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?
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Speed of
obtaining:the duration of the license obtaining process is from 3 to 4 months.
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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.
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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.
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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
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Statement of Compliance
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Memorandum of Association
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Articles of Association of the company
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Applications for company registration
Documents prepared by you
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Copies of identity cards or UBO passportsА
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UBO bank account statements
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UBO utility bills
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Additional identity document
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Certificate of no criminal record
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Resume (CV)
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Detailed business plan and description of target markets
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Description of proposed games
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RNG certificates for gaming software
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Confirmation that servers are located on the Isle of Man
Deadlines
1. Preparatory actions
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3 working days
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Collection and verification of documents
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Business plan analysis
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Preparation of necessary forms
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Appointment of two local directors
2. Opening a bank account to pay state fees for application review
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2-4 weeks
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Bank selection
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Document preparation
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Obtaining bank details
3. Registration actions
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3-4 weeks
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Submission of application for name approval
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Submission of all necessary documents to the registrar
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Payment of registration fee
Step 2. Development of a package of documents for the website
SUPPORT IN THE PREPARATION OF DOCUMENTS
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Terms and Conditions (T&Cs)
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Know Your Customer (KYC) Policy
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Responsible Gaming Policy
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Privacy Policy
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Cookie Policy
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AML Policies
Documents prepared by you
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Questionnaire
Deadlines
1. Preparatory actions
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3 working days
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Information collection and analysis of completed form
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help with documents
2. Approval and publication
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1-5 working days
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Document approval
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Publication of document on the website
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Updating information on the website if necessary
Step 3. Obtaining a license
SUPPORT IN THE PREPARATION OF DOCUMENTS
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Completed license application form
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Form with information about the legal entity - applicant
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Form with information about the director
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Questionnaire for each key person
Documents prepared by you
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Recently certified copy of passport for travel abroad
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Document confirming address
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Resume (CV)
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Professional letter of recommendation
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Bank reference
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Business plan
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Corporate documents of the applicant company
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Confirmation of domain ownership
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Certificates of content providers and/or RNG testing (Software License Agreement)
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SOW and SOF
Deadlines
1. Preparatory actions
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5 working days
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Preparation of document package
2. Obtaining a license
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11-16 weeks
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Submission of application and supporting documents
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Payment of registration fee
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Support of licensing procedure
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what we offer
Gambling Jurisdiction
Terminates
Already more 80 companies around the world trust us
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
120+
Registered foreign companies<
100+
Licenses obtained
80+
Companies serviced
Vladyslav Drapii
Stanislav Sklyarov
Anastasiia Kolomiiets
Iryna Hrabovetska
COMMON QUESTIONS
Frequently Asked Questions
Where do I need to register a company to obtain a license?
There are no specific jurisdiction requirements, but we often recommend Costa Rica. There, the corporate tax rate is 0%, and the company registration procedure is simple and carried out remotely.
Can you help with opening an account and connecting a merchant account?
Yes, we can help with opening a bank account and connecting a merchant account.
Do I need a gambling license?
If you register players, offer gambling and accept bets using the Isle of Man infrastructure, you need a license under the Online Gambling Regulation Act 2001 (OGRA).
Do all types of gambling on the Isle of Man require a license?
Not all types of gambling activities require an OGRA license. For example, marketing, free games without prizes, administration of gaming companies, call centers, customer support, backup recovery and software development/sale/testing/maintenance do not require a license.
What types of licenses are there on the Isle of Man?
Full license (OGRA Basic License): The main license that allows B2C operations, registering players and storing their data. You can also offer White Label to other operators and have several sublicensees for an additional fee of 5,000 GBP each. Sublicense: Suitable for new operators or companies with a potential player base without their own products. Sublicenses are granted at a reduced fee and are subject to an exclusive agreement with the full license holder. Network Services License: Allows hosting players from casinos licensed in other jurisdictions without re-registration. Quick migration of player data to the Isle of Man server without KYC or AML checks. B2B license: For software providers. The software undergoes testing and certification for inclusion in the GSC Games Registry.