The Curacao Gambling License is likely your best opportunity for a reliable gambling license.
There are more traditional jurisdictions such as the UK, Malta and the IOM. But the gaming license costs and bureaucracy to get them is a significant factor in your decision-making process when deciding where to get your license.
In Curacao, you can run your casino, poker room, bingo games, sportsbook, lottery, crash games, sweepstakes, raffle or crypto games under a single license. Now that is convenience!
Don’t forget the zero tax incentive!
Further to the above, Bitcoin and cryptocurrency casinos are choosing to license out of Curacao due to its simplicity, affordability and convenience.
Now before we get started, my details are in the top right hand corner of this page, you can WhatsApp me at any time should you require further information.
What we cover
Curacao is possibly the most affordable offshore gambling jurisdiction to be licensed in and comes with significant tax incentives. The purpose of this document is to answer the following questions:
- Who issues Curacao Gambling Licenses?
- Where is the Curacao Gambling License valid?
- What does the Curacao Gambling License cost?
- How long does it take to get the Curacao Gambling License?
- What casino business can I run under a Curacao Gambling License
- What taxes will I need to pay with my Curacao Gambling License?
- How do I apply for a Curacao gambling license?
- Can a foreign company apply for a Curacao gambling license?
- What are the pros and cons of a Curacao gambling license?
- Who issues Curacao Gambling Licenses?
- Managed Curacao Gambling License
Who issues Curacao Gaming Licenses?
The Justice Minister of Curacao has sole discretion in granting online gambling Licences, which are issued by the Governor-General of Curacao. Since 1996 there have been four Master Licences awarded; respective holders are:
- Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ
- Gaming Curacao (GC) #365/JAZ
- Curacao Interactive Licensing N.V. (CIL) #5536/JAZ
- 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: In order to obtain the license, you will not work directly with the Master License Holder, you will work with an agent such as myself (WhatsApp details – top right of this page).
Where is the Curacao Gaming Licenses valid?
While Curacao licensed gambling operators are expressly forbidden to be used in certain countries, this does not mean your Curacao casino will be accepted in all other jurisdictions. Each jurisdiction has its own set of rules which will limit your ability to operate under the license. For instance, you may be prevented from using local payment solutions, or advertising your business without holding a valid local license. Your current PSPs may soft block some regions and interbank networks may refuse to process wire transfers from others. Payments, in general, should be thought of as an ever-moving target.
The Curacao license can be legally used in any jurisdiction other than the following where it is expressly forbidden under Curacao law: Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, and the USA.
If you do not have a local gambling license in the following jurisdictions: Bulgaria, Cyprus, Poland, Hungary, Slovakia, UK, Norway, Russian Federation, Mexico, Australia, UK and Canada, PSP’s “may” block payments from those regions. We use the word “may” as this is not always the case which is generally determined by the jurisdiction of the PSP being used.
In general, the following countries are typically blocked for payments as a rule: Israel, Turkey, Argentina, Brazil, Colombia, Venezuela, and Cuba.
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
How to apply for the Curacao 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.
- Incorporate a Curacao company (only local companies can apply for gambling licenses)
- The Curacao company will apply for a sublicense from a Master License holder
- Purchase hardware and sign up with local hosting (you are required to own physical hardware on the island)
- 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)
- Apply for e-wallets, PSPs, etc. (you will need reliable processors)
What does the Curacao Gaming License cost
The cost of the Curacao Gambling License is between €35,000 and €45,000 EUR per annum. This cost is made up of your corporate costs, your banking costs, your licensing costs and your hardware costs. Simply put, you are going to spend the above just to keep your structures running in order to support the license.
Your local management company will take care of filings and general administration requirements. They will also be responsible for setting up your company and applying for your gambling license.
Expect to spend anything between EUR25,000 – EUR35,000 in your first year on management alone.
For the actual license part of your costs, expect to spend between EUR5000 and ERU 12,500 (annually). This will depend on domains licensed, which provider you are using and other billable services in connection with the license.
You are also required to own hardware on the island in order to satisfy the permanent establishment requirement (PE). We offer a managed hosting environment which costs:
- Server cost: EUR 3000
- Hosting costs: EUR6000/annum
How long does it take to get the Curacao Gaming License?
In general it can take a few weeks to get the license. But this is based on the idea that you plan to offer a general casino offering. The more complex your offering (maybe a new game?) the longer it will take for your license to be approved.
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, arguably Poker, Back Gammon, Certain board games etc.
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 invoices and the normal tax rate (40%) if you do business with other Curacao companies.
How do I apply for a Curacao Gaming license?
Get in touch, we will assist you with the end to end process.
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.
We specialise in white label solutions for our clients games and can assist you with a White Label styled license which is simple to obtain.
What are the pros and cons of the Curacao gaming license?
The pros of a Curacao gambling license relate to lower costs to obtain, offers a simple application process, and is an all-inclusive license (you can offer sports betting and casino games on the same license).
The cons of the license are lower perceived standards when compared to a jurisdiction such as Malta/UK./IOM, a hands-off approach to disputes, difficult to market in some jurisdictions…
Managed Curacao Gaming License:
We offers a managed licensing service under our own Curacao Gambling License and this service is perfect for Crypto casino and operators who have the games but do not want the hassle of the license.
If this is you, get in touch immediately, we can help!
Take a look at www.gamblingtec.com for further information.
Get in touch:
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.