licensing

Curacao

Curacao is one of the oldest and politically stable gaming license providers. Curacao has regulated gaming in 1993 and is one of the first jurisdiction to regulate online gambling. Curacao has become during the last decades a famous and respectful jurisdiction for online gaming operators.

One of the major advantages in Curacao is that there is no VAT in Curacao and corporate income tax rate is only 2%, additionally there is no tax on Bets, no import duties, no sales (turnover) tax.

Online Gaming has become a main industry for Curacao in 2002 when the regulation has separated online gaming from the Curacao Gaming Control Board.

Curacao offers a very attractive environment for international online gaming operators, as Curacao offers only one License type which covers all online gaming products, including casino, skill games and also sports betting.

The operator is required to register a company in Curacao and has a local administrator, the company will be set-up as an e-Zone company in order to benefit from 2% corporate tax only. One of the requirements for a curacao license is Hosting of a minimum of a backup of the customer and transaction database in Curacao.

Curacao License

Curacao offers two types of licenses, Master License and Sub License whereas both licenses cover gaming operators the distinction is that a Master License can offer sub license but sub license cannot offer sub license. However apart of this, the sub license has the same rights as a full license to run an i-gaming business legitimately. Only one license is required to cover all gaming activities.

Licensing Procedure

In order to apply for a license the operator will be required to compile all necessary due diligence documents of the shareholder(s) of the curacao company to be formed. After the company formation application for a curacao license will be submitted with all relevant documentation and agreements. Generally it takes 2-4 weeks for the license to be issued after submission of all application documents.

LicenseValidity

The Master License is issued for 5 years and is renewed automatically subject to compliance with regluation and legislation. The sub license is valid for an indefinite period depending on the validity of the master license it is issued under.

EUCompany

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We offer full turnkey solution for Curacao Licensing and also full corporate set-up with an EU Operating Company to serve the Curacao License. Please get in touch with us for more detailed information.

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