The government of Nevis, a Caribbean-based island, has presented a bill on internet gambling. The document was signed on April 29th and is intended to position the territory as a new convenient hub for industry operators.
This draft law’s entry into force will be a well-thought-out step towards the economy’s complete diversification that promises to attract significant investment from prominent organisations.
You can learn more about the most popular RMG jurisdictions in 2025 and order the creation of a turnkey gambling business from Casino Market specialists.
Benefits of Licensing in Nevis
According to the island’s Finance and Economic Planning Minister's statement, the area has long been predominantly dependent on tourism. In Mark Brantley’s opinion, the time has come to expand into new markets and craft modern algorithms, platforms, and directions of development. This approach will provide the financial system with additional stability and investment attractiveness.
The recently introduced legislation grants many benefits to industry entrepreneurs. Even now, at the first stages of launch, the destination has every chance to compete with reputable cross-border offshore zones such as Malta or the Isle of Man.
The main benefits of obtaining a local licence:
- Adherence to the FATF notions. The Caribbean territory follows the strictest standards against the laundering of earnings, financing terrorism, and similar illegal actions involving the flow of funds. The government strives to shape the safest and most transparent economic conditions.
- Ambitious goals and a wide range of offers. Nevis aims to become one of the world’s best iGaming markets. To achieve this target, the authorities have created a well-thought-out legal model and a flexible pricing program. The destination is an attractive option for large investors and aspiring entrepreneurs with a limited budget.
- Top-notch financial practices. The new centre has 40+ years of history providing various types of payment services, from supporting trusts to insurance. This framework allows the local government to shape the most flexible commercial conditions, consistent with international gaming norms.
- Worldwide recognition. Licences are valid for banking institutions, suppliers, and other interested parties globally. These permits are legal documents with official seals, which is crucial in a dynamic gambling environment with a high level of competition.
General Operator Requirements
The island’s gaming framework builds on the existing parameters of 1st-tier jurisdictions. Potential licensees must complete a strict application procedure.
Along with the initial form, an extensive package of official papers is required, comprising:
- Due Diligence confirmations;
- KYC-compliance certificates;
- reports on the corporation and finance;
- evidence of the company’s solid tech base;
- excerpts from the adopted security protocols.
Operators seeking the local permit must demonstrate their efforts and implemented measures in the area of responsible play.
This pool may encompass:
- descriptions of dispute-resolution instruments;
- programs preventing minor targeting;
- self-isolation services.
Legal and Financial Structures: Features
Tourism has been the key driver of the island’s growth for decades. Over 40,000 guests visit the destination yearly. It also has a well-developed offshore financial segment, supported by the FATF protocols. This factor substantially increases the flexibility and scalability of the local commercial vertical.
Additional factors in favour of starting a business in the jurisdiction:
- English as the common language;
- the population’s literacy percentage of 98;
- stable political situation and the autonomous status;
- the correlation of the currency (EC$) to the USA dollar;
- established transport routes with prominent leaders, like Antigua;
- developed infrastructure (a modern seaport, stable electricity supply, etc).
The good image of the island’s offshore-based banking has been constantly strengthening since the 1980s. With this experience, it was pretty easy for the government to create the appropriate foundation for launching a web gaming market that meets global standards.
Largest RMG Jurisdictions
Modern offshore RMG brands must constantly balance between cost efficiency and the reliability of the services provided.
The most popular, established, and secure regulators include the following:
Malta
The country is famous for its strict licensing program. It has a solid government organisation known as the Malta Gaming Authority.
Gambling tax deductions account for 5% of revenue obtained from the local population. Licence applicants must also pay corporate fees of up to 35%. Despite the significant price, the state’s permits are considered the benchmark in the iGaming segment.
Isle of Man
The GSC is the single authority handling a pretty straightforward licence-issuing procedure here. This popular top-tier jurisdiction features a zero corporate tax for most RMG verticals.
The local regulatory structure is very appealing to large brands looking for stability. Nevertheless, some costs related to ensuring adherence to rules and submitting applications may be a bit high.
Curaçao
The island state is known for its legislative flexibility and accessibility. Even after a full-scale reform of the licensing program for gaming enterprises, the offshore zone has not lost its popularity. One of the main advantages of this certification is a fixed tax rate of 2% on net gain and the absence of VAT.
Each body features unique characteristics and benefits. Nevis’ authorities carefully studied the best practices and implemented them in the recently introduced program. This approach allowed the destination to become a powerful competitor to the largest global regulators.
The Main Things About the New iGaming Hub
The Caribbean-based nation is a serious contender for the title of the most popular and promising web gambling market of 2025.
Key features and benefits:
- A strong legal framework. It is powered by extensive experience as an offshore banking provider with an entirely FATF-compliant regulatory program.
- A stable political environment with a sustainable economy. The territory boasts reliable transportation routes to major regional centres. Additionally, the local currency is correlated with the USA dollar.
- Worldwide recognition. Licence applicants can operate in any regulated market. Certification standards comply with the key principles of the international AML program.
You can get advice on any issues related to registering an iGaming project at our studio.
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