Wealth management has two parts: creation and retention. One of the most profitable, growing and stable businesses in the world today is internet gaming business.
Not only are these part of the $300 billion gaming industry, but, when properly designed, they represent one of the safest active investments in the world.
Since the dawn of time, man has gambled, taking “chances” on opportunities to “acquire”. Here, in the first quarter of the 21st Century, this has not changed.
Internet gaming is replacing conventional forms of gaming, and it is as simple as shopping online. The convenience of being able to bet from your couch, presents incredible opportunities for entrepreneurs.
Certain jurisdictions have decided to make internet gaming an important part of their economic development strategy for attracting investment in technology-oriented industry. Some of these jurisdictions levy no tax or only very low tax, as well as offering protection of assets, maintenance of confidentiality, and risk management.
The key to using an internet gaming business as wealth management tool is to set it up offshore, using the best business model. The profitability, ease of ownership, and wealth protection of this industry make it a great investment for persons seeking to protect their assets, while at the same time creating opportunities for more wealth.
Several countries, such as the Isle of Man, Gibraltar and Malta, have created excellent environments for the building and maintenance of internet gaming establishments, allowing business owners to operate legally and ethically.
Internet gaming has experienced a 5% annual growth from 2009 to 2014. This growth has continued robustly in spite of global financial concerns. Internet gaming grossed $35.3 billion in 2013. The same report forecasts an annual growth of 9.6% per year from 2013 to 2018, with a project gross of $55.8 billion in 2018.
The most important factor is to choose the right jurisdiction and business model. Since the business can be set up in offshore tax havens, the profits can be phenomenal; and, if structured properly, it can be one of the most stable businesses in the world. Internet gaming can be a wealth generator and a shelter that can be passed from generation to generation.
Why Choose Cross-Border as Your Internet Gaming Service Provider
Cross-Border has decades of experience with wealth management and protection. As a full-service provider of wealth management services, they are able to provide for every step of the creation of an internet gaming business.
Cross-Border offers you custom incorporation service as a locally regulated and licensed corporate service provider.
- Jurisdictions and business model analysis
- The incorporation of offshore entities
- If required, company formation in all global jurisdictions
- Registration with all of the appropriate authorities
- Office representation as needed
- Registered Agents for corporate filings as needed
- Legal Representatives and Agents
- Resident company directors in the host country
- Marketing services