Curacao Company Incorporation
Get your new Curacao Gambling Company through us and enjoy the best price and service.
iGaming Express specializes in Curacao gaming company formation, bringing expert knowledge and experience to assist you with the process.
Based on the latest update as of July 13, 2023, all Curacao Sub-licenses must be renewed by the start of 2024. We are pleased to offer the issuance of new Curacao sub-licenses, valid until the beginning or mid-2024. Rest assured, we will provide full assistance in obtaining licenses under the new regulations once they are announced.
Additionally, we now introduce a new jurisdiction – Anjouan eGaming License. For more information, reach out to us via email hello@igaming.express or contact us on WhatsApp below.
When establishing your online casino in the sought-after jurisdiction of Curacao, it’s crucial to begin with a well-suited corporate and financial infrastructure to ensure a smooth transition once you obtain the license.
With iGaming Express’s extensive network of gaming-friendly banks and payment processors, coupled with our profound expertise, we will guide you through all the necessary steps. With over twelve years of experience serving clients in Curacao and other countries, we have successfully assisted hundreds of satisfied customers. Let us help you navigate the process effortlessly and get your online casino up and running in no time.
Trust iGaming Express to make your venture a success!
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Curacao Gambling License
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The price for setting up an online casino in Curaçao
iGaming Express offers comprehensive assistance in the initial stages of launching your casino. These crucial steps consist of three essential components that are a must-have:
- Setting up a company registered within the e-zone of Curacao with residency in the Curacao company register.
- Properly registering the Curacao offshore company formation to enable the registration of a sublicense for e-gaming in the Curacao gaming license register.
- Establishing a holding company within the EU banking domain, serving as the legal entity responsible for setting up and managing the required financial accounts, which include:
- A bank account tailored for high-risk payment processing companies.
- A merchant account/payment service provider (PSP) specifically designed to optimize i-gaming payment processing.
- Associated EMI (Electronic Money Institution) accounts to facilitate PSP transactions.
Costs associated with forming a Curacao company
| Service | Fees | Description |
|---|---|---|
| Due Diligence | 3,600 | Compliance, KYC, and UBO audit |
| Incorporation | 7,800 | Incorporate a company in Curacao |
| Gaming License | 14,800 | Negotiated from Curacao Master License Holder |
| Banking | 2,500 | Search for accepting banks within the EU |
| Incorporation | 3,650 | Incorporate a business in EU for banking contracts |
| EMI | 2,500 | To allow for receiving of PSP funds |
| PSP | 3,500 | Open PSP accounts for processing money transfers to and from gaming customers |
We can help you obtain your Curacao Gambling Company
What sets our service apart from others?
At iGaming Express, we specialize in obtaining your Curacao online casino license and offering a wide range of e-gaming options. Our services include sports betting, roulette, poker, blackjack, baccarat, bingo, and lottery offerings. We’ll guide you in setting up the required company structure for license registration, ensuring efficiency. Additionally, we help establish secure payment processing merchant accounts through reputable European EMI service providers, ensuring a convenient experience for your players. With iGaming Express, create a successful online casino in Curacao effortlessly.
Trusted by clients around the world
iGaming Express is a leading provider of Curacao Gambling Company Incorporation
There are several compelling reasons to choose iGaming Express for obtaining your gaming license:
- Vast Experience: iGaming Express has already secured over 40 Curaçao casino licenses for its customers, demonstrating a proven track record in the industry.
- Extensive Expertise: With almost two decades of experience in the gaming consultancy business, iGaming Express possesses in-depth knowledge and understanding of the licensing process and regulations.
- Speedy Licensing Process: The complete licensing process takes just 2-3 weeks with iGaming Express, allowing you to start your gaming operations quickly and efficiently.
- Cost-Effective Solutions: We have the ability to negotiate low-cost Curaçao gaming license fees, providing you with a cost-effective licensing solution.
- Simple and Smooth Process: Our licensing process is designed to be smooth and straightforward, minimizing any complexities or hurdles for you.
- Reliable Turnkey Solution: iGaming Express offers a reliable full turnkey solution, taking care of all the necessary steps to obtain your gaming license.
- Hassle-Free Experience: Choosing iGaming Express means you won’t have to worry about the intricacies of the licensing process – we handle it all for you.
- Personalized Account Manager: A dedicated professional account manager will be assigned to assist you throughout the licensing journey, providing personalized support.
- Additional Services: We go beyond just licensing; our assistance extends to helping you with opening bank accounts and payment service providers, streamlining your setup process.
With iGaming Express, you can trust in a competent and experienced partner to facilitate the licensing process and ensure a seamless experience, allowing you to focus on your gaming business’s success.
Curacao Gambling Company Application
Curacao Company Setup
In order to operate within the jurisdiction of Curacao for online gaming, it is required to have a local resident company, as stated in the legislation governing online gaming in the region. The Curacao Gaming Control board will only register a sub-license to a local entity, not to a foreign one. Curacao’s inclusion in the OECD safelist, as part of the Netherlands, dictates the type of companies that can be formed. With the assistance of iGaming Express, a BV holding corporation will be established, qualifying for registration in the E-Zone, allowing for taxation at the lowest possible rate of 2% on profits. The specific requirements to open an offshore company in Curacao are as follows:
- The company’s activities must be located in the E-Zone to qualify for the lowest tax rate.
- The company needs to have a registered address within the E-Zone.
- Registration in the Chamber of Commerce is mandatory.
- The company must have a resident director or appoint a local agent to manage its affairs.
Setting up a Curacao company involves providing details such as the company’s unique name, declaration of business type, directors’ information (citizenship, country of residence, and notarized copy of passport or official identification), and, if applicable, the same ID documentation for the appointed local agent. Additionally, the company beneficiary’s details, including ID documentation and a signed letter of intent, are required, along with proof of locality such as power and phone bills and bank statements.
Curacao Company Registration Procedure
The registration process for your Curacao company involves completing Know Your Client (KYC) information, submitting due diligence documentation to the Notary, registering with the Chamber of Commerce, and completing the registration with the Tax Authorities. iGaming Express will guide you through each step of this process, ensuring a smooth experience. Furthermore, their specialist team will handle any liaison related to acquiring and registering your gambling sub-license.
- Selecting the Company Type: The first step is to determine the type of company that best suits your business needs. Common choices include a BV (Besloten Vennootschap) or a NV (Naamloze Vennootschap), which are both private limited liability companies.
- Appointing Directors and Shareholders: The company must have at least one director and one shareholder, who can be individuals or corporate entities. Nominee directors and shareholders may be used to maintain confidentiality and ensure compliance with local requirements.
- Company Name Reservation: Choose a unique name for the company, and ensure that it is not already in use. The name reservation process is done through the Chamber of Commerce in Curacao.
- Legal Address: A local registered address in Curacao is required for the company’s incorporation and official correspondence.
- Memorandum and Articles of Association: Draft the Memorandum and Articles of Association, which outline the company’s structure, rules, and regulations.
- Share Capital: Decide on the share capital, and if required, make the necessary capital deposit in a local bank account.
- Due Diligence and KYC: Provide required due diligence and Know Your Client (KYC) documentation for all directors, shareholders, and beneficial owners as part of the incorporation process.
- Company Registration: Submit the necessary documents to the Chamber of Commerce in Curacao for company registration.
- Ongoing Compliance: After formation, the company must comply with local regulations, including filing annual financial statements, holding shareholder meetings, and maintaining proper corporate records.
Curacao Offshore Company Formation
Setting up a corporate banking structure inside Europe with an EU-based payment processing agent providing high-risk merchant account payment processing is crucial, as many banks lack knowledge of the online gaming industry and may be hesitant to open accounts for e-gaming companies. Curacao, being nominally part of the EU, is recognized by all European banks, allowing for the creation of a holding company in the EU banking domain. This holding company will serve as the legal entity controlling the essential financial accounts, including bank accounts, Electronic Money Institution (EMI) accounts, and merchant/PSP accounts. Curacao, while falling outside the EU taxation regulations, complies with global standards such as CTF (Counter-Terrorist Financing) and AML (Anti-Money Laundering).
Establishment of dedicated banking and merchant accounts
In the past, online gaming companies faced significant challenges in setting up specialized banking and merchant accounts to facilitate online payments. Due to regulatory scrutiny and their classification as high-risk enterprises, these companies encountered limitations in accepting payments from certain jurisdictions.
iGaming Express offers a solution to overcome these obstacles by creating a structured approach. This involves establishing a locally registered Curacao e-gaming company and obtaining its gambling sub-license. With this setup, a merchant account can be established anywhere within the EU, which acknowledges the legitimacy of Curacao e-gambling licenses while avoiding additional financial restrictions.
iGaming Express has successfully assisted numerous companies in setting up banking and merchant account facilities within the EU. This allows them to conduct online gaming activities based in Curaçao while enabling smooth credit card processing and secure movement of funds between customers and the e-gaming operator.
By providing a tailored and efficient approach, iGaming Express helps online gaming companies establish a robust financial infrastructure that complies with regulations and optimizes payment processing capabilities.
FAQ
A BV company operating in Curacao’s E-Zone currently benefits from a corporate tax rate of only 2%, with no restrictions on the distribution of dividends. To ensure the correct structure is in place right from the start, it is crucial to seek guidance from our experts throughout the process. As of now, there is no gambling tax in Curacao.
Among all the major online gaming jurisdictions, Curacao offers the most advantageous gaming tax provisions globally. Many international e-gaming operators face double taxation. They are first subjected to the GGR (gross gaming revenue) tax, which is levied on the net profit from actual gaming (bets minus payouts) and can be as high as 25%. Additionally, companies are taxed on their net profits (income minus expenditure), with rates sometimes exceeding 15%.
However, when companies are set up with our professional guidance and the proper corporate structure, they only pay a 2% tax on net profits. They can then distribute 98% of their earnings as tax-free dividends to shareholders, as Curacao does not levy any tax on gaming profits (GGR tax rate is set to zero).
The E-zone (economic zone) is a government-designated area within Curacao. Only companies engaged in export-oriented businesses are permitted to establish themselves in this economic zone. The customers of these companies must be located outside Curacao, which is also a requirement of the e-gaming sub-license, as access to Curacao residents is prohibited.
Yes, the applicability of VAT depends on the nature of the turnover, such as whether goods or services are sold, whether it’s a B2B or B2C transaction, and the level of sales in individual countries within the EU. Seeking advice from our experts is recommended, as the proper corporate setup can help avoid certain VAT issues.
The authority in Curacao maintains fair practice governance over online providers, keeping full paper audit trails of every player, including their personal details and movement of funds.
Do you need help obtaining the Curacao e-Gaming License?
Our experts can help you achieve obtaining the Curacao e-Gaming License.