Gaming License In Curaсao

The jurisdiction of Curacao provides favorable conditions for running your gambling business. For this reason, casino owners are trying to obtain a license in Curacao. It attracts them because they have an opportunity to take their business in the European countries and a low tax rate of 2% on the company’s net profit.

Curaсao is a part of the Netherlands Antilles, most of which is the territory of the Netherlands. The islands’ favorable business location and low taxation have become an impetus for the development of various fields of activity. And the online casino is no exception. The procedure for obtaining a license for gambling is considerably simplified in comparison with other countries. And what can please, it is a low-cost license, as opposed to other jurisdictions, and a short time frame for obtaining one.

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What are the types of licenses?

Master license

Master licenses are valid for five years. The decision to issue the license is made by the Minister of Justice. It is also worth mentioning that Curacao has only four master license holders since 1996. In this regard, people, who are interested in the legalization of the gambling business in Curacao, can only get a sub-license.

Sub-license

The sub-license is issued by the master license holders. Even though it is unlimited, its duration depends on the master license. The sub-license will be valid as long as the master license is active.

Both types of licenses allow you to carry out any activity in the gambling industry.

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How to get a license in Curacao?

What is the list of documents needed to obtain a Curacao license?

⦁ a certificate of no criminal record and income statements

⦁ copies of passport and original receipts for payment of unity bills for the last three months

⦁ CV/resume

⦁ recommendation letters from banks

⦁ data on software for the online casino

⦁ business plan

⦁ application for a gambling license and documents to confirm the domain name and site availability.

Why is it worth choosing a license in Curacao?

The man at work — Casino chips on a computer screen.

What are the advantages and disadvantages of obtaining a license in Curacao?

Advantages:

⦁ Single license

Unlike other jurisdictions, the Curacao license allows you to engage in various kinds of online gambling (sports betting, lotteries, poker).

⦁ Taxes

As we have already said, one of the significant advantages of obtaining a license in Curacao is low taxation.

⦁ The fast obtaining of a license

The procedure for obtaining a license takes approximately two months.

⦁ Reasonable price

Another advantage is the pricing policy. To obtain a license in Curacao, you need to pay from 4,500 EUR to 12,500 EUR per annum for all types of gambling activities. If we compare the price in Malta, then only for 3–4 types of gambling industry the annual cost will be 25,000 EUR.

⦁ Ability to transfer funds to cryptocurrency

Disadvantages:

⦁ Master license holders are prohibited from accepting players from the United States, France, the Netherlands, and Curaсao on their platforms. If this rule is violated, they risk losing their license.

Conclusion

References:

https://uk.wikipedia.org//Азартнi_iгри_в_Кюрасао

https://en.wikipedia.org/wiki/Curaçao

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