The Gambling Supervision Commission (‘GSC’) is an autonomous statutory board instituted in 1962. In extension to the licensing and supervision of land-based gambling operations (casino, amusement and slot devices and more), the Commission further directs all online gambling activities, which have expanded significantly in current years.

Incorporation & obtaining the license: 3 months following application submission

Overview

OGRA License covers every game where:

  • they practice telecommunications (phones, internet, servers, etc.);
  • they include players gambling money (or money’s worth);
  • the games include any component of randomness or chance.

The full gambling permit in The Isle of Man is valid for 5 years.

A network services permit needs to be taken if the operator wants to provide one or more foreign registered players on to its Isle of Man server without reregistering the player data.

All of the advantages of a full OGRA license are accessible to the holder of a network services permit.

A ‘License for Economic and Political DR’ is alike to an OGRA License besides that the license holder is not obliged to start works in the Isle of Man till it wants and therefore is not responsible to pay any charges until it decides to start services on the island.

Notable features

General information

Company structure

  • Minimum 2 local directors. Who needs to be individuals, not any corporate entities.
  • Minimum 1 resident Designated Official (DO)
  • Operations Manager (OM) if Designated Official cannot live in the Isle of Man
  • Gambling and trading records should be placed in a bank in the Isle of Man

Taxation

  • Online gambling charge on a sliding scale from 1.5% to 0.1%
  • For pool gaming, the charge is similar to the UK duty rate
  • No levy is charged on operators
  •    Corporate tax is 0%
  • No capital gains charge or inheritance tax
  • Income tax payable per year capped at £120,000 for people
  • Easy and competing for tax administration with the top personal tax rate of 20%

Other advantages

  • High reliability
  •  One license for various kinds of gambling
  • An opportunity to receive the Sublicense – small casinos can operate below famous gambling brands and receive the full license in future
  • European guarantees and privacy, firm economic and administrative conditions
  • British whitelist

Registered Agent – Needed

Registered office – Needed

Company name

Language: English

Letters: Any

Procedure

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.