According to ResearchAndMarkets. This is why many people choose to get a Curacao gambling license for their first license. The Curacao eGaming Authority oversees the issuance and. “, holder of the. In 2022, the global online gambling market grew from USD 73. Published Sep 2, 2023. Updated 16 Jan, 2023 . It licenses over 400 Curaçao online casinos, which are available in the US, Canada, and many other countries. Singapore, Singapore--(Newsfile Corp. Curacao’s offshore gaming license structure has been codified since the advent of the internet in the early 1990’s. , a company registered and established under the laws of curacao. May 5, 2023. Currently it is being held by around 450 online casino operators. All the more, the Curacao gambling license does not apply to Curacao itself, the USA, the UK, Singapore, some European and Asian countries, Aruba, Belize, Saba, Statia, St. One of the largest authorities in the industry is Curacao. Without a license for online games, there is no confidence and security for the player. It allows the company to test the concept, get a client base, and reinvest funds without having to pay a fortune in costly applications, taxes, and fees. Cost of Fees to Get a License: From £5,000 to £50,000, depending on the type of license purchased. Online gambling operators who secure a Curacao gambling license enjoy a unique tax advantage. With a Curacao online gambling license, you can accept players from all countries so long as they are not specifically prohibited by your sublicense agreement. The deposits go from £5,000 to £10,000. Step 2 – license acquisition. as long as they comply with the relevant laws and regulations of those countries. 500. The most prestigious gambling jurisdictions. Overnight on Wall Street is morning in Europe. They issue licenses for video slots, roulette, blackjack and other games. The Curacao licence holders cannot offer their services to residents of Curacao. Gambling in Ireland: an overview in 2023. The Curacao License is an off-shore gaming license given by the Dutch-Caribbean island nation of Curacao. Around 85% of casinos and betting undertakings work under a Curaçao or Isle of Man license which enables operations in many countries worldwide. Widespread smartphone adoption along with improved internet accessibility is. By Steve Hoffman May 2, 2023. Rest assured, we will provide full assistance in obtaining licenses under the new regulations once they are announced. A Curacao gambling permit empowers operators to extend their gambling services to countries where online gambling exists within a framework of legality and minimal regulation. It consists of a 10% betting tax and a 3% contribution to the Authority. To get the license you require a Curacao company and local management. In the rapidly evolving domain of online gaming, obtaining a legitimate license is paramount for any business aiming to operate with credibility. As a result of license reviews, Daub Alderney has been fined £7. Type 1 licenses will cost €2,330, Type 2 licenses will cost €1,165, and Type 3 licenses will cost €4,660 as of September 2021. curacao gaming license register holders can operate in all countries except the Netherlands, USA, and. Alberto Carrasquilla, Finance Minister of Colombia, stated that the gambling industry contributed to his country’s GDP with $460 million in 2019, which is about 0. Curacao is a great jurisdiction to quickly obtain an online gambling license at a low cost. Renowned throughout the world, a platform operating under the supervision of the Malta Gaming Authority will find many doors opened to them. The Curacao income tax is just 2% and is not subject to VAT or corporate profit tax. Some countries have very expensive licenses, including Spain and Gibraltar, where the license fee is per game. The absence of division of the license into classes and low tax rates ensure the smooth. Some jurisdictions (e. Surfshark – reliable and affordable sports betting VPN. In recent years, the continent has become quite attractive for entrepreneurs who want to open a gambling business. Curacao issues the largest number of gambling licenses. Requirements of getting a permit for gaming companies. 8. The situation isn’t different when you look at gambling and how it is regulated in those countries. request a quote In 2023, with a Curacao Gaming License, you can operate in various locations. Top 5 Curacao Licensed Online Casinos. Curacao’s crypto license is issued by the Curacao Gaming Control Board (GCB), the country’s regulatory body for gaming-related activities. Curacao gaming license countries. Specialists of the company have been working with many offshore jurisdictions and countries for a very long time and they will be glad to contact. Opting for a Curacao license doesn’t limit you to a specific region as it enables you to operate in over 120 countries offering a global presence to your online gambling business. Curacao license costs and fees. Curacao can be rightfully called one of the most popular licensing authorities in the world. In 2009 the island generated 52. Some of the most popular gambling jurisdictions are Curacao, Malta, Alderney and the United Kingdom. The cost of getting regulated by Curaçao ranges between $4500 and $12500 annually and a one-time application fee of $1500. It’s a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about 65 km north of the Venezuelan coast. Verify that you are dealing with a properly verified and genuine CEG licensed operator. Casinos with Curacao gaming license is not required to follow the self-exclusion programs most countries provide. . Due to special registration policy, the largest number of official representations of gambling establishments are located there. Hello community-. Companies enjoy the country’s low taxes and highly developed infrastructure. This includes the Annual Anjouan Gaming License fees, covering both the initial setup fees and the required ISP service for compliance backups. The Curacao license covers all types of gambling activities. +357 25 81 99 66. Online casinos that operate without a license operate illegally and are at risk of being shut. Countries Under Curacao Gambling License. And if it does, then either the license costs a lot of money, the taxes are exorbitantly high, or the license gives access to a truncated list of gambling services. The only country that doesn’t allow the Kahnawake license is the USA. The Curacao license is one of the most common licenses in the gambling industry. These background checks help casinos and license issuers verify your credibility and integrity. The cost of a Malta gaming license varies by category. Prohibited countries: Kenya, Brazil, Nigeria, Vietnam, Pakistan, Singapore, France, Bosnia and Herzegovina,. Financially attractive with a corporate tax rate of 0%. V. Curacao gaming license cost. While Curacao online casinos are not thought to be subject to the same level of scrutiny as sites operating in other countries, they do still need to meet some specific requirements to become licensed. Unlike more traditional licensing regimes, the Curaçao. These vary widely between case law and. The Ajouan gaming license cost is approximately 17,500 EUR, encompassing a range of fees and expenses. Of course, winning depends on luck, but the online gambling sphere works in the legal field in numerous countries, and gambling licenses in various jurisdictions make the business legal, and more important — profitable. 1 to 1. (CIL) #5536/JAZ; Antillephone NV 8048/JAZ; Legal Ecosystem and Licensing. While operators registered in Curacao pay only a minimal tax on net gains, MGA licensees pay a compliance contribution that depends on the type of license they hold. The licensing process is fast. Online gaming has been growing into one of the hottest areas into which investors can start to move substantial funds from the overheated markets, and immediately start to see substantial profits with tremendous. Annual and monthly reports. Purchase Disadvantages. Compared to other remote gambling. Most Northern European countries such as Sweden, Denmark, and others have regulated online casinos. The changes put forward by the Curacao government include: The establishment of the Curacao Gaming Authority to oversee all licensing and gaming operations; The issuance of B2C licenses and B2B licenses for operators; Licensing fees start at EUR 4000 for an application, EUR 12,000 a year once approved, and EUR 250. Curacao License has no classification on. 1% to 1. Spain — Coronavirus and Gambling. Compliance with these rules is. This license can be advantageous for businesses engaged in activities such as game and software development, affiliate programs, and similar services, potentially saving them. com, the current estimates state that the gambling market as a whole is growing at an annual rate of almost 6% and is expected to be worth over $565. The Curacao casino sublicense is also issued for all types of gambling operations. V. We help clients get approval from the local authorities, establish key operating models, and receive extra support from software. The Curacao Gaming Control Board is the regulator for the Curacao land-based casino industry. Directorate General for the Regulation of Gambling: Singular License for Slots United Kingdom: United Kingdom Gambling Commission: Remote Operating License: South Africa: Western Cape Gambling and Racing Board: National Manufacturer License: Curacao: Antillephone NV Curacao: Gaming License: Bahamas: The Gaming Board. It works completely differently from other gambling authorities. Hundreds of Curaçao casino licenses already obtained for our customers. E-mail: info@gcb. Naturally, the process starts with the basics, such as verifying your age to determine whether you’re older than 18 or 21. Anjouan table prices explanations. While both cover gaming operators and allow the same essential. Ensure your presence in the UK; Pay a license fee of EUR 1,000 to EUR 16,000. On top of that, there is income tax, which is 2%. With a population of merely 1. 7. Types of gaming licenses in Curacao. The annual licence fee also varies between €6,000 and €12,000. The tax is paid in profit, not turnover, and does not exceed 2%. It is worth mentioning that, even with a Curaçao gambling license, your betting site will not be able to operate in Curaçao; Belize; United Kingdom, USA and several EU countries, such as Germany and the Netherlands, that do not accept licensed houses in Curaçao. Cypriot law prohibits minors under 18 from attending betting shops and participating in lottery draws. Curacao gaming license is a cost-effective and the most popular solution in the e-gaming industry. 4 Different Master License Holders. The total cost of obtaining a license from the Comoros Gambling License Authority is 46,850 EUR. Gaming Curacao (GC) #365/JAZ. Basic question for you. This licensing authority is known for imposing. If you’ve decided to set up your own online casino business, one of the very first things you’ll need is a gambling license. Find out the best Curacao casino options in the following guide, which covers the. One example is Gamstop, a UK body responsible for helping gamblers with an addiction. As a startup taking the first step towards online gambling, a Curacao license is the most sensible choice. This page will reveal accurate numbers regarding the price of the application fee and the license itself so that you can calculate your budget in time. Send us the documents from the list received from our managers. + Follow. Hence, it could cost less for some applicants and more for others. The renewal of the license is priced at €21,900 per year + 6% sales tax. Curacao is a Dutch Caribbean island, and it was the first region in the world that made online gambling legal. Sub-License. Online gambling. GBO provides a full set of Curacao Gaming License, company formation, bank accounts, KYC policies and procedures, contact us now for a price offer +97235104257 WhatsApp us: +972504938469 Published Jul 27, 2023. “Don”, Martina 23, Willemstad, Curaçao. At the same time, the license is deemed highly credible and is frequently used by top B2B and B2C iGaming brands. 4 billion by 2022. 4% and 2. This amount covers the costs of an offshore company registration, a European bank account, hosting services and server space, the. Gaming tax is only 5 percent of revenues; there is also a compliance contribution (between 0. In other words, operators aren’t allowed to run online casinos from within the. Sign the contract. to offer online. Curacao is offering online gambling licenses that is used by many smaller online casinos. Fill in the application form. This fee is paid in monthly installments of ANG 8,000 per month (around EUR 4,100). Restricted countries by the Curacao license: USA, UK, Netherlands, France, Spain, Austria, Germany, Australia and Dutch Antilles. As each operator may control more than one casino brand, you can find more. Obtaining a gambling license in different countries of the world. Moreover, the licence is intended to serve offshore online casinos and sportsbooks. 1 by the Commission. The certificate allows you to perform activities in any format: betting, sweepstakes, poker rooms, traditional online casinos, and much more. Malta Gaming Authority online gambling license facts: Date started issuing licenses: 2004. More than 450 international. Nevertheless, it is essential to acknowledge that specific regions, including the United States, France, Curacao itself, the Dutch West Indies, and the Netherlands, are. The gaming industry has been expanding in Curacao since 1966. There are three components to the costs associated with obtaining a gambling business license. The process for applying for an online gaming license in Curacao is divided into the following five steps: Stage 1: Completion of a Pre-approval process. 3. Curacao also offers a universal license that covers all types of games. Tolerance for casino upgrades and addition of new providers. Second, it is important to centralize the process from the Curacao government, so that the CGA can supervise licensed operators and. While we cannot give you an exact number, the price you can expect to pay for this gaming license ranges between $17,000 and $23,000. Igor Rumyantsev . The gambling legislation governing online gambling was developed in Curacao in 1993. To even qualify for a Class 1 license, you must be able to invest $100,000 as a retainer in the country. Obtaining a Curacao betting license. There are currently 120 licenses of this kind available, and there are approximately 40 licenses ready to be issued to businesses already operating in the. Croatia. The way that Curacao has been handing out licenses up until now is intriguing. Furthermore, it supports holistic growth and allows the company. On average, the application process takes up to 2 months. Cost of Curacao Gaming License. Maarten, Singapore, USA. 42 billion in 2021 to USD 81. Spain is one of the most affected countries, with over 170 thousand registered cases and almost 19 thousand deaths. Those expenses cover all types of iGaming and allow partnerships with sub-license owners. Curacao was one of the first countries to allow gambling over the Internet. Opening business bank accounts. With that said, the. Most countries charge a flat rate on retained gambling revenue, which is the difference between bets wagered and payouts. Gamdom’s parent company Smein Hosting N. They are exempt from paying any taxes on their revenue. You can also find out more about Curacao gaming license countries restrictions on GBO. Save time. By Gamblescope Research Team on Nov 26, 2022. Pros: Cost-effective: Initial fees and annual license costs are. Initial costs are around 25,000-30,000 Euro. During the ICE conference in London, from February 7-9, our team held talks with Gaming Curacao, one of the 4 holders of the Master License, as well as with the Ministry of Finance of Curacao about future regulatory changes regarding the most popular gambling. €9,000. The tax money was. ; Extensive Expertise: With almost two decades of experience in the gaming. The application process can take up to 6 months. The Panama license is among the cheapest – it costs $40,000 in the first year, and $20,000 in subsequent years – and comes with the lowest tax burden. Reach out to us to get a tailored proposal just for you. Mobinc Group. The Pre-approval is normally granted within 24 hours. Land-based casinos and gaming halls — $9830; application and grant fee is only $65. V. A casino license issued in Curacao is probably one of the most controversial examples of how a fact can be replaced with a myth. Notably, Curacao is a picturesque island located in the southern part of the Caribbean Sea. It’s a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about 65 km north of the Venezuelan. Regardless of the issue date, licenses expire at the end of the licensing period. The Republic of Ireland is a Northern European country with legalized gambling. We license all game events, including blockchain projects. GBO’s package, last update 20. especially in the gaming or online casino industry. Great for startups. In the UK, the initial fee for a gaming license can range from £2,933 to £63,671, plus annual fees. Curacao Gaming Control Board. In a nutshell, a Curacao gambling license is an iGaming license issued to online casinos by the Government of Curacao. It might seem strange that New York does not allow online gambling, especially considering retail sports betting has been live since 2019. Curacao is a small island in South America. Latest Casinos with a Curacao Licence 2023. For example, the application fee is expected to have a price tag of €4,000 and a yearly renewal fee of €12,000, among other things. Curaçao’s economy heavily relies on its online gambling industry, which was legalized in 1996. Which one applies to the casino depends on where they plan to operate. The new licensing process kicked off on 1 September, with the Gaming Control Board (GCB) officially opening the licence application portal. After the reform, B2B licenses are needed for game developers and other software providers. As of September 1, 2023, Curacao's gambling landscape is undergoing a significant transformation as the government has implemented more stringent licensing. The Curaçao Gaming License, which was launched in 1996, provides the legal framework for gambling (related) companies that wish to offer services in non-regulated countries. 25x B + D. The license covers all forms of online gaming. Gaming License. Curacao is an island state in the Caribbean Sea which is a part of the Netherlands Antilles. This process takes somewhere between six and 12 weeks. We proudly present our array of offerings: A-to-Z process for Curacao New License Applications. For example, the UK has the UKGC which is wholly responsible for licensing. The Curacao license strictly forbids the following countries: Aruba, Bonaire, Curaçao, France, The Netherlands, Saba, Statia, St. Curacao — Curacao’s eGaming is the country’s main regulator that issues a one-for-one type of license, which allows the licensee to operate online casinos, sportsbooks, bingo, or any other kind of sanctioned gambling business. Against the backdrop of all this chaos, Curacao and the Isle of Man stand out favorably. Curacao issues master licenses to holders that can then issue sub-licenses to online gaming companies. #365/JAZ as an Information Service Provider. 0. Many would now argue that online operators licensed and regulated by this jurisdiction are not worthy of trust, and the only brands to visit are those licensed and regulated by the Malta Gaming Authority and the United Kingdom Gambling Commission. Opening business bank accounts. From there, these companies, Cyberluck Curaçao, Gaming Curaçao, Curaçao Interactive Licensing, and Antillephone gave sub-license to other. It is an ideal solution for those who want to remotely manage the activities of their bookmaker and casino. With a Curacao online gambling license, you can accept players from all countries so long as they are not specifically prohibited by your sublicense agreement. Curacao casinos are able to accept players from countries like Australia and Canada, but a PSP license is needed. A master license and a sub-license. A casino department responsible for background checks normally search for information online to get accurate and full details about anyone. Curacao is a great jurisdiction to quickly obtain an online gambling license at a low cost. Curaçao Gaming Control Board – Big Changes Ahead. Posted on: July 11, 2022, 06:10h. If a licensee allows players from any of those four territories to gamble on their. Save money. Curacao is an island state in the Caribbean Sea which is a part of the Netherlands Antilles. According to ResearchAndMarkets. Casumo and Videoslots have also been ordered to pay penalties—£5. Tourism and online gambling are the two industries contributing the most to its economy. The most popular ones are:. The 2% E-Zone rate will exist at least until 2026. 5 million euro tax revenue from remote gaming. The new C2B Curacao gaming license explained. We can help you obtain your online gaming license, WhatsApp us: +972504938469, email us: [email protected] Deeds & Property. In order to obtain a RNG certificate, an authorised certifier will need to test your software. com; No VAT, low profit tax rate; Popular in the online. Curacao — Curacao’s eGaming is the country’s main regulator that issues a one-for-one type of license, which allows the licensee to operate online casinos, sportsbooks, bingo, or any other kind of sanctioned gambling business. For comparison, the annual cost of only a license for 3 out of 4 gambling types in Malta is EUR 25. The new Curacao license application and gaming laws As of 2. A master license is the first type. Types of licenses. 4) Most new casinos start as a white label and gets sheltered under someone else's license, which means that the license is worth nothing in general. It is located about sixty kilometers north of the coast of Venezuela. Licensed casinos vs. Smooth and simple process. The current regime, which ables new operators to apply for sub-licenses with any of the four master license holders, is soon to be replaced by a central government-controlled authority; the Curaçao Gaming Authority (CGA). The Curacao iGaming license offers a range of advantages that make it a sought-after credential for gaming operators: Global Market Access: One of the standout benefits of the Curacao license is its ability to open doors to a broad international market. 8048/jaz2020-013). Applying for a license in Gibraltar is rather easy, but every casino. The Curaçao sublicense is what operators nearly always apply for and is best viewed as an all-in-one package. GBO has 12 years in the gaming consultancy business. The absence of division of the license into classes and low tax rates ensure the smooth launch of a large-scale project. Curacao: The All-in-One License Solution. Dedicated high-speed internet infrastructure, including servers, cloud storage and GEO IP. Every licensed sportsbook is subject to a flat tax rate of 13%. However, in practice, holders of online gaming licenses generally grant a contractual right to third parties established in Curacao. Sub-licenses permit the conduct of all kinds of gambling activities. Get your Curacao gaming license with Finexmo. Rest assured, we will provide full assistance in obtaining licenses under the new regulations once they are announced. Curacao gambling license: General information. Obtain a Curacao Gambling License and register an offshore company in just 3-4 weeks. Sports betting — $3930; yearly renewal fee is $65. Corporate structure: Curacao Company. If you want to operate an online casino, you will need a Class 1 license. v. This must be in the same country as the license you are buying. The casino license and the bookmaker license are combined into one and allow you to provide all possible types of gambling, including sports betting and other events, poker, lotteries, bingo, and other games. English. 4 billion by 2022. 2st year costs. Some countries have special state authorities that ensure fair and secure gambling. It means there are no gaming fees or any other fees involved. The application fee is $15,000 and the annual gaming license cost for obtaining an interactive gambling license is $100,000. info@chambers. Note: The sublicense also includes specialized turnkey solutions which assist Curaçao businesses. Curacao gambling license; gaming license in the Isle of Man; getting a gambling license; About us What we do Newsroom. Tax rate on gambling profit. The Curacao Gaming License is recognised by many countries. How to obtain Curacao Licensed Casinos in 2023. With more than two decades of experience, the GCB is one of the world’s most reputable licensing organizations. Features like an easier application process and cheaper entry point make it more adaptable and sensitive to the needs of gaming professionals. Advantages of the Curacao iGaming License. is licensed and regulated by antillephone n. 1. These include Curacao itself, the UK, USA, Aruba, Belize, Singapore, St Maarten, Saba, and. Curacao is an island in the southern Caribbean Sea. It takes one week for the permit to be issued after application. The Malta license costs around €20,500 in one-time fees. Curacao gaming license cost depends on a variety of factors. We are iGaming Express, a dedicated team of gambling experts proudly serving the Curacao Gambling Industry since 2014. (LinkedIn, MoneyGate). A gambling licence is a prerequisite for an online casino business as it provides a legal basis for online casino operation. “State Ordinance Regarding Labor in Hotels, Restaurants, and. The company started operations on August 2, 1994. This largely involved a shake-up of the Curaçao gambling licence, which in recent years gained a reputation as one of the more permissive licensing jurisdictions in the world. Last summer, Trinidad and Tobago’s Upper House passed. • Almost all the Curacao licenses are sublicenses, i. A Curaçao license is useful for an online casino that aims to attract new players from the US (Be aware that some states are forbidden), Canada, Australia and other markets such as Arabic, African and other countries. One license covers all forms of gambling (poker, betting casino). Curacao gambling license cost not too much: the annual cost of a license for all gambling types in Curacao can vary from EUR 4. Curacao License Countries. Some of the forbidden countries include Curacao itself, Germany, and the Netherlands. In the previous tender, 120 licenses were set up, each of which had a four-year expiration date and came at the cost of €200,000 per license. #1. The cost of a license depends on the type of gambling activity: Public lotteries — $26200, with additional $6550 application and grant fee and $6550 renewal fee. Our services cover all aspects of the industry, but we specialise in the online gaming sphere. Enables registration of at least 2 domains. In general, the costs to obtain a license for Curaçao are fair and the process is even easier for people or companies from other countries. The gaming industry has been expanding in Curacao since 1966. - November 21, 2023) - me88 is crowned as the safest online casino Singapore for being bestowed a master license of. The new Curacao gaming License – We will assist with obtaining licenses under the new. The absence of division of the license into classes and low tax rates ensure the smooth launch of a large-scale project. Request more info about Curacao Gaming License. (Curacao Egaming) #1668/JAZ; Gaming Curacao (GC) #365/JAZ - Email: [email protected] offers New Licensing in Curacao Through the Curaçao Gaming Control Board (GCB) Our dedicated team has been a pioneer in delivering end-to-end solutions in Curacao since 2009. In a nutshell, a Curacao gambling license is an iGaming license issued to online casinos by the Government of Curacao. Coronavirus is taking a toll. He is responsible for game and payment system integration, iGaming product licensing, and B2B certification. The government that took care of all the other bookmakers and betting around the world will take over this as well. Curacao & Estonian Licenses. Curacao: The All-in-One License Solution. Since March 2020, the Curaçao Gaming Control Board (GCB) has been tasked with the licensing for and supervision of the online gaming sector on behalf of the Minister of Finance. Currently, Curaçao has issued 450 gaming licenses for online gambling businesses. Costs of obtaining a license in Curaçao: One-time e-Gaming IP licensing application fee – EUR 1,500. Operators licensed in Curaçao could be forced to start paying license fees, corporate taxes and gambling taxes on revenues they have generated from offering online gambling services. + Follow. We are able to issue new Curacao sub-licenses which will be valid until the beginning/ mid-2024. Curaçao Government Approves Sweeping Licensing Reforms in Online Gambling Hub. Phone: +372 55560677. g. However, Curacao gambling license costs and fees come to between €20,000 – €25,000. Curacao has increased application fees, annual fees, and compliance costs. which allows licensees to offer their services to players in other EU countries. and other countries in which citizens are prohibited from participating in gambling. In addition, it is possible to incorporate a cryptocurrency exchange in Lithuania that is owned as a subsidiary of an Estonian company. Igor Rumyantsev. Opting for a Curacao license doesn’t limit you to a specific region as it enables you to operate in over 120 countries offering a global presence to your online gambling business. Alderney.