The Isle of Man is a highly regarded jurisdiction for regulated online gambling. Its online gambling regulations continue to be updated to reflect the constant changes and requirements of the online gambling sector. The Island’s tax system creates a number of opportunities for operators. The corporation tax is 0 percent, and the maximum personal income tax payable by a person residing on the Island is now £115,000. And while the operating company will benefit from zero tax by locating on the Island, both the owners and the key employees can also make significant tax savings if they also move to the Island. By residing on the Island, these individuals can, for example, benefit from the personal tax cap on their worldwide income, a zero rate of corporation tax on the companies’ profits, no capital gains tax on the sale of all or part of the company and no inheritance tax.
Overseas online gambling operators can now use the Island as a disaster recovery center and instantly switch operations to the Island in the event of an overseas disaster occurring. And advertising companies can set up operations on the Island to advertise online gambling without the need for any form of license.