It is well acknowledged that Curacao is one of the best places to get a gambling license. The fact that Curacao has a unique status as an autonomous Dutch territory thanks to its history as part of the Dutch Antilles is an advantage of obtaining a gaming license there.
That’s right; you may take use of all the perks of EU membership without incurring the high tax burden that comes along with it. Consequently, if you’re interested in the online gambling industry, this is one of the best places to start.
The Benefits of Obtaining a Gambling License on the Caribbean island of Curacao
Obtaining a gaming license in that jurisdiction has several benefits for a businessman:
- Since 2002, the government of the island has authorized gaming.
- You may use beta-tested slots on your site since you have set minimum requirements for programmers.
- Information on beneficiaries, shareholders, and stockholders’ percentages of income, as well as basic information on the owners’ banking accounts, are all that is included in the documentation package.
- Games in Curacao are not classified in any way. In light of this, you may choose to limit your gaming operations to those authorized by a single Curacao Online Gaming License.
- The application requirements and costs are relaxed for both international and local enterprises. Instead of paying taxes on the whole amount, you’ll pay just 2% of your net income.
Countries Eligible for a Gaming License from Curacao
First, it’s important to note that several countries have outright banned online gambling inside their borders.
To protect their local gambling providers, several countries prohibit their residents from accessing overseas online betting sites. Numerous European Union member states and the United States may be found here.
There are nations that place restrictions on citizens’ ability to do business with companies holding a Curacao gaming license. Some of the countries that fall under this category include Greece, Hungary, Ireland, Latvia, Lithuania, Monaco, Portugal, Slovenia, Sweden, Switzerland, Canada, Dominica, and others. Nothing, however, stops them from working with Curacao-based online gaming businesses.
Curacao bans online gambling for its citizens and has further restrictions with countries with whom it has treaties. Some of these countries are the United States, Australia, the Netherlands, France, and the Dutch West Indies.
Curacao Gambling License Application Procedure
You may apply for a license to take bets in Curacao if you meet the requirements set out by the Department of Justice. When it comes to launching new gambling, betting, and lottery platforms, this department is in charge of completing the necessary paperwork and approving the applications.
If your website was registered in accordance with all local and international laws, the period required to evaluate the package of paperwork might be cut to 6–8 weeks.
The time needed to compile all the necessary documents and translate them into the language used by the committee of specialists is reduced.
License Fees for Gambling in Curacao
While the cost of a Curacao permit may fluctuate, there are a few constants. When compared to the price of a game license in other countries, the initial costs of 20,000 to 25,000 euros are rather low. However, there may be additional costs beyond the purchase of the permission, such as increased taxes. The following are some extra charges that must be considered:
- Registration Fees
- Permission application fee
- The cost of obtaining authorization
- Web hosting and servers in your region
- Company leadership during its first year
- Help with steps like form filling and account creation that are crucial to the requesting process.
The Fintech Harbor Consulting team of professionals is ready to help you with any questions or concerns you may have about Curacao gambling licenses, including gambling license verification and forex trading license https://www.fintecharbor.com/forex-licenses/.
