Our Capabilities

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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. Our highly knowledgeable personnel include 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 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 Tina or Ray 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 2018. All rights reserved. Licensed by the Isle of Man Financial Services Authority.