Gibraltar Casino Licence: Professional Assistance in Legalising Your Gambling Project

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.

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Gibraltar Casino Gambling Licence: Information on the Jurisdiction

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:

1. Certification department. It is engaged in expert analysis and audit of applicants. After this, a decision is made whether to issue or refuse the licence.
2. Gambling Commission. It monitors the work of certified companies for legal compliance and efforts to crack down on gambling among minors. The organisation also controls the timeliness of payment of taxes.

The Gibraltar licence gives it holder the right to carry out any type of gambling activities:

• bookmaking and intermediary services;
• the pursuit of the gambling activity;
• provision of services to land-based casinos (gambling halls with slot machines and lotteries);
• work in the online industry.

If operators are planning to work in several areas simultaneously, it will be necessary to obtain a separate permit for each of the activities.

Gibraltar Licence: Types of Permits

In this country, you can receive the following certificates:

• a licence to launch an online casino;
• a permit to work in the virtual betting sector;
• a certificate that allows operators to work with other gambling products (lotteries, sweepstakes, poker tournaments);
• a licence to open a land-based casino in Gibraltar and beyond;
• a permit to organise land-based betting shops.

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).

How Much the Gibraltar Casino Licence Costs

The price of the service is calculated depending on the type of permit:

1. 100 thousand pounds ― a one-time fee for B2C companies. Such enterprises provide services to gamblers and are represented on the market as land-based and virtual casinos and bookmakers.
2. 75 thousand pounds ― the cost of the service for B2B enterprises. This category includes hardware vendors, providers of the game content, technical support specialists, and hosting companies.

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).

Taxation System

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:

• VAT;
• tax levied on the withdrawal of dividends;
• local real estate tax.

How to Launch a Casino With the Gibraltar Licence: Requirements for Applicants

Requirements that must be fulfilled if you want to obtain a local gambling permit:

Documents for Casino Licensing

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:

• information on the management team, founders of the company, and other interested parties (passport details, CV, references, certificate of no criminal record, bank statements, etc.);
• the results of an expert evaluation of land-based equipment and software;
• a detailed description of the project with technical characteristics of each product (it is necessary to indicate the name of the product, game mechanics, supplier, bonuses, limits, etc.);
• business strategy for the next 3 years with an analysis of financial flows, planned income, contracts with providers, and a detailed description of external sources of financing;
• charter documents (copies).

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.

Casino in Gibraltar: the Advantages of Having Local Licence

The launch of a gaming site with a certificate from one of the most respected gambling jurisdictions opens the following prospects for casino operators:

1. Good reputation. A Gibraltar licence is issued only after a detailed examination. The presence of such a document automatically enhances the brand's prestige.
2. Taxation. The financial system of the country is considered one of the most loyal in the EU.
3. International status. Casinos that were licensed in Gibraltar can legally operate in the largest iGaming market in Europe.
4. Reliable financial partners. Investments for the development of a startup can be obtained from the leading banking institutions of the EU. The presence of a permit of this jurisdiction guarantees the loan issue with minimal commissions.
5. Government guarantees. Foreign investors can enjoy benefits and government guarantees on the same basis as local entrepreneurs.

The Main Things About the Gibraltar Gambling Licence

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.

• The Gibraltar licence gives the company international status and allows operators to legally promote their business in the most solvent market in the world ― in Europe.
• The Gibraltar gambling licence has an affordable price and gives you the opportunity to enjoy tax benefits. The certificate costs 100 thousand pounds, and the tax deductions are represented by a single annual fee of 1% of the company's revenue.
• Foreign entrepreneurs can launch virtual and land-based casinos in Gibraltar. The offshore jurisdiction issues permits for any type of gambling activity and offers foreign companies the same benefits as for local brands.
• Smart Money will help you to speed up the legalisation process. We are ready to join the project at any stage and offer the most convenient and effective development strategies.

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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Hans Adrian

B2b Gambling Business Advisor & Strategist