1. Local CompanyThe operator must register a legal entity on the Isle of Man. Foreign ownership is allowed, but the company structure must be fully transparent and controllable.
2. Single License Type — UniversalThe Isle of Man issues a
single Full OGRA license (Online Gambling Regulation Act License), covering all types of online gambling: casino, betting, poker, bingo, fantasy sports, lotteries, etc.
3. Minimum Share Capital- At least £100,000 (approx. €115,000) in paid-up share capital is required.
- Funds are used as a guarantee for fulfilling obligations to players.
4. Financial and Reputational Due DiligenceEach shareholder, director, and top executive must undergo thorough due diligence, including:
- Passport and certificate of no criminal record
- Source of funds verification
- Proof of professional reputation (references, biography, experience)
5. Local Presence and Infrastructure- A physical office on the island is required
- Appointment of a local resident director
- Hosting of controlled servers or gateways in a local data center (a hybrid with offshore platform is allowed)
6. AML, KYC and Audit- Appointment of a Compliance Officer and MLRO
- Implementation of a responsible gambling policy
- Maintenance of customer and financial records in accordance with FATF standards
- Mandatory annual audit and reporting to the regulator
7. Licensing TimeframeThe full process — from submitting an application to receiving the license — takes on average
4 to 8 months, including technical and legal verification.