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.
The Isle of Man has a well-established e-gaming industry and offers a number of benefits to companies setting up there, including:
- Favourable regulatory environment: The Isle of Man has a favourable regulatory environment for e-gaming companies, with a well-established framework for licensing and oversight.
- Tax incentives: The Isle of Man offers tax incentives for e-gaming companies, including a low corporate tax rate and exemptions from certain taxes.
- Skilled workforce: The Isle of Man has a highly skilled and experienced workforce in the e-gaming industry, making it an attractive location for companies looking to set up operations.
- High-speed connectivity: The Isle of Man has a high-speed broadband network and excellent connectivity, making it an ideal location for companies looking to run online gaming operations.
- Access to markets: The Isle of Man is strategically located, offering access to markets in Europe and beyond, making it an ideal location for companies looking to expand their operations globally.
- Strong government support: The government of the Isle of Man provides strong support to the e-gaming industry, including investment in infrastructure and the development of the industry.
- Reputable jurisdiction: The Isle of Man is a reputable jurisdiction with a long history of supporting and regulating e-gaming companies, making it a trusted location for companies and consumers alike.
- Efficient licensing process: The Isle of Man has an efficient licensing process for e-gaming companies, with a dedicated regulator and streamlined application process.
- Access to talent: The Isle of Man has a thriving e-gaming industry, providing access to a pool of talented and experienced professionals for companies setting up operations here.
- Stable political and economic environment: The Isle of Man has a stable political and economic environment, providing a secure and predictable business environment for e-gaming companies.
- Data protection and privacy: The Isle of Man has strong data protection and privacy laws, making it an ideal location for companies looking to handle sensitive information and transactions.
- Innovation-friendly environment: The Isle of Man has a supportive and innovation-friendly environment, with a commitment to fostering the growth and development of the e-gaming industry.
Westwinds as a licensed fiduciary service provider is well placed to offer e-gaming company assistance in the following areas:-
- Corporate structuring
- 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.