The Isle of Man is one of the premier locations for regulated online gaming in the world and Simcocks has developed specialist skills to keep pace with this vibrant and constantly evolving sector.
The internet has revolutionised online gambling and eGaming is now an international business phenomenon. The Isle of Man was one of the first jurisdictions to introduce legislation designed to regulate gambling, eGaming firms and protect customers.
As a result, Simcocks lawyers have partnered with key players in the industry to deliver creative but practical advice on the Isle of Man gambling law, regulations and the wide-ranging commercial issues connected with this sector.
Within this practice area, typical activities in which Simcocks has been involved include:
Simcocks’ technical legal capabilities and resources are complemented by the legislative framework of the Isle of Man which, as a leading financial and commercial jurisdiction, provides a tax efficient environment in which to hold and exploit intellectual property rights relevant to eGaming. The Isle of Man is also supported by efficient telecommunications facilities.
The Island has been energetically encouraging the development of the sector and has some generous incentives. It offers a zero rate of corporate taxation, no Capital Gains tax, low personal tax and low betting and gaming duty.
Simcocks, Isle of Man
Ridgeway House
Ridgeway Street
Douglas
Isle of Man
IM1 1EL