The small island in the southern part of the Caribbean Sea is known among many gambling distributors for its inexpensive licences. The region has a pleasant tax system and beneficial legislative regulations for businesses.
The Casino Market team provides an extensive overview of the offshore’s capabilities.
General Information
Operators must undergo an extensive application procedure to receive the local licence. Businesses must submit the needed paperwork and the associated permit cost.
Internet casino owners frequently obtain their licences from Curacao. The Ministry of Finance and the Financial Intelligence Unit are in charge of overseeing the iGaming business in the country, which is one of the first nations to regulate this sector.
The authority provides two document kinds:
- master permit;
- sublicence.
The first category has a five-year expiration date and a renewal option. As long as the primary document is still in effect, the Curacao sublicence is valid.
Since 1996, 4 distributors have been certified with master papers on the island, including:
- Antillephone NV 8048/JAZZ;
- Gaming Curacao (GC) #365/JAZ;
- CuracaoInteractive Licensing NV (CIL) #5536/JAZ;
- Cyberluck Curacao NV (Curacao eGaming) #1668/JAZ.
All new applicants must use these vendors to submit their applications following the nation's licensing laws.
Reasons to Apply
We recommend obtaining the document for legal work from this body for such reasons:
- VAT is absent, and income tax is only 2%.
- The initial licensing takes up to 6 weeks.
- A single permit covers all digital gambling activities.
- Curacao offers extensive opportunities for network development.
- Licensing promotes transparency, integrity and honesty of transactions.
The Process of Obtaining
Even if the application procedure for Curacao is less complicated, operators nonetheless have several important obligations. The approval may be hampered if an erroneous registration form is received.
The steps involved in the application procedure are as follows:
- Registration of a law firm in Curacao.
- Collection of the documents (valid passport, bank letter of recommendation, ID card, recent utility bill, etc.).
- Filling out the application and paying the fees.
- Waiting for the answer.
- Launching a gaming site.
To process the licence, each form has to be filled out and submitted. Requests can be rendered invalid by errors, thus care and attention are needed. The cost of related Curacao permits varies according to the firm.
The long-lasting benefits of a licence in the country are numerous. Its obtaining is a quick and relatively easy procedure. Operators have access to a wide range of network capabilities. However, iGaming portals with such a document do not allow users from some countries (the Netherlands, the US, France) to engage.
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