Isle of Man

Isle of Man

Gaming License:Isle of Man

The gaming license of the Isle of Man costs more, but it has a number of decisive advantages. Firstly, a company with an Isle of Man license operates within the legal framework of the UK, and secondly, a company on the Isle of Man has great opportunities for capitalization and subsequent sale of shares.

Advantages of the license

What are the advantages of the Isle of Man license?

Speed of obtaining:

the duration of the license obtaining process is from 3 to 4 months.

Types of games covered by the license:

all types of games are covered by one license and, moreover, like any offshore license, it gives you the opportunity to operate in any country where it is not prohibited by law.

Tax on the provision of gaming services:

ranges from 0.1% to 1.5% of gross gaming revenue (GGR). There is no corporate tax, VAT is also not charged.

Step-by-step guide

How can we help you with obtaining the license?

Step 1. Company registration for obtaining a license on the Isle of Man

SUPPORT IN THE PREPARATION OF DOCUMENTS

Statement of Compliance
Memorandum of Association
Articles of Association of the company
Applications for company registration

Documents prepared by you

Copies of identity cards or UBO passportsА
UBO bank account statements
UBO utility bills
Additional identity document
Certificate of no criminal record
Resume (CV)
Detailed business plan and description of target markets
Description of proposed games
RNG certificates for gaming software
Confirmation that servers are located on the Isle of Man

Deadlines

1. Preparatory actions

3 working days

Collection and verification of documents
Business plan analysis
Preparation of necessary forms
Appointment of two local directors

2. Opening a bank account to pay state fees for application review

2-4 weeks

Bank selection
Document preparation
Obtaining bank details

3. Registration actions

3-4 weeks

Submission of application for name approval
Submission of all necessary documents to the registrar
Payment of registration fee

Step 2. Development of a package of documents for the website

SUPPORT IN THE PREPARATION OF DOCUMENTS

Terms and Conditions (T&Cs)
Know Your Customer (KYC) Policy
Responsible Gaming Policy
Privacy Policy
Cookie Policy
AML Policies

Documents prepared by you

Questionnaire

Deadlines

1. Preparatory actions

3 working days

Information collection and analysis of completed form
help with documents

2. Approval and publication

1-5 working days

Document approval
Publication of document on the website
Updating information on the website if necessary

Step 3. Obtaining a license

SUPPORT IN THE PREPARATION OF DOCUMENTS

Completed license application form
Form with information about the legal entity - applicant
Form with information about the director
Questionnaire for each key person

Documents prepared by you

Recently certified copy of passport for travel abroad
Document confirming address
Resume (CV)
Professional letter of recommendation
Bank reference
Business plan
Corporate documents of the applicant company
Confirmation of domain ownership
Certificates of content providers and/or RNG testing (Software License Agreement)
SOW and SOF

Deadlines

1. Preparatory actions

5 working days

Preparation of document package

2. Obtaining a license

11-16 weeks

Submission of application and supporting documents
Payment of registration fee
Support of licensing procedure

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Already more 80 companies around the world trust us

Legarithm quickly helped with the choice of license. After the first consultation, I realized that the best option for me is a Malta license. I liked that lawyers offer several options and give the opportunity to choose, rather than imposing only one service. I am especially grateful to Vladyslav for his help.

The company has the experience and resources to answer customer questions quickly and efficiently.

Professional experience. Many thanks to the lawyers for their hard work. We were guided by the fact that the process of obtaining a license would take up to 2 months, but in reality it took only 2 weeks. We will definitely recommend you!

All my wishes were taken into account, they were constantly in touch at every stage of obtaining a Malta license.

This company is one of the few companies in the niche where the service is really customer-oriented. Specialists are understandable, they communicate in the same language as you. For the first time, it was easy for me to work with lawyers, and to my surprise, I received answers to inquiries on weekends.

team

We - Legarithm.

We take a proactive approach to help you make informed decisions. Our team will help you register a company, open a bank account, choose and get a license, and build a business from scratch. Moreover, we value your time, so we created a platform where you can track the current status of work with all deadlines. Our main goal is to provide excellent service and create strong, long-term relationships built on trust and mutually beneficial cooperation