From zero to tier-1: How Nevis plans to compete in the global gaming market

In this column, iGaming industry consultant Ron Mendelson, Fast Offshore, explores Nevis' introduction of its new regulatory regime and offers insights into how the island's online gaming license differs from that of other established jurisdictions.

On 29 April 2025, the Caribbean island of Nevis made waves in the global iGaming industry by announcing the Nevis Online Gaming Bill 2025, introducing a Tier-1 Online Gaming License. 

This brand-new and landmark legislation positions Nevis as a leading contender in the multi-billion-dollar iGaming sector. It also positions itself as a rival to established jurisdictions like Malta, the Isle of Man, and Curacao.

Described as a “gold-standard” license, it combines competitive pricing, robust regulation, and global credibility, and is a strategic way to diversify Nevis’ economy beyond tourism and financial services.

With the support of firms like Fast Offshore, operators can easily avail themselves of this new opportunity, leveraging Nevis’ innovative approach to reshape the iGaming landscape.

Nevis’ financial services legacy

Nevis, part of the Federation of Saint Kitts and Nevis, has been a respected offshore financial hub since the 1980s. After gaining independence from Britain in 1983, Nevis developed its financial services sector with the Nevis Business Corporation Ordinance of 1984, modelled on Delaware’s corporate statutes. This legislation established Nevis as a tax-neutral jurisdiction with strong asset protection laws, minimal reporting requirements, and strict confidentiality. 

Nevis Limited Liability Companies (LLCs) and International Business Companies (IBCs) became go-to vehicles for global investors seeking privacy and tax efficiency. The island’s adherence to Financial Action Task Force (FATF) standards and its “white list” status further bolstered its reputation as a credible, low-risk financial centre. With modern infrastructure, a stable Eastern Caribbean Dollar (EC$) pegged to the US dollar, and a 98% literacy rate, Nevis offers a reliable and business-friendly environment.

Why iGaming? 

Nevis’ move into iGaming is a calculated effort to diversify its tourism-driven economy, which attracts 40,000 visitors annually. While the financial services sector thrives, the global iGaming market’s exponential growth, projected to exceed $100 billion by 2025, presents an unmissable opportunity. The Nevis Online Gaming Bill 2025, introduced by Minister of Finance and Economic Planning Mark Brantley, builds on the island’s 40-year financial services expertise while drawing inspiration from other Tier-1 jurisdictions. By offering a competitive, accessible, and well-regulated licensing regime, Nevis hopes to attract startups and established operators, boosting economic growth and reinforcing its status as an international financial centre. 

Nevis vs. St Kitts

Though Nevis and St Kitts form the Federation of Saint Kitts and Nevis, they operate with significant autonomy, particularly in financial and regulatory matters. Nevis’ iGaming license is distinct from any offerings in St Kitts, reflecting its independent legislative framework. While St Kitts has focused on citizenship-by-investment programs and virtual asset regulations, Nevis has carved a niche in asset protection and now iGaming. The St Kitts license is unpopular and does not offer many benefits to those using it. Operators must recognise this distinction to avoid confusion, as Nevis’ license is uniquely designed to meet global iGaming standards, offering a streamlined process and robust compliance.

Benefits and features of the Nevis iGaming license

The Nevis Online Gaming License is a game-changer, offering a single, comprehensive license covering all iGaming activities—slots, live table games, sports betting, eSports, poker, and more—eliminating the need for multiple permits. Key benefits include:

• Zero Tax on Profits: Operators generating revenue outside Nevis face no corporate or income tax, adhering to international tax compliance standards.

• FATF Compliance: Nevis’ “white list” status ensures global recognition by banks, payment providers, and third parties, enhancing operator credibility.

• Crypto-Friendly: The license supports cryptocurrency payments while maintaining strict AML/KYC regulations, appealing to modern gaming platforms.

• Competitive Pricing: Unlike Malta’s high tax burdens or the Isle of Man’s premium compliance costs, Nevis offers competitive licensing and renewal fees.

• Streamlined Process: Applications can be processed quickly, with Fast Offshore providing end-to-end support.

• Global Accessibility: The license’s flexibility suits startups and established brands, creating much-needed inclusivity in a competitive market.

A new gold standard

Nevis’ iGaming license is designed to redefine Tier-1 standards by blending affordability with prestige. Nevis offers a competitive alternative to other Tier-1 markets, without compromising quality. Its FATF compliance and modern regulatory framework ensure global trust, while its single-license model simplifies operations for diverse gaming portfolios.

Fast Offshore: Your partner in Nevis’ iGaming journey

Navigating the Nevis iGaming License is seamless with Fast Offshore, a firm with over 27 years of expertise in iGaming and corporate services. Fast Offshore offers tailored guidance to help operators determine if Nevis is the right jurisdiction for their business. Our comprehensive services include:

• Application Support: Fast Offshore ensures a smooth, efficient application process from document preparation to compliance with AML/KYC requirements.

• Ongoing Maintenance: Their cost-effective maintenance package handles corporate matters, compliance obligations, and license renewals, allowing operators to focus on growth.

• Strategic Advice: Fast Offshore assesses your business goals to confirm whether Nevis’ license aligns with your operational needs, offering insights into tax benefits, banking access, and global compliance.

By partnering with Fast Offshore, operators can confidently enter Nevis’ iGaming market, leveraging its innovative license to compete globally. To learn more about the Nevis iGaming license, contact a team member today.