Our Capabilities

logo-awardCavendish 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. Our highly knowledgeable personnel include the former Director and the former Head of Operations for the Government’s e-Gaming Division plus a team of experienced fiduciary professionals, so 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 licencing 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 Jersey, Malta and Cyprus and, with this advantage, is able to offer a prospective licensee a choice of licensing and structural arrangements depending on individual company needs.

Cavendish is also able to help facilitate licensing for companies specializing in Binary Options and Foreign Exchange trading.

It is increasingly the view that “it pays to be regulated” and the Isle of Man and Jersey are two of the best jurisdictions to be based in, in this regard.

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:

  • It was one of the very few jurisdictions listed on the UK’s e-Gaming ‘White List’, meaning companies based in the Isle of Man can advertise in the UK.  The UK White List is being replaced by a new licensing regime in the UK and applicants for an Isle of Man OGRA license can benefit from favourable UK license transitional arrangements
  • Once the new UK licensing regime is finalized, it is expected to be similar to the Island’s licensing regime and in many ways, should be complementary
  • 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

Please contact Tina or Tim with any e-Gaming enquiries:

Tina Rawlinson – Email: tr@cavendishtrust.com
Ray Davies – Email: rd@cavendishtrust.com

 

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Contact Us

  • Cavendish Trust Company Limited
    31-37 North Quay
    Douglas
    Isle of Man
    IM1 4LB
  • +44 1624 679000
  • +44 1624 679500

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© Cavendish Trust Company Limited 2017. All rights reserved. Licensed by the Isle of Man Financial Services Authority.