Isle of Man Gaming Jurisdiction

Isle of Man

isle-of-man Isle of Man Gaming Jurisdiction

Key Attributes

  • Highly regarded and well established regulatory regime
  • Cluster of professional firms to provide support
  • Excellent IT and hosting infrastructure
  • Low taxation jurisdiction
  • Straightforward licensing regime
  • Standard rate of duty at 1.5% of gross margin
  • VAT applicable and needs careful consideration
  • OGRA licence covers all game and betting types
  • Network Licence suited to software providers and platforms
  • Regularly used for Asian facing gambling operations as the Regulator has experience with these models and credit betting

Licensing Requirements

  • Isle of Man company with at least two Isle of Man resident Directors
  • A Designated Official or Operations Manager (if Designated Official not resident on-
  • Island)
  • Hosting on the Isle of Man for bet striking and player data
  • Banking on the Isle of Man (off Island banking only with prior Treasury approval)
  • Player deposits and winnings protected in segregated mechanism
  • Software must be tested by an approved testing house in line with Isle of Man gambling legislation

Licensing Costs

  • Application Fee: £5,000
  • Licence Fee – OGRA: £35,000 per annum (covers multiple game/betting types)
  • Network Licence (for platform providers): £50,000 per annum
  • Sub Licence: £5,000 per annum

Timescales

  • 12- 15 week licence approval process from formal acceptance of licence application

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