Gibraltar Gambling Commission
The Gibraltar Gambling Commissioner and the Minister for Digital and Finance act as the gambling regulator and are responsible for issuing permits in Gibraltar. The Minister of Digital and Finance shall take into account the provisions of the general policy of the Government of Gibraltar and comply with its instructions.
Gibraltar Gambling Commissioner: license features
Companies with experience in providing online casino services and cross-licenses of international jurisdictions can obtain a Gibraltar license.
In accordance with the Gambling Act 2005, permissions in Gibraltar are divided into two types: B2B – providing services to users, B2C – developing and maintaining software for online casinos.
Permits are valid on the territory of the state and countries of the European Union. Issued in the name of the applicant and are not transferable to third parties.
Types of licenses:
- A bookmaker’s license – for bookmaking.
- A betting intermediary’s license – a betting intermediary.
- A gaming operator’s license – for land-based gambling business.
- A gaming machine license – for slot machines.
- A lottery promoter’s license – organization of lotteries.
- A pools promoter’s license – organization of billiards games.
- A remote gambling license – to provide online casino services.
To provide online casino services, operators need to obtain an A remote gambling license, the rest do not allow activities on the Internet.
Types of licensed gambling entertainment
Sites are allowed to:
- Black Jack;
- Slot machines.
It is difficult to obtain a Gibraltar license, as of February 1, 2020 there are 37 legal operators.
In the event of disputes, online casino players can file a complaint with the Gibraltar Gambling Commissioner. The Commissioner for Gambling considers appeals made online on the website or received by e-mail.
The owners of A remote gambling license must pay an annual tax of 0.15% of their annual income (if the profit exceeds 100,000 pounds). An additional tax of 10% is added to this rate.
Although Gibraltar is a member of the European Union, there is no VAT for licensees.
The cost of obtaining a Gibraltar Gambling Commissioner license
Licensees pay an annual license fee: B2C permit holders £100,000, B2B permit holders £85,000.
How to get a license for an online casino Gibraltar Gambling Commissioner
To obtain a Gibraltar license, the operator submits an application and a package of documents and confirms that the software used by him is certified. To do this, the software is tested by one of the independent testing institutes.
The process of issuing a certificate has a number of nuances, consists of 4 stages:
- Register a company in Gibraltar and appoint a project manager who must be located on the island.
- Create a clear business plan and pass an inspection of gaming equipment.
- Pass inspection by officials of the jurisdiction.
- Submit a package of documents for consideration.
The application review and verification process can take 14-90 days. The deadlines depend on the type of license, the amount of investment and other factors.
Requirements and conditions for an online casino for a Gibraltar license
In order for a certified gambling project in Portugal to receive permission from the regulator, it must meet certain criteria:
- the physical presence of the CEO at the company’s office located in Gibraltar;
- impeccably clean reputation of shareholders and management;
- impeccable experience in the field of gambling;
- license from another gambling commission (preferably Malta, Great Britain, Kahnawake);
- registration of a bank account in Gibraltar;
- payment of a permit fee (£100,000 for B2C, £75,000 for B2B).
Gibraltar Gambling Commissioner keeps a close eye on licensees. Certificates are issued to brands that are not involved in scandals and fraud. Online casino operators are thoroughly tested. The easiest way to get permission is for reliable projects with national and offshore licenses from the world’s leading regulators.
Advantages and disadvantages of the GGC license
Like any other license, the Gibraltar Gambling Commissioner gambling license has its strengths and weaknesses. We propose to consider in more detail the main ones.
- The license allows you to work in 200+ countries
- Low tax rate – 1%
- Thorough check of controlled brands
- Average cost of a certificate
- High security
- Privacy Guaranteed
- Getting benefits for good work
- Support for a wide range of payment systems
The first is the already mentioned relatively high price for a five-year license. Secondly, operators who plan to offer several types of gambling activities (for example, both casinos and betting) should pay attention to the fact that this may require several different licenses, since their types are limited to a specific type of activity.
Many Portuguese online casinos are trying to obtain a Gibraltar license. However, each project goes through a rigorous selection process. Need to meet a wide range of requirements. It is not always possible to get permission the first time.
The GGC certificate is a definite plus for the gambling portal, evidence of the reliability of the virtual establishment. Despite the high risks of rejection and the rather high cost of permission with the support of several gambling directions, many online casinos are trying to get it. The main reason is the automatic trust of customers and the attraction of high rollers, which has a positive effect on profit.
And finally, the process of obtaining a license is quite complex and requires the preparation of documents, a business plan and readiness for inspections and audits. The low number of companies licensed in Gibraltar illustrates that the authorities only issue licenses to those who can demonstrate a high standard of quality and organization.
Thus, it is not surprising that the Gibraltar license is one of the most prestigious. A huge success factor is the already existing license from another jurisdiction, as well as the professional support of experienced specialists who can help you cope with the difficulties and bring the matter to the end.
On this page you can find a list of casinos that have received a Gibraltar Gambling Commissioner license. All these gambling platforms are proven, reliable and prestigious, so you can be sure of your safety and enjoy the gaming process!