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Curacao Casinos License: How to Obtain a License for Online Gaming
For operators seeking to acquire a gambling license, the Curacao gaming license is frequently the favoured option due to its affordability and reasonable prerequisites. Nevertheless, obtaining a license can be daunting and intricate. Therefore, in this article, we shall furnish a comprehensive guide that elucidates the requisite steps for obtaining a Curacao gambling license. With our help, you can navigate through the bureaucratic process with ease and obtain your Curacao casinos license in no time.
Licensing and Regulation in Curacao
Situated in the Caribbean, Curacao is an idyllic island that forms a constituent country in the Kingdom of the Netherlands. Boasting a warm and welcoming climate, the island has emerged as a hub for diverse sectors such as shipping, oil refining, international trade, and finance.
The nation’s economy is predominantly influenced by tourism and other services, such as eCommerce, particularly in the iGaming sphere. This article aims to delve deeper into Curacao’s thriving iGaming industry and explore the advantages of obtaining a Curacao gaming license.
For over 25 years, Curacao has cemented its position as a premier hub for online gambling. The country was an early proponent of online gaming and legalized it with the National Ordinance on Offshore Games of Hazard in 1993. This move enabled the government to grant licenses in 1996, luring several global businesses seeking a welcoming and dependable offshore jurisdiction.
Due to its state-of-the-art infrastructure, competitive tax rates, and pro-business policies, Curacao has emerged as one of the most sought-after licensing authorities for online gambling operators worldwide.
How to Get a Gambling License in Curacao?
To obtain a license for your online gambling platform in Curacao, you have to do the following,
- Register as a legal entity in Curacao.
- Appoint a local company representative.
- Appoint a director of a new company, collection of his financial and personal data.
- Help in the collection and preparation of documents, filling out the license application.
Now, to obtain the license, here are the steps you have to follow,
- Provision of a full description of the games.
- The availability of a registered company in Curacao.
- The presence of a local representative.
- Domain ownership.
- The presence of the Rules for using the website.
- Presence of at least one physical server of the company in the jurisdiction.
- RNG Certificate – Software Certification.
- Providing technical audit of each gaming system (including software).
Registering Your Company
To acquire a gambling license in Curacao, it is imperative to establish a limited liability company (B.V. or N.V.) with a Latin transcription and an exclusive name that aptly characterizes the entity’s undertakings. The company must have a registered address in Curacao’s e-zone and be enlisted in the chamber of commerce. Furthermore, it is mandatory to appoint a local agent representative or a resident managing director to oversee the company’s operations in Curacao by legal obligations.
Reasons to Get a Gambling License from Curacao
According to financial experts, the iGaming industry is a highly profitable and burgeoning sector. Revenues continue to surge annually, fuelling the belief that profits will remain robust, notwithstanding hurdles like economic turbulence or pandemics. Online casinos and sportsbooks, being a popular mode of entertainment that has consistently exhibited high demand, constitute a promising investment prospect.
Here are the reasons to have a gambling license.
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Finance
Acquiring a license from Curacao enables you to establish a merchant account, as the majority of financial institutions necessitate a license for online casino businesses to commence an account.
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Security
Acquiring a Curacao license instils a sense of security among operators, assuring them that their business can operate sans the apprehension of legal repercussions.
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Reputation
Obtaining a Curacao license serves the iGaming industry by counteracting negative perceptions and fostering a fair and transparent gaming environment.
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Credibility
Given the stringent screening procedure that operators must undergo, possessing a Curacao license endows the casino with a substantial degree of credibility in the eyes of players.
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Cooperation
Being licensed by Curacao enhances the appeal of your casino to software and payment service providers who usually do not collaborate with unlicensed operators.
Many regulatory authorities provide licensing services, but Curacao should be considered as a preferred option for establishing your business due to the following reasons:
- It is cheaper than other gambling jurisdictions.
- One sub-license can cover all kinds of gambling products you offer.
- Compliant operators accept crypto payments.
- Operators can receive the license in approximately 6 weeks.
- The taxes are lower- 2% tax on the net gain and 0% on corporate income.
- Its application process is a little easier in comparison to other jurisdiction.
It is crucial to note that the Curacao license does entail a minor limitation concerning target markets. License holders cannot entertain players from particular countries, such as the USA, the Netherlands, and France, and even Curacao itself, contingent upon the master license holder. Hence, if a licensee breaches this regulation and permits players from any of the prohibited regions to partake in gambling activities on their site, they may face the revocation of their license.
How Much Does it Cost to Get a Gambling License in Curacao?
Acquiring a gambling license in Curacao offers a significant benefit, which is its affordability. The cost of obtaining a license in Curacao is lower than in other jurisdictions. However, the license fee may vary depending on factors such as the master license holder. Besides, there are additional costs linked with the license, such as incorporating a local company, the first year’s local representative fees, legal office fees, and domiciliation and administration fees, as well as local ISP service for compliance backups.
The low tax rates in Curacao make it an attractive option for online casino operators. Unlike other jurisdictions, Curacao imposes only a 2% net gains tax and application and renewal fees on operators. This straightforward tax structure is a major reason why Curacao is a top choice for those in the online gambling industry.
The overall cost of obtaining a Curacao gambling license depends on various factors. Numerous services are available to assist operators with the licensing process. It is generally recommended that operators seek expert guidance to identify the pricing plan that best suits their needs.
Latest News
BOS agrees with KV’s/KO’s advertising assessment of “Trisskrapet” in TV4
The Swedish Trade Association for Online Gambling (BOS) agrees with the Swedish Consumer Agency’s (KV) and the Consumer Ombudsman’s (KO) assessment that the daily scratch card commercial “Trisskrapet” in TV4 is an advertising feature, and thus not an editorial feature. BOS welcomes that KO is now ending that part of the process.
If Svenska Spel does not stop the advertising elements, BOS looks forward to KV following up on its earlier call to Svenska Spel to comply with the provisions on advertising identification and broadcaster declaration in section 9 of the Marketing Act and the information obligation in ch. 15. Section 3 of the Gambling Act with information on the 18-year-old age limit and where to turn in case of gambling problems.
– The Swedish gambling market must be characterized by a high level of consumer protection. A cornerstone of good consumer protection is that people are clear about what constitutes gambling advertising, i.e. that they are not tricked into thinking that an advertising feature would instead be an editorial feature. The daily “Trisskrapet” on TV4 has been anything but clear on that point, and we welcome that KO now finally establishes that the features constitute advertising and nothing else, says Gustaf Hoffstedt.
– Now it remains for Svenska Spel to introduce the mandatory consumer protection labelling of Trisskrapet. Since the company has not shown any excessive eagerness to introduce this voluntarily, KO should ensure that this happens as soon as possible. Every day and every “Trisskrapet” that does not contain the mandatory consumer protection label is another lost day for a safe and secure gambling market, Gustaf Hoffstedt concludes.
Balkans
Expanse Studios Launches in Bulgaria with Inbet
Expanse Studios, a leader in online gaming innovation, has secured a Bulgarian iGaming license and is now live on Inbet’s website. This expansion brings Expanse Studios’ popular game offerings including turn-based strategies gamified for iGaming, classic slots, traditional card games and the highly-acclaimed ones like Titan Roulette, Clown Fever Deluxe, Wild Icy Fruits, White Wild Whale and Joker Poker to Bulgarian players.
Diverse Gaming Portfolio Now Available to Bulgarian Players
With the Bulgarian market entry, Expanse Studios introduces a versatile gaming experience to Inbet’s platform. The offerings include a dynamic range of games tailored to diverse player preferences:
- Turn-based strategy games: Leveraging gamification, these games transform traditional strategy gameplay into engaging iGaming experiences, suitable for both novice and experienced players.
- Classic slots: Players will enjoy a variety of themed slots that combine traditional gameplay with modern graphics and sound.
- Traditional card games: A selection of popular card games offer something for every card game enthusiast.
- Titan Roulette: This standout feature, known for its immersive experience and innovative design, continues to be a favorite among roulette players.
Commitment to Quality and Compliance
Expanse Studios not only cultivates a diverse gaming library but also adheres to stringent regulatory standards to ensure a secure and fair gaming environment. The acquisition of the Bulgarian iGaming license is a testament to Expanse Studios’ commitment to compliance and excellence in the gaming industry.
The partnership between Expanse Studios and Inbet marks a significant milestone in Expanse Studios’ expansion efforts. By combining Expanse Studios’ innovative gaming solutions with Inbet’s established market presence, both entities are set to offer a superior gaming experience to players in Bulgaria and potentially beyond. As Expanse Studios continues to develop and release new games monthly, Bulgarian players can look forward to a continually evolving and enriching gaming landscape.
Latest News
Week 17/2024 slot games releases
Here are this weeks latest slots releases compiled by European Gaming
Belatra Games, the specialist online slots developer, is on point with its latest sharply designed game, Golden øks. This Norse-inspired adventure carries on from the popular Axe of Fortune title that hit the market at the turn of the year. Golden øks is set against a 5×3 layout and is brought to life with a powerful soundtrack to heighten the atmosphere.
Endorphina, has announced the release of its brand-new title, Jolly Queen, which will join its portfolio on April 27th. Jolly Queen is a 5-reel, 5-row fruit slot with 50 fixed paylines, introducing players to the lifestyle of the nobles. On top of the aristocratic ambiance, Jolly Queen provides players with Free Games, allowing them to master the reels.
Evoplay has released Candy Craze, a vibrant slot stacked with features and modifiers, including the powerful Gum Drop Multiplier which boosts win potential. Set amidst the backdrop of sumptuous sweets within a cloudy landscape, the 5×5 cascading reels title gives players a sugary rush when the Gum Drop Multiplier activates, revealing a mystery value at the end of each winning spin up to x100, enhancing the chance for wins during the main game and Free Spins.
Yggdrasil, a leading iGaming publisher, has revived the gold rush in a jackpot-filled game that embodies the spirit of old west prospecting in Gold Frontier Jackpots FastPot5™. Fans of lower volatility slots with straightforward mechanics that get fortune seekers right to the heart of the action are tasked with gathering keys to enter the treasure bonus game.
Relax Gaming is offering players some opulence in its latest release Sultan Spins. This high volatility slot sees its gold-trimmed reels set against a sprawling desert metropolis. Players have the chance to rack up riches via an entertaining free spins feature and lucrative local jackpot.
Greentube has introduced its latest title in the popular Diamond Link ™ series, Diamond Link ™: Mighty Dwarves Inc. Set deep in underground mines, this adventurous 5×3 slot is packed with innovative features for ample chance to win across its 25 paylines when players spin the reels adorned with hammers, hard hats and laser symbols.
Get your eyes ready because it’s time to take a trip to the pet centre to meet the ugliest, quirkiest, wildest-looking pets you’ve ever seen in the brand new slot, Fugly Pets, from Stakelogic. Fugly Pets takes players to a banged-up old pet store to explore its collection of weird and charming, downright ugly pets. Meet a scruffy parrot, a catnip crazed kitty, and an unfortunate-looking little dog.
Load your tackle box, bait your hook and get ready to reel in the catch of the day in Fishin’ The Biggest from Apparat Gaming, the in-demand German software provider’s latest splash hit slot that sees players trawl the sea for free spins and massively multiplied prizes. Played over five reels, three rows and ten fixed paylines, Fishin’ The Biggest is a highly-volatile title with an outdoor angling theme.
Thunderkick has announced the launch of Midas Golden Touch 2, the highly-anticipated sequel to the acclaimed 2019 original. This latest release invites players to rediscover an enchanted realm where everything King Midas touches turns to gold. The 3×5 video slot boasts 15 paylines and showcases Thunderkick’s signature high-quality design and innovative features.
Belatra Games, the specialist online slots developer, has served up another classic with its tasty Chef’s Sticky Fruits slot. This latest release from Belatra’s studio is a vibrant and juicy addition to its renowned catalogue of slots. It’s a 5×4 slot game bursting with colour that’s heightened with an upbeat, retro soundtrack that perfectly captures the essence of fun at the heart of every play.
3 Oaks Gaming has launched 3 China Pots: Hold and Win, the first time the company has integrated the popular 3 Pots mechanic within a Far East-themed title. The latest instalment from 3 Oaks to incorporate the 3 Pots functionality sees players transported to the allure of the Orient, where the Extra, Double and Multi modifiers influence the Bonus Game once activated.
Pragmatic Play has unleashed roaming wild re-spins and random guaranteed wins in Release the Bison. Symbols of the American frontier abound in this 5×4 slot, where hitting four or more rampaging bison triggers the wild re-spin feature, during which all wilds roam the reels to boost win potential.
Blueprint Gaming’s latest slot release tasks players to look for the leprechaun’s pot of gold under the water rather than at the end of the rainbow in Plenty O’ Fish, a 6×4 hybrid of sea creatures and shimmering rewards. Players must look to unlock a tackle box of treasure with a jaunty leprechaun being the key to wins, lurking behind a dynamically coloured underwater background that changes when the bonus game is triggered.
Booming Games has launched its latest sweet sensation to its collection of engaging slot games – Fruit Heaven Hold and Win™. This is a deliciously designed 5×3 slot game with 25 paylines, which promises players an exciting experience full of fantastic fruity features and Stacked Wilds.
Wazdan is multiplying jackpots in the follow-up to its top-performing game Mighty Wild™: Panther Grand Gold Edition. Venturing to the depths of the jungle where a black panther rules the reels on a 5×3 gameboard, the new edition provides even larger win potential. With the increased value of the Cash symbols and Cash Infinity™ symbols, there is also a more lucrative Grand Jackpot of 1500x the base bet.
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