Gambling Offshore? The Best Places to Open an Account
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Online gambling is a huge industry worth around US$60 billion annually. The industry employed tens of thousands of people all over the world. Malta is one of the most trusted offshore locations for gamblers and businesses. The Isle of Man is an independent island nation with a reputation amongst offshore gambling firms. It is known for its highly skilled workforce and efficient tax system. Its economy was unaffected by Brexit. There are many businesses that have set up operations in Malta. They are not only generous to employees but to their customers. In Malta, tax breaks are generous for both the customers and the employees.
Gambling is a massive industry worth around US$60 billion annually and growing at 7% each year. Offshore and online gaming industry employed tens of thousands of people all over the globe.
The Isle of Man is situated in the center of the Irish Sea between Scotland, Ireland, Wales, and England. It has a population of 85,000 people and is part of Great Britain but not the United Kingdom.
Malta is a small island nation with a great infrastructure and Mediterranean climate. Malta is one of the favorite places for nonresidents to move to for work. The island is also a member of EU and offers many benefits.
Jersey is not part of the United Kingdom but is still part British. It is located off the northern coast of France. The island has daily flights to mainland Europe and the UK.
Antigua and Barbuda became the first in 1994 to allow offshore casinos to operate. Many American companies have set up businesses there. In recent years they have tightened regulations and are now Whitelisted.
Ireland has a long history of gambling. The government issues licenses for Irish and foreign companies. Ireland has very favorable corporate tax rates.
Traditional casinos have been around for years but they have seen a decline in customers due to the Covid-19 pandemic. Online casinos offer a vast array of games to play and a nearly unlimited number of slots and tables. Offering privacy and the option to gamble anywhere at any location, it’s hard to see many gamblers returning to traditional casinos.
Since its inception, offshore gambling sites have become more and more regulated. There are still some sites in various countries that should be avoided.
