In recent years, the world has experienced an increased interest in online casinos. Attracting the attention of many people, this industry is becoming a booming business with many individuals trying to participate.
However, before you think about starting your own online casino business, some aspects must be considered first. To make an appropriate step forward when choosing where you would like to start your casino operation, we have put together this list of best countries to create an online casino: a guide for entrepreneurs.
The Scandinavian counties can be a great idea to start your online gambling business. Sweden comes on the list of most popular countries for online gambling. This is because this country has its roots in the iGaming world. The government of Swedish does not impose taxes on gambling players. Instead, they will ask for 18 percent of the revenue tax.
This is a small British overseas territory located close to Spain. The advantage of starting your online gambling business in Gibraltar is that it offers excellent tax benefits. The company won’t be obliged to pay taxes on gamblers’ winnings at the state level. Also, it allows companies to make payments from revenue from gambling without paying any taxes on that revenue.
This is one of the countries with the most lenient online gambling laws. It is well-known for its British heritage. It was an important location for the sea trade. There are about 40 gambling licenses in Cyprus. The owner of a casino does not have to pay taxes on revenue. All the money is taxed at a corporate tax rate, i.e., 15%.
- Isle Of Man:
The Isle of Man has the United Kingdom’s best gambling marketplace. This island is also known as a tax haven. Here, the gambling operators cannot be taxed by the government, and there are no strict rules for opening an online casino business. The government does not impose any restrictions on the company.