Isle of Man

The Isle of Man has restructured its regulations and infrastructure to rebuild the market. Licensing is now overseen by the Department of Trade and Industry, and there is no longer a USD $2 million surety bond requirement. Instead, an insurance bond is required and its price is negotiable, making licenses more available to smaller operators.

In April 2005, the island announced a zero rate of income tax for the online gaming sector.

The annual license fee for a betting site is GBP 35,000 for a full license (or GBP 5,000 for a sublicense). Under a full license there is no limit to the number of games and forms of gambling. For 2010/2011 the tax rate for all nonregulated trading companies (including Internet gambling companies) is 0.0 percent. There is no corporation tax on gambling profits, no capital gains tax, no stamp duty, and no inheritance or succession tax on the Island.

The Gambling Supervision Commission requires that licensees have a "Four Eyes" approach in place at all times. To achieve an acceptable "Four Eyes," the licensee must have a minimum of two individual (noncorporate) directors resident in the Isle of Man.

In February 2010, the Isle of Man announced changes to its gambling regulations, now making it legal for iGaming firms to locate their non-gambling related activities – such as marketing, administration, software downloads, customer support, and relay servers – in the Island without an Online Gambling Regulation Act 2001 license.