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Overview
Alderney has well developed jurisdiction and infrastructure for providing online gambling services and products with different licenses and certificates that provide with various business operating opportunities.
Incorporation & obtaining license: within 2 months (from the moment of submission of documents to the Regulator)
Minimum paid up capital:
License fee: GBG 47 500.00 (+mandatory deposit, if there is no previous licensed activity in Alderney. Deposits depend on the type of license and proposed business activities)
License renewal:
- ▪GBG 35 000.00 – 400 000.00 (depends on the type of license and gaming yield)
- ▪+ GBG 3 000.00 (annual gambling associate fee per gambling business associate)
Overview
Alderney is third largest of the Channel Island, and is an independent British Crown Protectorate and is part of Bailiwick of Guernsey. The small island is located in English Channel, south of England and in close proximity to north-west coast of France.
To acquire a gambling license in Alderney the formation of a local company is not necessary in all cases. Moreover, incorporation of a company requires relatively small amount of resources.
Alderney Gambling Control Commission (AGCC) has developed and maintains a high reputation for eGambling business in Alderney and around the globe. Companies holding licenses or certificates in Alderney possesses a trustful image and it is thanks to the investigation process and standards maintained by AGCC.
For online gambling operating purposes AGCC offers various licenses and certificates and each of them offers their holders different opportunities. Accordingly, company can be based in or outside the borders of Alderney and the same goes for its servers. It has to be noted that also licenses and certificates separate the range of service which can be provided to its clients. Depending on the choice or needs certificate or license can permit to work with customer or with other companies.
Although obtaining a license or certificate in Alderney is not relatively cheap, but in general Alderney is a reputable place with well-developed jurisdiction and infrastructure for online gambling and due to the online gambling equipment testing, the players can be confident that provided games are fair.
Comprehensive Guide to Company Incorporation
General information
Company structure
- ▪At one shareholders (can also be a legal person, no nationality restriction or residency restrictions)
- ▪Only one director (can also be a legal person, no nationality or residency restrictions)
Confidentiality
- ▪Beneficial owners’ details – Not part of public record
- ▪Shareholders’ details – Not part of public record
- ▪Directors’ details –Not part of public record
Taxation
- ▪0% – corporation tax with a few exceptions:
– specified banking activities – 10%
– profits derived from activities that are regulated by the Office of Utility Regulation – 20%
– income derived from Guernsey land and buildings – 20%
Other benefits
There is no restriction on form of meeting for shareholders and directors and no restriction for place of meeting
Accounting requirements – Every year before 31st January annual return must be submitted together with general information about company and its directors and members
Secretary – Required
Registered Agent – Required – Corporate Service Provider (CSP) or Director who is resident in Alderney
Registered office – Required
Local employees – Not Required
Company name
- ▪Language: Any
- ▪Letters: Any
- ▪Company name must end with such sufixes or their abbreviations: Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima, Sendirian Berhad, Societe a Responsabilite Limitee, Besloten Vennootschap, Gesellschaft mit beschrankter Haftung. An International Company may utilise a broad range of internationally accepted abbreviated words as suffixes to denote their limited liability.
- ▪Names Requiring Consent or a Licence: Bank, buildings society, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, finance
N.B.
- ▪Restricted connections for company name: name of state, national or local government.
- ▪Any name that implies illegal activity or implies royal or government patronage is restricted.
- ▪Registrar may reject any name which it considers undesirable or contrary to the public interest.
- ▪Company name is restricted to be identical or similar that of an existing company.
- ▪In case when foreign language is used for company name the translation must be provided to Registrar which will ensure conformity to above listed restrictions.
In order to obtain a license, the following steps will be carried out:
Alderney company registration
- ▪Preparation of all necessary documents for Corporate Service Provider (CSP) and submission of the documents
- ▪Drafting of Anti-money laundering procedures and Business Plan for the Company
- ▪Account opening in a European Bank for operational purposes
Obtaining eGaming licences
- ▪Preparation of all necessary documents submitting license application to AGCC.
- ▪Client meeting with AGCC in order to facilitate a better understanding of company’s -operational and financial objectives as well as its strategy, and relevant questions regarding company’s gambling operations and compulsory requirements
- ▪Drafting of Internal Control System (ICS) document
- ▪Preparation of documents for gambling equipment approval
In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.
For that reason, please provide us with the following documents.
For bank:
(Each beneficial owner, shareholder, director, authorised signatory and secretary must provide)
- ▪A notarized copy of valid passport
- ▪A copy of proof of residential address (ex. utility bill that is not older than 3 months)
- ▪A notarized copy of Letter of Reference form Bank, Attorney or Accountant
- ▪Corporate Documents (Copies must be notarized or certified by a practicing attorney)
For local regulatory authority:
(Each beneficial owner, shareholder, director, authorised signatory and secretary must provide)
- ▪CV
- ▪A notarized copy of valid passport
- ▪A copy of proof of residential address (ex. utility bill that is not older than 3 months)
- ▪Professional letter/bank reference
- ▪A notarized copy of a University Diploma
N.B.
- ▪If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.
- ▪Please ensure that notarization is in English language if not then please provide with notarized English translation.
Additional documents may be requested by the regulatory authority or local Bank at any point to certify specific information.