Curacao Gambling License Cost
Posted : admin On 4/4/2022How much does a gambling license Curacao cost? The cost of gambling license depends on many factors and can vary depending on the availability of the client’s personal resources. In total, Curacao license will initially cost under 20,000 euros. Compared to other jurisdictions, the price is really affordable. Curacao online gambling license is comprised of different aspects, which is why the gambling company registration can cost $11 500-50 000. Curacao online gambling license is costs $34 000 today. This includes registration, annual maintenance, investments to eGaming and the rest.
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.
How much does a gambling license Curacao cost? The cost of gambling license depends on many factors and can vary depending on the availability of the client’s personal resources. In total, Curacao license will initially cost under 20,000 euros. Compared to other jurisdictions, the price is really affordable. Curacao licensing for online casinos. This region is a part of the Netherlands, so it legally belongs to the EU. It issues the most common licenses on the planet because every ninth gambling club works with this permission. The international license of this region is a single permit for all types of online casinos. The sub-license allows. Oct 05, 2017 Since 1996, Curacao has been the most popular jurisdiction to run online gambling business, partly because of being a politically stable country. Nevertheless, the main reason is great licensing conditions and affordable cost. The Curacao licence will cost you $20 000 – 25 000, for which you will get at least.
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.
Kahnawake
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.
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You need to apply for a license if you are looking for legitimate online gambling in the region. This ensures you get a license...
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The Curacao Gaming Commission was established in 1996 and it is associated with the Government Of Netherlands Antilles. This Commission was incorporated in 2001 and controls about 30 operators.
This Commission provides an extensive online Gambling license that includes and covers all skill games, sports betting and chance. It is well known for its comprehensive services and repute in the region. This Commission is one of the most sought after bodies for the application of online gambling licenses in the nation. There are applicants who apply here for the sake of getting a license to operate in the region.
As mentioned in the first paragraph this body has a number of services that can be applied for. The above makes Curacao is favorable option for online gambling. It provides licenses to the applicants and most of its poker card rooms have been diversified into bingo, lottery, casino and other related games. There are many options available. This means one can find everything under a single roof.
Curacao is a one-stop shop that is currently widely sought after by the online gambling authority. This is why you will find that there are several applications pouring in to this single authority of online gambling in the area.
Curacao has currently developed into a provider with many inclusive packages that are extensive and attractive.. Most of them are very attractive and this is why they are widely sought after. Applicants can get licenses for gaming online when they apply to this body.
With this body you need to apply for a license if you are looking for legitimate online gambling in the region. This ensures you get a license for e-gambling. The applicant also gets a co-location space intended for the hardware, redundant power and data connections along with other services.
Curacao imposes a tax of 2% on the net gains from the interactive gaming of 0% tax on Gross Bets. There are also dividend withdrawals that are not restricted and they have no import duties. The sales or the turnover tax also does not have VAT. This is good news for those applicants who fear spending large sums of money on tax.
There are certain things that the applicant needs to take account of before he makes an application to the body. In order to get an online gambling license this Company needs to be registered under the Netherlands Antilles Chamber of Commerce. This is the first requirement. It needs to be a legal entity both on and offshore before it submits its application for the license.
There is an investigation that has been conducted by the Curacao Department of Justice where a deposit of about $35,000 (ANG 60,000) is taken with a per month fee of ANG 10,000 that has been charged for two years. Here the records are checked and there are no charges of anything illegal. These fees need to be negotiated after two years at periodic intervals. The applicant must remember to pay them after the expiry of two years.
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