How to get a license for an online casino in Curacao
Many jurisdictions offer online casino licensing services, but Curacao is considered the best. The island issues one license, which allows all types of gambling. Its price is cheaper than in other jurisdictions, and it can be obtained in 6 weeks. Another reason for the island's attractiveness is low taxes. Corporate income tax here is 0%, and net income one is 2%. To get a license for an online casino in Curacao, read this article.
Who controls the issuance of licenses
The Gambling Control Board is responsible for the operation of online casinos registered in Curacao. In addition, online gambling is regulated by the Ministry of Finance and the Financial Intelligence Unit. The issuance of permits itself has its own peculiarities.
Features of licenses for casinos in Curacao
The island issues 2 types of licenses - the basic (general) and sublicense. The first one is almost impossible to obtain, and only four types of companies may have it:
- Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ;
- Gaming Curacao (GC) #365/JAZ;
- Curacao Interactive Licensing N.V.. (CIL) #5536/JAZ;
- Antillephone NV #8048/JAZ.
Companies that hold a master license can issue a sub-license, which allows engaging in all types of gambling. The general permit is valid for 5 years, after which it must be renewed. All sublicenses, which are attached to it, operate indefinitely as long as the general license is valid.
Thus, all operators who want to get a permit for online casinos apply to these companies. Each of them has its own rules and specifics for resolving disputes that arise between operators and players.
How to get permission for an online casino in Curacao
The online casino licensing process is easier in Curacao than in other jurisdictions. But to get it, you have to fulfill all the requirements. The smallest mistake will be the reason for rejection or delay in the issuance of the permit.
To take a gaming license in Curacao 2022, you must do the following:
- Register a business on the island;
- Have a local representative;
- Collect all documents;
- Send an application to the holder of the main license, pay the registration fee;
- Install at least one server on the island;
- Provide a business plan.
The application is checked by a special group, which works on the basis of the holder of the general license. The site will be checked from beginning to end, so the domain name, server, platform must be ready to work by this time.
What's needed for the 2022 application
To establish an applicant's credibility, authorities require a huge number of documents to be collected. They include:
- A copy of the company owners' passports;
- A resume;
- A certificate of no criminal record;
- A letter of recommendation from the bank, which confirms the reliability of the applicant;
- Recommendation from an accountant or lawyer that the applicant is honest, will adhere to the rules.
A more precise list of documents will be given by the holder of the main license to which you apply.
Cons of a gambling permit in Curacao
Despite all the pluses, the island has limitations regarding the audience. Most holders of the main license do not allow players under 18 years old to register, as well as residents of the United States, France, the Netherlands and Curacao itself. If the licensee lets them play, the permission can be revoked.