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

Seychelles Forex License in 2023

Achieving a Seychelles FX permission is a procedure that must be completed in order to provide a number of monetary services in this country. Today’s article will help you figure out how to get a FX permission in the Islands. Benefits of licensing FX activities in the Seychelles The Seychelles are becoming more and more…

Read more

Vanuatu Forex License in 2023

Financial Affairs Commission on the island regulates the Forex production in this jurisdiction. The regulator issues FX licenses to Vanuatu in accordance with the Monetary Dealer Licensing Law. Permits are divided into three classes – A, B and C. Why you need to apply for a Forex license in Vanuatu As remembered earlier, the principal’s…

Read more

Obtaining a gambling license in Malta in 2023

Running a gaming business in Malta is lucrative, but the licensing itself is quite expensive and can take a long time to complete. All this is true, if you do not use the services of professionals, then you get the opportunity to reduce the time to acquire a license. Malta is the most convenient lawfullment…

Read more

Crypto license in Malta

In 2018, the Maltese senate passed a law establishing a legal substructure for p2p systems, e-currencies and digital assets, making it one of the friendliest laws in the world for a sector that has caused concern and caution among regulators in other countries. Malta also hopes that this will serve to clean up its financial…

Read more

Crypto license in Sweden

Today’s country has no special laws that would relate to the crypto regulation in Sweden of the crypto market. However, it is worth noting that a number of Swedish public powers have issued regulations, reports and previous legal assessments concerning their vision of the content of such a concept as “electronic currency”, and how the…

Read more

Crypto License in Dubai

Today`s place aims to be one of top states to completely abandon paper transfer activities and conduct all e-transfers using digital ledger technology. To introduce, the UAE authorities are working on creating their own cryptocurrency called EmCash, which can be used to pay school fees and the management department within the payment system. If you…

Read more

Gambling license in the Isle of Man in 2023

Place that we will consider today provides a unique opportunity to set up a gambling business. We will tell you what a gambling permission is and how to apply for it. We also offer full support in the process of preparing legal paper and submitting it for registering a gaming license in Isle of Man….

Read more

Crypto license in Georgia

Authorization for digital currencies is demanded to perform operations with crypto assets in the course of regular professional activities. Today’s material describes the features of cryptocurrency regulation, as well as the requirements that should be met by those who intend to obtain a license for crypto activities in Georgia. Laws in Georgia regarding crypto Georgia…

Read more

Cryptocurrency exchange in USA

Today we will consider the country in which crypto has different legal status and specific applications, which differ from each other, in all countries of the world . In US law, crypto-currencies are not legal tender and states get regulated by him, i.e., federal law. By the way, Donald Trump signed a bill that closed…

Read more

How to get a gaming licensе in Curacaо in 2023

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…

Read more

How to get a gambling license in Gibraltar in 2023?

Whatever activity you decide to start in your home country or in another country, without special permission, it will not receive legal status. Gaming license in Gibraltar also requires such a document. For illegal activities in any state, you can earn a huge fine and even go to trial. Many gaming experts say that it…

Read more

EMI license in Czech Republic

Overview of EMI license in Czech Republic In the field of financial technologies, EMI license in Czech Republic is an efficient instrument, opening up new potential for your business’s growth and development. Under the financial law, any entity issuing e-money is mandated to become authorized to act on a legally approved basis. Holders of a…

Read more