Gambling in the BVI is illegal. Part 2

Many Internet businessmen are looking for the right jurisdiction to incorporate and run online gambling business. The British Virgin Islands would not be a right jurisdiction for establishing offshore gambling business like online lotteries, casinos, etc. In Caribbean region, it would be better to look at Costa Rica or, maybe, turn round the Globe and look at the Channel Islands.

There are many questions that one should answer before setting up a complete online gambling site or casino. Most of these questions are related to an existent spot on the map even if gambling occurs through the Internet. They are about incorporation country, country issuing the gambling license, place(s) where servers are actually held, Bank account(s), Merchant account(s), etc.

Of course, a British Virgin Islands business company can be wisely used in online gambling business structure. There are a lot of BVI companies more or less directly related to online casinos as well as brick and mortar casinos all over the world. However, if we are speaking about gambling things, the British Virgin Islands wouldn’t be the first word to come in mind. More important thing to memorize is the following: if you have arrived in the British Virgin Islands, do remember that gambling is illegal there.