How to get a gaming licensе in Curacaо in 2023

Published:
December 23, 2022
day city view

Curacaо belongs to the Netherlands Antilles and is a self-governing state entity within the Kingdom of the Netherlands. The degree of independence of a small island in the Caribbean manifests itself in many ways, but one area where Curacaо has clearly excelled is in international business.

Curacaо offers special conditions for doing business in the field of e-commerce, including online gamblіng licensе: casino, poker, betting licensе in Curacaо  and more.

Why it is worth getting a gamblіng licensе in Curacaо

Curacaо offers businessmen the following benefits:

  • Developed infrastructure and reliable technical support;
  • 17+ years of experience in e-commerce, e-zone and other modern business areas;
  • Companies in the E-zone are subject to a flat income tax rate of 2% until 2026;
  • Curacaо Gaming License obtaining, which is recognized by many countries of the world;
  • Opportunity to work with special permission even with the local market.

Important Steps to Obtain a Curacaо Gaming License

In general, the procedure for obtaining a gamling licensе in Curacaо is quite simple and consists of the following steps:

  • Register a company in the E-zone;
  • Prepare documents and send for preliminary consideration;
  • Directly apply for a Curacaо gamblіng licensе along with all related documents to the holder of the Master License, plus pay the state fee and the fee of the licensе holder himself;
  • Wait for the decision of the holder of the main licensе (Master License): if everything is correct, then you will receive it.

Now that it is clear in general terms how to proceed, let’s take a closer look at each step of the procedure.

How to get Curacaо gaming licensе

E-zone’s official company name is N.V. or Naamloze Vennootschap in Dutch. Naamloze Vennootschap is a limited liability company similar to an LLC.

Curacaо allows N.V. to register in the e-zone, pay a tax of 2%, and also not pay taxes on the payment of dividends, royalties and interest, regardless of the country of receipt.

You can register a company in the E-zone only after permission from the authorities. To do this, it is necessary to prove that the company complies with the requirements of the zone: trade or services provided must be carried out for the benefit of customers outside Curacaо, and the provision of the necessary processes is possible using electronic communication systems.

In other words, we are talking about e-commerce.

If desired, the company has the right to obtain permission to interact with companies and clients from Curacaо (outside the e-zone). To do this, you need to write an application to the authorities. At the same time, income from trading with Curacaо should not exceed 25% of the total income. Trading and working with companies from the E-zone itself is allowed without restrictions.

Worldwide income is taxed at a rate of 2%, with the exception of income received in Curacaо outside the E-zone.

Curacaо gamblіng licensе

To date, it is possible to obtain only one type of licensе – Sub-licensе. Prior to that, they issued a Master License. What is the difference?

The main licensе was issued to companies by the Curacaо government itself. Master licensе holders have the right to issue sub-licensеs to other companies and charge a fee for this.

The issuance of master licensеs has been stopped and you can get a Curacaо gamblіng licensе only from those who received it earlier – Sub-licensе. This imposes additional requirements: payment of not only the state fee, but also the fee of the licensе holder, the variability of the set of documents, depending on who to apply for a sublicensе.

Having received a licensе for Curacaо, you can create your own casino licensе in Curacaо, attracting customers to gamblіng and poker rooms. The licensе allows you to work with clients from all over the world. However, it concerns primarily online business. If your goal is to create a real casino in any country, then this licensе is unlikely to help. The reason is not that Curacaо prohibits it, but that almost every country has its own rules for licensing real casinos. If you want to open a casino in another, you will have to obtain permission on the spot.

What documents are required for a Curacaо online gaming licensе

In order to create a company and obtain a gamblіng licensе, the following documents must be prepared for each director of the company, shareholder and beneficiary (main package):

  • Certificate of good conduct;
  • Copy of valid passport
  • Letter of recommendation from the bank;
  • Letter of recommendation from the employer;
  • Proof of residential address;
  • CV (Resume);
  • Contact Information.

Documents must be translated into English and certified or apostilled in English. You also need to provide additional information:

  • Evidence of the legality of the origin of funds of shareholders and beneficiaries;
  • Detailed description of the business;
  • A document confirming ownership of the domain on which the business website will be located;
  • Description of the games that are planned to be launched on the portal;
  • List of countries in which gamblіng activities are planned;
  • Schematic representation of the location of servers;
  • A copy of the contract with the software supplier.

The time for registering a company and Curacaо Gambling License obtaining is up to 2 months. The cost of registering a company and issuing a licensе is from 40,000 USD. The  Curacaо gaming licensе price includes:

  • Preparation of documents for company registration;
  • Notary fees;
  • State duties;
  • Registration of a legal address;
  • Registration agent services;
  • Assistance in opening a bank account;
  • Preparation of an application for a licensе;
  • Assistance in collecting data for due diligence;
  • Writing a business plan based on the information provided.

How do I get a gaming licensе in Curacaо?

In 2019, the Curacaо Gaming Control Board added anti-money laundering and anti-terrorist financing to all gaming activities in Curacaо, including online gamblіng. The central regulators are the Ministry of Finance and the Financial Intelligence Unit. Instead of the unified system of regulation and licensing familiar to Europe and the CIS countries, Curacaо has a system based on different classes of licensеs.

What countries have a gaming licensе in Curacaо?

The Curacaо licensе is a solution for all types of gamblіng. The key feature of the jurisdiction is that the provider receives permission to organize gamblіng from a country that is part of the EU, legally operates in most regulated markets, while being subject to loyal tax laws and almost zero fees that apply in Curacaо. Who can operate on such a licensе, how to get it and what documents are needed for this – we will tell further.

How much does a gamblіng licensе cost in Curacaо?

The annual cost of a licensе for all types of gamblіng in Curacaо can vary from 4,500 EUR to 12,500 EUR. The total Curacaо gaming licensе cost depends on several factors, but the initial cost does not exceed €20,000. This amount includes the costs of registering a company, directly issuing a licensе, hosting servers, as well as filing the necessary documents.

How do you get a casino licensе in Curacaо?

Having received a licensе for Curacaо, you can create your own casino, attract customers to gamblіng and poker rooms. The licensе allows you to work with clients from all over the world. However, it concerns primarily online business. If your goal is to create a real casino in any country, then this licensе is unlikely to help. The reason is not that Curacaо prohibits it, but that almost every country has its own rules for licensing real casinos. If you want to open a casino in another country, you will have to obtain permission on the spot.

Related insights

Gaming license in Portugal

The gaming industry in Portugal has seen substantial growth, prompting both local entrepreneurs and global investors to explore opportunities in this lucrative market. Understanding the legal framework for obtaining a gaming license in Portugal is essential for those interested in documenting this sector. This comprehensive guide covers the essentials of the gaming-license process, the associated…

Read more 27.05.2024

Buying A House In Spain In 2024

Acquiring housing requires careful navigation of legal procedures and a keen awareness of the accommodation market. Before investing, in-depth investigation is vital to avoid scams, understand taxation, and stay ahead of market changes.  This guide provides valuable insights for a smooth transition to homeownership in Spain, whether you’re interested in coastal areas or major cities….

Read more 27.05.2024

Buying an apartment in Spain: Is it a good idea

Acquiring a property in Spain can be an appealing choice for numerous international investors. The country boasts stunning beaches, a pleasant climate, and a rich culture that draws people from various backgrounds. In this article, we will delve into the reasons why investing in an apartment in Spain is a wise decision. Embracing the Mediterranean…

Read more 21.05.2024

How does the Process of Buying a Property in Turkey Work?

Turkey, with its rich cultural heritage, stunning landscapes, and booming real-estate field, has become an increasingly popular destination for possession investing. Whether you’re looking for a holiday home, a retirement retreat, or a lucrative investing possibility, guiding the method of Purchasing Property in Turkey can be an exciting yet daunting task. In this comprehensive guide,…

Read more 13.05.2024

Crypto license in the Dominican Republic

Crypto has significantly altered the economic landscape globally, offering innovative ways to transact and invest. As these digital assets gain traction, various countries are establishing adjustment substructures to oversee their use and protect investors. The Dominican Republic, known for its progressive policy to technology and finance, has also begun to navigate the complex terrain of…

Read more 24.04.2024

5 Best jurisdictions for Gaming license

In the vibrant realm of online-gaming, selecting a jurisdiction for achieving gaming permission transcends a mere adjustment formality; it’s a crucial decision impacting field access, tax obligations, and the brand’s prestige. A wise choice can unlock doors to profitable fields, build trust among players and partners, and ensure a stable legal framework conducive to growth….

Read more 17.04.2024

In which countries is it better to buy Real Estate in 2024?

In the ever-evolving landscape of global real-estate acquisition, the question of where to invest money is crucial. While the past may offer some insights, the future is where depositors aim to position themselves for success. Now, in 2024, various factors come into play when determining the best countries for real-estate acquisition. From economic solidity to…

Read more 16.04.2024

Top 6 Best Offshore Jurisdictions for crypto:

In recent years, the cryptocurrency field has witnessed exponential growth, attracting investors and enthusiasts alike from all corners of the globe. However, navigating the legal landscape surrounding cryptocurrencies can be complex, with adjustments varying significantly from one lawfulment to another. For those looking to establish a crypto-related business or simply seeking a favorable adjustment circumstances…

Read more 08.04.2024

What is important to know when buying Property in Turkey?

Whether you’re considering purchasing a holiday home, an investment in property, or relocating permanently, buying real estate in Turkey can be a rewarding venture. However, like any possessions purchase, it requires careful consideration and research to ensure a smooth transaction and avoid potential pitfalls. In this guide, we’ll explore the key factors to keep in…

Read more 21.03.2024

Top 6 Promising Countries for Real Estate Investment in 2024

In the dynamic world of Investment in Real estate, identifying promising terminus is essential for maximizing returns and mitigating risks. As we navigate through 2024, several states stand out as hotspots for real-estate funding, offering lucrative possibilities and favorable field conditions. From emerging fields to established hubs, investors are eyeing these top six states for…

Read more 14.03.2024

Forex dealer license in Samoa

Admission to foreign-sourced currencies deals is granted to those financially-set establishments, monetary transfer operators and exchange-offices officially-licensed by local regulative authorities – Central Banking facility. Possession of such a permit grants  rights to spread currencies exchanging services for capital-holders and corporate clients.  Possibilities and privileges of Forex-business in Samoa Conducting brokerage-activities on FX-platforms provides stable…

Read more 26.02.2024

Fund in Luxembourg

Because of its privileged location in central part of Europe and widely-extensive expertise in field of financial tools and mechanisms, this duchy remains in demand among entrepreneurs wishing to establish funding structures locally. Commonly-choosing status of the center in EU and second most-considered essential on global level after USA is because of well-developed regulative basis;…

Read more 26.02.2024