It can be a bit surprising to see so many casinos and bookmakers choosing this nation to apply for a license. The country is the offshore gambling hub for the British Overseas Territory and is a place where casinos can apply for a license. Many of those who choose this place do it for tax reasons, but other arguments weigh heavily in the balance.
Gambling companies choose the Europort
Gibraltar has a fair degree of independence, but it is still a British territory. This means that it enjoys the full support of the UK and projects the image of trustworthiness that few other countries can brag about. The country is small and just about 30,000 people are living here, yet the country has its airport. It is the Europort that acts as a hub for gambling companies who seek to open shop here and apply for a license.
The business area is booming and the main incentive for gambling companies to come here is given by the VAT incentive. Bookmakers and mobile casinos like this website perform in a highly competitive environment and they struggle to get a dominant position. They compete for a shrinking slice of the pie, so these tax breaks represent huge incentives for them to choose one country over the other. Not paying VAT on advertising means a great deal for gambling giants who spend huge amounts every year on marketing.
Low taxes and predictable legislation
When it comes to tax, Gibraltar is a much better alternative to the UK, but also many other European nations. The corporate tax is lower and there are many other financial incentives offered to businesses who open shop here. The fact that English is the official language here also helps, not to mention that all the gambling experts work together in a relatively small space. This means that all sorts of interactions are facilitated and the costs are also lower than hosting these aspects in the UK.
Gambling operators are equally interested in legislation and want the environment to be predictable. This is something that happens in Gibraltar, where the laws are clear and gambling companies know exactly what to expect. They are capable of creating long-term strategies because they know with a fair degree of certainty what will happen in the years to come. Predictability is very important in this line of work and with Gibraltar being a gracious host for more than two decades, everyone feels safe here.
As more gambling companies choose this tiny nation, they provide others with the incentive to consider moving here. This leads to an ever-growing talent pool, so recruiters have an easier task of finding capable employees. Brexit was frightening for gambling companies but so far it failed to generate the dramatic negative effects that would determine them to leave Gibraltar.
