Alderney online gambling legislation
The British Channel Islands have long been considered the world's leading offshore finance centre. In recent years the jurisdiction has also won a reputation of an e-commerce centre of excellence. The Channel Islands are dependencies of the British Crown that are self governed and are not part of the United Kingdom, nor members of the European Union.
Alderney is the third largest of the British Channel Islands which are considered to be one of the global leading finance offshore centers. The island has its own representative, legislative and executive governmental system with the banking, insurance and investment laws presented in Guernsey. Alderney is issued to the Guernsey taxation system and the Guerney Financial Services Commission ensures the regulation of the finance industry on Guernsey and Alderney.
The gambling jurisdiction including Alderney online gambling laws is managed by Alderney Gambling Control Commission (the AGCC). The AGCC provides licences for remote gambling (e.g. gambling using a remote link, usually via the Internet) and permits internet gambling servers to be based in a hosting center in the territory of Alderney or Guernsey.
The Commission issues two main types of licenses:
- Category 1 licence for B2C (Business to Consumer) – enables preparation and organization of gambling operations and involves registration and verification of players, contractual relationship and management of players’ funds.
- Category 2 for B2B (Business to Business) – enables effecting of gambling transactions, such as operational management of the gambling platform.
Depending on the proposed services an organization may apply for one or both types of licence.
There are also Temporary licenses for a short-term use and software suppliers certificate offered to the 3rd party suppliers.
Alderney Internet betting licence provides companies with the following benefits:
1) companies holding the licence may be qualified for tax-exempt status so that they do not pay income tax, but – a minimal non-profit related fixed annual fee and
2) there is no Vat or other sales taxation as well as no tax or other duties payable on gambling operators.
In 2011 the Alderney Gambling Control Commission (AGCC) and Nevada Gaming Control Board (NGCB) signed an agreement aimed at cooperation in terms of sharing of information, knowledge and skills, expertise, as well as exchange visits and training. This step paves the way for enhanced international cooperation in the field of gaming regulation.
For more information on online gambling legislation in Alderney, please visit Alderney Gambling Control Commission.