So you are looking for a cheap gambling license? Well look no futher! Curacao is possibly the most affordable gambling jurisdiction inorder to start a gambling business. However, the costs are a bit more than you would probably expect, here is why.
Gambling license requirements:
- Have a local e-zone company
- Licensing approval
- Own physical hardware on the island
As you can see, you don’t just apply for a license, you setup a company then apply for a license, then you must buy hardware (you can not use your $5 hosting accountin the US).
The following are cost estimates:
Setup and maintenance of an e-zone company are:
- EUR5500 – EUR6500 one-time Incorporation fee
- EUR3250 – EUR5250 annual management fee
- EUR500 – EUR1000 monthly administrtion costs
Your first year for corporate costs are going to be in the region of between: EUR14000 – EUR24,000
Licensing fees for the online gaming (sub)license are:
- EUR4500 – EUR12000 (annual) license fee (costs vary between providers)
- EUR1000 – (one-time) application fee
Depending on the sub-license provider, you are in for between: EUR5500 – EUR13000 for your first year hosting fees.
You will require hardware on the island in order to satisfy the permanent establishment requirement (PE).
- Server cost: $1200 – $2500 (per server)
- Hosting costs: EUR6000 – EUR12000 / annum
A single server is not going to offer you redundancy, so you will likely want to buy at least three servers.
So as you can see, the real cost of a gambling license is a lot more than just the license application. In reality, you will be spending at least EUR40,000 per annum in order to satisfy the legal requirements. While this is a lot cheaper than most other jurisdictions, the costs do add up and they will become higher as online gambling becomes increasingly regulated.
We can help you with your license, corporate structure and hosting. We recommend service providers to offer you the licensing and corporate serivce and we take care of the hosting. We are able to cut these costs for you with an entry level environment. You will still need your own hardware, however, we link it up to our servers and provide you with a fully redundant environment.
We work with the local authority assisting our clients with their gambling license needs, contact us for more information!
If you are on a tight budget, we recommend taking a look at www.gamblingtec.com who can offer a casino that is deployed through
their SaaS platform. They are by far the best entry level option available to you and you will even be able to move onto a licensed environment once your business model has been proved.