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Curacao’s gaming license is often the preferred option for operators looking to obtain a gambling licence due to its affordability. However, the process of obtaining a gambling license can be complicated and daunting. In this article we will provide a guide which explains the steps required to obtain a Curacao gaming license. Our help will allow you to navigate the bureaucratic procedure with ease, and get your Curacao casino license in no-time.
Curacao Licensing Regulations
Curacao, an idyllic Caribbean island, is a constituent of the Kingdom Netherlands. The island is known for its warm climate and has become a center of commerce and trade in many sectors, including shipping, oil refinery, international trade and finance.
Tourism and eCommerce are the main economic drivers in Curacao, especially within the iGaming industry. This article will explore Curacao’s thriving iGaming sector and the benefits of obtaining a Curacao Gaming License.
Curacao’s position as the premier online gambling hub has been cemented for over 25 years. Curacao was a pioneer in online gaming, and it was legalized by the National Ordinance on Offshore Games of Hazard of 1993. In 1996, the government was able to issue licenses after this move. This attracted several global companies looking for a reliable offshore jurisdiction.
Curacao is one of the world’s most popular licensing authorities due to its modern infrastructure, low tax rates and business-friendly policies.
How to Get a Curacao Gambling License?
In order to obtain a Curacao gambling license, you must do the following
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Register your legal entity on Curacao.
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Designate a representative of your company in the locality.
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Appoint a director to a new business, collect his personal and financial data.
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Assistance in preparing documents and completing the application for a license.
Here are the steps to get a license.
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Provide a complete description of the game.
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The existence of a company registered in Curacao.
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A local representative is present.
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Domain ownership.
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The Rules for Using the Website.
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The presence of at least one server physically of the company within the jurisdiction.
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RNG certificate – Software Certification.
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Provide technical audits of each gaming system, including software.
Registering your Company
For a Curacao gambling license, you must establish a limited-liability company (B.V. / N.V. ) with Latin transcription and a unique name that accurately describes the undertakings of the entity. The company’s registered address must be in Curacao e-zone, and it must also be listed in the chamber of Commerce. Legal obligations also require the appointment of a local representative or resident managing director who will oversee operations in Curacao.
Why you should get a gambling license from Curacao
Financial experts say that the iGaming sector is a booming and highly profitable industry. The iGaming industry continues to grow, which fuels the belief that profits are likely to remain strong, regardless of economic turmoil or pandemics. As a form of entertainment with a high demand, online casinos and sportsbooks are a good investment.
Here are some reasons why you should have a gaming license.
A license from Curacao allows you to open a merchant account. Most financial institutions require a license before they will allow an online casino business to have a bank account.
A Curacao licence gives operators a feeling of security, allowing them to operate their business without fear of legal consequences.
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Reputation
Obtaining a Curacao licence serves the iGaming sector by counteracting any negative perceptions, and fostering a transparent and fair gaming environment.
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Credibility
Due to the rigorous screening process that operators are required to undergo, a Curacao licence gives the casino a high level of credibility with players.
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Co-operation
A Curacao license will increase the appeal of your online casino to payment and software providers. These companies do not usually work with unlicensed operators.
Although many regulatory authorities offer licensing services, Curacao is a good option to consider for your business because of the following:
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This gambling jurisdiction is less expensive than others.
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A single sub-license covers all gambling products.
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Compliant operators can accept cryptopayments
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Operators will receive their licenses in about 6 weeks.
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Taxes are lower – 2% on net gains and 0% corporate income.
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The application process in this jurisdiction is easier than other jurisdictions.
The Curacao licence does have a small restriction in terms of target markets. License holders are not allowed to entertain players from certain countries such as the USA and France. They can also be restricted from entertaining players who come from the Netherlands and France. Licensees who violate this rule and allow players from prohibited areas to gamble on their website may lose their license.
What is the cost of a gambling license in Curacao
A gambling license is affordable in Curacao. In Curacao, the cost to obtain a gambling license is less than other jurisdictions. The license fee can vary depending on the factors, such as who holds the master license. There are also additional costs associated with the license. These include incorporating a company in the locality, paying the local representative fee for the first year, paying legal fees and administrative fees as well as using a local ISP to provide backups.
Curacao’s low tax rates make it a popular choice for online casino operators. Curacao, unlike other jurisdictions imposes a net gain tax of only 2% and fees for application and renewal. Curacao’s simple tax structure is one of the main reasons why it is so popular with those who work in the online gaming industry.
The cost of obtaining Curacao’s gambling license is determined by a number of factors. Operators can take advantage of a number of services to help them with the licensing process. Expert guidance is recommended to help operators identify the best pricing plan for their needs.
