In the vigorous world of online gambling, the Curaçao gaming license stands out as a cherished goal for startups and entrepreneurs eager to establish a foothold in the digital gambling arena. Renowned globally for its appeal, this license is synonymous with opportunity and accessibility, making it one of the most sought-after permits in the iGaming industry. For both newcomers and experienced operators, Curaçao presents a welcoming environment for acquiring an online casino or sportsbook license.
This small Caribbean island is not just about picturesque views and tropical weather; it’s a progressive and developing iGaming hub. The local licensing process is famed for being straightforward and efficient, boasting one of the shortest processing times in the industry. This simplified procedure is a significant advantage for those eager to launch and capitalize on a gambling project without delay.
The cost-efficiency of obtaining a Curaçao license makes it an attractive option for businesses of all sizes, particularly startups operating with limited budgets. This aspect of affordability, coupled with a robust regulatory framework, ensures that entrepreneurs can focus on growth and innovation without being burdened by excessive overheads.
To date, the government of Curaçao is actively enhancing its gambling legislation to align the local regulatory framework with international standards — a step that further underscores the jurisdiction’s commitment to maintaining a reputable and safe online gaming environment. Current updates are focused on remote gaming and are part of a broader strategy to combat illegal gambling activities.
This article is a comprehensive guide for those who are thinking about getting a Curaçao license. We are going to dig into the main requirements, benefits, and pitfalls of obtaining a local permit.
Curaçao gambling license: disclosure of key benefits
In the iGaming industry, securing a Curaçao gambling license is akin to unlocking a treasure trove of benefits that can propel a business to new heights. This section delves into the key advantages of holding a Curaçao permit, spotlighting the aspects that make it a coveted choice for gaming enterprises worldwide.
The most сompetitive tax system
Curaçao is renowned for its favorable tax environment, offering one of the most competitive tax systems in the online gaming industry. Local operators only pay tax on net profits, which is 2%. This advantage is a significant plus for businesses seeking to maximize profitability while ensuring compliance with international tax standards.
Provides a variety of secure payment methods
The flexibility in payment options under the Curaçao permit is a major boon. It allows operators to offer a wide range of secure payment methods, catering to a global audience and ensuring a seamless transaction experience for users.
Minimum technical requirements for licensees
Software providers are subject to minimal requirements in Curaçao. This approach facilitates easier market entry for operators, reducing the technical and financial barriers typically associated with developing a virtual gambling platform.
The quickest process for obtaining a license among all jurisdictions
When it comes to processing time, Curaçao leads the pack. Its expedited licensing procedure is unrivaled, enabling businesses to obtain a gaming license faster than in any other jurisdiction. Usually, it takes about 6 weeks to get a local permit.
Ideal for startup developing
For startups venturing into the online gambling world, the Curaçao gaming license emerges as an optimal choice. This permit provides new operators with a supportive environment conducive to growth and innovation. It offers an accessible entry point into the industry, reducing the complexities and costs typically associated with establishing an online gaming platform. This approach accelerates the journey from concept to market presence, making it an invaluable asset for startups embarking on their first foray into the online gambling sector. LicensingAid recommends Curaçao as a place to legalize your iGaming project.
Encompasses all gaming-related activities
The Curaçao gaming license offers a seamless solution for casino operators. The document covers an extensive range of gaming-related activities. From sports betting to online casinos, lotto, online poker, bingo, eSports, live games, scratch cards, slots, and other games of chance, all are encompassed under this single license.
In summary, the Curaçao gambling license stands as a symbol of opportunities and efficiency in the online gaming world. The island’s competitive tax system, diverse payment options, minimal technical requirements, rapid licensing process, suitability for startups, and comprehensive coverage of gaming activities position it as an ideal choice for businesses looking to thrive in the dynamic iGaming world.
If you have questions regarding the licensing process in Curaçao, feel free contact the LicensingAid team. Our specialists are ready to provide you with free advice and support during the application process.
Securing your gambling license: a step-by-step guide
The journey to obtaining a Curaçao iGaming license in 2024 is complex and requires meticulous attention to detail, with any minor oversight potentially leading to application denial. The process can seem overwhelming, but with LicensingAid’s expertise, operators can steer clear of these hurdles. Our knowledge and years of experience in the gambling sector, excels in guiding clients through every step, ensuring thorough compliance and accuracy. Let’s see how our specialists can support operators on every stage of the application procedure.
- We assist in fulfilling all of Curaçao’s jurisdictional requirements, including AML and responsible gambling measures. This is a pivotal step for each applicant.
- Our services extend to aiding in the establishment of a company in Curaçao, along with opening corporate bank or merchant accounts.
- We offer support in preparing and submitting the necessary documentation.
- Our team will accompany you during the whole licensing procedure, proficiently interacting with the regulatory authorities on your behalf.
- Throughout the entire licensing process, our legal experts are available to offer advice on any emerging issues.
- Once your application is approved and the license obtained, we can assist in trademark registration.
- Additionally, our experts are on hand to help you select optimal visual solutions for your platform.
Do not hesitate to reach out to us for a personalized, step-by-step guide to applying for an iGaming license in Curaçao.
Curacao gaming license package provided by LicensingAid
Our company has extensive experience in the online gambling industry, as well as licensing of iGaming projects. We offer our clients a comprehensive turnkey solution for obtaining a Curaçao license. Here is what’s included in this service:
- Registering a legal entity
- Opening a bank/merchant account
- AML compliance
- Trademark registration
- Design consultancy
- Legal advice
Feel free to ask any questions regarding licensing. We are here to make your path to opening an online casino or sports betting platform faster and smoother.
Essential requirements for obtaining a Curaçao gaming license
Curaçao values its reputation and maintains the status of a respected regulator, that’s why operators will have to meet several critical requirements. These conditions are essential in maintaining the integrity, legality, and responsibility of online gambling operations. We prepared a structured overview of the main requirements:
1) Gambling age. All gaming services must be available only to adults (legal age in Curaçao is 18 years old), which emphasizes the commitment to responsible gaming and protection of minors.
2) Server in Curaçao. Hosting at least one gaming server in Curaçao is a key requirement.
3) AML/CFT compliance. Operators must adhere to strict Anti-Money Laundering and Counter-Financing of Terrorism legislation, upholding legal and ethical business practices.
4) Certified gaming software. Using certified gaming software is essential to guarantee the fairness, reliability, and security of the gaming experience.
5) Tech audit. Regular technical audits are mandatory and crucial for assessing and maintaining the integrity and security of the gaming platform.
6) Fit & proper tests. These checks are conducted to ensure the reliability and suitability of applicants and key personnel managing the gaming operations.
7) Responsible gaming procedures. Implementing practices that promote responsible gaming is fundamental for player protection.
8) Internal compliance officer. The presence of an internal compliance officer is necessary to monitor and ensure ongoing adherence to all regulatory and legal requirements.
In conclusion, the process of obtaining a Curaçao gaming license is marked by strict adherence to a range of critical requirements. These requirements are not just formalities but integral aspects that ensure operators provide a safe, fair, and responsible gaming environment. This structured approach underscores Curaçao’s commitment to upholding high standards in the online gaming industry.
The process of applying for a gambling license
The process of applying for a gambling license in Curaçao is relatively simple, however we recommend operators to carefully review it before the start. Here are 6 major steps of the application procedure.
1) Prepare the documents. The initial stage involves gathering and preparing all necessary papers. This includes personal and financial information, business plan, and details of the gaming software.
2) Register a company and open a bank account. Applicants must incorporate a company in Curaçao and open a local bank account, aligning their business operations with local legal and financial requirements.
3) Submit an pplication. Once all documents are prepared and the company is established, the formal application for the gambling license is submitted. This stage also includes paying mandatory fees.
4) Pass the background and fit & proper checks. A thorough background check is conducted on all applicants and key personnel, including fit and proper tests to assess their suitability for operating a gambling business.
5) Obtaining a license. When all stages are completed and compliance with regulations is verified, the applicant receives a long-awaited license.
6) Comply with the laws. After receiving the license, operators are required to adhere to ongoing regulatory requirements, including regular audits and responsible gaming practices.
The process of applying for a gambling license in Curaçao is well-structured and thorough, which ensures that only qualified and responsible operators are granted the privilege to run a gaming business under the jurisdiction, upholding the integrity and reliability of the online gaming industry.
Curaçao gaming license cost — taxes & fees
Let’s look at the financial aspect of obtaining a Curaçao gaming license. Under the previous framework, the total setup expenses for a Curaçao gambling license amounted to ANG 120,000 (≈$67,000). This included an initial yearly fee of ANG 36,000 (≈$20,000) paid upon application and a subsequent monthly fee of ANG 7,000 (≈$4,000). However, under the revised system, operators will face a new annual fee of ANG 48,000 (≈USD$000) along with a reduced monthly fee of ANG 4,000 (≈$2,200). Additionally, due diligence fees, varying between ANG 250 (≈$140) and ANG 500 (≈$280) per person, will also be applicable.
Besides the application fees, there are other setup costs to keep in mind, including the first year’s fees for a local representative, charges for legal office services, as well as domiciliation and administration expenses.
A key factor that adds to Curaçao’s appeal as a jurisdiction for iGaming operations is its notably soft tax policy. Contrasting with other jurisdictions that impose an extensive array of taxes and fees, Curaçao maintains a simple fiscal approach with a 2% net gains tax and the standard application and renewal fees. These expenses comprise the total financial commitment for operators in this jurisdiction.
The overall cost of acquiring the license varies influenced by different circumstances. The complexity of the process often leads operators to seek assistance from experts who provide guidance through the licensing journey. Contact LicensingAid to identify the certain costs of obtaining a gambling permit in your unique case.
How to set up a new company in Curaçao
To embark on the journey of obtaining a gambling license in Curaçao, the initial step is to establish a local legal entity, either as an N.V. (Limited Liability Company) or a B.V. (Private company). This process begins with selecting a company name that must be unique and in Latin transcription, accurately reflecting the company’s actual business activities without causing any misleading impressions.
Legal requirements stipulate that the company must have a registered office address within Curaçao’s e-zone. Additionally, the business must be duly registered with the Curaçao Chamber of Commerce.
Furthermore, the company is required to either appoint a local agent representative on the island to oversee its operations or designate a resident as the managing director. This condition is crucial as it establishes a direct point of contact and ensures that the company has a representative familiar with the local business environment and regulatory landscape.
By adhering to these steps and ensuring compliance with Curaçao’s legal framework, a company lays the necessary groundwork for obtaining a gambling license in this jurisdiction.
Timeline of getting a Curaçao gambling license
The timeline of obtaining a gambling license in Curaçao is relatively quick compared to other jurisdictions, with average processing time typically ranging from two to six weeks (after applying). However, it is important to note that this duration may vary depending on specific circumstances, such as the completeness and accuracy of the documentation provided, and the level of compliance with regulatory requirements. Applicants should be prepared for possible delays as each application is unique. Nonetheless, you can enhance your chances of getting the license as soon as possible by contacting the LicensingAid team.
Restricted regions for Curaçao licensing
Holders of a Curaçao gaming license face specific restrictions regarding the regions in which they can offer their services. They are barred from operating in several territories, including Curaçao itself (and other parts of the Netherlands Antilles), France, The Netherlands, Australia, and the USA. Additionally, it’s anticipated that this list of restricted regions may expand under the new licensing regime.
It’s also important to note that operators with a Curaçao license are not permitted to provide their services in any jurisdiction where gambling is completely banned. This compliance with regional industry laws is a critical aspect of maintaining the Curaçao gambling license.
Is further maintenance required for your gambling license?
Yes, permanent maintenance is the next step after a license acquisition. This stage includes strict compliance with local laws and implementation of changes if necessary, payment of all regular mandatory fees and taxes, submission of annual reports, and so on. Overall, it is about following the jurisdiction’s high standards to preserve and strengthen its reputation.
Maintaining a license is not an easy task, to make sure you are always updated about the changing regulation and comply with them, feel free to address LicensingAid — gambling industry experts who help dozens of operators every year. Contact us to get more information on any licensing-related issue.
Changes of the Curaçao gambling license application and gaming laws
Drastic reform of Curaçao gambling legislation and licensing system is on the way. The upcoming changes are motivated by an intention to increase the level of compliance with international requirements, respond to emerging threats due to the development of digital technologies, and increase the effectiveness of illegal gambling prevention. The proposed reforms will reflect Curaçao’s commitment to remaining a respected and competitive jurisdiction, ensuring its licensing framework is strong, transparent, and modern.
Now let’s figure out how Curaçao’s licensing procedure will change under the new iGaming legal framework.
Curaçao previously offered two types of gambling licenses
The previous regime in Curaçao offered two types of permits: master licenses and sublicenses. The island’s gambling sector was controlled not by an industry regulator, but by the Ministry of Finance and the Financial Intelligence Unit. Only the Minister of Justice had the right to issue master licenses, while sub licenses were issued by the holders of master permits. Each of master licensees could issue an infinite number of sublicenses.
Let’s take a closer look at the two types of permits.
Master License
From 1996 to this day, only 4 master licenses have been issued in Curaçao. Let’s list their holders: Cyberluck Curaçao N.V. #1668/JAZ, Gaming Services Provider N.V. #365/JAZ, Curaçao Interactive Licensing N.V. #5536/JAZ, and Antillephone NV #8048/JAZ. Anyone who wanted to launch their own iGaming project under the jurisdiction of Curaçao had to request a sublicense from one of these master operators.
Master licenses were issued for 5 years with the possibility of extension.
Sub-License
A sublicense is exactly the document that an operator who wants to run an online casino or sports betting platform needs to obtain. Under the old Curaçao legislation, the owners of master licenses had the right to issue sublicenses. The validity period of the sub-permit lasted exactly as long as the master license, the owner of which issued the permit, was valid.
New gaming license types and Curaçao sublicenses issuing authority
The new legislative framework involves the establishment of a new regulatory and licensing authority, the Curaçao Gaming Authority (CGA), which will issue two types of licenses:
1) B2C — a license for gambling operators (casino, sportsbooks, lotteries, bingo, poker, slots, etc.) providing services directly to customers.
2) B2B — a license for service providers to operators, for example, for gaming providers or payment solution providers.
It is worth noting that the CGA has not yet been established, but the old system also no longer works in its usual form. Today, Curaçao is going through a transition period, and its gambling legislation is rapidly transforming. So how can you get a gaming license on the island today? From November 15, 2023, operators can submit applications for getting a permit to the Curaçao Gaming Control Board GCB. This body is not an official gambling regulator, and its main function is considered to be combating money laundering and the financing of terrorism.
As you can see, obtaining a license in Curaçao today requires constant monitoring of changes and flexibility. This is another reason to turn to specialists who are always up to date with the latest news.
The updated process of applying for new gambling licenses on Curaçao
As we have already mentioned, there is no final version of the algorithm for applying for a Curaçao license yet. Currently, the jurisdiction has a transition period option: you can submit an application to the GCB. It is possible to do it online at https://portal.gamingcontrolcuracao.org/. Current sublicensees wishing to continue operating under a Curaçao permit can also register on the portal.
The island’s authorities specify that existing licensees will be automatically transferred to the new system. It is expected that holders of old sublicenses will be issued a temporary permit for a period of 12 months. During this period, operators must comply with new requirements and apply for license renewal according to the new rules.
Now let’s look at what exactly will change in the requirements for applicants, and what effect the Curaçao authorities expect from the reforms.
Major changes — actual presence of staff in Curaçao
The new gambling legislation of Curaçao implies tougher requirements for operators regarding running business in the jurisdiction, namely the physical presence of staff on the island. Now operators are required not only to register a company in Curaçao, but also to open a physical office there. The presence of at least one director and three permanent key employees in the jurisdiction is also mandatory. Key employees can include managers, lawyers, compliance specialists, and others.
Increased transparency and security for the new gaming licensing system
Since the key objective of legislative reform is to bring local regulations into line with international standards, special attention has been paid to strengthening the requirements for operators. This especially concerns the security of player data and funds, as well as compliance with fair and responsible gambling norms. Among the key changes provided by the new legislation are:
1) Fair gamIng. Online casinos and sportsbooks operators will be required to fulfill international fair gaming standards. These standards ensure that all games provided are transparent and outcomes are determined by chance with a proper and certified random number generator RNG.
2) Player protection. There is also a range of required measures intended to safeguard underage and vulnerable gamblers. Gaming businesses seeking a Curaçao permit will be required to follow responsible gaming policies, have effective dispute resolution mechanisms, and establish a system for the prompt handling of player complaints. A responsible gaming concept also involves introducing self-exclusion mechanisms and setting deposit limits.
3) Anti-Money Laundering (AML). Current procedures will be updated to align with international standards. Specifically, virtual casino operators will be required to undergo enhanced control to combat money laundering.
Transition period after the new rules come into force
To date, the permanent gambling regulator of Curaçao (the CGA) has not been established. That is why today the GCB is in charge of issuing licenses. From November 2023, you can apply for a new gambling license on the website of this authority. Those whose application is approved during the transition period will receive either a standard five-year license or a temporary six-month permit. The latter will happen if the applicant has minor compliance problems that need to be fixed. Once the new rules come into force and the CGA appears, all applications (at all stages of review) will be transferred to the new body.
As for existing sublicensees, their responsibility is to register on the GCB portal. This must be done before the new legislation comes into force. Once the new laws are implemented, these operators will be able to continue working under the license, but they will also be required to meet new jurisdictional requirements in order to renew the document in the future.
Future impact: new laws and implications for the gambling Industry
The upcoming renewal of gambling legislation in Curaçao entails a pivotal shift in the jurisdiction’s approach to regulating its gaming industry. By introducing stricter rules and regulations, the island aims to significantly enhance the reputation of its licensing regime, positioning itself as a more credible and reliable hub for online gaming operations. These changes are expected to instill greater confidence among players and stakeholders, ensuring that games are fair and transparent, and player protection is prioritized.
However, while the direction of these reforms is clear, the full impact on the iGaming industry of Curaçao remains to be seen. It’s a transformative period for the jurisdiction, which seeks to balance stringent regulatory measures with the attractiveness of its license. The effectiveness of new laws in achieving this balance will be crucial in determining Curaçao’s future standing in the global online gaming scene.
Contact LicensingAid to get an offer that is right for you!
No matter how the Curaçao gambling legislation changes, a license from this jurisdiction still remains a reliable and profitable option for new operators. However, in order not to get confused by the new rules and to do everything correctly, we recommend turning to specialists.
Our team has many years of experience in the industry and is ready to find the perfect option for legalizing your online gambling business. LicensingAid will create a step-by-step algorithm for obtaining a license in Curaçao — or another jurisdiction — and then support you at every stage of the process.
Contact us for a free consultation and get answers to all your questions.
FAQ
In the final part of the article, we provide brief answers to the most frequently asked questions about the Curaçao gambling license.
What are the current gambling regulations in Curaçao?
Today, Curaçao is going through a transitional period of changing gambling legislation. Until a new gambling authority is established and new regulations come into force, the GCB is in charge of regulating the casino and sports betting industry. New operators can apply for an iGaming license (igl) on the website of the authority. Current licensees can also register on the platform. There is no exact date for the introduction of the new rules, but it is expected to happen this year.
What laws and regulations govern gambling in Curaçao?
The gambling industry in Curaçao was legalized in 1993 when the National Ordinance on Offshore Games of Hazard came into force. Then, in 1996 the jurisdiction began issuing gaming licenses to operators. However, the upcoming reform means that the Curaçao gambling sector will continue developing under the National Gambling Ordinance, also known as LOK.
Is Curaçao gambling license legal and reliable?
Yes, the Curaçao license is legal and reliable. The upcoming gambling reform includes implementing comprehensive measures to prevent money laundering and terrorist financing. It is expected that these changes will greatly increase the credibility and reliability of Curacao’s iGaming license in the global gaming industry.
The Curaçao gaming license is widely known and recognized. You can legally operate in many countries worldwide with a permit from this jurisdiction. However, we recommend you check whether there are any restrictions on operating with a Curaçao license in your target markets.
How can you get a Curaçao gaming license?
You can apply for a new gaming license on the website of the current licensing authority (the GCB) https://portal.gamingcontrolcuracao.org/. You can find all related information, required documents, and mandatory conditions by following the link.
Can I get a license without a bank account?
To obtain a Curaçao gambling license, you need to register a legal entity and open a physical office in the jurisdiction. To do this, you will also need a local bank account. Contact LicensingAid to quickly and easily open a corporate or merchant account and start the licensing procedure in Curaçao.
Why is the Curaçao gaming license the best for startups?
The Curaçao gaming license is considered the best for startups due to its combination of accessibility, cost-effectiveness, and streamlined application process. The jurisdiction offers one of the quickest and least bureaucratic paths to obtaining an online gambling license, allowing startups to launch their operations rapidly. The licensing fees and associated costs are among the most competitive in the sphere, making it financially suitable for new businesses with limited budgets.
The local license covers all types of gaming activities, eliminating the need for obtaining multiple permits. These factors make the Curaçao iGaming license a preferred choice for startups looking to enter the online gaming market fast and efficiently.
The online Curaçao E-Gaming licensing authority — what exactly is it?
Changes in the gambling legislation of Curaçao involve the establishment of a new regulatory body – the Curaçao Gaming Authority. The CGA will monitor the activities of operators and issue e-gaming licenses. Until the body is established, its duties are temporarily performed by the Curaçao Gaming Control Board, whose employees were previously responsible for combating money laundering and terrorist financing in the industry.
What is the amount of the share capital of a company that can apply for a gaming license in Curaçao?
Curaçao lacks a defined minimum capital requirement for those applying for a gambling license. Nonetheless, holding sufficient funds to support the planned gambling activities is crucial for fulfilling the conditions necessary to obtain a permit.
Is it possible to open a gambling business without a license?
We absolutely do not recommend opening an online casino or sportsbook without a license. Firstly, it is illegal, which means your platform may be blocked and you may be subject to a large fine. In addition, unlicensed casinos have a low level of trust among players and partners. Finally, no respectable gaming software developer, payment system provider, or bank would want to work with illegal online casinos.
While it may be tempting to save money on getting a license, it’s worth thinking about the long term. If you want to build a successful, profitable, and reputable business, a gaming license is the cornerstone to start with.
What other gaming licenses can I obtain?
If for some reason the Curaçao license is not suitable for you, you should consider other options. LicensingAid offers assistance in obtaining permits from Malta, the Isle of Man, Kahnawake, Costa Rica, Anjouan, Estonia, and Gibraltar. You can find information about each of these licenses on our website or contact us for a free consultation. We will help you choose the perfect option for your business, and then obtain the necessary document.
What are the basic requirements for a license holder?
The main requirements for a license holder in Curaçao include:
- Establishing a local company in Curaçao (N.V. or B.V)
- Hosting the gaming server within Curaçao to ensure legal compliance and data protection
- Adhering to strict Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations, including conducting due diligence and implementing effective measures to prevent illicit activities
- Using certified gaming software that meets international standards of fairness and reliability
- Conducting regular technical audits and ensuring the integrity of gaming operations
- Implementing responsible gaming practices to protect players
- Appointing an internal compliance officer to oversee adherence to regulatory requirements and best practices
- Opening a physical office on the island, as well as hiring a director and three employees to work there
These requirements reflect Curaçao’s commitment to maintaining a secure, fair, and responsible gaming environment.
