What sets the Isle of Man apart from other jurisdictions is the Government’s level of commitment to the ongoing development of the e-gaming sector and its ability to develop relationships with other jurisdictions to support the global expansion of its operators. Its “can-do” attitude has encouraged a growing network of e-gaming businesses and software development companies to operate from the Isle of Man.

Type of Company Entity Available for iGaming Firms:

An Isle of Man company must be incorporated in order to be licenced. 2 resident directors are required but can be supplied by Corporate Service Providers.

Corporation Tax Rate:

Additional Gaming Tax Rate:

Duty payable on gross gaming yield (or retained profit) minus affiliate costs:

For gross gaming yield not exceeding £20 million per annum: 1.5%

For gross gaming yield of more than £20 million per annum, but not exceeding £40 million per annum: 0.5%

For gross gaming yield exceeding £40 million per annum: 0.1%

The exception is football pools which carries a 15% duty rate.

Security Requirements/Indemnity for Players Deposits:

Players’ funds must be kept in a separate account which is then protected by Isle of Man law.

Licence Fee:

£5,000 administration fee for application. Annual licence fee under Online Gambling Regulation Act of: £50,000 for Network Licence + £5,000 per off-island sub-operator. (B2B and B2C). £35,000 for Standard Licence (B2C) £5,000 for Sub-Licence (B2C with exclusive use of IOM licensed operator’s platform)

Licence Duration:

5 years

Do Local Banks Process Online Gaming Transactions:

Yes

Bandwidth Type Available:

A wide range of SLA guaranteed Internet Bandwidth, Private Circuit and MPLS connectivity solutions are available and provided over two resilient fibre optic rings and one point to point cable.

Software Testing Requirements:

Certificate from an approved testing house is required as part of the licence application process.

Reporting Requirements to the iGaming Regulators and/or Financial Regulator:

Access to the business, its systems and audited accounts when requested by the Gambling Supervision Commission.

Anti-Money Laundering Policy for iGaming Firms:

Full AML due diligence. Indemnification procedures, record keeping, internal procedures, education and training, as well as adherence to the Isle of Man Gambling Supervision Commission’s Guidance Notes for the Prevention of Money Laundering.

Restrictions on Jurisdictions from which you can take Wagers:

It is the responsibility of the operator to make these decisions however, the Gambling Supervision Commission may ask for confirmation that independent legal advice has been taken if they have a concern about a specific target market.

Contact Details of Government Department or Regulator:

Garth Kimber – Head of e-Gaming Development
Department of Economic Development
St Georges House, Upper Church Street, Douglas, Isle of Man, IM1 1EX

T: 01624 682307 M: 07624 464473
E: garth.kimber@gov.im
W: http://www.iomegaming.im/

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