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How Much Does it Cost to Start an Online Gambling Business in Curacao? The Casino Market Expert Answers

15 october 2019
Online casino
Author: James Burton
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Curacao is an excellent place to start your online gambling business. Here is what you pay for obtaining a license as well as making some other expenses in this offshore country:

Online gambling business in Curacao: infographic

Overall, on average, you will spend about € 14,000 — € 24,000 during the first year.

Additional Expenses for Opening an Online Gambling Business in Curacao

While you pay all the administrative fees, you will have to make some other obligatory payments if you want to locate in Curacao.

You will have to have legitimate hardware on the island to meet the permanent establishment requirement (PE). The server rent will cost you about € 1,200. Moreover, you may have to use hosting services that are about € 5,400 annually.

What concerns taxing, it is essential to remember that Curacao has a fixed rate, regardless of the profit you receive. You will be obliged to pay 1% of your revenue annually from your profit.

Requirements to Receive Access to Open an Online Gambling Business in Curacao

In general, the requirements aren’t too strict, but you’d better follow them all not to make the authorities limit you in anything. Here is a list of obligation you must stick to in order to receive a license:

  • each operator must be registered as a legal user in the Chamber of Commerce;
  • anyone among the founder of the company must come from the country;
  • company’s activity should comply with all requirements of the country’s identification and legal expertise;
  • description of every casino’s game is necessary to be provided (designer, target audience, storyline, etc.);
  • company’s servers (physical ones) must be located directly on Curacao’s territory;
  • give an example of detailed information that the company will display each player;
  • organize an audition for casino software as well as all gaming equipment and provide all the certificates that confirm their reliability;
  • be at least 18 years old to receive a legal license.

Final Instructions

If you want to open a fully-fledged online casino in Curacao, you should be meticulous during all the stages. There are numerous people, trying to follow these footsteps, and the country’s authorities don’t forgive mistakes. If you are worried about anything and don’t think you will do everything immaculately, you may ask professionals from Casino Market to assist you in your casino establishment process by resorting to a turnkey business option.

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