Obtaining gambling license in Cura?ao
- Why get a gambling license in Curacao?
- Requirements for obtaining a gambling license in Curacao
- Licensing fee for obtaining a gambling license in Curaçao
- The disadvantage of obtaining a gambling license in Curacao
Obtaining a gambling license can take a very long time. However, this is not relevant for Curacao. Already 450 online gambling operators have obtained a license, which only confirms the attractiveness of the conditions. In order to get a license, you need to meet a number of requirements. You can read about them in this article.
Why get a gambling license in Curacao?
The conditions for obtaining a license specifically in Curacao can be called exceptional:
- The whole process takes on average 6 weeks. This option is suitable for projects with an upcoming deadline.
- Low fees. This is the most suitable option for companies just starting out with a small budget.
- Less bureaucracy. Unlike other jurisdictions, Curacao has fewer requirements and therefore less paperwork. Therefore, it will be much easier to apply.
- One license is suitable for all types of activities. If you want to organize online casino and online poker at the same time in Malta you need to get two different independent licenses, you can read more about this in another article. However, in Curacao you can get just one license (The Online Gaming License) regardless of the number of games offered by applicant.
- Tax benefits. The income tax is 0% as long as it is obtained outside the country.
Requirements for obtaining a gambling license in Curacao
One of the steps is a fit and proper test. During the procedure, a police report will be requested from the state of residence to ensure that there is a good reputation and no cases of prosecution.
In this regard, it will be necessary to submit the following papers for each officer of the company, shareholder and beneficiary:
- Certified copy of passport;
- Criminal record;
- CV;
- Recommendation letter from a bank that has served for at least 2 years;
- Recommendation letter from an accountant or lawyer with whom you have worked for at least 2 years;
- Software Description;
- Proof of domain ownership;
- A copy of the user agreement, including the game policy.
Licensing fees for obtaining a gambling license in Curacao
The licensing system is flexible and tries to attract as many startups as possible with different budget sizes. The one-time application fee is €1,500. The annual fee depends on the provider and varies from €4,500 to €12,500.
The disadvantage of obtaining a gambling license in Curacao
The main risk of obtaining such a license is its illegality in some countries. With a license obtained in Curacao, you can not attract players from a number of countries, including the United States, France, the Netherlands, Singapore and others. Such a ban is expressly provided by the law of Curacao.
Thus, Curacao has advantages compared to other islands to obtain a license. The process is quick (6 weeks) and the license fees are variable. However, territorial scope of this license is limited. Our team of lawyers will help you prepare the necessary documents and obtain gambling license in Curacao.
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