Things You Need to Know About the Curacao Gaming License

June 7, 2022
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Curacao is not only well known as holiday island with fabulous beaches. If entrepreneurs and start-ups want to start their own online gambling service, Curacao comes as the top choice. It is one of the most popular gambling licenses across the world. More than 400 gambling operators have acquired gambling licenses from Curacao Gaming.

Curacao is the most affordable and fastest option available when it comes to launching an online gambling business. It is one of the most accessible licensing jurisdictions and has the shortest processing time. When it comes to Curacao, you can get a one-size-fits-all license, irrespective of the game type. Since you can obtain it efficiently, it is one of the perfect licenses for startups.


About Curacao Gambling License

Curacao is located in the Southern Caribbean Sea and is a constituent country of the Kingdom of Netherlands, where gambling is legal. Only worthy applicants can get a license from the Curacao Government. There are around 450 licensed gambling operators within Curacao and this makes it the famous gambling licensor.



What Are The Requirements to Get a Curacao License?

In case you decide that Curacao is the ideal location for your new gambling company, you should start considering the gambling license requisites.

Firstly, you have to ascertain who you are, what you plan on doing, where you are from, and where you are getting the funds. Thereafter, the Curacao authorities take these details before they issue the gambling license.

Apart from this, you also have to offer a fit and proper test and assure them that they are a person of good conduct. So, you have to provide police conduct reports from your country and show that you don’t have any criminal record. Also, you have to provide details showing that you can conduct the operations of the gambling company you want to establish.

So, you will have to provide the following documents;

  • Original copy of the utility bill.
  • Copies of your passport.
  • Police clearance certificate.
  • Original banker’s reference.
  • CV/Resume.
  • Proof of domain ownership.
  • Original professional letter of reference from a Lawyer or an Accountant.
  • Copies of the terms and conditions that will come under the gaming policy.
  • Details of software including third-party certification of the RBG and software agreements.

What Are the Benefits of Getting a Curacao Gaming Licence?

Curacao Casinos operators can enjoy many benefits. It includes benefits associated with the gambling company’s operation and fiscal and corporate incentives.

Let’s take a look at the benefits it has to offer;


Cost-Effective and Quick

The process of securing the licence is short and simple. But it depends on your getting the documents on time. Moreover, the documents have to be notarized and updated. At times, the whole process might take 2-3 business days, excluding the time required to compile the documents. So, the Curacao licence is an excellent choice for startups that are working with a tight deadline and want to go live as soon as possible.

When it comes to the cost, Curacao is the most affordable choice. Both setup and maintenance cost is affordable, especially for ones who are just starting out.


Easy Application Process

The gambling licence application process can be a little daunting. You have to deal with loads of application forms, paperwork, and supporting documents that take a lot of money and time to compile. However, you will not have to worry about that when you get a Curacao Licence.

Sure, you have to cater to some requirements but there are lesser bureaucracy restrictions. So, it is less of a headache for people to apply for a gambling licence.

Curacao is the easiest and quickest jurisdiction for getting a gambling licence. It has an easy and straightforward process.


One-Size-Fits-All Solution

There are some jurisdictions that have various kinds of licences on the basis of what they are offering. So, you might have to get an add-on permit for every game you offer. To get a licence for slots, table games, live games, or lottery, you might have to apply for the licence multiple times. But that isn’t the case with Curacao.

The licence from Curacao covers all types of iGaming related activity in one licence. Thus, it covers casino games, live games, sports betting, online poker, and eSports. You can enjoy a high level of flexibility with this.


Good Choice for Startups

For startups venturing into the world of gambling, a Curacao licence is the best choice. With this licence, a new company can easily test out the client funds. Thereafter, the company can reinvest funds without paying a lot in costly applications, fees, and taxes. The Curacao licence also supports holistic growth and lets the company spread out into another market.

With a Curacao licence, you will have the flexibility to experience, develop, and explore without investing a big capital. When you find the business running in a good shape, you always have the option to expand to new markets.


Zero Tax

If as an operator you get a Curacao gambling licence, you don’t have to pay any tax on the revenue. Sure, all income has to be foreign sources for benefiting from the financial incentive and the applicable permanent establishment rule has to be met. The zero-tax rate is much lower than in various other jurisdictions. The good thing is it is within international rules and completely compliant with the best practices of global taxation.

All in all, it can be said that acquiring a licence is fast and easy.


Conclusion

It is important to have a gambling licence if you want to launch an online casino. One of the best choices is the Curacao Gaming Licence since it has an impeccable track record, low tax rates, and reasonable fees. In case you are on the fence about this regulator, you can take a look at the many benefits it has to offer.

If you obtain the licence, make sure that it is the best choice for you. There is no shame in waiting to be sure. After all, it is your business.

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