Gibraltar Jurisdiction

Among a number of the world's licensing jurisdictions, Gibraltar has recently gained much popularity and is nowadays recognized as a respectable jurisdiction. Although it remains a Crown Dependency of the UK, it is independent regarding the region's taxation policy, for instance.

First Achievements

Having started its history on the online gambling market back in 1998, the Gibraltar jurisdiction was not quite successful in regulating online gambling sites' activities until the Gambling Act 2005 was introduced. According to this act, the Gambling Commissioner was appointed as the major regulatory body of the region. This document also established brand-new gambling standards that applicants for specific licenses were to follow, including sufficient levels of security and reliability so that players could know from the very start that any site having a Gibraltar license belonged to safe online casinos.

Benefit Policy

As for the current situation in the online gambling industry, the Gibraltar jurisdiction has maintained its rating position and is now offering certain benefits to casinos applying for its licenses. These are mainly the following:

• No start-up license fee. Although licensed online casinos are to pay an annual fee of approximately £2,000, they don't have to pay money to get the initial license.
• No-tax status is provided to non-resident online gambling sites. Whereas the residents of Gibraltar jurisdiction generally pay the 1% gaming tax with a maximum value of £425,000 each year, casinos belonging to non-residents face amazing privileges, having no obligation to pay this tax. This is definitely one of the main reasons why Gibraltar is now considered one of the most developed offshore centers of the world.

Gibraltar Licensed Casinos

What's The Deal About?

Apparently, it is much due to the Gibraltar jurisdiction's taxation policy and its authorities' general outlook concerning the basic principles of how business issues should be dealt with that has converted the region from the UK's completely dependent appendage to an absolutely self-sustaining country which, along with Malta jurisdiction, for example, now provides a great variety of opportunities to online casinos willing to get the gambling license. In addition to that, the region has managed to reach unbelievable success regarding the levels of safety and reliability of the gambling sites the activities of which it currently regulates.