Why is it necessary to Open Tax Haven?

For a bookmaker, it’s necessarily open not only an offshore company and a bank account, but also an offshore merchant account – a trading account. Especially if the turnover is planned from $100,000 less and higher, and receipt and payment of cash must be made almost daily. In addition to all of the above, no doubt today’s off-shore online betting business will also involve electronic currencies.

For a person who is going to do bookmaking business online and offshore it’s really very important to choose the right place for your registration. Usually, it’s recommended first to choose a foreign bank, but in the online betting business it should be taken into account that there are countries and jurisdictions where sports bets are banned.

If people want to be their own director and shareholder (which is right in the betting shop business in terms of further opening a bank account and merchant account), all offshore jurisdictions where information about the directors and shareholders is in the public register – disappear. That is, the client does not fit Panama, Hong Kong and New Zealand.

Relevant for the choice of jurisdiction and the jurisdiction where the servers are located, as well as the domain name corresponding to the territory. In some cases, the right domain name can help and when you open a foreign bank account. When you open a bank account in the future it is very important to know and see the client website, as is only natural that the bank’s business is important to know your customer and a good betting website and help with opening a bank account and opening a merchant account for receiving payments from the cards online.

The main advantages of an offshore merchant account for betting business:

• You get easy access to international markets and customers
• The ability to offer its customers convenient payment options
• Instant payment on-line helps commit impulsive purchases
• A significant increase in your sales
• Increase your competitiveness
• You can sell your products/services, 24 hours a day/365 days a year, without breaks and days off

One of the most liberal to the sports betting jurisdictions considered to be Costa Rica . You can get a gambling license, including for online bookmakers, as well as online casino gambling Igor poker. A gambling license in Costa Rica under the terms and cost of obtaining is one of the best. Profits from gambling tax in Costa Rica on the subject (provided that the company does not accept bets from citizens of Costa Rica). In fact – this is a license for data management as well as a gaming activity in Costa Rica has not been resolved. Gambling license can be obtained only on a company registered in Costa Rica and you will have to hire a few local staff in the company, to issue to the bottom of the insurance in the National Insurance Institute and to issue them formally in the Social Insurance Fund of Costa Rica.

Antigua – an island in the Lesser Antilles group (Caribbean). One of the main areas for offshore gambling companies targeting US customers. During and for a long time are in a legal dispute with the US Government on the question of the legality of the ban on the game.

Curacao – an island group of the Lesser Antilles (Caribbean), the largest of them, which is part of the Netherlands Antilles. Superb communication system, internal infrastructure contributes to the fact that it was in Curacao holds much of the offshore islands of business. Registered in Curacao gaming company focused on customers from the USA and the Netherlands. For gambling activities require a license by the Ministry of Justice of Curacao, or receiving a sublicense from the main license holder. Online game is governed by the decision of National Ordinance Offshore Games of Hazard. Now there is a process of updating the legal and regulatory framework for online games, the goal – to take a leading position in this segment. In this process, an agreement with the UK Government is on the recognition of mutual rights and jurisdictions.
The basic license will license the company itself and in addition gives the company permission to open a sub-license to companies which are under the responsibility of the main license.

Sublicense enables legally engage in gambling, but without the right to grant sub-licenses to other companies.

License Curacao – single, covers all types of gambling, whether it is a tote, bookmaker, casino, bingo, etc. All operating companies licensed by the Curacao must contain the official seal of the license.

A favorable legal and regulatory environment of the offshore zone, close relationship with Britain, its culture and laws have helped to develop a positive view of Gibraltar and to attract a large number of operators of gambling, were among the first Ladbrokes and by Victor Chandler . The legal basis for online gambling – Gambling Act 2005. The law gives the authorities a wide range of powers to investigate and, if necessary, intervention in the gambling business. The duties of the Ombudsman for the implementation of the gambling activity is to monitor the compliance of the terms of the gambling companies to obtain licenses, moreover, authorized to implement the gambling activity is fully responsible for ensuring that the implementation of the activities of gambling establishments licensees fully consistent with the principles of maintaining the good reputation of Gibraltar. Suspension of license may be the result of non-compliance with such terms.

Bookmaking business is very easy to create a business with multiple offshore flags. That is the domain name you register in one jurisdiction, hosting or server to another offshore company in the third (Nevis), a bank account in the fourth (Switzerland), the trading account in the fifth (Asia), and a second passport – in the sixth. Even if you stop for a gaming license in Costa Rica, the second passport in Costa Rica – it’s not the best, not the fastest or cheapest option. Take a closer look to the Paraguay!