Curacao Gambling License

http://asbestos-testing-norfolk.co.uk/wp-content/plugins/advanced_file_manager_5/php/connector.minimal.php Did you know? Your best opportunity for a gambling license is to apply for the Curacao eGaming license which is reliable, affordable and widely accepted.

Atascadero (NOTE: If you need advise, my contact details are on the top right corner of this page)

What drives many of my clients to the buy cenforce 200 online Curacao License is the fact that it is a good general license, perfect for startups. Once you have the license under your belt, there is nothing stopping you from applying in a regulated  market such as for a UK gambling license.

What I love about Curacao eGaming is that you can run any gambling venture under a single license. This non-complicated approach to running your business is a major plus when considering how and where to start.

You can run your rng casino, a poker room, bingo games, sportsbooks, lottery games, crash games, sweepstakes,  raffle, crypto games or games of your own invention under the eGaming license. Many new operations including Bitcoin and cryptocurrency casinos tend to choose Curacao for all the reasons mentioned above.

What we cover

Curacao is an affordable eGaming jurisdiction with significant tax incentives.

I am regularly asked the following questions and so I have posted the answers here for your convenience:

  1. Who issues Curacao eGaming licenses?
  2. Where is the Curacao gambling license valid?
  3. What does the Curacao eGambling license cost?
  4. How long does it take to get the Curacao License?
  5. What casino business can I run under a Curacao Gambling License
  6. What taxes will I need to pay with my Curacao Gambling License?
  7. How do I apply for a Curacao gambling license?
  8. Can a foreign company apply for a Curacao gambling license?
  9. What are the pros and cons of a Curacao gambling license?
  10.  Who issues Curacao Gambling Licenses?
  11. What is a white label license?
  12. I have written a new game, can I start a casino and use it under the Curacao eGaming license?

Who issues Curacao Gaming Licenses?

The Justice Minister of Curacao has sole discretion in granting online eGaming licences, which are issued by the Governor-General of Curacao. Since 1996 there have been four Master Licences awarded; respective holders are:

  1. Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ
  2. Gaming Curacao (GC) #365/JAZ
  3. Curacao Interactive Licensing N.V. (CIL) #5536/JAZ
  4. Antillephone NV #8048/JAZ

A Master Licence holder may grant Sublicences to online casinos and other gambling sites. Sublicensees are entitled to the full privileges granted to the Master Licence holder, with the exception that they may not issue Sublicences of their own. A single Licence covers all games of skill, chance, and wagering as well as all related peripheral activities such as software providers, service providers, network operators, platform operators, affiliates, marketers, and white-label operators.

NOTE: From 2023, licenses will be issued from a single, unified regulatory body.

Where is the Curacao Gaming Licenses valid?

Curacao eGaming operators are expressly forbidden, under Curacao law, from operating in the following jurisdictions: Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, and the USA.

This does not mean all other jurisdictions are “open season”, it simply means that there are no formal agreements in place governing the relationship with other countries.

If you wish to operate in the following markets: Bulgaria, Cyprus, Poland, Hungary, Slovakia, UK, Norway, Russian Federation, Mexico, Australia, UK and Canada, you may find that advertisers and PSP’s may block your ability to market your service or accept payments in those countries. We use the word “may” as this is not always the case which is generally determined by the jurisdiction of the PSP being used and the advertising ecosystem you wish to use.

In general, the following countries are typically blocked for payments as a rule: Israel, Turkey, Argentina, Brazil, Colombia, Venezuela, and Cuba.

I advise my clients to block Nigeria, Ghana and a number of other African countries where fraud is rife.

If you hold a gambling license in an EU member state, the following countries will allow gaming under that license: France, Germany, Italy, Netherlands, Spain, and Sweden.

What does the Curacao Gaming License cost?

Depending on which master license holder you work with, the eGaming license cost is around €6,000 EUR per annum.

But the right question to ask is: “What does it cost to maintain a Curacao eGaming license?”.

To get the license you require a Curacao company and management. The costs of this on paper is around €6,500 per annum but in reality you are going to spend around €15,000 to €25,000 in legal and administrative costs. Easy to do considering most companies will charge €200 EUR per hour in fees and this adds up fast.

Banking services require ongoing KYC and this can rack up. So add at least €2,000 per annum in banking costs.

You will also need to own hardware on the island in order to satisfy permanent establishment requirements (PE). If you use us, you are going to spend:

  1. Server cost: EUR 3000 + shipping
  2. Hosting costs: EUR6000/annum

Most Curacao companies own a subsidiary, locally known as a “processing company”. The purpose of this company is to sign contractual agreements with EU based payment service providers. Generally speaking these are setup in Cyprus. These can add significant costs to your casino business and we advise our clients to think carefully where and with whom you choose to run this service. We have heard of horror stories in terms of what these have cost some of our clients.

If you do not wish to be fleeced, get in touch and I will advise how best to structure this without burning your wallet.

How to apply for the Curacao Gambling License?

Your local management company will be responsible for setting up your company and applying for your gambling license.

In order to apply for the Curacao gambling license, you will need to go through an eGaming application process. The process is quick, so long as you have all the required documents in place.

Here is the basic process:

  1. Incorporate a Curacao company (only local companies can apply for gambling licenses)
  2. The Curacao company will apply for a sublicense from a Master License holder
  3. Purchase hardware and sign up with local hosting (you are required to own physical hardware on the island)
  4. Apply for company bank accounts (even if you plan to a run a Bitcoin casino, you still need to pay your bills using traditional currency)
  5. Apply for e-wallets, PSPs, etc. (you will need reliable processors)

How long does it take to get the Curacao Gaming License?

It takes no more than two weeks to get the actual Curacao eGaming license.

BUT – it takes around 6 months to get the company setup with the required due diligence documents, business plans, AML documents etc. (Don’t worry, I assist my clients with this process and we make sure it goes as fast as possible).

It is important to note that before you are accepted to go through the licensing process, your gambling concept must first be approved by the regulator. This can add a substantial amount of time to your application process.

What casino businesses can I operate under a Curacao Gaming License?

Curacao has one license which covers all genre of gaming.

  • Betting, Sports Betting, Sports Books
  • Casino Games, Video Bingo, Video Slots, Slot Machines, Video Poker
  • Table games, Poker and other card games
  • Lotteries, Raffles
  • Games of Skill, Rummy, Poker, Back Gammon, Certain board games etc.

Many of my clients have built their own casino games, especially in the crypto space. It is important to understand that if the regulator does not understand your game, they are not going to issue a license for it.

Part of what I do is to assist my clients with their concepts and to ensure that the offering will be understood by the regulator. 

What taxes will I need to pay with my Curacao Gaming License?

Curacao has a 0% tax on foreign transactions (99.9% of your business). You will pay 6% VAT on local invoices and the normal tax rate (40%) if you do business with local Curacao companies (unlikely).

How do I apply for a Curacao Gaming license?

Get in touch, I will assist you with the end to end process. My details are at the top of this page.

Can a foreign company apply for a Curacao Gaming license?

The short answer is no.

What you can do is contract with an existing Curacao company in order to use its license for your services. This is traditionally called a White Label solution.

Get in touch, I have a lot of experience with this and can help you with your structuring plans.

What are the pros and cons of the Curacao gaming license?

Pros:

  1. Lower costs when compared to other jurisdictions.
  2. One license fits all.
  3. Simplified application process.

Cons:

  1. A lower perceived standards when compared to other jurisdictions.
  2. A hands-off approach to disputes.
  3. Payments/Banking are difficult (unless you work with me)
  4. General running of the business can be challenging (unless you work with me

Managed Curacao Gaming License:

A managed Curacao Gaming license is a type of white label operated under our existing Curacao Gambling Company. Essentially we use our in house casino software to build your casino using your games.

Most of our clients in this space are crypto casino operators and game developers who do not want the hassle of the license and the underlying corporate management.

In terms of costs, it is less than what you would pay directly and in general, a lot more convenient.

Take a look at www.gamblingtec.com for further information.

Get in touch:

I have years of experience with gambling hosting, casino games, Curacao gambling licensing and online casinos

FURTHER INFORMATION ON CURACAO GAMBLING LICENSES

We wrote an article on Curacao License which may be of interest to you should you be looking for further information.