GGC.
The Gibraltar licence.

Background

Gibraltar is small, established, and selective. Around 22 B2C and 30 B2B licensees as of early 2026. First prediction-betting licence granted March 2026. Post-Brexit cross-border with Spain governed by transitional arrangements; the UK-Spain Gibraltar treaty is expected to land in April 2026 with border-check implications. New residency restrictions from April 2026 (age 55 cap, salary thresholds) constrain staff hiring.

How do you apply for the GGC licence?

Application via the Gambling Division. Background checks on owners and senior officers are forensic. Banking and AML systems must be in place at submission, not aspirational.

How much does the GGC licence cost?

Tiered annual fee reform 2025-26: £200,000 above £300m GGY, £100,000 between £20m-£300m GGY, £50,000 below £20m. Holding-entity licence £50,000. Aggregator/B2B platform tiers introduced. Substance requirement is real: senior staff on the Rock, real office, board meetings local.

How long does the GGC licence take?

GGC is small and selective. They prefer applicants they have met. Pre-application engagement is essential. New B2C licences are rare; the licence book skews B2B and platform.

What are the ongoing compliance obligations for GGC?

Gibraltar Code of Practice. AML/CFT under the Proceeds of Crime Act. Real substance test: too-thin operations get rejected.

What are the marketing rules under GGC?

Conduct rules light, but most operators here are UK-facing and live by UKGC standards anyway.

The honest read

The cap-at-£425k tax and the tiered fee reform make Gibraltar one of the most efficient Tier-1 licences for revenue scale. The substance bar is rising and the post-Brexit picture has costs that did not exist five years ago. Best for groups with serious UK adjacency and the willingness to put real people on the Rock.