Restricted Casinos in Gibraltar
The jurisdiction of Gibraltar is a comfortable and high-class offshore, offering the businessmen many opportunities of online gambling. To take the company out of the national legal framework and make your business permitted and legal, the authorities use the local organizational units.
Today, many companies get the registration in Gibraltar, as they want to become the member of the EU. It includes the online casino of Gibraltar; therefore, they will become European. Here you can found the betting shops, betting shops and web lotteries and mediate during the bets. Show more
The jurisdiction have other advantages:
- prestige (you won’t have any problems with partners and counterparts) and location;
- convenience of cooperation with the European banking networks;
- the development of technical content‒ communications, wired Internet networks, qualified specialists, working on the local market;
- possibility of direct processing of the bank cards;
- government support for the industry;
- low taxes (1% of gross for gambling), absence of VAT and initial payment.
Licensing of online casino in Gibraltar
The authorities of jurisdiction worry about its reputation and prestige. Therefore, they strictly follow the rules of gambling business. To start such business, you need a license. Opening an online casino in Gibraltar implies careful consideration of every application. On the other hand, it increases the readiness of the partners to cooperate with the company, licensed here.
The government supports the registration and receiving all the permissions for gambling business. Their cost varies depending on the certain direction and starts from 30.000 Euro, plus 2.000 for the extension of each one (once a year). The licenses are issued to the operators with high efficiency. They must conduct the full audit. The other conditions of starting the gaming business in Gibraltar include:
- the availability of a realistic business plan and stable financial situation;
- testing of the used software;
- the taxation of currency exchange during betting, etc.
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