The 2023 Curacao Gambling Laws & Regulations
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iGaming Express is a leading turn-key solutions provider in the bustling Curaçao gambling sector. With an in-depth understanding of the unique gambling landscape in Curaçao, they deliver end-to-end solutions, tailored to fit the specific needs of operators in the region. Their services range from licensing assistance to software provision, compliance, and marketing solutions.
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.
One of iGaming Express’s strengths is their comprehensive understanding and explanation of Curaçao’s gambling laws. They guide their clients through the complexities of the local gambling regulatory framework, simplifying the process of compliance and operation. Whether you’re a new entrant or an established operator looking to navigate the Curaçao market, iGaming Express offers the essential tools and knowledge to succeed in this dynamic environment.
As the world of online gambling continues to flourish, destinations that offer friendly regulatory environments for gaming operators are coming under the limelight. One such location is the beautiful island nation of Curaçao. Nestled in the southern Caribbean Sea, Curaçao not only boasts beautiful beaches and tropical weather but also a thriving hub for the online gambling industry, thanks to its advanced, well-structured, and flexible gambling laws.
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Understanding Curaçao Gambling Laws and Regulations
Curaçao’s gambling laws are a product of over two decades of evolution, experience, and adjustments to international norms and standards. In fact, Curaçao was one of the first jurisdictions to regulate online gambling, starting as early as 1996. The legislation was designed to provide a robust framework for operators while ensuring a high level of player protection.
The island issues a single license that covers all forms of games of chance and wagering, including sports betting, casinos, lotteries, games of skill, and other forms of digital gaming. This means that operators can offer multiple services under one roof, increasing their reach and profitability while ensuring regulatory compliance.
What are Curacao gambling laws?
Curaçao has a well-established and legalized online gaming sector, with its foundations firmly laid since 1993. This came into effect following the enactment of the National Ordinance on Offshore Games of Hazard. The Minister of Justice initially held the responsibility of issuing online gaming licenses through national decrees. However, this responsibility has recently been transferred to the Minister of Finance, who is also in charge of overseeing the online gaming sector.
In a significant move towards a more robust regulatory framework, on December 18, 2018, the government declared its intention to assign the regulation of the online gaming sector to the Curaçao Gaming Control Board (GCB). Consequently, on February 15, 2019, the GCB was designated as the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) supervisor for all gaming sectors operating within and from Curaçao, which also encompasses the online gaming sector.
Curaçao’s Online Gaming License Regulations
The licensing and regulation of Curaçao’s online gaming industry operate under the National Ordinance on Offshore Games of Hazard (Landsverordening buitengaatse hazardspelen, PB 1993, no. 63). These gaming regulations ensure that the industry adheres to a high standard of practice while providing comprehensive guidelines for those wishing to venture into the thriving online gaming business in Curaçao.
What is the price of a Curacao gambling license?
| 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 License
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.
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iGaming Express is a leading provider of Curacao Gambling License services
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.
Why Curaçao is an Attractive Destination for Operators
Apart from the all-encompassing gaming license, Curaçao offers several attractive propositions for operators:
- Ease of Licensing: The application process for a Curaçao gaming license is straightforward and relatively quick, usually taking around 2-4 weeks. The process requires submitting a range of documents, including business and financial plans, software agreements, and details of games offered.
- Cost-Effective: Curaçao offers one of the most cost-effective licensing solutions in the market. The initial set-up cost is reasonable, and there’s a low annual license fee, making it an attractive proposition for both start-ups and established operators.
- Favorable Tax Structure: Curaçao has one of the most attractive tax structures in the world, with a low corporate tax rate and zero VAT. Moreover, gambling winnings are not taxed, making it a lucrative option for players as well.
- Quality Infrastructure: Curaçao provides state-of-the-art IT infrastructure and data protection laws, ensuring operators can deliver secure and reliable services to their customers.
Player Protection under Curaçao Gambling Laws
While Curaçao offers an attractive environment for operators, it also places a high priority on player protection. Operators must display a validation seal on their websites, ensuring transparency and proving their legitimacy to their customers.
Additionally, operators must segregate player funds from operational funds, ensuring players’ money is safe even if the operator encounters financial difficulties.
The Future of Curaçao’s Gambling Laws
Curaçao’s flexible and supportive gambling environment is being continually refined to meet the ever-evolving landscape of online gaming. The government is committed to maintaining a balance between attracting reputable operators and ensuring player protection, thereby securing Curaçao’s position as a leading hub for the global online gaming industry.
In conclusion, with its comprehensive licensing, attractive economic conditions, high-level of player protection, and commitment to adapting to future trends, Curaçao is set to remain a preferred destination for operators in the online gambling industry. As a prospective operator or a player, understanding the paradise that is Curaçao’s gambling laws will allow you to confidently navigate this vibrant landscape.
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