UNITED KINGDOM
Online Gambling License
Obtaining licenses for gambling activities, tax consultancy & planning, legal strategy, consultancy, legal opinions & reports, and incorporating companies in European jurisdictions without requiring the licensing of related activities.
United Kingdom Online Gambling License
The UK Gambling Commission (UKGC) was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain.
The UK Gambling Commission (UKGC) was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain. Online gambling in the UK is regulated by the Gambling Act 2005. From 1 November 2014, further to the implementation of the Gambling (Licensing and Advertising) Act 2014 if a company provides remote gambling in Great Britain and any part of its remote gambling equipment is based in Great Britain or advertises gambling to consumers in Great Britain, the same has to apply for a remote gaming license from the UKGC.
The Gambling Act 2005 maintains the distinctions between gaming, betting, and participation in a lottery and in certain aspects continues to regulate each of them differently. The Gambling Act of 2005 provides a structure for the regulation of online gambling, which is defined as gambling in which people participate by using “remote communication”.
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UK iGaming License
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Gaming License
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Company Incorporation
The UK licensing regime allows a gambling software license (which might also require an operational license) and an operational license. The remote operating licenses for each type of gambling activity include:
- Betting
- Bingo
- Casino Games
- Gaming Machines
- Gambling Software
Provided an operator has the appropriate corporate structure, the same shall not be required to apply for multiple licenses for the different operations that it offers.
Following the implementation of the Gambling (Licensing and Advertising) Act 2014 operators providing facilities for gambling to British customers who currently do so in reliance on their EEA or White List jurisdiction licenses or other permissions will be subject to the Gambling Act’s licensing regime for the first time. Under transitional provisions, such operators who make “advanced applications” for appropriate Gambling Commission licenses will be granted a “continuation license.
Personal licenses are required by those performing specified management or operational function, as well as by shareholders having 10% or more interest in the applicant company for a license.
The gaming tax regime in the UK is based on a “point of consumption” approach. This means that the person making the bet does so while present at a place in the UK where betting facilities are provided in the course of a business and the bet is made using those facilities. Also, the person who makes the bet as principal is a UK person, and the bet is not an excluded bet. A UK person is defined as “an individual who usually lives in the United Kingdom, or a body corporate which is legally constituted in the United Kingdom”.
| Tax | Rate | |
| General Betting Duty | 15% for fixed-odds and totalisator bets | |
| 3% for financial spread bets | ||
| 10% for all other spread bets | ||
| 15% of the commission charges charged by betting exchanges to users who are UK citizens | ||
| Pool Betting Duty | 15% | |
| Remote Gaming Duty | 21% | |
| Gross Gaming Yield | Rate | |
| Land-Based Casino Gaming Duty | The first £2,471,000 | 15% |
| The next £1,703,500 | 20% | |
| The next £2,983,000 | 30% | |
| The next £6,296,500 | 40% | |
| The remainder | 50% | |
Offshore United Kingdom Company Incorporation
The United Kingdom stretches across the British Isles off the west coast of Europe and is surrounded by the Atlantic Ocean, the Irish Sea, the North Sea, and the English Channel. Is one of the “superpowers” of the world and known as a world leader. This country is considered an offshore financial center in terms of offshore commercial operations. Enjoying the most moderate fiscal climate in the European Union is often the basis on which multinational corporations operate in other EU countries.
The Main and Corporate Legislation for Limited Liability Partnerships (LLPs) is the Limited Liability Partnership Act of 2000 and the Income Tax and Corporate Tax Act of 1988 (as amended). This country has the largest number of concluded double taxation treaties and offers excellent opportunities for international tax planning.
You can choose from a number of types of entities you can incorporate in the UK: corporations, limited liability partnerships (LLP), private limited liability companies (LTD), partnerships, venture capital trusts, general partnerships, public and private limited liability companies.
The UK remains one of the top jurisdictions for holding companies and with the new changes in the corporate tax rate of 22% has turned it into a much more attractive vanity, especially as an offshore vehicle for tax efficiency in international business.
The most used type of company is the private limited liability company, being suitable for most types of business. The establishment of offshore companies in the UK implies the following advantages:
- exemption in the UK for dividends and foreign capital gains from substantial participation;
- the existence of a vast network of double taxation treaties;
- simplifying the process of entering the UK market as well as conducting business activities in the UK and EU;
- no withholding tax on dividends paid to offshore or fiduciary companies; generous audit exemptions;
- no minimum paid-up capital is required;
- citizens and non-UK citizens can use UK companies to benefit from anti-avoidance legislation under EU law – benefiting from the low level of taxation for businesses;
- limitation of debts for shareholders (owners);
- flexible corporate laws; no capital tax;
- almost no imitation for business purposes;
- offshore companies only need to file returns annually.
The UK’s largest use is also in tandem with another offshore company to reduce the tax rate to less than 5%.
Contact Szilaghi Consulting to Get Your United Kingdom Gambling License
Since 2004, Szilaghi Consulting has been working with startups, entrepreneurs, and companies already established for online gambling. We have worked all over the world, but we have a special and extensive practice in the United Kingdom. During this time, I gained a deep knowledge of the requirements and general obligations of the process of incorporating the company and obtaining a license for gambling in the United Kingdom. We have established relationships with industry stakeholders, including authorities, service providers, and other gaming companies. This positions us as market leaders in assisting our customers with the United Kingdom licensing goals.
Through our extensive and carefully verified network of contacts in the country, we can ensure that you move efficiently through the entire setup process. We know everything you need to know about requirements, criteria, nuances, and possible obstacles and can help you prevent and navigate whatever comes your way.
To incorporate the company and apply for a gambling license in the United Kingdom or just to discuss your plan, vision or options, contact Szilaghi Consulting today.
