Gambling license in Gibraltar

Located on the Iberian Peninsula, Gibraltar is a British Overseas Territory. Despite Brexit, Gibraltar remains a respected member of the international community and is widely recognized as an international tax haven. It is highly regarded by offshore professionals for its advantageous tax structure and the sophistication and development of its financial services sector.

The Gibraltar Gambling Commission (GGC), established in 2005, is a highly respected regulatory body overseeing and licensing gambling operators in Gibraltar. The commission’s primary role is to ensure operators provide fair services, protect players, and prevent criminal activities. As one of the most esteemed authorities in gambling regulation, the GGC grants licenses and offers a range of other services.

Advantages of obtaining a gambling license in Gibraltar:

• Extremely prestigious, simply because the GGC has such high standards, for instance, it will only grant licenses to companies that are already licensed in a second respectable jurisdiction and can prove themselves to be in good financial standing. As such, there is almost no chance that a rogue operator will receive a license.
• Gibraltar offers attractive tax benefits, including no Value Added Tax (VAT) on gambling services and low corporate tax rates, making it a cost-effective location for gaming companies.
• License is valid for 5 years
• Holding a Gibraltar gaming license grants access to the European market, positioning it as a strategic hub for operators aiming to reach a wide audience.

Requirements for obtaining a gambling license in Gibraltar:

• Applicants are required to set up a legal entity in Gibraltar to conduct their online gaming operations.
• Having a local director in Gibraltar is a must for license obtaining.
• A minimum of one director, one secretary, and one shareholder must be appointed. A sole director cannot be appointed as sole secretary of the same company, however, if the company has two directors, one of them can be appointed as secretary as well.
• Applicants need to have prior experience in the gambling industry, possess licenses from other reputable authorities.
• Applicants must also explain the economic benefits they will bring to Gibraltar, such as employment, office space rental, technical infrastructure providers’ usage, and future tax yield.
• Applicants must demonstrate financial stability and provide a feasible business plan

Stages  for obtaining a gambling license in Gibraltar:

1. Incorporation of the company.
2. Engage with the Gibraltar Gambling Division and the Gambling Commissioner before submitting a license application form.
3. After getting approval from the commissioner, submit the application.
4. Once all requirements are fulfilled and the application is approved, a gaming license is issued, permitting operators to conduct gaming activities in Gibraltar legally.

The timeline for obtaining a license in Gibraltar:

•  It can take from 5 to 6 Months to obtain the license.

If you need a gambling license in Gibraltar, contact SBSB Fintech Lawyers. We have been specializing in FinTech and Crypto and Gambling projects since 2013, providing tailor-made solutions for each client, taking into account the company’s business model. We will help you choose the most appropriate type of license and prepare the necessary documents to legalize your gambling business and obtain a gambling license in Gibraltar in accordance with the law, providing full legal support.