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GibraltarLocated at the southernmost tip of Europe, Gibraltar has become known as an online gambling center. Gibraltar hosts as many as 20 online betting and gaming firms employing approximately 2,000 people. The gambling industry has become its largest employer and tenant. Many online gaming operators view Gibraltar as the best place to locate their operation. Gibraltar began offering licenses to online gaming sites in 1998. Currently the country licenses sportsbooks, online casinos, and betting exchanges. Gibraltar primarily licenses operators with a proven track record and requires software testing as part of the process. There are no start-up licensing fees, but there is an annual fee of GBP 2,000. The tax rate for online gaming operations was 1% of turnover, with the gaming tax capped at EUR 500,000 per year. For 2011 the tax rate was raised by a factor of 10 (to 10%) to align that industry’s taxation with the rate for other industry businesses. Businesses already registered in Gibraltar will still not pay the Value Added Tax (VAT), which should keep the overall taxation bearable. 291 Gibraltar sites support English. edit your preferences Gibraltar
Address
Ministry of Finance Gambling Division No. 6 Convent Place Gibraltar Website Business Offices +350 20064145 Fax +350 20079901 View All Gaming Jurisdictions Gibraltar Jurisdiction News
Betfair move to Gibraltar gambling licence
Betfair to move to Gibraltar licence to save money on British gambling tax payments. William Hill move telephone business to Gibraltar William Hill says unfair tax regime putting pressure on their business, as they shift telephone arm to Gibraltar. Ladbrokes confirms Gibraltar move for online gambling International news brief: Move of eGaming business will cost UK Treasury millions. UK gambling tax puts us at disadvantage, says Betfair International news brief: Betfair attack the Treasury's online gambling tax rates and refuse to rule out a move offshore.
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