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Recent content by thegame

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    Limits of a nominee director and betting company feasibility

    did you managed to find a solution for this mate?
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    Country of income?

    1. Doubt any bettor ever declare anything tbh, 2. Wrong. There are many EU countries that prohibit offshore betting even for EU licensed books. Bettor can face even 1 year in jail. Polish and Cyprus law to mention a few countries. 3. Wrong. Such tool does not exists. Automated bots do...
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    Country of income?

    Ok now i got your point. 1. You live in slovakia but you have limited options due to regulation. 2. Via your secondary address in Uk you open accounts on UK licenced books, account still in your name though. Gambling profits in UK are tax free even if you bet with unregulated books. In...
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    Country of income?

    Don't understant how this will work. Obviously you are breaking the law if you bet via your own account from slovakia so you are using 3rd party account in uk to bypass this. But, money are won via your friends account and not yours, it is not foreign income won from you but from your friend's...
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    EU Citizen - looking for some guidance

    Just seen that Sportmarket now accepts legal entities, not only individual accounts. They recently moved from Malta whereas they were unregulated and moved to Isle of Man whereas they are regulated. Now the questions is: what is the best setup in such case. Maybe Sportmarket can help you btw if...
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    EU Citizen - looking for some guidance

    Betting broker is acting as a nominee in this case. Let's say punter X is having account with Betting Broker Z who is able to place bets for you in bookmakers A,B,C,D. Broker is licensed in Curacao, bookmakers A,B,C,D are licensed in Philippines, Isle of Man, Malta or they are unregulated...
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    EU Citizen - looking for some guidance

    Your biggest problem is that brokers don't open corporate account (only betfair does). That would be ideal and you would open a company offshore and problem solved. Now your are forced to use your own ID to open account with brokers so at the end of the day you will breaking portugal law. P.S...
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    Which is the best setup for a professional bettor?

    Thanks for the response mate. However, didn't understand how gambling profit will be legal this way. As a ''trader'', i will still need accounts with bookmakers to place bets. Those accounts, need to be opened on my own name even if i act as a trader. Hence, i will still be illegal in my...
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    Which is the best setup for a professional bettor?

    Winnings from sportbetting are tax-free, however in most jurisdictions, betting on non licensed books is prohibited/illegal. So if you win 100k per year on pinnacle, you just can't claim you won 100k on an illegal book. In my country at least, you are risking 50k fine and up to 1 year in jail. A...
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    Help! New and need to open offshore account asap

    admin is there any alternative for payment for Mentor Group, like neteller or skrill?
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    Which is the best setup for a professional bettor?

    Your biggest issue will be finding betting agents that provide corporate accounts. To my knowledge, bar betfair no other bookmaker that welcome winning players is providing corporate accounts. Which bookmakers are you planning to use?