You need an operating license to provide online gambling business to players, it legalizes trade according to international laws and guarantees honesty, decency, and transparency in financial matters. A Curacao license is the best choice for you.
Curacao. It is considered one of the most reliable countries for licensing and has a single application form for bookmakers, slot machines, bingo, lotteries, and casinos. For registration of the company, it is necessary to register in the Chamber of Commerce of the Antilles.
Curacao license benefits and restrictions
- Not impose any betting tax
- Low corporate tax on profits of only 2%
- Allows multiple games
- Table games like Roulette, Poker, Blackjack, Baccarat, Craps
- Sports betting
- Electronic slots (video slots)
- Bingo
- Lotto
- Few restrictions on countries (Others are allowed)
- Curacao
- USA
- Netherlands
- France
- Dutch West Indies
- Australia
You can enjoy very low tax loading on your company’s starting period. The net profits of a Curacao gaming company can be declared as a dividend or reserved in accumulated profits for later distribution. Dividends from Curacao companies are taxed at the same rate in the EU as dividends on all EU corporations. Just need to apply for a Curacao license can benefit all kinds of games, why not put it on your top priority?
Curacao gambling license requirement
| Basic requirements | Presence of servers and the company in Curacao, certificated software |
|---|---|
| Documents preparing | Documents include game descriptions, a business plan, an RNG certificate |
| Applying time | Approximately 4 to 6 weeks |
| Cost fee | First time setting-up: €15,000 to €25,000 Renewal fee: €15,000 to €20,000 |
How to apply for Curacao gaming license
In the regulation time process:
- Opening bank accounts, merchant accounts
- Curacao company incorporation
- Submitting license documents, company documents, and paperwork
- Payments for the company formation and license fees
- Wait several weeks (4-6 weeks) until the license is ready to implement
| Corporate Services | Register a Curaçao company |
| Acquire or create an EU-registered corporation for banking accounts | |
| Perform compliance, KYC & UBO audits | |
| Banking Services | Locate banks & PSPs in the EU |
| Setup Electronic Money Institutions to allow for receipt of PSP funds | |
| Open Merchant Payment/PSP accounts for processing money transfers to & from gaming customers |
A company applying for a Curacao gaming license must produce and pay for a full set of documents that prove its residence in Curacao, along with good credentials and the identity of company officials and owners.
| Proof of Identity | Certified copies of the passport(s) of the company’s UBOs – Ultimate Beneficial Owner(s) and other officers |
| Proof of Address | Recent utility bills not older than three months (Electricity, landline telephone, TV, Cable) or Bank statement or Official government correspondence with the company’s street address (not POB) |
| Bank Reference letter | On an official Bank letterhead, addressed to “To whom it may concern” and signed by a bank representative including their name and position. |
| Professional Reference letter | A reference letter from a registered Lawyer or Accountant with whom you have had a business relationship for at least 2 years. The letter must include their name and position in English and must be signed. |
| Software agreements | A list of all current Gaming software agreements, including the supplier’s name and business address |