Gibraltar is an overseas territory of the United Kingdom. Located on the Iberian Peninsula near Spain and Morocco, Gibraltar has played a major role in world trade due to its strategic location which places it at a major shipping lane. The location and climate of the country have also enabled it to emerge as a major tourist destination in the region with tourists from across Europe and Asia visiting the country. The country after a long period of political instability finally received a new Constitution in 2006 completing its transformation into a British Overseas Territory.
Gibraltar Gambling license Overview
A Gibraltar Gambling license, both for online gaming and offline gambling is issued by the Licensing Authority under the Act. However, the Gambling Commissioner is the primary regulatory authority entrusted with the enforcement of legislation on the subject. There are a total of seven different types of licenses that the Licensing Authority can issue. License is valid for 5 years and there is no need to be renewed annually. Adding a low tax policy, zero VAT, Gibraltar’s Gambling license is one of the world’s best gaming licenses.
Gibraltar Gamblin license
The Gambling Commissioner publishes a Code of Practice to enable both online and offline casinos in Gibraltar to comply with best practices. The primary legislation in the sector however still is the Gambling Act, 2005 which governs all issues from eligibility to issuance of licenses. The Gambling Commissioner also issues a ‘Generic Code’ to assist the casinos to interpret the law. For online gaming services in Gibraltar, a separate ‘Remote Technical and Operating Standards’ book is also published.
There are a total of seven different types of licenses that the Licensing Authority can issue: a bookmaker’s license, a betting intermediary’s license, gaming operator’s license, gaming machine license, lottery promoter’s license, pools promoter’s license, and remote gambling license.
Out of these forms, the last category of Remote Gambling License is most relevant for offshore gaming operators seeking to operate from Gibraltar. License is valid for 5 years and there is no need to be renewed annually.
What is the process to obtain a Gibraltar Gambling license?
An application for a Gibraltar Online Gaming License has to be made to the Licensing Authority functioning under Gambling Division H.M Government of Gibraltar. The application has to take into consideration the following conditions:
- Good financial standing with a realistic business plan
- Compliance with the advertising guidelines.
- Adequate availability of funds to make consumer payouts
- Maintaining effective control of the business at Gibraltar at all times
- All handling of consumer funds, credit card information, etc. shall take place through banks and institutions located at Gibraltar only at all times.
- Submission of yearly returns and accounts and compliance with Companies Act, the Companies (Accounts) Act, and Companies (Consolidated Accounts) Act.
Submission Compliance with Codes of Practice and Generic Code.
How to obtain a Gibraltar Gaming license?
A Gibraltar license is a much-treasured possession owing to the very high business potential and the reputation of the country as a safe gaming destination with close links to the United Kingdom. The relatively low tax rates also increase its attractiveness. The licensing process is transparent and fast. Empire has a team of Gaming experts well conversant with the licensing and instrument certification process, ensuring that you can get your online gambling business running in the fastest possible time. You can reach the Online Gaming License experts at Empire through our website empireglobal.partners and by email at firstname.lastname@example.org. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.