Five reasons to base your gambling company in Gibraltar
An established regulator, a favourable tax environment and robust infrastructure; these are just some of the reasons why businesses are relocating to Gib.
The gambling industry is global in nature, but operators and suppliers must opt for a jurisdiction to call home. As geopolitical forces continue to cause storms across the world, finding a place that offers safe harbour is more important than ever. Gibraltar is a well-established gambling jurisdiction and home to some of the biggest businesses in the sector. And it’s easy to see why these organisations have set up shop here. From an enviable lifestyle to a respected regulator and favourable tax environment, Gibraltar has a lot to offer.
These are five reasons why you should move your gambling company to Gibraltar.
Established regulator:
The Gibraltar Regulatory Authority is one of the most established and respected in the industry and is renowned for its stringent licensing requirements. This is why it’s the licensing authority of choice for power player operators like Entain, 888, William Hill, Casumo and Betfred.
Licences are available for both B2C operators and B2B providers and can provide market access to some of the most important jurisdictions in the world.
Cross-border fluidity:
The recent post-Brexit cross-border agreement signed between the UK government, with the support of Gibraltar, and the European Union ends many years of delays to people and goods passing between Gibraltar and Spain.
It will be a catalyst for opportunity and economic growth, while making it much easier for Gibraltar-based companies to attract top talent from Spain and, indeed, the wider European Union.
Battle-tested infrastructure:
Infrastructure is one of the biggest considerations for organisations when it comes to deciding where to locate themselves. But the good news is that there are several battle-tested infrastructure providers in Gibraltar, such as Gibfibre, that can be used to power their businesses. Our offering includes a state-of-the-art data centre that meets stringent compliance standards (it’s ISO27001) while delivering unrivalled connectivity.
Our data centre is located in a purpose-built facility to meet the highest standards when it comes to cooling, connectivity, fire protection and security. Built to tier three status, the facility includes environmental monitoring for temperature and humidity, with cold aisles maintained at 22 degrees via energy-efficient EC fans. When it comes to connectivity, we offer a full range of services with global reach via a fully resilient 400gb backbone into continental Europe.
In terms of security, we have security-rated doors for enhanced protection and a door access control system with fingerprint and PIN authentication linked to rack keys. As for cybersecurity, DDoS protection is also offered as standard and is capable of handling unlimited dirty traffic to ensure only clean traffic makes it through.
Favourable tax environment:
Amid tightening margins, organisations need to consider the tax implications of where they base themselves. That’s why Gibraltar stands out with a competitive, favourable tax environment for gaming companies. There is no VAT applied to gaming services, and its corporation tax rate is among the lowest in Europe at just 12.5%.
Thriving gaming community:
There really is a strong gaming industry community in Gibraltar through which businesses and individuals connect and network. This provides an environment in which ideas can be shared and challenges overcome together. It also means organisations can be close to their core suppliers and customers, which in turn strengthens relationships and allows both parties to maximise the potential of their collaboration.
To learn more about our facility, or how we can support your business, get in touch here.
