GGRSOFTIsle of Man Gaming License
art. 1790065012260201
Obtain legal authority to operate gaming platforms within and beyond Isle of Man.
About this product
Features
The Isle of Man Gaming License is a globally recognized Tier 1 license issued by the Isle of Man Gambling Supervision Commission (GSC). It grants legal authority for gaming platforms to operate both within and outside the Isle of Man jurisdiction. This license allows businesses to serve various gaming verticals including online casinos, sports betting, eSports, lotteries, and poker.
Scope and Recognition
The Isle of Man Gaming License covers a comprehensive range of gaming verticals, including online casinos, sports betting, eSports, lotteries, and poker. It is recognized globally and trusted by financial institutions and regulators as a Tier 1 license. Holders of this license can expand into global markets without requiring additional licenses.
Tax Benefits
License holders benefit from a 0% gaming tax. Additionally, corporate tax rates range between 0% and 1.5%.
Licensing Process and Timeline
The typical processing time for this license is between 12 and 16 weeks. The process includes several stages: collecting UBO Documents (2–4 weeks), Isle of Man Company Incorporation (3–4 weeks), submitting the License Application (4–6 weeks), and Corporate Bank Account Setup (3–4 weeks).
Fees
The gaming license fee for B2B/B2C operations is £36,750, while for a Network license, it is £52,250. The total initial cost for acquiring the Isle of Man Gaming License ranges from £56,150 to £71,650.
This Isle of Man Gaming License supports businesses seeking to establish or expand their iGaming operations with global reach and a wide scope of allowed activities. It addresses the operational need for a reputable license that provides regulatory approval for diverse gaming verticals and offers favorable tax conditions, attracting operators focused on a regulated and economically efficient structure.
Jurisdiction
- Isle of Man
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