For more information on our egaming services, or to arrange a meeting with our egaming team please leave us your email address in the box below and we will get in touch with you.
Cavendish Trust is a leading specialist trust and corporate service provider to e-Gaming companies and is included amongst a select group of organisations approved by the Isle of Man Government’s Department of Economic Development as an e-Gaming Professional Service Provider.
Cavendish Trust’s specialist team has over 30 years’ experience in all aspects of e-Gaming. With our highly knowledgeable personnel and team of experienced fiduciary professionals, we are ideally placed to provide a comprehensive offering to the e-Gaming industry, including:
- Corporate structuring advice incl. VAT minimisation and compliance
- Company formations in any jurisdiction required
- Provision of resident professionally qualified Directors
- Provision of resident Operations Manager and MLRO
- Business plan assistance including AML requirements
- Close working relationships with Regulators, IOM Government, lawyers and auditors
- Introductions to reputable IT hosting suppliers, payment solution providers and bankers
- Management of the licensing application and process
- Ongoing regulation and VAT compliance, post licensing
- Sourcing permanent offices and assistance with grant aid discussions
- Assistance with HR matters
- Ensuring compliance with all ongoing Isle of Man e-Gaming regulatory, statutory and accounting requirements, post licensing
The above is only part of the requirements when establishing an Isle of Man e-Gaming business. Cavendish, therefore, also provides the following complementary services to start up e-Gaming businesses:
- Personal taxation advice on structuring of assets
- Personal Isle of Man tax residence registration
- Local personal employment matters
- Local social care registration
- Assistance with property sourcing
- Local amenities registration
- Local personal tax compliance
- Social & leisure activities
- Property management
- Assistance with school registration
- Local professional introductions
Cavendish is represented in a number of jurisdictions including Malta, Jersey and Cyprus and, with this advantage, Cavendish is able to offer a prospective licensee a choice of licensing and structural arrangements depending on individual company needs.
The reasons why the Isle of Man is such an attractive jurisdiction for
e-Gaming Companies
The Isle of Man has become the jurisdiction of choice for the establishment and administration of a growing number of e-Gaming companies. Some of the most influential operators in the industry are now based in the Island and the number of e-Gaming license holders is steadily increasing. There are many factors which have led to the Island gaining this leading position:
- The Isle of Man has international recognition as a first rate regulated jurisdiction
- 100% protection of player funds
- Zero rate of corporate taxation and no capital gains tax
- Low betting and gaming duty
- World-class telecoms infrastructure including two self-healing rings serving the Isle of Man, with anti-DDOS attack technology
- Fully self-sufficient power infrastructure which is supported by diverse sub-sea interconnector gas and electricity supplies
- It has high quality support services (legal, accountancy and corporate services) with expertise in e-Gaming
- Excellent support service providers in hosting, IT and digital media
- The Isle of Man Government is committed to the on-going development of the e-Gaming sector
- Government grants available for up to 40% towards costs of relocation, marketing, hardware and software
- Its reputation as an ideal jurisdiction for AIM, ISDX Market or FTSE stock market listings
- Isle of Man entities applying for a UK gambling licence are exempted from the requirement to have a UK corporate footprint and to appoint a UK resident Fiscal Representative
Please contact James with any e-Gaming enquiries:
James Cunningham-Davis – Email: jcd@cavendishtrust.com
