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Curacao is one of the island that make up the Dutch Caribbean
(formerly known as the Netherlands Antilles). It’s one of the
oldest running online gambling regulators and as such is a
fairly well-known e-gaming regulator.
*Curacao Gaming License Cost
*Curacao Gambling License Cost Florida
*Curacao Gaming License Cost
*Curacao Gambling License Cost For Real
The cost of Curacao gaming license cost is fairly low. A full gambling license in Curacao can be obtained for about 60000 ANG (Netherlands Antillean Guilder), which is roughly about 31,500 Euro. The monthly fee is about 10000 ANG, which is equal to around Euro 5,250 for the first two years. The Curacao Gambling License Price The total Curacao gaming license cost can be divided into three parts: a fee for the pendency of an application is about thirty-five thousand dollars; monthly royalties of about five thousand seven hundred dollars; the size of the payment can be reduced after two years of active work under the Curacao license.
Any casino that displays the Curacao eGaming license on its
website has been through the initial investigation process and
is regularly audited by Curacao authorities.Advantages of a Curacao eGaming License
Many gambling operators have chosen to make Curacao their
home due to its favorable tax laws and relatively quick and
inexpensive licensing procedure. Curacao charges a tax of just
2% on net profits and does not put up massive barriers to entry
for potential operators. If you have the cash and a legitimate
casino, you’ll probably be approved.
The fees for a “master” gambling license in Curacao include a
60,000 ANG (or about $34,000) setup fee and then 10,000 ANG
(about $5,600) per month for the first two years. After that,
the operator can negotiate with the government of Curacao for
fees going forward.
Master license holders are allowed to grant sub-licenses to
anyone. A sub-license comes with all the benefits of a master
license other than being able to lease out sub-licenses.
However, the master license holder is responsible for all
activities of all sub-license holders.
There are a number of master license holders that offer
packages to new entrants in the gambling market. They offer
complete solutions including a sub-license, business license,
hosting and other services for a fee that is often cheaper for
new entrants than trying to do it all alone.
Curacao is also attractive for the simplicity of its gambling
laws. Only one license is needed for any type of gambling
operation. It doesn’t matter if you run a casino, a sportsbook,
or a website that does it all; one license is all that’s needed.
The process for getting a license in Curacao is significantly
easier than dealing with the UK Gambling Commission or most
other licensing agencies in which there are multiple types of
licenses, fees that go into the hundreds of thousands of dollars,
and application processes so complicated that lawyers must be
hired.
Free slot no download. In addition to licensing and regulation, Curacao eGaming
provides technical and financial support for the online gambling
industry. Some of these services include dedicated services,
private cloud servers, international finance, and help with other
matters related to running an online casino.Disadvantages
The greatest disadvantage of a license from Curacao is that
it doesn’t have much meaning. Just about anyone serious about
starting a gambling site can afford the fees and make it through
the initial investigation. As long as you have the cash and a
fair casino, you’re pretty much in.
Players are well aware that the licensing standards in places
like Curacao don’t mean much compared to licenses from other,
more discerning jurisdictions. Casinos licensed by Curacao have
suddenly gone rogue, stolen money, and disappeared. Curacao doesn’t intervene in disputes between players and operators. From
the player’s point of view, a license from Curacao is
meaningless.
Of course, there are plenty of safe and respectable gambling
sites licensed in Curacao. It’s a safe, legal place to establish
an online casino. However, casinos located in Curacao must build
their own reputations the old-fashioned way. A license from
Curacao isn’t the quick ticket to trust.
If you do run into any trouble with their licensing or have
any specific questions that aren’t answered here you can contact
them any time. They make it pretty easy to get in touch with
them through phone or email. Also for more information on what
they are all about you can visit their website as well. All of
their information is below:
*Website:
http://www.curacao-egaming.com/
*E-Mail:[email protected]
*Phone: +5999 465 1134
Over the years, out of all the jurisdictions offering online gambling licensing, three clear forerunners have emerged; Malta, Curacao, and Kahnawake. In this article, we will take a look at each license and compare them, helping you to make a better decision for your business needs.
Those looking to set up an online gaming business can choose from a number of jurisdictions when it comes to licensing. Each online gambling license has its own benefits, drawbacks and features which make it suitable for one client, but not another. The Top 3 Online Gaming Licenses Curacao
The island of Curacao has been offering its online gaming license since 1993 and is one of the oldest, easy to apply and most cost-effective iGaming jurisdictions in the world. You can offer gambling from Curacao, but not within the territory. Kahnawake
Kahnawake is a Mohawk territory located in Quebec, Canada. The Kahnawake license was established in 1999 and it is a popular choice for operators because it’s both a well-respected jurisdiction and cost-effective. Malta
Malta is an EU Member State and its license is considered one of the most reputable and well-respected licenses in the world.
But of course, this does come at a price. How Long Does It Take to Get an Online Gambling License? Curacao
Curacao has the quickest turn around time. When managed properly, it can take as little as two-three working days.
Curacao has the quickest turn around time. When managed properly, it can take as little as two-three working days. Kahnawake
Kahnawake is somewhere in the middle and it usually takes around 8 weeks to get the license in hand. Malta
The Maltese license can take as much as 12 weeks.
The Malta Gaming Authority also requires face-to-face meetings with applicants as well as significant amounts of paperwork.
Of course, in each case, it depends entirely on the timely and correct submission of required documents. Sometimes licensing authorities will require additional documents that can draw out the process. The Curacao license is good for those who want to go live ASAP, Malta is good for those playing the long game, and Kahnawake is for those in between. The Difficulty of the Application Process Curacao
No licensing application process is easy, but some are easier than others. The Curacao license is by far the quickest and easiest on the market. You only need one license that will cover all operations and there are minimal maintenance requirements. Also, you need to keep good financial records and abide by various compliance and fair gaming standards. KahnawakeCuracao Gaming License Cost
In Kahnawake, there are different licenses on offer depending on what services you want to provide. For an online casino, you must apply for the Client Provider Authorisation. While still a simple process, it is a bit more complex than the Curacao license. More due diligence is required and there are additional standards relating to gaming and operational ethics. Malta
The process of applying for a Malta online gambling license is considerably more complex. There are strict criteria and high standards that must be met initially and on an ongoing basis. As well as KYC, all applicants have to provide references, letters of good standing, and complete a fit and proper test. Also required are compliance and software audits that are carried out periodically. What’s the Cost of These Online Gambling Licenses? Curacao
The Curacao online gambling license is by far the lowest in price.
For this reason, it is recommended for small businesses and startups. Kahnawake
The Kahnawake license is a step up price-wise compared to Curacao. It includes additional costs for Key Person License applications as well. Malta
The Maltese license is the most expensive both at the application stage and in terms of ongoing maintenance.
There are fees every 12 months and depending on what games you offer, there may be additional taxes. License holders also have to pay a compliance contribution that can reach EUR 600,000 depending on how much revenue the entity makes. What Benefits Do These Online Gambling Licenses Offer? Curacao
In Curacao, the benefits are the quick and low-cost setup costs. This along with its 0% tax rate and minimal ongoing obligations make it an ideal choice.
There is also 0% VAT in Curacao and license holders can offer services around the world, except Australia, Aruba, Curacao, Cyprus, France, Netherlands, UK, and the USA. Kahnawake
Kahnawake is a good option because it also enjoys a 0% tax rate. Startup fees are low and the time frame of getting everything up and running is still relatively quick.
Those holding a Kahnawake online gambling license are only restricted from offering services to countries were iGaming is illegal, and FATF blacklisted nations. Malta
The benefits of a Maltese license include enjoying the prestige that comes withholding it. Tax rates in Malta are set at 35% but shareholders can reduce this to as little as 5% through the full imputation tax regime. Maltese license holders are only stopped from catering to customers in FATF blacklisted countries, and territories where it is illegal.
Across all jurisdictions, license holders are not allowed to service countries in FATF blacklisted countries or countries where online gambling has been deemed illegal. Contact Fast Offshore To Get Your Online Gambling License!
Fast Offshore has been helping clients obtain an online gambling license for over 22 years. There’s no-one better placed to advise and guide you through the whole process. If you’re thinking of opening an online gambling platform, contact us today.Related ArticlesGaming LicenseCuracao Gambling LicenseKahnawake Gambling LicenseMalta Gambling LicenseIsle of Man Gambling LicenseCosta Rica Gambling LicenseTop 3 Gaming LicensesCryptocurrency GamblingHow to Start Your Gaming CompanyCorporate Service ProviderProjections and Trends for the Gambling Industry
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