Online Gambling License Philippines
The Republic Act (2017): This was the brainchild of the Philippine Anti-money laundering council, and it spelt out the requirements of the casinos and betting sites in the country. House Bill 8910: This law sought to eliminate online cockfighting. The Philippine gaming regulator has stopped issuing licenses to online gambling firms, and lawmakers and some ministers have called for tighter controls on Chinese visitors, saying many are.
Online Gambling License Philippines Application
- Gaming is offered online via a network and software based in the Philippines but only offshore players are authorized to access the gaming websites. Approved players must be located outside of the Philippines and have an online gaming account with the Philippines license holder.
- The Philippine gaming regulator has stopped issuing licenses to online gambling firms, and lawmakers and some ministers have called for tighter controls on Chinese visitors, saying many are illegal.
- Legal Online Gambling in the Philippines. The iGaming industry in the Philippines has been experiencing a steady rise, but its regulatory policies are in a rather unique situation. To put it simply, the respective jurisdictions illustrated above have the authority to license and regulate online casino operators.
Our team of
EXPERTS AND PARALEGALS
can help you register your business in the Philippines
K&C corporate lawyers assist foreign companies to legally register businesses in the online gaming, casino, gambling, sports, and betting industries. We ensure our online gaming operator clients are compliant with the requirements in the CSEZFP Interactive Gaming Rules and Regulations and CEZA’s policies pertaining to the conduct of interactive gaming at the CSEZFP. K&C’s corporate lawyers will also register your new company with SEC, BIR, and other required government agencies. Our lawyers will ensure you are in compliance regarding all fees, payment, and receipts of gaming revenue due to government agencies.
Interactive Gaming License Registration in the Philippines
- Sports betting
- Sports book
- Sports fantasy league
- Online gaming
- Fixed odds
- Betting exchange
- E-casino/online casino
- Lottery
Internet Gaming Operators Revenue Streams in the Philippines
- Connectivity using wide bandwidth capabilities
- Physical sever hosting to host the Internet site
- High quality monitoring and maintenance services for the Internet infrastructure
- Hosting services which include connection of servers and data networking equipment to the same monitoring and management system
- Call center services
- Management of the Internet Casino Site
- Office space
- Network, server and system administration, and facilities management and monitoring
- Payment and receipt of gaming funds services
- Telecommunication services
- Physical security and monitored access
- Value-added services, such as website monitoring, traffic analysis, marketing analysis, telemarketing, and customer relationship management among others
Tax Incentives for Online Gaming Companies in the Philippines
Gaming operators and companies operating in certain zones of online gaming jurisdiction are entitled to numerous benefits and tax incentives in the Philippines.
- 4 – 6 income tax holiday for qualifying (4 years for non-pioneer firms and 6 years for pioneers)
- Tax and duty-free importation of articles, raw materials, capital goods, equipment, and consumer items
- A special tax rate of 5% on gross income in lieu of national and local taxes
- Tax credits for foreign corporations
- Permanent residency for investors and their immediate family, provided that the investor maintains a capital investment of not less than US$150,000.00
All applicable incentives under the Omnibus Investment Code of 1987 , such as:
- Foreign nationals employed by the enterprise shall be issued a multiple entry visa, valid for a period of three years
- Tax treatment of merchandise in the Zone
- Tax and duty-free importation of articles, raw materials, capital goods, equipment, and consumer items
- Tax credits
Server Hosting and Infrastructure Laws in the Philippines
The Philippines has a world-class telecommunications facilities providing quality and high-speed data services of up to DS3 capacities. Online gaming operators are able to establish and set up a Network Operation Center/Hub with its Internet server including web sites, gaming software, application programs, administrative software, hardware, Internet, as well as telecommunication connections, collection payment system, and toll-free telephone operations, all in connection with the development, operation and conduct of Internet and gaming enterprises and facilities.
Register your business in the Philippines with speed and ease
Online Gambling License Philippines Requirements
Kittelson & Carpo Consulting is a distinguished business consulting firm in the Philippines with expertise in providing seamless and transparent business solutions.