Curacao Gaming License
Obtaining a Curacao gambling license offers a cost-effective and promising solution, thanks to its fast processing, favorable pricing, minimal taxation, and other various benefits.
If you’re considering launching a legal gambling business – obtaining a Curacao license is a must. This process involves registering a company, developing documentation, paying state fees, and meeting straightforward jurisdictional requirements.
Curacao, a self-governing state within the Kingdom of the Netherlands, enjoys a strong reputation, and its affiliation with the EU markets enables it to establish its own laws and taxation standards.
For starting an online gambling business, Curacao single license offers provision of legal activities in online casino, poker, sports betting, roulette, slots, lottery etc., Curacao offers two types of licenses: master and sub-license, with both covering all game types, enabling official operation within the jurisdiction. The primary distinction is that the master licensee possesses the authority to issue sub-licenses to other providers.
Who is the regulator?
The Curaçao Gaming Control Board (GCB) is charged with licensing and supervision of the Curaçao online gaming sector on behalf of the Minister of Finance. As such, the GCB is the main licensing authority and AML/CFT supervisor for the gaming industry in Curaçao.
The Financial Intelligence Unit (FIU) is a specialized unit within the Ministry of Finance responsible for receiving, analyzing, and disseminating information related to money laundering and terrorist financing.
Types of license
- Master license
- Sub-license
- Both license owners can provide all kind of gaming activities, the significant difference is that Master license allows to issue sub-license.
Key advantages of Curacao:
01
Accelerated Licensing Process
Opportunity to obtain sub-license instead of master license, which makes the process x4 times faster, narrowing it up to 6-8 weeks.
02
Cost-Effective Gambling Jurisdiction
More affordable solution, compared to other popular gambling jurisdictions.
03
Simplified Licensing Requirements
Straightforward requirements make obtaining a Curacao gaming license a remarkably quick and uncomplicated process for business owners.
This unique advantage allows businesses to put their gaming concepts into action without the complex and time-consuming procedures. The documentation package is streamlined and includes essential elements.
04
Unified Gaming License
In Curacao, gambling activities are not categorized into separate types or classes, offering the advantage of securing a general license that gives access all forms of entertainment within a one license. The permit you get allows you to add more games to your iGaming platform.
05
Favorable Tax Conditions
Tax advantages, 2% not of the total, but net profit paid to Curacao, making it lowest in the gambling industry. 0% VAT for gaming companies.
06
Developer-Friendly Market
Software developers are welcomed to raise their competitiveness on a market.
Key Requirements for license obtainment:
At Legalaes, we simplify the process of securing a Curacao gaming license. Our straightforward approach ensures your iGaming platform gets off the ground smoothly.
- Company Registration: We assist in registering your gaming company with a local legal address.
- Local representative/director in company structure.
- Detailed Business Plan/Game Descriptions: Our experts help you create comprehensive game descriptions, ensuring regulatory compliance.
- Terms of Use: We add the essential “Terms of Use” to your gambling site.
- Domain Creation: We facilitate the domain setup for your gaming platform.
- Local Servers: To meet Curacao’s requirements, we assist you establish at least one physical server in Curacao.
- AML Policy Development: Our team guides you in developing and implementing Anti-Money Laundering (AML) policies.
- Software Audits: We assist with software maintenance audits to ensure compliance and fairness.
- RNG Certification: If you are a developer, obtaining a Random Number Generator (RNG) certificate to confirm the transparency and fairness of your game is necessary.
Packages of services
Basic Package
This comprehensive package is designed to meet the minimum regulatory requirements for establishing a licensed Gaming company in Curacao
16500EUR initial set up
- Checking and reserving company name/brand
- Company registration
- Government fees for incorporation
- Provision of Legal Address for 1 year
- Corporate documents
- Due-diligence of shareholders
- Consultation and filling registration form of gaming activities
- Preparing of all necessary licensing and notarized documents for application form
- Government fees for licensing
- Registering local director (requirement, we provide if you do not have one)
- Assistance with local server set-up
- Communication with regulator authorities
- Legal Support throughout the entire project
Additional services available on request:
- Preparation of individual business plan
- Preparation of required documents for the licensing
- Accounting services
- Assistance in opening bank account, including segregated and safeguard accounts
- Connection with SWIFT
- Apostilled corporate documents
- Introduction to confirmed software provider
- Legal support
Fintech lawyers
In Curacao, straightforward requirements make gaming licenses easily accessible, especially for new businesses. The costs for licenses are competitive, often more affordable than in other places. To find out the exact fees for your type of business, connect with our team for a tailored solution.
Additional requirements/Suggested requirements:
- Maintain a physical server in Curacao.
- Implement robust AML/CFT procedures.
- Use certified gaming software.
- Conduct technical audits.
- Pass fit and proper tests for company personnel.
- Establish responsible gaming practices.
- Appoint an internal compliance officer to ensure AML/CFT compliance.
Company incorporation:
- Any locally license can be issued only on legal entity (company), therefore first step is to incorporate Public Limited Liability Company (N.V.) or the Private Limited Liability Company (B.V.)
- Submit required documents – copy of passport, proof of address and non-criminal record
- Provide 3 company names for business, we check for name availability and verification.
- Meet the requirements:
minimum one director Curacao resident (we provide)
minimum one shareholder, with no residency requirements, can be foreigner
Local legal address/local office or virtual office (we choose virtual office to make your costs lower) - After appointing, register director and shareholder in the Curacao chamber registry
Licensing part:
- Preparation of all required documents for applicant submission
- Preparation and description of business plan
- Submission of your application along with the documents to the GCB
- Payment of application fee
- The finalization of your domain name, server, and gambling platform, if applicable
- The review of your gambling software and hardware by the Master License holder’s technical compliance team, if applicable
- Once the information submitted by the applicant is verified and satisfies all the requirements, a Sub-License is granted.
Each of our projects receives unique and tailored solutions in accordance with the initial objectives and vision of the shareholders.
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