In an article for iNTERGAMINGi, Carey Olsen partner Marcus
Pallot and director at Garfield Bennett trust, William Bennett,
offer an introduction into what Jersey can provide as a
jurisdiction for the eGaming Industry.
An Introduction to Jersey - a new home for the eGaming Industry
in the Channel Islands
Most people will be aware of Jersey's reputation as a
leading financial centre. The Island, just a few miles from the
French coast, has been repeatedly endorsed by international bodies
and has won numerous awards as an offshore and international
Jersey's robust, modern and sophisticated legal framework is
the foundation of Jersey's finance industry and developments
are continually being made to ensure it remains attractive to
domestic and international markets.
Jersey's tax-neutral environment provides financial
certainty as there is:
No Capital Transfer Tax,
No Capital Gains Tax,
No Value Added Tax (VAT),
No Withholding Taxes,
No Stamp duty on trading company share transfers, and
No Wealth Taxes.
As a base for business, Jersey has a reputation that is second
Jersey for eGaming
More recently, the Jersey Government Council of Ministers
conducted a detailed review of the existing legislation and
regulation of the Island's remote gambling industry. The review
concluded that the existing Jersey permissive regime was fit for
purpose and would continue under its existing independent regulator
the Jersey Gambling Commission (JGC).
Having introduced robust and flexible remote gambling
legislation, the JGC, which is business friendly and approachable,
is open to consider reforms to its regulations to ensure that its
dynamic operational environment continues and to take advantage of
emerging opportunities. Industry has an excellent relationship with
Further extending its tax-neutral environment, Jersey has no
gaming duty and the JGC has recognised and introduced licence costs
that better reflect the costs of licensing for remote gambling
activity, especially in the modern multi-jurisdictional operational
The licensing regime is straightforward too. Jersey has a single
B-2-C licence and/or a single B-2-B licence designed to capture all
commercial gambling activity and which permits ancillary
business. Whilst independent games and technology testing is a
licence requirement, the Regulator will recognise testing
certification recently approved by approved independent testing
Jersey is fully aligned with the highest standards of the third
anti-money laundering EU Directive and the JGC provides further
protection of the integrity and reputation of the Island to ensure
Jersey presents a top class jurisdiction for eGaming. For
companies operating casino style services and/or for those who
administer third parties' funds, the Jersey Financial Services
Commission acts as the supervisory body and requires high standards
both of corporate governance and anti-money laundering
Jersey offers a comprehensive and robust business, power and
communication infrastructure. It has three World-class data
centres, with provisions for disaster recovery, cloud services and
comprehensive DDoS protection. It benefits from a host of banks,
Payment Service Providers ("PSPs"), all major accountancy
firms and first tier legal practices.
Jersey does not require staff or specific services to be located
on Island, with the exception of some data hosting and a locally
incorporated company to hold the licence, and the government has
dedicated teams who will provide assistance to operators wishing to
establish part of their operations on Island.
For the modern remote gambling operator, Jersey's reputation
for sound regulation cannot be equalled and the jurisdiction has
become a very real and competitive alternative to the modern remote
To read more from iNTERGAMINGi, please click here.
Previously published by iNTERGAMINGi
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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