The Gibraltar gambling licence is one of the most in-demand permissions to work in the gambling market. It is supplemented by government guarantees, comfortable economic conditions, and tax privileges. The country has created the most attractive conditions for foreign investors.
The Smart Money company will be glad to help you to open a casino in Gibraltar. We offer professional advice and assistance in licensing and promotion of your gambling project.
The state is part of the United Kingdom. It is attractive because of a warm climate (the southern part of the Iberian Peninsula), developed infrastructure, and loyal legislation. It is a popular tourist zone and an extremely attractive market for foreign entrepreneurs.
The gambling business on the peninsula is one of the most profitable activity areas. The offshore jurisdiction has been issuing certificates to casino owners since 1998.
In 2005, the regulations on the Gibraltar casino licensing were brought into compliance with the present-day developments. Local authorities have adopted the Gibraltar Gambling Act, which established the basic rules of interaction between the government machine, providers of services, and gamblers.
The industry is regulated by 2 departments:
The Gibraltar licence gives it holder the right to carry out any type of gambling activities:
If operators are planning to work in several areas simultaneously, it will be necessary to obtain a separate permit for each of the activities.
In this country, you can receive the following certificates:
The jurisdiction has developed strict regulations for operators and is enforcing these rules. If the regulator sees any sign of the monkey business, it will be a trigger for the licence denial.
The best reason for getting the Gibraltar gambling licence is the presence of positive experience and already valid permits issued by other respected offshore zones.
To prove their honesty and reliability, beginning operators need to provide recommendations from large financial institutions, international banks, and other trusted guarantors (in addition to the standard set of documents).
The price of the service is calculated depending on the type of permit:
The Gibraltar casino gambling licence for online casinos and land-based locations is issued for 5 years. After this period, the permit must be renewed annually (it will cost about 22 thousand pounds).
Despite being a member of the European Union, Gibraltar continues to maintain its independence in business taxation. The state is included in the list of European countries with a minimum tax burden.
A mandatory commission fee for holders of a gambling licence is 1% of revenues. Moreover, the maximum penalty tax should not exceed 425 thousand pounds.
On the offshore territory, the gambling business is not subject to the following taxes:
Requirements that must be fulfilled if you want to obtain a local gambling permit:
Registration of legal status
Foreign investors have 2 options: to register a company in Gibraltar or purchase a local physical server to host gambling products. The second option is relevant only for already operating casinos with licences issued by other jurisdictions
Proof of funds
The presence of a mandatory contingency sum of 100 thousand and more (not less than the cost of the legalisation of the platform)
Independent software evaluation
Gambling solutions that are based on RNG technology are subjected to the most thorough check. The service is provided by authorised companies
Audit of the company’s financial situation
This requirement is relevant for holders of third party licences who want to scale their business and obtain a permit in Gibraltar
Provision of security of the gambling platform
A Gibraltar casino that has the local licence must be equipped with advanced anti-money laundering systems and services that protect against cyber-terrorism and prevent minors from entering gaming sites
Interaction with a local bank
A company must have 2 separate accounts. One is needed to work with service consumers (accept bets and payout winnings), and the second is used for commercial transactions
The Gibraltar gambling licence can be obtained only after the regulator carefully studies and checks all the data provided by an applicant.
Along with the application for licensing, it is necessary to send the following documents:
After successful completion of preparatory stages and a positive conformity evaluation of the set of documents, the Gibraltar casino gambling licence is issued within a month from the date of application filing.
The launch of a gaming site with a certificate from one of the most respected gambling jurisdictions opens the following prospects for casino operators:
The acquisition of the Gibraltar casino permit is a great way to earn customer loyalty and gain professional support that will help you to scale your business.
Our portfolio includes the best gambling solutions, such as ready-made slots, live content, marketing materials, multicurrency financial aggregators, and much more.
Another advantage is that from us, you can order equipment and software for land-based startups.
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