The Curacao gambling license is recognized as both affordable and reputable, allowing local and offshore operators to safely advance their business in the global online gambling market. The Curacao e-Gaming Licensing Authority is the online gaming regulatory body that licenses gambling companies looking to take their business to the next level. This regulatory body is appointed by the Curacao Gaming Control Board and has been given authority by the Curacao Department of Justice to manage all gaming licenses.
Many Curacao online casinos featured on Nonstopcasino.org are really reputable operators and are available to UK players. Curaçao e-Gaming was established in 1996 under the Online Gambling Acts 1993 and since 2002 this body has issued licenses to online gambling companies overseas. As this regulator is the largest online gambling licensing jurisdiction globally, how much does it cost to obtain an online gambling license?
A gaming license not exceeding €20,000
Why Curacao is one of the hottest casino jurisdictions for online gambling license with several gambling companies trusting this gambling control board? The answer lies in the simple and easy registration process with a minimum group of documents allowing operators to operate in the shortest possible time. The price of the gaming license varies depending on many factors, but the initial price does not exceed €20,000, which is obviously quite affordable compared to other casino jurisdictions.
It is worth mentioning that companies to operate their business remotely are required to host the servers locally to achieve permanent establishment requirements. Game license must be renewed every year in which operators are required to pay a set of fees of different services including hosting services, business management, backup storage, license renewal casino fees and other associated fees. By holding a Curacao license, operators not only have the possibility to open an account on the European banking network, but they can also easily connect to all reliable payment methods dedicated to online gambling sites.
Income tax up to 2%
An important thing to consider is the tax system applied by countries. In fact, some regulatory authorities seem to grant casino licenses favorably, but the gambling tax system forces operators to pay higher taxes. Fortunately, Curaçao offers the lowest income tax of up to 2% and a sales tax of 6%.
To obtain a Curacao license for online casinos, the laws require applicants to have a local land address and a managing director, as these conditions are also included in the total cost of the license. Anything related to maintenance, government taxes and opening a bank account also adds to the tax costs. Also, gambling operators are required to deposit application fees to obtain and maintain the license.
How to provide a Curacao license?
In order to legally create and operate gambling or casino sites, regulatory bodies require applicants to meet certain standards. Obtaining a license is the primary condition before developing their activities. As the gambling industry is highly regulated, the license not only allows online gambling companies to operate within a legal framework, but also ensures responsible and safe gambling for players.
To receive the operating license from the Government of Curaçao, several steps must be completed. As stated above, the first step is to build a land-based premises in Curacao and hire a local managing director for an online casino site. Then, after receiving the license and paying the 2% of all income taxes plus a 6% sales tax, license fees and IP compliance services must also be paid. This process allows operators to host Curacao game servers. A set of documents must also be provided to receive a license from this well-known jurisdiction.
The Curaçao e-Gaming licensing body was founded to monitor online gaming sites and provide licenses to local and offshore gaming operators. In 2002, this popular authority was appointed to license online gambling operators. Several online casinos and other iGaming sites operate under the license of the jurisdiction of Curacao guaranteeing players a safe and fair experience.
To date, more than four hundred and fifty online gambling and casino operators are licensed and operate under Curaçao authority. Several operators have continued to search for a gambling license because in addition to its simple and quick procedure, the license and tax costs are also the lowest according to DatingCelebs.com and make this regulator one of the globally recognized gaming authorities.