Curacao Gaming License Cost

admin 4/8/2022

Curacao Gaming License Cost 5,5/10 3602 votes

Curacao license is the most cost-effective and popular solution in the e-gaming industry. We license all game events, including blockchain projects. Get professional technical support on any subject you. — get your license in 2 weeks. Affordable license cost — Curacao license is a cost-effective and the most popular solution in the i-gaming industry. Innovative solutions — We license all gaming activities. Curacao Gaming License. The cost of obtaining a Curacao license is less expensive than other jurisdictions. Get a Curacao Gaming License to launch your Gaming Business to success. Learn all you need to know and get started right away!

Curacao Gambling License
Curacao Gaming License Cost Per

Our professionals are leaders in the industry thanks to many years of experience in assisting clients with obtaining and maintaining a Curaçao online gaming license. We can assist you with the online gaming license application process and with the activities required to comply with all the terms & conditions of the license regulator. An important factor in our services is that we do the utmost to keep your Curaçao gaming license cost efficient and compliant.

Regulators:

The Curaçao Gaming Control Board (CGCB) is the regulator authority for all gambling and gaming companies registered in Curaçao. As a part of its role, the CGCB supervises all gaming companies for compliance with regulations.

The infrastructure for anti-money laundering and combating the financing of terrorism (AML/CFT) on Curaçao finds its legal basis in the National Ordinance on identification when rendering services (LID) and the National Ordinance on the reporting of unusual transactions (LMOT).

Mentionable and important requirements within online gaming regulations are:

Acquiring a license for operation of the business;
Acceptance of players from those countries and geographic regions where online gambling is allowed by law;
Acceptance strictly adult players (the minimum age is 18) and players who have reached the age specified by the jurisdiction of player’s place of residence as eligible for online gaming;
Offer Assistance for problem gamblers;
Identification when rendering services;
Reporting of unusual transactions

Our solutions:

• Incorporation

We will assist you with the registration of your company, while advising you on the best legal steps for your business activities.

• Licensing

While you focus on getting your business ready for launch, we take care of the licensing application process after your company has been incorporated. Our work process is smooth and efficient, so that your business can be up and running fast.

• Documentation for regulators

In addition to licensing, compliance with the financial and tax authorities is required to keep your business in good standing. Our experts will take that task off your hands, while you focus on providing your customers with the best experience.

• Monitoring

We have established procedures in place to monitor your transactions and detect any irregularities, so that action can be taken fast and efficiently.

• Advisory

Don’t know which software provider to use? Researching the best entity formation type to start with? Let Allyant Group take care of that for you. Our team has extensive and specialized knowledge of the online gaming industry. Within our portfolio, we work with the best service providers and can recommend the best match for your business.

• Compliance

We provide the compliance procedures and the documentation needed for regulators, so that your company maintains not only good standing but also impeccable reputation.

Our stakeholder relationships:

We pride ourselves in maintaining excellent relationships with all gaming, online gambling and e-gaming stakeholders and all regulatory organisations within the online gaming industry. Whether it is by networking at industry events, attending yearly seminars by the regulators and updating our knowledge base on a regular basis. We ensure that we represent your company at the highest capacity.

Our network helps you increase your net worth:

Whether you need a software provider, a payment service provider, marketing services or a testing laboratory, our relationship portfolio has the best in the industry included. As your sparring partner, we are able to provide referrals and recommend you the best solution for your business and target market. Save tremendously on the hours of research and get your business up and running faster by relying on the relationships that have and continue to build, to benefit you.

Local and international:

Based on an assessment of your vision, your target market and your business activities, we’re able to recommend the solutions that fit your business. In case an international company structure is needed to comply with payment service providers or with any other business needs, our international team is able to assist you with the same level of speed, cost efficiency, reliability and excellence.

Frequently Asked Questions:

Can you assist with licensing?

Yes, our team of experts can take the complete process of licensing off your hands.

What if my business needs to be registered outside of Curaçao?

Who is the regulator for online gaming in Curaçao?

What are the regulations for online gaming in Curaçao?

Mentionable and important requirements within online gaming regulations are:

Acquiring a license for operation of the business;
Acceptance of players from those countries and geographic regions where online gambling is allowed by law;
Acceptance strictly adult players (the minimum age is 18) and players who have reached the age specified by the jurisdiction of player’s place of residence as eligible for online gaming;
Offer Assistance for problem gamblers;
Identification when rendering services;
Reporting of unusual transactions

In previous articles we talked lots about social gambling, live dealer casinos and casino white labeling , but today we want to talk about a crucial component for any gambling business. We all know that lots of online gambling operators who work without a proper license and they get by pretty well.

Some companies even make a living through legalizing sketchy gamblers, saving them some time and maintenance expenses, and basically giving them a fast-track ticket to the business. Looks like an easy way to accumulate some quick profit, but there are more disadvantages of going underground than you might think – some countries are very serious when it comes to illegal gambling (even online), so your dreams of wealth could easily end up in a jail cell. There is no need to risk working in the shadows when you can make this legal and easy, with certain countries even offering very liberal gambling jurisdictions.

Rules on Getting a License

Getting an online gambling license has to be your priority as it’s a direct pass into the business. Nothing happens without a gaming license. You’ll need it to open bank and merchant accounts, work with electronic payment system providers and buy legal gaming content. Not to mention you’ll need a license for more effective marketing and increasing customer loyalty though the reputation of your casino. It’s actually easy to get a license if you play by the rules, so follow these steps before applying for a gaming license:

Choose countries that meet your current needs and possibilities. Do research on gambling jurisdictions: their requirements, costs, taxation policy and application processing time. You can speed up research by consulting with a lawyer.
Start preparing personal documents in advance. You’ll need a copy of your passport, proof of address, a criminal background check and a reference from your bank.
Make sure your casino software meets jurisdiction requirements. Prepare a list that includes detailed descriptions of software functionality and games, agreements with software providers and a certificate of the RNG.
Check if the online casino website contains information required by your gambling jurisdiction. Many gambling jurisdictions check for information on terms and conditions, responsible gambling, self-exclusion policy, withdrawal policy, etc.

Every country has different rules when it comes to gambling regulation. Gambling laws – much like all country laws in general – tend to vary from country to country. In many places, such as the UK, gambling is heavily regulated by both government and non-government organizations to ensure that people are safe from scams. Some countries are very strict on gambling laws, thus making operators turn to cheaper and less regulated jurisdictions. You should consider offshoring if you get caught in a situation where starting a gambling service in your home country is just too expensive and difficult. Getting an online gambling license abroad could be a lot easier and faster.

However, each offshore area has its own rules and laws, and the cost of the gambling license may vary from several thousand dollars to hundreds of thousands. Before making the final choice, you need to consider all nuances of gambling jurisdictions. Here is a list of popular locations for offshoring your online casino.

Read also: Online Gambling In Eastern Europe – Brief Guide To Legislation

Curacao Gambling License

Antigua and Barbuda

Setting up a gambling service in this island country can be very costly. The application fee is $15,000 and the annual gaming license cost for obtaining an interactive gambling license is $100,000. On average, the application process takes up to 2 months. You can get two types of licenses: one for interactive gaming companies including online casinos, and the second one is for interactive wagering companies. Before opening an online casino you have to reserve of no less than $100,000. This will act as a form of security for your website players. The annual monitoring system fee is $25,000 per license. Plus, similar to health warnings on cigarette packages, it is obligatory to place a website banner warning users about compulsive gambling and about contacting organizations that can help them to deal with their addiction.

Curacao

Curacao is the fastest and cheapest solution to open an online casino. Getting a gambling license takes just 6 weeks. You can apply for a master license covering all game types, software providers, and product operators, or you can get a sublicense to work under the auspices of the master license. The application fee is just about €2,000; the monthly license support fee is €1,500. If your gambling business is registered in another country, you can apply for a special Ezone permit to benefit from a low net corporate income tax rate of 2%, and a 0% tax rate on gross bets. Curacao is a good choice for businesses who want to open their online casino as soon as possible. They can get a fast Curacao online gambling license while waiting for the approval of their application in another gambling jurisdiction.

Malta

An independent republic and a member of the European Union, Malta is a large and reputable gambling jurisdiction offering affordable rates. The gaming taxes in Malta can vary depending on the class of your license. In general, online casino-style games require a Class 1 license. In this case, the gaming taxes are €4,660 per month during the first six months, and then they rise to €7,000 per month. The minimum share capital required for a Class 1 license is €100,000. The license application process is quite long because you need to go through five stages including several compliance audits. You’ll need to provide your personal and financial information and business plan with a detailed review of marketing strategies and growth targets.

Montenegro

Montenegro has been offering gambling licenses for online casinos, sports betting, poker games, etc. since 2012. They have a special “all-in-one” service packet that includes all operational costs for opening and registering your business, getting a license and payment processing. The package fee is €25.000 for the first year and €15.000 for each successive year. Montenegro offers a fast and easy license application process. A new business can be registered just for two days, and there is practically no minimum capital requirement to form a limited liability company and get an online gambling license. Another advantage of the Montenegro jurisdiction is a low 9% corporate and personal tax rate.

Isle of Man

The Isle of Man is an independent self-governing island providing a stable environment for gambling businesses. The Gambling Supervision Commission offers 3 levels of a gambling license: Network Services license, full license and sub-license. The full gaming license is a single license for your gaming business – the application fee is £5,000, the annual fee is £35,000. The licensing process takes 10-12 weeks. In order to gain a gambling license, the business should be registered in the Isle of Man and all related casino servers must also be hosted in the Isle of Man. The island offers an attractive 0% corporation tax rate, but you will need to pay the gambling duty – 0.1- 1.5% depending on the gross profit.

Panama

If you are looking to open an online casino in Panama, you should know that the laws here allow operators to be exempt of all taxes – as long as the income comes from outside Panama, there are no taxes, including income tax, sales tax or VAT. Offshore companies are also not subject to foreign exchange control, but operators must monitor game payouts and make sure that records of all transactions are available for inspection by the Government. More than that, all operators must comply with international money laundering regulations. An online gambling license costs $40,000, and the additional annual fee costs $20,000. The license lasts for 7 years.

Gibraltar

Gibraltar has very good grounds for starting a gambling business. The cost of the license depends on the gambling type and the company structure – it may be between $30,000 and $70,000. The license is issued for 5 years with the annual extending cost around $2800. Seems like the gaming license is pretty expensive, but the main advantage of this jurisdiction is taxes. Gambling business tax is 1% from revenues. Moreover, tax can’t be higher than £425,000 and lower than £85,000 per year. This tax is very profitable and almost zero for huge companies with higher revenues.

Curacao Gaming License Cost Per

What to Choose?

Getting an online gambling license can be tricky if you lack understanding on how certain jurisdictions work. It’s very important to prepare in advance and get your paperwork ready before applying. Don‘t forget that your software, finances and reputation will also be under the scope, so make sure everything is clear – it‘s better to get ready in advance than waste time gathering documents and choosing countries. Every country is different when it comes to gambling laws; that‘s why your goal is to choose a state that meets your specific needs. Choosing a country with liberal gambling laws might be beneficial, because you‘ll likely save time and money on processing and maintaining a license.