The 2023 Curacao Gambling License Fees
Get your new Curacao gaming license through us and enjoy the best price and service.
iGaming Express provides comprehensive turn-key solutions, including Curacao gambling licenses for B2B and B2C operations, company formation services, assistance with bank account setup, legal support, and everything else you require for a smooth 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 firstname.lastname@example.org or contact us on WhatsApp below.
If you’re planning to establish your own online casino in the sought-after jurisdiction of Curacao, iGaming Express can be your invaluable partner with extensive experience and expertise. Having successfully obtained more than 40 licenses in Curacao, we are well-equipped to guide you through the process of acquiring the license and setting up your corporate structure. With over 10 years of experience specifically in Curacao, we have served numerous satisfied clients. Within just a few weeks and at a minimal cost, you’ll be fully prepared to launch your online casino.
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How to obtain the Curacao gambling license in 2023?
Obtaining a Curacao gaming license in 2023 involves the following steps:
- Incorporate your Curacao company.
- Submit all required license documents and company paperwork.
- Make the necessary payments for company formation and license fees.
- Wait for approximately 4-6 weeks until the license is ready for implementation.
After completing the regulation timeline, you’ll have additional tasks such as opening bank accounts, setting up merchant accounts, finding an online casino white label solution, opening a gaming bank account, marketing, and more. But don’t worry; iGaming Express will assist you in handling all these aspects.
To apply for the Curacao gaming license, your company must provide various documents proving its residence in Curacao, along with credentials and identities of company officials and owners. iGaming Express will handle the submission of these documents on your behalf and guide you through any specific requirements based on your circumstances.
Please be aware that the jurisdiction of Curacao is undergoing significant changes to its online gambling licensing regime. Operators will be required to apply for a Master License from the government, and existing sub-licenses will need to be integrated into the new system.
The new licensing system will also introduce higher barriers to entry, with an increased price for the Master License and more stringent requirements for license holders, such as maintaining a higher share capital. These changes are expected to be implemented from September 2023 with a transition period until 2025.
What is the price of a Curacao gambling license?
|Compliance, KYC, and UBO audit
|Incorporate a company in Curacao
|Negotiated from Curacao Master License Holder
|Search for accepting banks within the EU
|Incorporate a business in EU for banking contracts
|To allow for receiving of PSP funds
|Open PSP accounts for processing money transfers to and from gaming customers
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 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.
Document Submission and Guidance for Curacao Gaming License Application
To apply for a Curacao gaming license, a company must provide certain documentation to establish its residency in Curacao, demonstrate its good business standing, and present credentials of its owners and managers. These necessary documents will be handled by iGaming Express, acting on your behalf. The specific requirements may vary depending on your situation, but iGaming Express will guide you through the appropriate steps for each case.
Here is a list of the required documents:
- Proof of Identity: Certified copies of the passport(s) of the company’s UBOs (Ultimate Beneficial Owner(s)) and other officers.
- Proof of Address: Recent utility bills (Electricity, landline telephone, TV, Cable) or a bank statement not older than three months. Alternatively, an official government correspondence showing the company’s street address (not POB) can be provided.
- Bank Reference Letter: A formal letter on the bank’s official letterhead, addressed to “To whom it may concern,” and signed by a bank representative, including their name and position.
- Professional Reference Letter: A reference letter from a registered Lawyer or Accountant with whom you have had a business relationship for at least two years. The letter should be in English, include their name and position, and be signed.
- Software Agreements: A comprehensive list of all current Gaming software agreements, providing the supplier’s name and business address.
iGaming Express will assist you in compiling and submitting these necessary documents based on your specific requirements for obtaining the Curacao gaming license.
Your company bears full responsibility for covering all expenses associated with the production of these documents, including any costs for translation and notarization, if deemed necessary.
Annual and Recurrent Curacao License Fees
Each year, there is a need to renew corporate and gaming licenses. The estimated costs for renewal are provided in the table below. Additionally, depending on the extra services required from IGAMING EXPRESS, there might be other annual charges.
Company License Renewal: 4,000 – 6,000 (Lodged with the Curacao registrar)
Gaming Sub-License Renewal: 10,000 – 13,000 (Payable to the Master license holder)
Types of Curacao Gambling Licenses:
The two primary types of Curacao gambling licenses are business-to-business (B2B) and business-to-client (B2C) licenses.
Curacao Gaming License B2B: This license is suitable for software and service providers catering to the online gaming industry. Businesses with a B2B license can legally sell their products to other licensed operators without needing a separate permit. It offers financial benefits to those who want to avoid the time-consuming and costly process of obtaining their own license.
Curacao Gaming License B2C: For businesses providing online gaming services directly to customers, the B2C license is required. To obtain this license, companies need to meet prerequisites like having a physical presence on the island, offering safe and fair games, and demonstrating financial stability. Once acquired, businesses can legally offer online gaming services to customers worldwide.
Discover the Allure of Curacao for Online Casinos
If you are searching for the perfect location to establish a fully legal and reputable online casino, look no further than Curacao. As one of the oldest and most renowned gaming jurisdictions globally, Curacao boasts over 1,500 licensed online casinos, making it a sought-after destination for gaming ventures. Obtaining a Curacao online gambling license comes with several advantages, including affordability and straightforward annual maintenance costs.
Benefits of Curacao Licenses
- Tax Advantages: Owners of Curacao-licensed casinos enjoy the perks of no Value Added Tax (VAT) and a low corporate income tax. Moreover, there are no taxes levied on bets, providing a favorable financial environment.
- Progressive Legislative System: Curacao has a history of political stability and a forward-thinking legislative framework, making it an attractive choice for online gaming companies.
- Established Infrastructure: The island offers high-quality telecom and internet facilities, supporting smooth and efficient online operations. Additionally, Curacao has a well-established financial services industry.
Curacao’s licensing advantages are detailed below:
Issuance of Curacao Gaming License
The Curacao Gaming Control Board (GCB) is the regulatory body responsible for issuing gaming licenses in Curacao. The online gaming industry was legalized in 1993, with licenses being issued by the Minister of Finance. Subsequently, the GCB was designated as the regulator for the online gaming sector and appointed as the AML/CFT supervisor for all gaming sectors in Curacao.
Types of Curacao Licenses
There are two main types of Curacao licenses:
- Curacao Master Licenses: These licenses are valid for five years and have been issued sparingly by the Minister of Justice since 1996.
- Curacao Sub-Licenses: Owned by holders of master licenses, sub-licenses remain valid as long as the master license is active. Currently, only sub-licenses are issued, and companies based in Curacao are eligible to obtain them.
iGaming Express can negotiate favorable prices for sub-licenses from master license holders.
Establishing Global e-Gaming Respect
Around the world, online gambling businesses are regulated by Gaming Control Boards or independent government bodies. These bodies have the authority to adjudicate civil cases related to gambling license regulations. Additionally, the International Association of Gaming Regulators, a voluntary international standards group, promotes effective gaming regulation through cooperation and liaison.
To gain a solid reputation in the global e-gaming industry, carefully consider the reputation of the country where your casino is based. With Curacao’s long-standing gaming history, progressive regulations, and established infrastructure, it stands out as an excellent choice for a reputable online casino venture.
Curacao’s Gambling Reputation and Advantages
Curacao holds a prominent position in the gambling world, backed by its own gaming authority, the Curacao Gaming Control Board. As an esteemed regulator of online gambling, it oversees the Curaçao gaming license requirements. With strong ties to the Netherlands and an independent constitutional government since 2010, Curacao enjoys a unique status as part of the EU without being in Europe, providing benefits without heavy taxing.
More than 1,500 companies have already chosen the Curacao betting license, demonstrating the demand for this jurisdiction and offering a robust platform to launch successful internet gaming sites. With determination and hard work, operators can excel and become industry leaders in the global markets.
Eligibility of Players on Curacao Online E-Gaming Sites
Curacao benefits from its EU status, allowing most EU members and external European countries, including EEC countries, to gamble on sites hosted there. However, there are a few restricted countries, such as Curacao itself, Belize, the UK, the USA, and some EU countries like Germany, France, and the Netherlands.
Cost of a Curacao E-Gaming License
Curacao offers two types of licenses: Master licenses, valid for five years and limited in number, and Sub-licenses, linked to a master license and valid as long as the master license is active. Currently, only sub-licenses are available, permitting various gambling activities. The Curacao gaming license is affordable compared to other established gaming jurisdictions, with a price around €20,000. It covers all types of games, including online casinos, slots, sports betting, eSports, lottery, and games of skill and chance.
Corporate Setup for Gambling Operators in Curacao
For e-gaming companies, a corporate setup in Curacao requires five essential components:
- A Curacao-registered company holding an e-gaming sublicense.
- A bank account accommodating high-risk payment processing companies.
- A merchant account/payment service provider (PSP) optimized for i-gaming payment processing.
- Associated EMI accounts channeling PSP transactions.
- A holding company in the EU banking domain as the legal entity overseeing necessary financial accounts.
- Gambling and Corporate Taxes in Curacao
Curacao imposes 0% tax on gross gaming revenue, making it one of the world’s lowest tax rates. Properly setting up the corporate structure allows operators to pay a minimal tax rate of just 2% on net corporate profit.
Banking and Payment Service Provider Services for Curacao Online Casinos
Unlike many high-risk e-gaming companies rejected by banks, Curacao’s reputation allows for successful operations. Additionally, its association with the EU positively impacts business operations, making it possible to set up the corporate banking structure within Europe. With expert assistance, operators can access EU-based payment processing agents and high-risk merchant account facilities for credit card transactions.
Step-by-Step Guide to Obtaining Your Curacao Gaming License with iGaming Express
- Incorporate and Register a New Company in Curacao: Establish a new company in Curacao as the starting point for your gaming operations.
- Incorporate a Holding Company in the EU: Create a holding company in the EU for banking and payment service provider (PSP) accounts, or use an existing company for banking purposes.
- Purchase a Sub-License from a Master License Holder: Acquire a sub-license from a Master License holder, which allows you to conduct various gambling activities under their umbrella.
- Register Your Casino at CIGA: Register your casino with the Curacao Internet Gaming Association (CIGA) to comply with additional regulations.
- Expedited Approval Process: With iGaming Express’s expert service, approval can be achieved in a shorter timeframe, typically within six weeks.
- Open EMI/Merchant/PSP Accounts: Establish EMI (Electronic Money Institution), Merchant, and PSP accounts for efficient payment processing.
Obtaining a Gaming License in Curacao
To obtain a gaming license in Curacao, operators must apply to the Curacao Gaming Control Board (GCB), the government agency responsible for regulating the gaming industry. The application requires demonstrating financial stability, technical and operational capabilities, and compliance with relevant laws, including anti-money laundering and anti-fraud provisions. Regular license renewal and ongoing regulatory compliance are essential for maintaining the license.
Curacao eGaming Regulatory Body
Curacao eGaming is an independent regulatory body responsible for issuing and overseeing online gaming licenses. It regulates various areas such as online casinos, sports betting, and lottery systems. Companies seeking a Curacao eGaming license must meet specific requirements, including physical presence in Curacao, clean financial history, and commitment to fair play and responsible gaming. The license is recognized in several countries as a reputable license for online gaming businesses.
Obtaining a Curacao betting or casino license involves a straightforward procedure. Applicants must submit an application, along with necessary documents and fees, to the government of Curacao. The submitted application undergoes a thorough review process, during which the government may request supplementary information if needed. Once approved, the government issues the license and provides instructions on its proper usage.
It is important to note that the legal status and regulations surrounding online gaming can differ depending on the jurisdiction. Therefore, it is essential to verify the specific requirements set by local authorities to ensure compliance with the appropriate regulations.
Curacao stands out as a favored choice among online gamers due to its prominent reputation, which stems from the fact that the CIGA (Curacao Internet Gaming Association) acts as a stringent regulator, ensuring player protection and encouraging ethical dispute resolution measures. The authority diligently maintains fair governance over online gaming providers, preserving full paper audit trails for each player, including their personal information and transaction history.
To acquire a Curacao gaming license, you must fulfill the following requirements:
• Be the owner of a company registered and based in Curaçao.
• Appoint a local director or representative.
• Publish a comprehensive description of the games of chance to be offered.
• Disclose the rules for using the website.
• Possess ownership of an internet domain.
• Operate at least one physical server owned by the company located in Curaçao.
• Adhere to Anti-Money Laundering (AML) procedures for all players.
• Allow for the auditing of all gaming systems and software.
• Sign a commitment not to register individuals under the age of 18, residents of the United States, the Netherlands, Curaçao, and other island territories.
The licensing cost is determined through negotiations with the owner of a Curaçao master gaming license. Due to high demand, driven in part by the global pandemic leading more people to turn to online gaming, the license cost may vary and is likely to increase. It is advisable to obtain your license at the earliest opportunity. At iGaming Express, we have established longstanding relationships with master license holders and will always strive to negotiate the most favorable price for our clients.
To operate an online gaming website based in Curacao, owning a Curacao gaming sub-license is essential. This sub-license grants you the authorization to provide a comprehensive array of e-gambling services, encompassing online poker, baccarat, slot machines, sports betting, lottery, and more.
Our expert team can handle all the required processes to acquire a Curacao gaming license, as it’s only granted to companies registered in Curacao. We can assist with setting up your company, managing payments, and establishing banking accounts.
To apply for a sub-license, your company must meet specific essential criteria, which include:
• Full compliance with Due Diligence and KYC procedures.
• Complete identification of the Ultimate Beneficial Owner(s) (UBOs) of the company.
• Satisfactory references related to the UBOs.
• A comprehensive and transparent description of the games that will be offered.
Once these criteria are met, your company can proceed with registering its sub-license, enabling you to conduct internet gambling operations in Curaçao.
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