How to get a Gibraltar gambling license?

Obtaining a gambling license in Gibraltar. Types of gambling licenses in Gibraltar. The process of obtaining a license in Gibraltar. Gibraltar gambling license cost.

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Gibraltar is considered a very prestigious jurisdiction and has a good reputation. It is worth noting that Gibraltar’s gaming license application process is very difficult and the cost of this license is very high. Therefore, in order to legalize the gambling business in Gibraltar, you will have to make an effort.

Types of Gibraltar Gambling License

There are 2 types of gambling licenses in Gibraltar:

  • B&C
  • B&B

B&C license

This license is intended for operators who offer online and offline gambling activities. Operators can apply for a B&C license in order to be able to engage in the following gambling activities:

  • Online casinos
  • Remote betting 
  • Other remote gambling products 
  • Land-based casinos
  • Land-based bookmaker

B&B license

This type of license is intended for companies that develop the necessary software for online gambling platforms.

Requirements for obtaining a gambling license in Gibraltar

  • Identification documents.
  • Business plan.
  • Confirmation of financial viability.
  • The company, office, and directors must be present in Gibraltar.
  • Impeccable reputation of all founders and shareholders of the company.
  • Availability of experience in the gambling business.
  • A valid license in another jurisdiction.
  • All bank accounts must be opened in Gibraltar.
  • Confirmation of payment of the duty.

How much does a Gibraltar gambling license cost?

Before you decide to apply for a gambling license in Gibraltar, you should consider that the license is issued for five years. In this case, you do not need to additionally pay for the renewal of the license and documents every year.The cost of a gambling license in Gibraltar is different for B2C operators and B2B developers and software providers.

  • B2C operators — £100,000.
  • B2B developers and software provider — £85,000.

It should be noted that if an online casino operator wants to offer players several types of gambling activities, he needs to issue a license for each type separately.

The process of obtaining a license in Gibraltar

The procedure for getting a casino license in Gibraltar takes from 14 to 90 days. It all depends on the type of license chosen by the operator. Each future Gibraltar gambling license holder needs to go through a long and complicated procedure, which will include such stages as registering a company, checking equipment for gambling business, preparing and submitting all the necessary documents, etc.

Taxation

The tax on gambling in Gibraltar is low for large companies. The total amount of income must not exceed £425,000 or be less than £85,000 per year. In this case, gambling tax in Gibraltar is charged at 1% of income, which is a huge advantage for gambling business owners.

Disadvantages and Advantages of Gibraltar Gambling License

Advantages

  • The Government of Gibraltar encourages the development of the gambling business.
  • Low taxation.
  • Good reputation and prestige of the jurisdiction.
  • The ability to offer different types of gambling activities.

Disadvantages

  • The high price for obtaining a gambling license.
  • Lack of a single license for all types of gambling activities.
  • The process of obtaining a license is very complicated and requires the preparation of a huge number of documents.

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