The changes put forward by the Curacao government include: The establishment of the Curacao Gaming Authority to oversee all licensing and gaming operations; The issuance of B2C licenses and B2B licenses for operators; Licensing fees start at EUR 4000 for an application, EUR 12,000 a year once approved, and EUR 250 per month for each URL; By ministerial order of March 24, 2020, No. Regulated since 2009. Exciting developments are underway in Curacao's gambling industry, as the country gears up to issue new licenses directly to gambling operators from September 1. The Curacao casino license was actually the only iGaming license at the time. This amount covers the costs of an offshore company registration, a European bank account, hosting services and server space, the. Then it is necessary to fill up the required credentials which are similar to theones mentioned. The Curacao licence will cost you. Last update: 2. According to the recent update from 13. Moreover, the country has a relatively simple application procedure and a minimum list of documents from the regulator. We can incorporate a Gaming Company in Curacao for you and obtain a Curacao e-Gaming License; or 2. A casino license issued in Curacao is probably one of the most controversial examples of how a fact can be replaced with a myth. How to Apply for a Curacao e-Gaming License. 500 to EUR 12. There are only a few master licences, and most operators use a. 29/5 Winstoria Casino Review. The cost of a Kahnawake gaming license can vary depending on the type of license and the specific needs of the applicant. 5e26d01946b3d9a8 [email protected] Get a Free Consultancy [email protected] Licenses We Serve. Annual and monthly reports. It is one of the most affordable in the established gaming jurisdictions, with a Curacao gaming license price of around €20000. Curacao has become the latest European country to revamp its gaming sector. 25%. Gaming Curacao (license number: 365/JAZ), The Curacao eGaming has partnered with CSA to provide online casinos with the above four subsection licenses. Licence validity period is 6 years. As each operator may control more than one casino brand, you can find more than a thousand Curacao online casinos on every. The body handles license applications, controls following the principles of “Responsible Gaming”, and completes a blacklist of gamers. At least one physical server needs to be located in Curacao. Jansen emphasised that the process will not disrupt the business of any current licensees. Some common errors will be pointed out; however, you are responsible for reading and understanding. We are able to issue new Curacao sub. The Curacao license covers all types of gambling activities. It also offers a favorable tax environment, with low tax rates and incentives for gaming businesses. GBO has the skills and experience needed from twelve years working with banks all over Europe to help you open business banking accounts thanks to our wide network of friendly banks. In 2023, applying for Curacao’s new gambling license has become more accessible with the help of iGaming Express, a renowned industry leader in gaming licensing solutions. In addition, Curaçao is home to over a dozen physical casinos, such as the Breezes Curaçao Resort, Casino Royale, and the Marriott Emerald Casino. A Curacao casino license is one of the most affordable and easy to obtain licenses in the industry. GBO offers turn-key solutions for obtaining the new Curacao gaming license – the Complete package: AML policies, corporate framework, Policies, procedures, and. Further to Carl's comment, Curacao licensed gaming company will have a major (!) challenge with opening a bank account. They're one of the most popular organizations globally for obtaining a license to operate an online casino for several reasons, not least of which is the somewhat favourable tax laws that help the casinos themselves save money. Here is an overview of the Curacao online gaming industry: Licensing: Curacao offers a single license type for all interactive e-Gaming, including casinos, sports betting. The C2B Curacao gaming license is designed to be a simple and affordable way for gaming professionals to start and run their own online gambling sites. The transformation of Curacao's gaming license regulation marks a pivotal moment in the gaming industry's evolution. While land-based casino industry is run by Curaçao Gaming Control Board. curacao-egaming. We would like to show you a description here but the site won’t allow us. This annual licence runs at a cost of £2000, with a gaming tax rate of 1% capped at £425,000 up to £42. Curacao Gaming License Information. The new Curacao gaming License – We will assist with obtaining licenses under the new. It provides a form of political and economic stability. It takes a long time to get a license, almost 2-3 months, the rental is much faster. 3. Curacao gaming license offers only one type of license to permit operators and software providers deliver sports betting, games of skill and chance. Malta has a long history in gaming legislation. These background checks help casinos and license issuers verify your credibility and integrity. and the Curacao gaming license is among the most popular. English. Control over complying with licensing requirements. Last update 8. The master license licenses the gaming company and, in addition, opens up the possibility of sublicensing third parties, which bear the responsibility and conditions of the main license. Curacao. There are only a few master licences, and most operators use a. 4 billion by 2022. V. 9/5. For example, this widely known licensing gaming authority provides the most extensive online database for casino games. com part is constant. It oversees the gaming software of these casinos to ensure their safety and randomness while also. The CGA will not only have licensing authorizations but will also occupy the supervisory role within the sector and will be. Curacao gambling license cost not too much: the annual cost of a license for all gambling types in Curacao can vary from EUR 4. EGaming Curaçao, through the Curaçao license, provides the resources and technical capabilities for your brand to enjoy a successful performance. Explore the Future of Online Gambling License with Curaçao's Latest Updates that are set to reshape the online gambling landscape, ensuring fairness, integrity, and compliance. a sublicense by CIL pursuant to Master Gaming License #5536/JAZ as of September 14, 2021 . 0. It has both a master and sublicense. Without needing. It varies depending on how in-demand it is at a particular time, the size of the applicant’s business, and the scope of the services it offers. Because of player-operator conflicts, it took time and effort for the Curacao Gambling license to be recognized. Users from all over the world often play on online portals but obtaining a license in Curacao requires that each player follows certain rules and is notified in advance of the dangers of gambling. Curaçao was one of the first jurisdictions to recognize the potential of remote gaming and established its licensing regime in 1996 to cater to the gaming industry. Curacao is one of the most affordable jurisdictions for the establishment of an e-gaming company. since March 2020, the Gaming Control Board Curacao (GCB) has been tasked with the licensing for and the supervision of the online gaming sector on behalfof the Minister of Finance of Curacao. Opening business bank accounts. Contact The Curacao Gaming Control Board. It has the longest track record of any jurisdiction in the iGaming industry. The Curacao gaming license encompasses two types: master licenses and sub-licenses. The type of the license you will need also depends on the jurisdiction both you and your players are based in, as well as the currencies you plan to include. Operators with a cross-licensing agreement with the British government can apply for a permit in the UK. (curacao-egaming) #1668/JAZ; Gaming Curacao (GC) #365/JAZ, Curacao Interactive Licensing N. Ignition Casino rounds out our top 10 Curaçao casinos reviews. B2B license in Curacao is for service providers to legally offer their services to other gaming operators, promoting industry expansion. This makes it easy to see when a new Curacao casino is released. Under the new regime, the soon-to-be-created licensing authority will wrest control of licensing from the four private entities. 365/JAZ; Curacao Interactive. Finally, licensed iGaming companies will be expected to pay a gaming contribution of $26,500 to the CGA. As a licensing jurisdiction, Curacao has the authority to grant online gambling licenses. Relative easiness of obtaining and a more beneficial price are the major reasons behind its reputation. The speed of the licensing process. Cost of Curacao Gaming License. 1. Isle of Man gaming license cost. Advantages and disadvantages of a Curacao e-Gaming License: Advantages: Inexpensive application process. Safeguarding Curacao’s international reputation, especially as an i-gaming industry Another important change that took place in 2023 is the establishment of Curaçao Gaming Authority (CGA). There are three separate gaming licenses under the jurisdiction of Curacao - Curacao eGaming , Gaming Curacao and AntillePhone NV Gaming. Curacao, formerly part of the Netherlands Antilles, offers the fastest and one of the most reliable iGaming operation areas when it comes to setting up your casino and creating these connections. The local gambling license cost is £5,000 (€5,600). It should be mentioned that the set of requirements will be slightly different in each case. Operators holding an Anjouan license are exempt from paying taxes on gross gaming. Law&Trust offers a full range of services for. In order to apply for an online gaming license you need to download and complete three forms: The Online Gaming Application Form. Curacao Gaming Control Board (GCB) – name of the new gambling regulator, which was expected to start operating in March, 2021, however, as of August, 2021, the changes still did not take effect. It will be the responsibility of the licensees themselves to decide whether the sublicense. 3. A Curacao gaming license at 2023 is the most cost-effective in the world. €10000. In this article, we examine the Curacao gaming license, its history, the benefits it offers, and the necessity of obtaining a. There are several laws regulating the gambling industry: “State Ordinance Casino Industry Curaçao” (AB 1999, No. While the Curaçao Gambling License is widely accepted and recognized in many jurisdictions, there are certain regions where. The certificate allows you to perform activities in any format: betting, sweepstakes, poker rooms, traditional online casinos, and much more. #365/JAZ as an Information Service Provider. The Curacao license application process is straightforward and light on bureaucracy. For all license holders, the license fee amounts to ANG 96,000 per year (approximately EUR 49,000). Our Experts are always meticulous in financial matters, therefore you get an accurate cost estimate. . + Follow. As part of the new gaming regulatory framework, companies applying for a new Curacao license will pay a reasonable application fee of €5,000 and a yearly license fee of €14,000. It is a globally politically stable iGaming regulator, that issued over 450 licenses to operators throughout the years. and the Curacao gaming license is among the most popular. 10. Innovative solutions —. For whatever reasons, if you wish to get in touch with the Curacao Gaming Control Board then you can easily find them at Emancipatie Boulevard, Dominico F. Software. 112, Psaila Street, B'Kara Malta, BKR 9075 (+356) 27050699, (+356) 99441881. Other documents include responsible gaming policies, AML/CFT. For B2C companies, the Annual License fee will decrease from $66,000 to $25,000 and there will be no GPT tax. In Curacao The Curacao Online Gaming License is the only type of license available and in use is the Sub License. The current regime, which ables new operators to apply for sub-licenses with any of the four master license holders, is soon to be replaced by a central government-controlled authority; the Curaçao Gaming Authority (CGA). The gaming license offered here is one of the best in the world. In the regulation time process: Opening bank accounts, merchant accounts; Curacao company incorporation; Submitting license documents, company documents, and paperwork; Payments for the company formation and license fees; Wait several weeks (4-6 weeks) until the license is ready to implementThe initial application price and yearly fee for this license are both €2,330 and €6,660, respectively. The costs of this on paper is around €6,500 per annum but in reality you are going to spend between €15,000 and €25,000 in legal and administrative costs. 01 Professional Service. Changes in Curaçao Gaming License & Casino Regulations. Casino gamblers will find the next perks on this site: 80+ software providers. The licensing regulator Curacao eGaming, was first set up in 1996. (CIL) #5536/JAZ; Antillephone NV 8048/JAZ; Legal Ecosystem and Licensing. It ranges from around $17,000 to $23,000, depending on the size of your business and the services you offer. Licenses are issued by the Ministry of Justice. online gaming licenses will only be granted to legal persons that are legally and effectively established in Curacao, and . Since the island’s independence, Curacao casinos had a massive boom due to being able to set up their own rules and regulations with no. The first payment for a license is from £ 17,500; when renewing a license, the cost depends on income - it’s up to £ 400,000 for annual renewal. Curacao operates with a unique licensing system that involves two types of permissions instead of. License: Curaçao Gaming Control Board; Headquarters: Curaçao; Our Verdict: 3. Apply for hassle-free and reliable Curacao gaming license. The GCB supervises all gambling sectors at the moment, but the Curacao Internet Gaming Association (CIGA) is responsible for issuing e-gaming licenses as a sector within. However, there are now a lengthy list of excellent and new Curacao casinos available. Thus, Curacao gambling license cost is very affordable. Situated off the coast of Venezuela, Curaçao is known as one of the most commonly used online gambling licensors since this island has been issuing e-licenses since 1996, longer than most other jurisdictions. “Don”, Martina 23, Willemstad, Curaçao. 100% up to £ 200. They have passed all compliance and are legally authorized to conduct gaming operations for all games of chance and wagering. Recognized by Financial Institutions: The license is acknowledged and accepted by banks, Electronic Money Institutions (EMIs), financial. The cost of a Curacao gaming license varies based on demand. Affiliate disclosure. We license all game events, including blockchain projects. Apart from the jurisdictions above, online casino owners can also obtain a license from. This is an advantage compared to some other gaming licenses that do not cover. The new Curacao license application and gaming laws As of 2. New Curacao Licenses Applications; Curacao Gaming License Costs; bank accounts to Curacao company;We would like to show you a description here but the site won’t allow us. They’re one of the most popular organizations in the world for acquiring a license to run an online casino for a variety of reasons, not the least of which is the slightly favorable tax rules that assist casinos save money. Also, instead of the previous system (four master license holders had exclusive rights to issue sublicenses and oversee licensees), the body will issue new gambling. The Curacao gaming license is available only to companies that are based in Curacao. For comparison, the annual cost of only a license for 3 out of 4 gambling types in Malta is EUR 25. Curacao Gaming Control Board also explained that “every 3 years” a new casino license application must be. Geographical Validity of the Curacao License. On that day the new National Ordinance on Games of Chance (LOK) will go into effect. Curaçao Interactive Licensing N. Client’s market of operation is understood and analyzed. Search; Menu Menu; Getting a Curacao eGaming License. However, the government intends to phase. Theo Last Update: April 9, 2023. GET IN TOUCH. the Curacao Gaming Control Board projected the final law’s implementation by mid-2024. to offer online gaming Curacao is making significant strides in modernizing its online gaming regulations, designed to align the island’s gaming laws with international standards. Curaçao eGaming (Netherlands Antilles) is regarded as a practical solution for starting an online gaming and gambling business due to its optimal mix of time and cost balance. All of this aims to prevent money laundering, boosting transparency and responsible gambling’ The changes are already in motion with a transitional period set to 2025 (an online portal is. V. Currently (2023), 1UP Entertainment runs two online casinos. November 2, 2023. They have passed all compliance and are legally authorized to conduct gaming operations for all games of chance and wagering. Under the current law, operators must obtain a sub-license from one of the four master license holders to gain approval. Curacao License Cost. Wide range of games: A Curacao license covers every type of. Note that the Curacao Gaming Control Board (GCB) regulates the online gaming sector, as allocated by the Curacao government in 2018. The regulators in Curacao have been working in the online gaming industry since 1993. A member of the Interactive Gaming Council, its responsibility is to ensure that online gambling operations within the nation adhere to a code of conduct and meet all licensing requirements. With the Curacao e-Gaming license, you will gain access to all gambling activities with a single license. As of September 1, 2023, strict regulations have been introduced in the island's gaming industry, aimed at enhancing fairness and compliance with international standards. Make sure you have the latest version of the forms. In some regions, you would fill out an online form, while in others you would download a PDF containing the application form. 14/07/2023: Latest update on Curaçao license in new article via link. The same fate seems to be in store for Gaming Services Provider (license 365/JAZ), Curaçao Interactive Licensing or CIL (license 5536/JAZ) after 2002, and The Elite Turf Club (license 4627/RNA. Prepare your online casino business and ensure compliance for success. Naturally, the process starts with the basics, such as verifying your age to determine whether you’re older than 18 or 21. A Curacao gaming license is handy when operators want a quick and affordable licensing option. We would like to show you a description here but the site won’t allow us. It allows the company to test the concept, get a client base, and reinvest funds without having to pay a fortune in costly applications, taxes, and fees. The Curacao online gaming license. Remote Gambling License B2B Gaming Operator’s License – Live: Greece: Hellenic Gaming Commission (HGC) Manufacturer’s Suitability License: Greece:. Curacao Gaming License. 97) “State Decree Casino Industry Curaçao”. However, in September 2023, a new. The license is valid for a period of five. This is an indicator that the time is right for starting or investing in the online gaming business. For whatever reasons, if you wish to get in touch with the Curacao Gaming Control Board then you can easily find them at Emancipatie Boulevard, Dominico F. High taxes. Local Physical Address. Here are the basic steps: Step 1 – Seek. Without the proper permits, you cannot legally do business on the island of Curaçao. Those expenses cover all types of iGaming and allow partnerships with sub-license owners. Curaçao is an island that is part of the Netherlands. 2 minutes read. “Don”, Martina 23, Willemstad, Curaçao. Curaçao is taking new steps to enhance the oversight and legitimacy of its online gambling industry. Curacao gambling license allows one to open. The Gambling Commission issues 2 types of permits: Master License. Why Curacao? The Curacao gaming license is one of the most affordable in the established gaming jurisdictions, with a base cost of around €21,500. The bank may also request the company’s commercial operations, as well as the identities of its. How many gaming site domains can be registered under a Curacao gaming license? The number of domains that can be registered under the license is unlimited and when issuing the license you can register 2 domains for free. Some of the most popular gambling jurisdictions are Curacao, Malta, Alderney and the United Kingdom. Curaçao’s new license will include clauses encompassing anti-money laundering and responsible gaming obligations. The purpose of this new legislation is primarily to strengthen the Curacao license by imposing higher barriers to entry for operators, aligning the Curacao license with counterpart licenses in EU jurisdictions. The above Casino or Sportsbook is licensed and authorized by the Government of Curacao and operates under the Master License of Gaming Services Provider, N. Benefits of the Curacao sub-license include: Holders of a Curacao gaming license are able to operate with ease in the European market; The cost of a Curacao gaming license is lower than that of many other leading jurisdictions; Taxation in Curacao is just 2% on corporate revenue and 0% on revenue from bets, VAT, sales tax, and. You need to have a local representative. While getting a full master’s license in Curacao is challenging, obtaining a sub-license through a master’s license holder is a breeze. There are gaming, egaming, remote gambling, and betting licenses at your disposal. WH Partners. When you add it all up, there’s no better place for an iGaming startup to obtain its first license. The launch of casino mobile versions and sports betting on smartwatches is also expected to engage new audiences looking for quick access to online gambling features. Some of the requirements include providing a police clearance certificate, providing identification documents including passport and a utility bill, and presenting a banking reference. 2023 . Poland Gaming Licence. Expertise: Legislation, Politics, Mid-Atlantic, Southeast, Regulation. The Curacao e-Gaming Licensing Authority (CeGLA) is a division of the Curacao Gaming Control Board (GCB) that is responsible for issuing licenses to online gaming companies. V. Application Incorporate a company in Curacao: Gaming License: 14,800: Negotiated from Curacao Master License Holder: Banking: 2,500: Search for accepting banks within the EU: Incorporation: 3,650: Incorporate a business in EU for banking contracts: EMI: 2,500: To allow for receiving of PSP funds: PSP: 3,500: Open PSP accounts for processing money transfers. We are able to issue new Curacao sub-licenses which will be. 21,900 EUR per year + 6% sales tax. If you are not sure, please check the licensee register on curacao. com. Easy to do considering most companies will charge €200 EUR per hour in fees and this adds up fast. V. 1668/JAZ) is one of them. Verify that you are dealing with a properly verified and genuine CEG licensed operator. Additionally, the streamlined licensing process and the jurisdiction’s experience in the gaming industry. Curaçao eGaming is a leading master license holder of Curaçao offering gaming license to run e-gaming operations. Two domains and one validator. Much of this is due to the simple and compact gambling laws of Curaçao – you will be hard-pressed to find a better legal environment for online gambling. After the establishment of the Curacao Gaming Authority back in 1996, the license was awarded to hundreds of casinos from all over the world, gradually becoming the most popular jurisdiction for. Bovada – Trusted Curacao licensed sports betting in the USA. “State Ordinance Regarding Labor in Hotels, Restaurants, and. V. Curacao Sub-licenses are to be renewed until the beginning of 2024. On top of that, the costs of establishing the necessary corporate structures, banking accounts, and payments connections are low and their profits taxes undercut most other jurisdictions. Here is what I will shar. Slots. V. UK. Payment for the new partnership with a sub-licensee is £5,000 (€5,600). Let’s break it down. Curacao Gaming License from €17 900. Close Similarities: Despite their differences, the Curaçao Gaming License and Anjouan Gaming License share several similarities that make Anjouan a compelling alternative for businesses. In addition to the required paperwork a company applying for a Curacao gaming license (or a regular land-based gaming license) must incorporate their company as a local legal entity in one of the island’s “e-Zones. Legislation Reforms. 29/5 Winstoria Casino Review. EM Group has been the fastest growing corporate services provider in Curaçao, specializing in online gaming since 2005. There is a 0% game tax for the Curacao license. it is authorized to do business in Curaçao providing internet gaming services and products. Law regulations and favorable tax laws make setting up a Curacao betting site here very attractive. Vital to the license acquisition is the character, honesty, and integrity of the company, and gaining the same is a testament to the site’s standing and reputation. You can see the complete list of additional documentation on the website of one of the top companies – Curacao eGaming – which holds the master license. It takes a lot of documents to get a. Being run by one of the most popular casino providers in the industry, this is a to-go cryptocurrency casino for real money play. Curacao license. (Curacao-eGaming) license no. Save money. Before starting the business is good to understand how and where a curacao gambling license can be used and to understand the seven types of gambling. Online gaming operators can obtain a license in as. I. But with the licensing regime set to change this year, some operators are looking elsewhere,. We have the seemingly wizened Curacaoan government to thank for it. The Curacao income tax is just 2% and is not subject to VAT or corporate profit tax. €9,000. About the Curaçao Gaming Licence. WhatsApp us: +972504938469, email us: [email protected] Curacao gaming license offers numerous advantages, including global business opportunities due to its wide acceptance and reputation. Search for accepting banks in EU: €2,500: Corporate: Register a Curaçao company: $7,900: Corporate: Acquire or create EU-registered corporation for banking contracts:The government of Curaçao is currently in the process of realizing a complete reform and modernization of its (online) gambling legislation through a new law that will be named the Landsverordening op de kansspelen (Lok). Get your new Curacao gaming license through us and enjoy the best price and service. GBO, a company that helps clients obtain gaming licenses, advertises prices for their turnkey packages starting at $55,000, which includes the cost of the license. The following steps are required to obtain enabling documentation: register a company in Curacao; prepare the package of documents and scope of information; submit an application; wait for the regulator’s decision; launch an online casino. Latest Casinos with a Curacao Licence 2023. The basic information you need to know is that the application fee for a Curacao gaming license is €5,000, and the annual license fee is €15,000. We are able to manage all your needs when it comes to licensing, bank accounts, and offshore infrastructures for gaming operators worldwide. Since 1996, hundreds of the world’s best gambling apps and sites have chosen to be based and regulated by the Curacao Gaming Control Board. A company in Curacao is also attractive from a tax perspective, as there is no VAT and the income tax rate is only 2%. The following is a table featuring the price tags for an established Curacao online casino with. Tax Benefits: Curacao imposes a low tax rate on gaming revenue, rendering it an attractive destination for gaming firms seeking. Bingo is an exciting game that gives your online casino an additional competitive edge. The Personal History Disclosure Form. The last form must be completed for every. Curacao gaming license cost. Thing is, due to pressure from certain powers majority of Curacao banks will. The island of Curacao is located in the south of the Caribbean Sea near. In order for the licensing application. . All forms of online gambling are legal and the government offers attractive tax rates for operators, network providers and software businesses. EGaming Curaçao, through the Curaçao license, provides the resources and technical capabilities for your brand to enjoy a successful performance. Insights into 2023 Updates. Search . com, the current estimates state that the gambling market as a whole is growing at an annual rate of almost 6% and is expected to be worth over $565. Its license was one of the most cost-effective, simple, and quick to acquire and thus attracted hundreds of operators. Exciting developments are underway in Curacao's gambling industry, as the country gears up to issue new licenses directly to gambling operators from September 1. How to Transition from a Curacao Sub-license Gaming License to the New Curacao Master License: A Guide by GBO 15. The government of Curaçao only grants one license for all forms of gaming. Licensing in the jurisdiction of Curacao, is the most popular place to get a gaming license. To be able to obtain a Curaçao e-gaming license, the applicant must seek pre-approval through a Corporate Service Provider to apply for an e-gaming and IP License. Curacao is considered one of the most trustworthy gaming license jurisdictions and a popular choice for offshore online gaming operators and startups. 2. After obtaining a permit, operators are required to pay £35,000 (€39,000) every year. (CIL) #5536/JAZ and Antillephone NV 8048/JAZ. Curacao has taken another major step in a regulatory overhaul of its online gaming industry. And if the company does violate the rules, master license holders have the. Mobinc Group. Below you can see all the eligibility criteria that have to be met to obtain a license: Your iGaming business must be registered in Curacao. GBO offers New Licensing in Curacao Through the Curaçao Gaming Control Board (GCB) Our dedicated team has been a pioneer in delivering end-to-end solutions in Curacao since 2009. B2B license in Curacao is for service providers to legally offer their services to other gaming operators, promoting industry expansion. B2C Curacao gaming license: This novel license is designed to be adaptable, cost-effective, and fully supportive of the needs of gaming professionals. V. You should select one based on the type of your business. The Curacao casino sublicense is also issued for all types of gambling operations. Curacao can be rightfully called one of the most popular licensing authorities in the world. V. November 1, 2023 7:13 PM. Curacao, a constituent country of the Netherlands located in the southern Caribbean Sea, has established itself as a leading jurisdiction for online gaming operations. In 2002, the Curacao Gaming Commission was also able to decentralise from the Gaming Control Board. The fee for getting (and renewing) a Curacao license is €21,900 per year + 6% sales tax. Online Gambling is becoming super-profitable. Reach out to us to get a tailored proposal just for you. The Landsverordening op de Kansspelen (LOK), known as the Curaçao National Ordinance on Games of Chance, came into effect in September 2023. This implies that with just one Curacao license, an operator can offer sports betting, casino games, and poker. The purpose of this new legislation is primarily to strengthen the Curacao license by imposing higher barriers to entry for operators, aligning the Curacao license with counterpart licenses in EU jurisdictions. Introduction: Navigating the Complex World of Gaming Licenses As the online gaming industry continues to expand globally, it’s more important than ever for operators to understand the licensing landscape. The license is popular because it is. Operators have multiple responsibilities, such as filing annual reports, ensuring continuous compliance, and handling renewal fees, among other periodic requirements. We proudly present our array of offerings: A-to-Z process for Curacao New License Applications. V. Step 1. On top of this, operators will pay an extra $340 per qualified person and $275 per UBO. Value-added tax (VAT) rates in Malta are 18% and 35%,. The government of Curaçao is currently in the process of realizing a complete reform and modernization of its (online) gambling legislation through a new law that will be named the Landsverordening op de kansspelen (Lok). This makes it easy to see when a new Curacao casino is released. Now, to obtain the license, here are the steps you have to follow, Provision of a full description of the games. However, in practice, holders of online gaming licenses generally grant a contractual right to third parties established in Curacao. Malta is a Mediterranean island, which is also a member of the EU. Preferential tax rates are becoming attractive to those seeking to minimise their financial obligations. The GCB was the direct result of the second Mutual Evaluation Report of the Caribbean Financial Action Task Force in 1998. Published Jul 27, 2023. The fees may include an initial application fee, annual license fees, and compliance fees. In anticipation of the entry into force of the Lok, the Minister of Finance of Curaçao has decided to resume issuing. The Gambling Commission issues 2 types of permits: Master License. Appoint a local company representative. 000000000 In the dynamic world of online gaming, businesses seeking to operate legally and establish a reputable presence must obtain the appropriate gaming license. They offer a turn-key package that includes everything you need for complete gaming operations. First regulations concerning gambling industry restrictions started way back in 2009. This tax incentive will soon be available to the online gaming sector. with license number 8048 / JAZ. The Anjouan Gaming License is gaining popularity among gaming operators as an alternative to the Curacao license. We can offer you a White-Label solution which means your Gaming Company can use our license for a fixed annual fee. Which one applies to the casino depends on where they plan to operate. We offer a comprehensive range of services, including bank account opening, software procurement, and merchant account acquisition, to facilitate. 8000+. (CIL) 5536/JAZ and Antillephone NV 8048/JAZ. Otherwise known as a private foundation or a “Stichting”, this is a separate legal entity that can be created to protect assets and facilitate estate planning. can issue B2b & B2C licenses. Put differently, the Curacao gambling license is the most used and affordable in the world. In total, Curacao license will initially cost under 20,000 euros. After obtaining a permit, operators are required to pay £35,000 (€39,000) every year.