The Press Office of the Gambia Business Enterprise Zone BEZ (GambiaBEZ.com – Pin Code 7250 to enter) announces that an initial ten (10) Online Gaming or “Casino” licenses will become immediately available for purchase to the general public. These licenses will permit the owners to carry out online casino business worldwide (the only limitation being that they cannot do business with Gambian nationals, a relatively tiny market not of interest to most major casino operators).
The Gambian BEZ, established in 2013, now under new management, has made the long awaited announcement after the project was put on hold for several years pending market studies. The retail agents for the BEZ’s iCommerce Registry, Mediterranean Business Services Ltd. of Cyprus, which has long served as iCommerce Registry's retail marketing agents, announces that interested individuals and corporate buyers can purchase a casino company holding a gaming license by itself or they can choose a special package that includes all the key items necessary to set up an instant, turn-key online casino business. Such online casinos have historically yielded immense returns with minimal investments required and have long been considered the prime and most prized of all online businesses, with licenses very difficult to obtain – until now.
Only, minimum legally required possible due diligence is required and the Package will provide all the financial and corporate tools needed to maintain a fully offshore, 100% TAX-FREE casino operation for the licensees.
The business-friendly regulatory environment of the Gambia Business Enterprise Zone will undertake minimum government regulation of the casinos under the newly designed state-of-the-art legislation which has been enacted; while simultaneously ensuring compliance of the Gambia casino sector. It is worthy to note that The Gambia has never been blacklisted by the OECD, FATF or any other similar organisations and has never been branded as a “non-cooperative tax haven” by either. Thus as a jurisdiction it enjoys a clean slate free of any negative media publicity or negative branding. The Gambia seeks to maintain its high status as a prime new offshore jurisdiction offering the lowest prices available anywhere in the world, as well as the fastest turn-around times for incorporation and set-ups. Usually banks, insurance companies and now online casinos can be licensed in as little at 2 – 3 working days while regular IBC companies can be set up usually the same day in just hours.
Reporting requirements have been paired down to only the legal essentials. This is expected to make the running costs of Gambia-licensed online casinos significantly lower and much easier than similar casinos operated under much more restrictive licenses in other jurisdictions, avoiding otherwise excessive and unnecessary paperwork and the costs of lawyers, accountants, auditors and other compliance officials that may not be otherwise necessary.
Gambia has thus positioned itself to become the leader in the Online Casino market with its new streamlined legislation, offering the easiest, quickest and least expensive incorporation, set-up and operating arrangements of all jurisdictions in the entire industry.
If a company, or an individual wishes to purchase just a casino company with license rather than the full package, these will be available for only GBP £18,000 (including the required local registered office and agent) Licenses take approx. 48 hours to approve and be issue under the new casino licensing regime.
Initially only 10 licenses are to be issued after which the BEZ Board of Commissioners will meet to assess sales, pricing and the entire programme structure and procedure with a view to improving the package and improve functionality and profitability of the online casino licensees (if the programme is extended) and perhaps opening up the sale of another tranche of similar casino licenses.
For further information, applications or any questions regarding the sale of these 10 licenses, please contact the Gambia BEZ’s retail agents:
480 Cavo Greco Avenue
+(1) 347-284-0143 (USA)
+(44) 203 002 0655 (UK)
+(357) 220 07 237 (Cyprus)