Frequently Asked Questions about Alderney eGambling License
Alderney has a favourable taxation system and a progressive legislation with a risk-based approach to regulation of gambling activities. This means that operators only need to comply with requirements that are relevant to their operations. Moreover, Alderney is authorised to advertise in the UK since it is a member of the UK's Gambling Commission whitelist. Finally, this is a very reputable license and players will likely to perceive an Alderney-licensed brand as a safe place to play games online.
Company's owners are not required to have a physical presence in Alderney. However, it is required to have a local registered agent and locate gaming servers in a hosting centre approved by Alderney Gambling Control Commission.
It is required to provide documentary evidence of how the Alderney licensee company has been initially capitalised. The Alderney company must be adequately financed at all times to satisfy the following conditions: cash must always exceed player balances; current assets must always exceed current liabilities; total assets must always exceed total liabilities by at least 25%.
There must be at least 1 Director and 1 Shareholder in the company's structure. No nationality or residency restrictions.
The corporate tax rate for Alderney is 0% and there is no additional gaming tax.
Both afford a company equal abilities, however, Certificates are granted to companies registered abroad, and Licenses are for those incorporated in Alderney.
The licensing process usually takes around 4 months if all the documents are in order. Application timeframe will depend on the complexity of ownership structure, commercial proposition, and cooperation of the related parties since the application process runs in close collaboration with an applicant.
Yes, a meeting with the Alderney Gambling Control Commission will be arranged. At the meeting the commission will duscuss with the applicant:
- Business plan and proposed e-gambling operations;
- Potential business and executive associates, such as external software providers;
- Corporate entities who may be involved in the operation;
- Persons who may need to apply for key individual certificates.
License validity period is one year and it must be renewed annually.