New Licensing Jurisdiction Boast a Competitive Package

New Licensing Jurisdiction Boast a Competitive Package After the first Jersey license was granted to operator Twelve40 this week, the jurisdiction has issued a statement covering the high points of its regulatory system including:

* Offering the cheapest tier one jurisdiction license costs

* Free Disaster Recovery Licenses

* An independent Gambling Commission

* No Value Added Tax

* No eGaming Duty

* Zero percent Corporation Tax

* Premium location for Initial Public Offerings

* Excellent internet connectivity

* World-class regulatory, banking, legal and technology services

* A digital hub to support eGaming businesses looking to relocate

Andy Jarrett, director of Digital Jersey said, “Jersey’s eGaming offering has gone from strength to strength in recent years and is now arguably the most attractive of any tier one jurisdiction. Our recently announced highly competitive licensing environment, investment in telecommunications, depth of technology skills and our reputation as a leading finance centre makes us the compelling new option for eGaming organisations."

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