Mariia Vovk
iGaming
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Antigua and Barbuda is a bi-island nation located between the Caribbean Sea and the Atlantic Ocean. It consists of two large islands, Antigua and Barbuda, and a number of smaller islands. The islands are low-lying with some high volcanic areas. The government system is a constitutional monarchy with a parliamentary system.
Antigua and Barbuda is one of the most prosperous countries in the Caribbean due to its tourism industry and offshore financial services.
Antigua and Barbuda has political stability, modern telecommunication capabilities and a well-developed financial sector. They also maintain an attractive environment for international online gambling companies. Gambling licenses in Antigua and Barbuda are recognized by many countries around the world, so you will have a potentially large customer base once obtained.
The licensing and regulation of online gambling services in the islands of Antigua and Barbuda is handled by the Gaming Division of the Financial Services Regulatory Commission (FSRC). The regulatory framework for these companies is provided by the International Business Corporations Act (IBC) and the Interactive Gaming and Interactive Wagering Regulations (IGIWR).
Since the beginning of the last century, the island state has been engaged in the legalization of gambling. During this time, an effective system has been developed that has proven to be reliable. Antigua and Barbuda is an offshore zone, so a company registered here can enjoy all the advantages of a classic offshore, for example:
In Antigua, companies are allowed to choose between two types of licenses:
3 attachments must be submitted for initial evaluation of the application:
Attachment A – application for an Interactive Gaming license or Interactive Wagering license.
Appendix B – business entity information packet.
Attachment C – a personal information form to be fully completed by each key person, director, partner and CEO of the company, including each shareholder with a five percent (5%) or greater ownership or controlling interest in the company.
A non-refundable fee of $15,000 must be paid for the investigation, due diligence and evaluation of the applicant. If the costs and expenses incurred as a result of these investigations exceed $15,000, the applicant will be notified in writing that an additional non-refundable deposit will be required.
The average time to obtain a license is 3-6 months.
The term of a gaming license in Antigua and Barbuda is one year. It can be renewed at a later date.
Gambling companies in Antigua and Barbuda enjoy a favorable tax regime. The country levies a 3% gross income tax on gambling companies, as well as royalties based on the company’s gross income. These tax rates are competitive with many other jurisdictions, making Antigua and Barbuda an attractive destination for gaming businesses seeking a tax efficient environment.
License type | Cost |
Due Diligence | $15,000.00 (non-refundable) |
Interactive Gaming License Fee | $100,000.00 (in year) |
Interactive Wagering license fee | $75,000.00 (in year) |
Annual renewal fee for each license | $5,000,00 (non-refundable) |
License fee for a key person | in year 1 – $1,000.00 Year 2 onwards – $250.00 |
Security deposit | $100,000.00 (min) |
Fee for monitoring system | For one license – $25,000.00 (in year) For two licenses – $45,000.00 (in year) |
Antigua and Barbuda licenses are not recognized in the U.S.. In addition, residents of Antigua and Barbuda cannot play online.
The availability of a gambling license in Antigua and Barbuda has set this country apart as a leading destination for gambling companies looking for a robust regulatory environment and favorable business conditions.
With its robust licensing process, global recognition and supportive infrastructure, the island continues to play a key role in the development of the online gambling industry.
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