While starting a gambling business, it’s important to think about one of the most essential procedures - obtaining a license. Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers.

Among countries offering gambling licensing services, the attention should be paid to Curacao jurisdiction, which is considered to be one of the most promising for the online gaming business. Let’s analyze how to get a gaming license there.

Jurisdiction

Curacao (Curaçao) is an island belonging to the Lesser Antilles located in the Caribbean Sea. Curacao is an offshore zone charging low taxes and possessing highly developed infrastructure. That is why the majority of gambling companies are registered under this very jurisdiction.

Curacao gaming licenses have been issued since 2001. Cyberluck Curacao N.V. issues master licenses approved by Curacao Justice Department.

Curacao Internet Gaming Association (CIGA) is both a regulator and a licensor. It includes around 30 companies functioning as online gaming operators and the rest of the enterprises involved in the gaming industry.

Types of gambling licenses in Curacao

Authorized bodies of Curacao issue two types of licenses:

  • Master License: Curacao basic license;
  • Sub-License: it offers the same rights but does not enable holders to extend the sub-license to third parties.

There are just a few master license holders on the island. Gaming companies mainly aim at obtaining a Sub-License today which enables them to operate all over the world except for Curacao itself, the Netherlands, France and the USA.

Requirements to get a Curacao gaming license

Documents necessary for company registration:

  • criminal record;
  • passport scans;
  • bank account confirmation;
  • documents proving payments for utility services.

After the company is registered, an operator can apply for the license providing the following documents:

  • a document certifying the right of domain possession;
  • description of games planned to be used in the project;
  • a list indicating countries of potential operation;
  • illustration of server locations to be used in the project;
  • a copy of the agreement with a software provider.

Apart from that, it is necessary to purchase an appropriate software for a transit server and pay for its technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks.

Curacao gambling license cost

Bank account opening

$1000

Company registration

$3600

Company management per year

$3600

Application processing fee

$1000

Each third domain annual fee

$2400

Licence fee per year

$4800

Equipment/software fee

starting from $1500

Server maintenance per year

$6000

As for taxation, there is no VAT, no sales tax, no duty on imports and 0% tax out of total revenue from bets. The corporate income tax is 2%.

Challenges and advantages of Curacao online gambling license

For those willing to obtain a gaming license in Curacao, it is important to keep in mind that:

  • Curacao doesn’t intervene in disputes between players and operators;
  • it is not easy to open corporate bank accounts for gaming companies.

However, Curacao gambling licenses give the following advantages:

  • prestigious Curacao jurisdiction;
  • operation on the European market;
  • low Curacao gambling license price compared to the rest of the jurisdictions;
  • low taxes;
  • minimum requirements to obtain a license;
  • fast process of obtaining a license;
  • one license for all types of gambling businesses.

Operators who want to obtain a Curacao gambling license but would like to make the process easier and faster can turn to Slotegrator. The company provides consultancy services and professional guidance for online projects in terms of licensing and helps to get a gaming license in more convenient ways.