Curacao gambling license
Curacao has regulated gaming since 1993, and was one of the first states to do so. The regulations were further modified to fit online casinos in 1999 and a separate body to control the industry was formed in 2002. Formerly part of Netherland Antilles Curacao is now an independent constituent country within the Kingdom Of Netherlands, which still answers for defense and foreign policy. Curacao gambling license is becoming a popular option for many gambling companies due to the clear legislation, affordable costs, and wide market coverage.
The license is subject to the regulations of the Caribbean Financial Action Task Force, which itself is an associate member of Financial Action Task Force, which Netherlands and Curacao are both part of. The same strong scrutiny applies to player protection and responsible gaming that does to anti-money laundering.
One license covers all
- Sports betting and exchange
- Casino games
Compared to other iGaming locations the required paperwork, fees, and other costs are further reduced by the fact that there is no need for separate licenses within each software provider’s choice of games or programs. The license covers everything that is needed to transfer or start a gaming business in Curacao.
As a member of OECD and an associate member of EU, the country of Curacao adheres to strict international standards when it comes to regulated markets, anti-money laundering legislation, financial services, customer protection and responsible gaming.
- Net corporate income tax rate of only 2%
- 0% tax on gross bets
- No sales tax
- No import duties
- No VAT
- No restriction on dividend withdrawals.
License fees are around 8.000 EUR per year, with sub-license holders negotiating their payment with the owner of the license. All additionals services like company incorporation, hosting and banking are subject of negotiations with direct providers. However it is more efficient to get it as a package offer from a turnkey providers.