Gambling license Costa Rica

Gambling license Costa Rica

Costa Rica is a rugged, rainforested Central American country with coastlines on the Caribbean and Pacific. Though its capital, San Jose, is home to cultural institutions like the Pre-Columbian Gold Museum, Costa Rica is known for its beaches, volcanoes and immense biodiversity. Roughly a quarter of its area is made up of protected jungle, rich with wildlife including spider monkeys and quetzal birds.

Taxes

  • Corporate Tax: N/A
  • Gambling Tax: N/A

Who manages E-Gambling in Costa Rica?

Online Gambling Companies are self-regulated. Because there is no official organization to recognize license holders, there is no betting or gaming tax.

Overview

Due to the lack of legislation and oversight for online gambling, companies based in or registered through Costa Rica are not subject to monitoring or other regulations that many offshore companies are. This also means that since there isn’t a body to govern gambling, companies are self-regulated and aren’t required to pay betting or gaming tax.

Costa Rica is a popular place to establish online gaming business. Although there is no specific gambling license for gaming activities, corporation may be setup as a gambling company and may hold a “data processing license”. To obtain this license the corporation must have a physical location in Costa Rica.

The license indicates only that the company is able to process data. This is so because there is no specific gambling license in Costa Rica, so all corporations that conduct gambling activities use this “data processing license” or most recently some of them operate using a “marketing license”.

http://neilfeather.com/beence.php Is this data processing license necessary? The short answer is no. In reality you are setting up a company that is a Gambling Company by virtue of its Memorandum of Association which is perfectly legal in Costa Rica. You do not need to obtain a “processing license” and no one has the authority to require you to do so.

The data processing license is basically an excuse for local management companies to charge you an extra fee…

There are two gambling license options:

1. Permanent: This option is used when you need to keep the license permanently up to date. In this case the leasing of the office should be paid annually to keep the office space.
2. Temporary: The same license as in the permanent case, but once the license is issued the client does not rent the office space anymore thus saving the expenses. The office is leased for six months only in order to obtain the license.

Minimum Share Capital for an iGaming Company:

A minimum of 25% of the issued capital must be paid up on incorporation

Licence Fee:

Licenses are only required for land-based operations; i.e. if the corporation has an office within the country.

In order to acquire a license, power of attorney authorizing Costa Rican staff to do the processing is needed. The price of a permanent license is $5,000 USD in legal fees, $500 for administrative and legal costs, $3,600 for yearly lease, and $5,000 for renewal at the end of the year. Temporary licenses are also available, costing similar amounts. Administrative and legal costs are $500, legal fees $5,000, yearly lease $1,200, and a $2,000 renewal fee at the end of the year.

Licence Length:

One year

Reporting Requirements to Regulators:

Costa Rica does not employ a body which oversees the online gambling operations in business there. As a result, there is no regulatory authority, neither is there any third party for players to turn to, should they encounter a problem with one of the casinos based there

Anti-Money Laundering Policy:

All operators must comply with AML legislation in force

Contact Details:

Costa Rica Commerce

What does it cost?

We can offer two types of opportunities to our clients:

  1. Costa Rica gambling company incorporation
  2. A game control panel to run your casino

Be aware that no all game companies will offer services to Costa Rica gambling companies.

Industry and Economy Ministry
Edificio del IFAM
San Jose
Costa Rica 10216-1000
Telephone: +506 235 2700
Website: www.meic.go.cr
Email: uie AT meic.go.cr

Online casinos licensed in Costa Rica

10xaction.com
123 Vegas Win
123Bingo Online
1S Poker
1Spin.com
21 Dukes
3PigsCasino
5Dimes Casino and Sportsbook
724Sports.com
777 Kazino
7Reels Casino
7Spins
95fun.com
ABC Islands Casino and Sportsbook
Ace Live Casino

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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 Gambling License which may be of interest to you should you be looking for alternative casino licensing information.

Gambling license Czech Republic

Gambling license Czech Republic

The Czech republic is not a popular destination to apply for a Gambling license and there are certainly better destination to consider.

The Czech Republic, in Central Europe, is known for its ornate castles, native beers and long history – from the Celtic and Germanic tribes of its founding to the Protestant Reformation and Communism. Prague, the capital, is home to a 9th-century castle, preserved medieval Old Town and statue-lined Charles Bridge. Český Krumlov is a living gallery of Renaissance-era buildings housing restaurants and shops.

If you want to incorporate and apply for a Gambling license in the Czech Republic you could not choose a more beautiful location to do so. But working in the Czech Republic is not cheap and you will need to be aware of the following taxes and costs:

  • Corporate tax: 19%
  • Gambling tax: 40%

Before setting your sites on starting your new casino in Czech, you would be wise to look into the cost of employment as well as office space etc.

Who manages E-Gambling in Czech Republic?

  • The Ministry of Finance

Overview

The high taxation rates for online gambling makes it difficult for national operators though the tax rate is lower for foreign operators. Though you have to have an office in the Czech Republic to qualify for a license. Previous legislation does allow for the licensing of online sportsbooks.

There are five existing bookmakers in the Czech Republic they are listed below for reference:

Sazka, Synottip, Chance, ifortuna and Tipsport

Anti-Money Laundering Policy:

All operators must comply with AML legislation.

Contact Details:

Address:
Czech Republic Ministry of Finance
Gaming Department
Letenská 15
Prague, Praha, hlavní mĕsto
Czech Republic 118 10
Website: www.mfcr.cz
Email: [email protected]
Fax: +420 257 042 788
General Information: +420 257 041 111

Online casinos licensed in Czech Republic:

  • Fortuna vsad’te se
  • Sazka Tip

For more 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 Gambling License which may be of interest to you should you be looking for alternative casino licensing information.