Gambling License in Curacao
A gambling license in Curacao is a promising and affordable solution due to the fast opening time, favorable prices, low taxation, and other advantages. Aol Gambling will provide professional business licensing support with a guaranteed solution within 6 weeks
If you are planning to run a legal gambling business in one of the most stable jurisdictions – you must obtain a Curacao license. For this purpose, you need to register a company, collect the necessary package of documents, pay the state fees and fulfill the simple demands of the jurisdiction.
Curacao is a small self-governing state that is a part of the Kingdom of the Netherlands. This union strengthens the jurisdiction’s image and allows it to enter the EU markets while creating its own laws and taxation norms.
To start an online gambling business you will only need 1 license and it will be suitable for different types of activities. There are 2 types of licenses in Curacao: master and sub-license. However, each of them covers all types of games and allows you to officially operate in the jurisdiction. The only difference is that the master licensee has the right to open sub-licenses to others.
Advantages of the Curacao gambling license
- Fast and profitable
Compared to other jurisdictions, Curacao takes record time to process a gambling license application: the entire licensing process takes up to 6 weeks, and the license fee is several times lower than in other jurisdictions – from $4500. - No complicated rules
The licensing process in this country is remarkably quick and simple. Entrepreneurs who plan to apply for a Curacao gaming license have the opportunity to test their business ideas in practice, bypassing the complex and lengthy procedures that usually accompany obtaining a license in other jurisdictions. - One license
A gambling license in Curacao opens up the opportunity to obtain a one-stop license that combines various types of gambling services, including casino, sports betting, lottery, poker, and more, under a common Curacao license. Companies will be able to save time and resources by focusing on developing and improving the gaming experience for their customers. - Easy start for startups
Lower licensing costs and flexible requirements make this region attractive for young entrepreneurs looking to start their own gambling business. The lower financial cost of licensing means that startups can allocate more funds to developing and advertising their gaming products. They have a competitive advantage in the market and the ability to quickly catch up with other companies while minimizing financial risks. - Tax advantages
Curacao offers an attractive tax environment for the gambling industry. This includes low tax rates and the ability to exempt certain types of income from taxation. Curacao offers a 0% rate on value-added tax (VAT), which provides additional financial advantages for gaming companies. In addition, corporate tax is only 2% of net income, which is one of the lowest rates in the international gambling industry.
Packages of services for gambling license in Curacao
AML Policy to enhance company reputation
- All services from the Basic package
- Procedural Documents
Assistance with obtaining Gambling license and corporate account for operating activity
- All services from the Essential package
- Corporate account
Assistance with company formation and obtaining a Gambling License
- Dedicated consultant with the fully provided individual approach
- Full turnkey company formation assistance
- Company name of your choice
- Corporate documents
- Gambling license acquisition
Updates to Curacao Gambling License in 2023
In November 2023, Curacao is implementing updates to its gambling industry by granting new licenses to operators. These changes, which Finance Minister Javier Silvania has assessed as significant, are reminiscent of licensing in Malta. The main changes to Curacao’s legislation relate to licensing processes and requirements, which are still under development. Important items include the tightening of compliance and anti-money laundering policies, as well as the introduction of new criteria for companies.
The most significant reform is the scrapping of the sub-licensing and master license system. From 2024, companies will have to obtain individual B2C and B2B-type licenses. Those who already have a master’s license will have a transition period of up to one and a half years to reissue it.
Another innovation is the requirement to hire a minimum of three residents for key positions in the company, which was not previously required. In addition, checks on the sources of income of key employees and co-founders of companies will be strengthened. This will increase confidence in companies, but will also increase the length of the licensing procedure.
It will be mandatory to have a physical office in Curacao and strict compliance with the rules of payment of winnings under the threat of fines or loss of license. In addition, the possibility of settlement and payment of taxes in cryptocurrency is envisaged.
Licensees will be required to adhere to strict information security standards, as well as maintain player and payment transaction accounting policies audited and approved by the GCB. A key aspect will be to ensure fair gaming practices and independent laboratory approval of each game. All these measures are aimed at increasing the transparency and security of the gambling industry in Curacao.
Renewal of a Curacao Gaming License
You do not need to renew your gambling license in Curacao, as this is automatic as long as you comply with the requirements and sign an official annual contract. The license will remain valid as long as the master license of the owner from whom you opened it is valid.
At the same time, in case of illegal actions, the master license holder has the right to revoke the sub-license.
