Curacao Gambling License Price
Curacao online gambling license is costs $34 000 today. This includes registration, annual maintenance, investments to eGaming and the rest. About The Process Of Online Casino Licensing Itself: Advantages Curacao bypasses other jurisdictions due to the number of advantages, which make it one of the best in its sector. One license is issued to cover all forms of online gaming, software and egaming service providers (no need to apply for multiple licenses). Curacao egaming licenses are relatively low-cost. The license application process in Curacao can take as little as 6 weeks to complete. To ensure no one under the age of 18 tries or manages to sign up at any Curacao licensed gambling site you are often going to be required to send the site all manner of identification documents to prove your age and also prove you live at your address and are who you say you are, if you are unable to supply any requested documents your accounts will be closed down and locked. Recently, Curacao jurisdiction has been in special demand for registering its gambling business. There are several reasons for this. This region offers high protection, widest market, and effective legal cooperation. While the license is in middle prices, the sublicense can be affordable for many newcomers. Incorporating the e-Gaming Company in Curacao; Obtaining the Curacao gaming sub-license for the e-Gaming Company; Providing the registered address in Curacao. Services to be provided by the Master License Holder: Granting the e-Gaming Sub-License for the e-Gaming Company. Co-location and Hosting Facilities with adequate bandwidth ICT support.
If you are thinking of getting a Curacao Gambling License, you will better understand how and where a curacao gambling license can be used once you understand the seven types of gambling jurisdictions which are seen across the world.
- Jurisdictions which allow no form of online gambling for example China, Turkey, UAE, Brunei, Cambodia, North Korea, Japan, Singapore, Quatar, Lebanon, Poland (Note, this list may not be accurate and is provided as a reference).
- Jurisdictions which allow only licensing for online gambling operators but do not allow them to provide services within the country and does not allow any foreign license holders also to operate.
- Jurisdictions which allow only licensing for online gambling operators but do not allow them to provide services within the country, but they impose no restriction on any foreign license holders to operate. (ex. Costa Rica).
- Jurisdictions which have no laws on online gambling (ex. India).
- Jurisdictions which allow online gambling only through operators registered in the same country or state (ex. Some states in the USA).
- Jurisdictions which allow online gambling by its residents through licensed operators from selected countries but have no domestic laws (ex. Most EU Countries which allow EU licensed operators to accept customers from their countries).
- Jurisdictions which allow online gambling by its residents through licensed operators from the home country and selected other countries (ex. Most EU Countries which allow EU licensed operators to accept customers from their countries).
Now, no online gambling operations are possible with a Curacao license in the first two categories of countries (1,2) and countries which fall under Category 5.
So, with a Curacao license, operations will be possible in countries which fall under Category 3 and a few countries under Category 4, 6 and 7. This also means that for the other countries under Category 4, 6 and 7 you will have to acquire specialised licenses.
To Qualify the above
The Curacao license strictly forbids the following countries Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, USA.
All other countries are fair game.
Advertising may be limited
Your operation will be limited by its ability to legally advertise in some jurisdictions without a local license. For instance, Australia is not forbidden by the Curacao license, however, you will not be able to take out a centerfold advertisement in their local newspapers without Bruce, understandably, getting upset.
Payments may be limited
Curacao Gambling License Prices
In addition to advertising restrictions, your operation will be limited by its ability to accept payments in some jurisdictions. Payment service providers will often block card payments from jurisdictions where you need a local license.
Cryptocurrencies are a curve ball
Bitcoins and other Altcoins changes the above somewhat in that, there is no way for regulators to regulate its use and in some jurisdictions they are not considered a “currency”. In these instances, you would be able to offer your service to anyone able to pay with cryptocurrency so long as you do not actively target the forbidden countries as stipulated by the Curacao government.
How to get a license
We work with GamblingTec.com, a white labeling service provider which will be your fastest route to getting a gambling license.
Additionally we offer a Curacao and a Malta licensing opportunity which may suite your needs.
Get in touch, we are a wealth of information and can help you make an informed decision.
Curacao is one of the island that make up the Dutch Caribbean
(formerly known as the Netherlands Antilles). It’s one of the
oldest running online gambling regulators and as such is a
fairly well-known e-gaming regulator.
Any casino that displays the Curacao eGaming license on its
website has been through the initial investigation process and
is regularly audited by Curacao authorities.
Curacao Gambling License Cost
Advantages of a Curacao eGaming License
Many gambling operators have chosen to make Curacao their
home due to its favorable tax laws and relatively quick and
inexpensive licensing procedure. Curacao charges a tax of just
2% on net profits and does not put up massive barriers to entry
for potential operators. If you have the cash and a legitimate
casino, you’ll probably be approved.
The fees for a “master” gambling license in Curacao include a
60,000 ANG (or about $34,000) setup fee and then 10,000 ANG
(about $5,600) per month for the first two years. After that,
the operator can negotiate with the government of Curacao for
fees going forward.
Master license holders are allowed to grant sub-licenses to
anyone. A sub-license comes with all the benefits of a master
license other than being able to lease out sub-licenses.
However, the master license holder is responsible for all
activities of all sub-license holders.
There are a number of master license holders that offer
packages to new entrants in the gambling market. They offer
complete solutions including a sub-license, business license,
hosting and other services for a fee that is often cheaper for
new entrants than trying to do it all alone.
Curacao is also attractive for the simplicity of its gambling
laws. Only one license is needed for any type of gambling
operation. It doesn’t matter if you run a casino, a sportsbook,
or a website that does it all; one license is all that’s needed.
The process for getting a license in Curacao is significantly
easier than dealing with the UK Gambling Commission or most
other licensing agencies in which there are multiple types of
licenses, fees that go into the hundreds of thousands of dollars,
and application processes so complicated that lawyers must be
hired.
In addition to licensing and regulation, Curacao eGaming
provides technical and financial support for the online gambling
industry. Some of these services include dedicated services,
private cloud servers, international finance, and help with other
matters related to running an online casino.
Disadvantages
The greatest disadvantage of a license from Curacao is that
it doesn’t have much meaning. Just about anyone serious about
starting a gambling site can afford the fees and make it through
the initial investigation. As long as you have the cash and a
fair casino, you’re pretty much in.
Players are well aware that the licensing standards in places
like Curacao don’t mean much compared to licenses from other,
more discerning jurisdictions. Casinos licensed by Curacao have
suddenly gone rogue, stolen money, and disappeared. Curacao doesn’t intervene in disputes between players and operators. From
the player’s point of view, a license from Curacao is
meaningless.
Of course, there are plenty of safe and respectable gambling
sites licensed in Curacao. It’s a safe, legal place to establish
an online casino. However, casinos located in Curacao must build
their own reputations the old-fashioned way. A license from
Curacao isn’t the quick ticket to trust.
Curacao Gaming License Price
If you do run into any trouble with their licensing or have
any specific questions that aren’t answered here you can contact
them any time. They make it pretty easy to get in touch with
them through phone or email. Also for more information on what
they are all about you can visit their website as well. All of
their information is below:
- Website:
http://www.curacao-egaming.com/ - E-Mail:[email protected]
- Phone: +5999 465 1134