The Isle of Man – eGaming Jurisdiction of Choice
The global eGaming market has grown enormously over recent years such growth appears set to continue for some time to come.
The Isle of Man is recognised as one of the most dynamic and reputable jurisdictions in the e-gaming industry. The Island is a Tier 1 jurisdiction with regard to professional advisers and service providers, with many excellent legal, accountancy and fiduciary firms available. The Island’s ICT infrastructure is also considered to be world-class with leading-edge fixed and mobile telecoms networks, numerous disaster recovery and hosting facilities and highly-resilient high bandwidth connectivity.
Acclaim can offer a one-stop shop for all your egaming needs.
Services that we can offer to an eGaming operation seeking to establish on the Island include:
– Support and advice in relation to securing regulatory approval and relevant licenses
– Introduction to relevant technology partners, lawyers, tax advisors, accountants and banks.
– Introduction to relevant Government departments, including DTI, E-gaming Commission and E-commerce teams.
– Advice and support regarding relocation, premises and staffing
– Provision of operations manager (if required)
These are in addition to our standard coporate services, which include:
– Company incorporation
– Provision of registered office and registered agents
– Provision of experienced Isle of Man resident company directors
– Company secretarial services
– Accountancy and book keeping
– Preparation and filing of statutory returns
– Registration for VAT and ongoing administration (if required)
Why the Isle of Man
The Isle of Man is recognised as one of the most dynamic and reputable jurisdictions in the e-gaming industry. Doing e-gaming business in any jurisdiction also requires an excellent source of advisers and service providers so it is reassuring to potential gaming companies that the Island is a Tier 1 jurisdiction with many excellent legal, accountancy and fiduciary firms available. The Island’s ICT infrastructure can also be considered to be world-class with leading-edge fixed and mobile telecoms networks, numerous disaster recovery and hosting facilities and highly-resilient bandwidth connectivity.
The Isle of Man Government is committed to the on going development of the e-gaming sector and its “can-do” attitude has encouraged a growing network of e-gaming businesses and software development companies to operate from the Isle of Man. This has resulted in e-Gaming now being responsible for the employment of over 600 people in the Isle of Man.
The Department of Economic Development are responsible for the promotion and development of e-Gaming.
Why Isle of Man for e-Gaming?
Reputable and Respected
•History of stability and security
•Tier 1 regulated island
•Ideal jurisdiction for AIM or FTSE stock market listing
•Clear and simple tax regime
•No Capital Gains Tax
•Low personal taxation – 20% higher rate, 10% lower rate with personal allowances among the best in Europe
•Low betting and gaming duty
•Government funding of up to 40% available towards costs of relocation, marketing, hardware and software
•Annual Government funding of up to 50% can be available for training
•Grants can be applied for on an annual basis
•World-class telecoms infrastructure including: two self-healing rings serving the Isle of Man; 1.2 terra bits capacity 0.02% utilisation; anti-DDOS attack technology
•Excellent air and sea links to the UK and Ireland
•Totally self-sufficient power infrastructure, supported by sub-sea gas and electricity supplies
High Quality Support Services
•Legal and accountancy firms with expertise in e-gaming
•Excellent support service providers in hosting, IT and digital media
•Highly IT-literate workforce