June 24, 2024

Did you know that we started offering our services in the Isle of Man?

Yes, you read it right! We have (since last year, 2023) started offering our services in the Isle of Man, helping companies get set-up and obtain a gaming license locally.

The Isle of Man gaming license, just like the Malta or Curaçao license, allows operators to target players internationally – as long as no local license is required in the targeted country of the players.

The Isle of Man – What’s that you say?

The Isle of Man is a small island located in the Irish Sea between Great Britain and Ireland. It is a self-governing British Crown dependency, which is independent from the UK and the EU. The island has increasingly become known within the online gaming world as a jurisdiction that offers favorable tax conditions for gambling operators – licensing them since 2001.

Advantages of Gaming in the Isle of Man

The Isle of Man is a very well-known and renowned jurisdiction in terms of licensing of online gambling activities. The long-established framework globally has allowed for a whole industry around gambling to set-up locally, making it a top-tier infrastructure in terms of IT, hosting and banking.

The island also offers a friendly tax regime, with a corporate tax of 0%, capital gains tax of 0%, and gambling duty based on profit, varying between 0.1% to 1.5%.

Licensing fees are also reasonable and under a straightforward pricing structure.

Getting set-up in the Isle of Man

At EM Group, we can help you getting set-up in the Isle of Man and comply with local requirements and regulations. Important things to know for an Isle of Man company and license are:

A company must be set-up in the Isle of Man, with 2 local directors and 1 resident Designated Official.
Licensed companies must fulfill ongoing regulatory reporting requirements on a monthly / quarterly and yearly basis.
There are other local prerequisites, such as local hosting, banking, and registration of players on local servers (for B2C).

We can help with all the above-mentioned regulatory and compliance services, as well as ongoing financial, administrative and legal assistance where needed.

Contact Julie Courte for more information on the Isle of Man!

Written by Julie Courte