Licensing Criteria and Procedures for Applying for Gibraltar Gambling License
General information
Taxation
- The holders of a remote gambling license are required to pay a tax of 1% of their gross profit and the amount of tax is capped at a minimum of £85,000 and a maximum of £ 425,000
- Registration for taxation purposes is not necessary for non-resident organizations. This means that estate tax, VAT, wealth tax, gift tax or capital gains tax is not applicable to them
Other benefits
- The country guarantees complete confidentiality of financial activities and personal data
- Licensees will receive a merchant account
Company name
- Language: English
- Letters: Any
N.B.
- Restricted connections for company name: name of state, national or local government.
- Any name that implies illegal activity or implies royal or government patronage is restricted.
- Registrar may reject any name which it considers undesirable or contrary to the public interest.
- Company name is restricted to be identical or similar that of an existing company.
- In case when foreign language is used for company name the translation must be provided to Registrar which will ensure conformity to above listed restrictions.
In order to obtain a license, the following steps will be carried out:
- Data Processing for License application with the Regulator
- Preparation of the application (if necessary assistance with notarization and apostilling of the documents)
- Submission of the application and documents to the Registry
- Assisting in post- application process
In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.
For that reason, please provide us with the following documents.
- Verifiable information on the brand’s founders (full name, place of residence, e-mail address)
- Scans of all pages of passports of directors, employees and shareholders
- Documents that confirm the existence of the company's settlement account
- Certificates from banks, certified by a notary, on the account activity and availability
- Characteristics of the gambling software and all related programs, as well as the results of their audit
- Personal recommendations received from financial experts from the state where the brand carries out its activity
- A comprehensive business plan
N.B.
- If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.
- Additional documents may be requested by the regulatory authority or local Bank at any point to certify specific information.