Gibraltar has grown synonymous with allowing a fully regulated gaming industry and has in place a very sturdy and stern set of guidelines and a code of conduct that any organization who holds one of their gaming licenses is required and required to adhere to.

Incorporation & obtaining license: within 6 months

Minimum paid-up capital: Is depends on a case-by-case basis

Overview

The Gibraltar online gambling license allows any organization to easily enter the European market with their company, to develop it, and also to form partnerships with new influential partners.

Some advantages of Online Gambling License in Gibraltar:

  • Businesses which have received the license work without an obligation to pay VAT
  • Businessmen are preserved by the Gibraltar governments, which give them the identical guarantees as domestic corporations have

 

Notable features

General information

Taxation

  • The holders of a remote gambling license are obligated to pay a tax of 1% of their total profit and the amount of tax is capped at least of £85,000 and a maximum of £ 425,000
  • Registration for taxation plans is not required for non-resident businesses. This suggests that estate tax, wealth tax, VAT,  gift tax or capital profits tax is not relevant to them

Other advantages

  • The nation ensures complete privacy of commercial activities and personal data
  • Licensees will get a merchant account
  • Restricted links for company name: name of the country, national or local authority.
  • Any name that indicates criminal action or implies royal or administration patronage is restrained.
  • The registrar may refuse any name which it deems objectionable or opposite to the public interest.
  • The company name is restrained to be equal or alike that of an existing company.
  • In a case when a different language is utilized for company name the interpretation must be presented to Registrar which will guarantee conformity to above-listed restrictions.

Company name

Language: English

  • Letters: Any
  • Names holding royal, political, foreign, and financial or other signs are forbidden
  • Names that are misleading or deceitful are forbidden
  • Identical or nearly identical names are forbidden
  • Offensive names are forbidden
  • Names Requiring Consent or a Licence: Bank, trust, insurance, assurance,  fund management, investment fund, reinsurance,trustees, buildings society, finance
Procedures

In order to receive a license, the subsequent steps will be carried out:

  • Drafting a power of attorney allowing members from our staff to prepare the license
  • Registering a company
  • Development of all important documents for
  • Transferring all papers for the signature of the customer and for them to be notarized and approved in the country where the client is residing
  • Opening an offshore bank account
  • Creating a Business Plan for the Corporation
  • Account opening in a European Bank
Documents

If you are thinking of getting permit, kindly provide the following papers:

  • Notarized copy of valid passport (each of Administrator/Director or Shareholder)
  • Notarized copy of proof of residence (e.g. Utility bill of each Director)
  • Salvadoran Tax Payers Identification Card- for each shareholder
  • Bank reference (of each Administrator/Director)
  • 2 Character reference Letter issued by professionals (of each Administrator/Director and Shareholder)
  • Complete CV dated and signed by the applicant (of each Administrator/Director and Shareholder)
  • Diploma of higher education
  • Notarized criminal record

N.B.

  • If reports are not in the English language, then they need to be brought by a notarized translation.
  • The copies of the records must be approved by a Lawyer or Public Notary.