Gibraltar has set up the compulsory presence in the country for companies that require, and intend to receive, the game license.
This novelty, which we will see in detail in this article by the our experts, was sanctioned in the new game on gambling of the country.
From now on, therefore, companies that require the game license in Gibraltar, have the obligation to presence locally.
Why, to receive the game license, do companies have a mandatory presence in Gibraltar?
The reason why Gibraltar requires the obligation to presence in the country for companies that require the game license is very simple: give greater credibility as a market.
The new law, in fact, is based on 5 fundamental pointsnull The country wants preserve trust in the various regulated junction markets, protect consumers more, professionalmote responsible and fair game, prevent possible links of the organized crime with gambling e keep the country's reputation high.
The benefits for the country
Obviously, the compulsory presence in Gibraltar to receive the game license Ports are expected to the country.
One of these, for example, is the creation of new jobs in the sectornull Moreover, needing physical presence in the country, These companies will also have to submit to Gibraltar tax charges, and this means greater entries in the state coffers.
It will also be much easier for the country to make sure that The activities are conducted responsiblenull And also that The owners of the companies are suitable for carrying out this activity and that all Companies are not involved in criminal activities.
The declarations on this new obligation
On the compulsory presence in Gibraltar to receive the game license The government has spoken widely of the country.
What they aim, according to the government, are the Substantial presence in Gibraltar, high standards and the suitability of companies to operate.
These criteria will be valid both to grant a license that for the decisions, by the body in charge of the control and release of the licenses, both for possible revocations or future changes of a license already released.