The 2023 Curacao Gambling License Countries Restrictions
Get your 2023 list of Curacao gaming license countries restrictions from iGaming Express
In 2023, with a Curacao Gaming License, you can operate in various locations. Obtain the new Curacao gaming license through IGAMING EXPRESS’s gaming experts and take advantage of our extensive global network of gaming-friendly banks and payment processors.
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.
iGaming Express leads the Curacao gaming licenses industry, offering comprehensive services such as licensing, gaming company formation, legal and corporate assistance, backed by years of experience and a proven track record of success.
Our readiness for the new regulation and licensing procedures is unwavering. Curacao will introduce new types of gaming licenses in the summer of 2023:
- B2C Curacao gaming license: This novel license is designed to be adaptable, cost-effective, and fully supportive of the needs of gaming professionals.
- B2B license in Curacao: Tailored for service providers seeking to legally offer their services to other gaming operators, fostering industry expansion.
With over twelve years of experience in Curacao and other countries, we take pride in having served numerous satisfied customers. In just a few weeks, and at a minimal cost, we will ensure you are fully prepared for launch. Trust our expertise in dealing with the Gaming Control Board; we are dedicated to guiding you through all the necessary steps.
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Which countries can the Curacao license operate in?
A gaming license typically grants permission for operations only within the country where it was issued. This limitation is reasonable since one country cannot dictate which licenses another country should accept. The Curacao license falls under this category as a licensing jurisdiction.
In which countries is online gambling legal?
Online gambling is generally permissible in the majority of the 200+ countries worldwide unless specific laws explicitly prohibit it.
The restrictions on countries covered by the Curacao gambling license fall into four main categories:
- Some countries completely prohibit online gambling for their citizens, regardless of where the e-gaming operation is based. Such countries include the United Arab Emirates, Brunei, Cambodia, North Korea, Japan, Singapore, Cyprus, and Qatar.
- Numerous other countries forbid access from their territories to foreign online gaming websites to protect their local gaming operators. This group includes Georgia, Sri Lanka, Austria, Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Italy, Poland, Romania, Spain, the UK, USA, and Panama.
- In certain countries, prohibitions apply only within their own jurisdictions, preventing citizens from engaging with local operators. Examples of such countries are Greece, Hungary, Ireland, Latvia, Lithuania, Macedonia, Moldova, Monaco, Norway, Montenegro, Portugal, San Marino, Slovenia, Sweden, Switzerland, Canada, Dominica, and the Dominican Republic. However, there are no restrictions preventing them from engaging with a Curacao-based online gaming operator.
- Curacao itself prohibits access to its own citizens, and there are specific countries with treaties that impose restrictions on online gambling within Curacao. These countries include the USA, the Netherlands, France, Dutch West Indies, and Australia.
License holders are responsible for ensuring that customers do not access the Curacao gaming operation from prohibited jurisdictions. The Curacao Gaming Control Board conducts regular checks as part of the AFL/CFT supervision for all gaming sectors operating in and from Curacao, including the online gaming sector.
Which authority regulates Curacao gaming companies?
In 2018, the government of Curacao entrusted the regulation of the online gaming sector to the Curacao Gaming Control Board (GCB). The GCB now serves as the AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) supervisor for all gaming sectors, including online gambling.
Is it legal to operate a Curacao gaming company without a license?
The Curacao government issues a single license that covers all types of gambling services. Operating a gaming company from within Curacao without a valid license is illegal.
Is online gambling legal in Curacao?
Online gambling is prohibited for citizens of Curacao. The island does have several land-based casinos, but there are restrictions based on age to prevent individuals under the age of 21 from gambling. The Curacao Gaming Control Board fulfills the role of the AML/CFT supervisor for all gaming sectors operating within and from Curacao, which includes the online gaming sector. As part of its responsibilities, the board maintains blacklists of prohibited operators and players.
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 New Curacao B2C and B2B 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.
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.
Introduce the new Curacao Gambling Licenses
In essence, a gaming license grants permission to operate exclusively within the country where it was issued. This is a reasonable approach since each country maintains its sovereignty in determining which licenses it accepts. The Curaçao license serves as an example of such a licensing jurisdiction.
Explaining the new B2C gaming license in Curacao
The New B2C Curacao gaming license is a fresh addition available to online gambling companies based in Curacao. It stands out for its adaptability and responsiveness to the needs of gaming professionals, offering a more streamlined application process and a lower entry cost. The B2C license comes with an array of services and support, encompassing banking and payment processing assistance, technical support, and legal and compliance guidance. It aims to provide gaming professionals with a straightforward and cost-effective means to establish and run their own online gambling platforms.
Explaining the new B2B gaming license in Curacao
Curacao has introduced a novel gaming license catering to businesses that offer services to other entities within the gaming industry. B2B license holders can legally provide their services to online gaming operators who hold a valid Curacao gaming license, without needing a gaming license of their own. This license can be advantageous for businesses engaged in activities such as game and software development, affiliate programs, and similar services, potentially saving them costs. The B2B license ensures these companies can operate and expand securely in a regulated environment. Its goal is to establish a functional and adaptable licensing framework for service providers in the online gaming sector, fostering industry growth and advancement.
Curacao is renowned for providing e-gaming licenses to companies based within its jurisdiction, and it is considered one of the top jurisdictions for e-gaming licenses. An advantage of Curacao e-gaming licenses stems from its history as part of the Dutch Antilles, maintaining a unique status as an autonomous Dutch territory, offering benefits similar to the EU without the high taxes of Europe. The regulation of land-based and e-gaming activities falls under the Curacao Gaming Control Board, responsible for issuing e-gaming licenses.
The Curaçao Gaming Authority (CGA) serves as the governing body responsible for regulating and overseeing the gaming industry in Curaçao, a Caribbean island nation. Its primary role is to issue licenses to various gaming operators, including online casinos, sports betting companies, and other gaming enterprises.
To obtain a license from the CGA, gaming companies must meet specific requirements, which include:
- Maintaining a physical presence on the island of Curaçao.
- Ensuring a board of directors that is deemed suitable and competent to carry out its responsibilities.
- Possessing adequate financial resources to sustain operations.
- Implementing appropriate policies and procedures to prevent money laundering and other illicit activities.
- Furnishing the CGA with all relevant information and necessary documents as requested.
The CGA is also empowered to monitor the activities of licensed gaming operators and, if necessary, take corrective action to ensure compliance with the relevant laws and regulations. This may involve suspending or revoking licenses, imposing fines, or implementing other measures as needed.
The CGA enforces the Gaming Act, which outlines the licensing requirements, regulations, and guidelines for gaming activities in the country. Additionally, it acts as an intermediary between operators and players, ensuring fair play and responsible gaming practices.
It’s essential to note that the gaming industry’s regulation is a dynamic field, and the requirements for obtaining and maintaining a CGA license may evolve over time. Therefore, gaming companies should remain updated on the latest developments in this domain.
As a licensing jurisdiction, Curacao is authorized to issue online gambling licenses solely to companies within its own jurisdiction. A single Curacao license covers all forms of online gaming, eliminating the need for multiple licenses for each game offered online. Furthermore, the Curacao e-gaming license does not restrict from which countries an online gaming operation can accept customers. With a Curacao online gambling license, operators can accept play
Where is the Curacao gaming license valid?
The Curacao gaming license holds recognition in various countries across the globe. However, the legality of online gaming can vary significantly from one country to another. It is advisable to check with local authorities to ascertain the specific requirements and regulations related to online gaming in a particular jurisdiction.
In general, a Curacao gaming license is considered valid and reputable for online gaming businesses in countries where online gaming is legal and well-regulated. Nonetheless, some countries may require operators to hold a local license in addition to the Curacao gaming license.
It’s essential to note that the acceptance of a Curacao gaming license may also depend on the specific type of online gaming business being operated. For instance, certain countries may have specific regulations or prerequisites for online sports betting or online casinos.
To determine the validity of a Curacao gaming license in a particular country, seeking advice from local authorities or legal experts is recommended. Staying informed about the regulations in each jurisdiction ensures compliance and a smooth operation for gaming businesses.
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.
Application Process
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.
We can help you obtain your Curacao Gambling License
FAQ
– Thriving Online Gaming Industry: Curaçao is highly regarded for its online gaming business. IGAMING EXPRESS has extensive experience in establishing Curacao eGaming operations and can provide comprehensive assistance in setting up the necessary corporate infrastructure, sourcing the best gaming platform, obtaining the required Curacao licensing, and establishing essential banking, payment processing, and merchant accounts for a fully operational casino.
– Special Legal and Financial Privileges: Curaçao enjoys unique legal, banking, and finance rights and privileges. In 2010, when the Netherlands Antilles dissolved, Curaçao chose to remain a constituent within the Kingdom of the Netherlands. As a result, its corporate laws were derived from and still closely align with EU regulations, offering significant benefits for businesses.
By utilizing a Curacao Gaming license, online gaming companies can take advantage of a favorable regulatory environment, multilingual support (Dutch, English, and Caribbean dialect), and ease of banking within the EU. Establishing and managing a company in Curacao is streamlined, making it an attractive jurisdiction for the gaming industry.
Overall, a Curacao Gaming license provides a strong foundation for online gaming businesses, combining legal protection, financial advantages, and access to a thriving market in the Caribbean.
Curacao offers streamlined banking processes, making it easier for businesses to operate:
– Acceptance by EU Banks: Banks within the European Union (EU) can readily accept corporate customers based in Curacao. They provide essential banking features such as payment processing facilities, IBAN accounts, and other necessary services required by a modern online casino.
– Multilingual Advantage: Curacao boasts three official languages – Dutch, English, and the Caribbean dialect. This linguistic diversity significantly facilitates the establishment and management of companies in Curacao. Unlike some jurisdictions in Eastern Europe that only accept their native language for company registration and reporting, Curacao’s multilingual environment offers greater accessibility and ease of business operations.
Establishing a corporate entity in Curacao is straightforward and comes with several advantages:
– Simplified Corporate Structure: Limited liability companies in Curacao are designated with the legal entity abbreviation N.V., similar to those in the Netherlands. The same general rules that apply in the Netherlands regarding company management and distribution of profits also apply to Curacao-based companies. This uniformity makes it easier to navigate business operations.
– Flexible Profit Distribution: A Curacao gaming company has the flexibility to declare net profits as dividends or retain them in accumulated profits for future distribution. Dividends from Curacao companies are taxed at the same rate as dividends on all EU corporations, providing tax benefits.
– Low Corporate Tax in e-Zone: N.V. companies registered in the e-Zone, a designated area for business development, enjoy the advantage of a low corporate tax rate of only 2% on profits. This incentivizes business growth and profitability within this specially designated zone.
– No VAT on Gaming Revenue: Unlike in some other jurisdictions, Curacao does not impose Value Added Tax (VAT) on gaming revenue. This further contributes to a more cost-effective licensing process for online casinos.
Additionally, a noteworthy advantage for a Curacao online casino is that it only requires a single gaming license to offer various gaming activities such as Blackjack, Slots, Video games, Poker, and Lotto. This unified licensing approach reduces the overall cost of obtaining a Curacao license compared to jurisdictions where separate licenses are needed for each individual activity. With iGaming Express’s expertise, your holding company can fully capitalize on these benefits right from the outset.
Curacao offers operator-friendly gaming regulations, backed by a robust IT infrastructure:
– Advanced IT Infrastructure: Curaçao provides online gaming operators and providers with a comprehensive range of services through its advanced IT infrastructure. This includes high-capacity private racks, private cloud services, customized servers, and various hosting options. Such a well-developed IT ecosystem ensures smooth and efficient operations for gaming businesses.
– No Betting Tax: Unlike many other countries, Curacao does not impose any betting tax on casino operators. In places like Sweden and the UK, gaming taxes can be substantial, with operators required to withhold a portion of their customers’ winnings. However, in Curacao, there is no tax on net gaming revenue. Instead, the focus is on corporate profits, resulting in a more favorable tax environment for online gaming businesses.
Overall, Curacao’s operator-friendly gaming regulations and tax policies make it an attractive jurisdiction for online gaming operators seeking a conducive and cost-effective environment to run their businesses.
The disadvantages of the Curacao gaming license are minimal, primarily centered around the relationship between master license holders and sub-license holders:
– Dependency on Master License Holder: Sub-license holders are dependent on the master license holder for their validity and rights to operate e-gaming activities. Only the master licensee has the authority to issue sub-licenses, and the validity of sub-licenses is tied to the status of the master license.
– Limited Availability of Master Licenses: Master licenses are granted at the discretion of the Minister of Justice, and obtaining a new master license is not possible. This limited availability can create a barrier for new operators seeking to acquire a master license.
Despite these minimal disadvantages, sub-license holders still retain the same rights as the master licensee to perform legitimate e-gaming activities as long as the master license remains valid. Overall, while there are some limitations related to the master-sub license structure, the Curacao gaming license remains a viable and popular choice for online gaming operators.
There are only a few countries from which players cannot access a Curacao online gambling site due to specific restrictions on the validity of the Curacao gaming license. These countries include the USA, France, Australia, the Netherlands, and Curacao itself. Players from these restricted countries cannot participate in online gambling activities offered by a Curacao licensee.
However, beyond these restricted countries, there are no additional oversight restrictions on the validity of the Curacao gaming license for other nations. All registered online casinos, including those operating under the Curacao license, are required to adhere to standard KYC (Know Your Customer), AML (Anti-Money Laundering), and CFT (Counter Financing of Terrorism) regulations, which apply to players from around the world.
It is essential to note that the responsibility of ensuring compliance with these regulations falls on the casino operators. They are not obliged to trace players accessing their websites via VPN connections or registering from neutral countries that are not explicitly restricted by the Curacao gaming license.
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