Curacao is an island of small size, which is located near the coast of Venezuela. Curacao is an excellent jurisdiction for newcomers to the market and deservedly is one of the leading regions regarding the advantages in obtaining a gaming license.
Jurisdiction Curaçao offers excellent conditions that are ideal for a new company in the field of virtual gambling. The Supervisory Department introduced a low tax percentage, and also reduced the rigidity of market restrictions to a minimum, which is very much welcomed by new firms. The main advantage is a quick and easy entry into the jurisdiction, obtaining a license.
The Curaçao game board offers everyone a specialized package of services that allow you to buy a license and a hosting server at a bargain price.
The period for obtaining a license is approximately 2-3 weeks from the date of application. There are some cases when the examination may take longer.
Type of organization of the company in the field of virtual gambling: Limited liability company or private limited liability company.
In the territory of Curacao, a law is in place, according to which any site in the field of virtual gambling must pay a regular fee of 2% of the gross profit of the firm. At the same time, the tax on import duties and sales tax are not taken into account.
This tax percentage is guaranteed to be insured against changes until 2026. There is no additional bet on the territory of Curacao.
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The minimum amount of authorized capital is needed for direct integration into the jurisdiction system of Curaçao. Its amount is negotiated separately when making a license. Usually, this is a small amount of financial resources, which very well affects the creation and development of new online gaming companies.
All security, including software protection, is provided by the Master license holder (the person who is responsible for licensing online gaming platforms in the region).
Monetary contributions of users who were lost due to problems with system protection should be returned in full by the holder of the Master license.
The cost of the license is formed at the discretion of the holder of the Master license: from $ 1,000 to $ 5,600.
The rules of jurisdiction of Curaçao mean the issue of a license for a period of 5 years.
The license renewal also costs from $ 1,000 to $ 5,600. The renewal can be automatic if no violations were noticed by the operator during the work period and all the requirements of the jurisdiction were fully respected.
The sphere of gambling is not supported by local banks. Therefore, the account can be opened in foreign banks. At the same time, any foreign bank in which the operator decides to make a trading account must accept all the terms of cooperation from the jurisdiction of Curacao.
The regulating department when issuing the license offers private servers for placement of the online gaming project. Due to the constant development of the IT structure in this region, almost all servers have a clustered security system that creates a high level of security and provides reliable protection against hacker attacks.
Any financial transactions related to the online gaming site, as well as the results of communication between the casino and the player (payouts on winnings, correspondence, input of funds to the player’s account, etc.) must be preserved without fail and be provided to the regulatory department on demand.
All violations of the old are recorded by the controlling body and transferred to the necessary substances in accordance with applicable law. Any money laundering and other types of fraud fall under the “KYC” policy, which applies to all online gaming sites that use the license of the jurisdiction of Curacao.
Territorial restrictions (distribution of gambling content): the distribution of gambling content, including various types of advertising is allowed strictly in the territory of the Netherlands Antilles.