So it makes it an advantageous proposition for companies based there that operate online businesses. And only 0.15% of its gross gambling yield goes to the government. A Gibraltar-based company only pays 10% corporation tax. The bottom line, however, is that what matters is money. Also, the jurisdiction holds close ties to the UK, US, Europe, Israel, Asia, and some other significant start-up hubs. It consists of a vital communications infrastructure, business-friendly government, competitive taxation, and a qualified workforce. These include the technology, telecommunication, and media industries locally and internationally. There are many reasons why Gibraltar is home to numerous companies. In addition, licenses are available for both remote betting and land-based operations.

The GRA license covers Sports, eSports, Poker, Horse racing, Bingo, and even telephone betting. Some betting sites with a GRA license include Betvictor, Parimatch, Kwiff, and Energybet. As a result, it provides the perfect mix of no VAT, low taxes, and plenty of available workers. The territory offers licenses to online operators looking to license their gambling businesses. Since 2005, the Gibraltar Regulatory Authority has managed the process and the Gambling Commissioner assigns its authority. Gibraltar began issuing casino licenses in 1998. The island is also home to around 32,000 people.

It is next to Spain and is a British Overseas Territory. Gibraltar is located at the tip of the Iberian Peninsula.

Gibraltar gambling license cost