Types of Isle of Man gambling licenses
The Isle of Man allows applicants to get 1 of 4 types of license, depending on the type of company.
Aimed at smaller companies, which are just starting to build their own gambling business and at companies, which have assets to monetize (e.g. player database) but do not have gambling infrastructure.
License to provide network services
Please note that this license is not mandatory for gambling software developers who want to provide it to OM-licensed operators, but it greatly increases the status and credibility of your company.
Minimum requirements for applicants
In order to obtain an OM gambling license an operator must meet the following criteria:
Note, the list of requirements is much longer, all other items that relate to AML, software, providing beneficiary information are similar to other jurisdictions.
The government fee for applying for a license of any kind is £5,000.
Reasons to choose an Isle of Man gambling license?
In 2001, the Isle of Man became one of the first jurisdictions in the world to regulate gambling at the legislative level.
Corporate tax for companies providing online gambling services is 0%, personal income tax is progressive with a maximum limit of 20% and a maximum tax base of £120,000, the charge on GGR ranges from 0.1% to 1.5% depending on the size of the GGR and type of gambling services.
OM is a leader in the telecom industry and is often used as a testing ground for all innovations in online gambling.
The main advantage of the gambling license is that OM is in the “white list” of Britain, which allows companies with a license OM to advertise their own product in the UK market, as well as the “white list” of the Organization for Economic Cooperation and Development (37 countries).
With a sovereign credit rating of AA1 from Moody’s and AA+ from Standard & Poors, the government and businesses in OM work together to achieve the best results, resulting in the continued development of the gaming industry and increasing confidence in OM-registered operators.
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