Curacao Gaming License: Cost and Fees in 2022
By Space Coast Daily // March 11, 2022
One of the most frequently asked questions about the Curacao license is its cost. Naturally, future online casino providers want to know about all the fees before they dip their toes in these complex waters. For that reason, we’ve done all the necessary research to determine what you can expect when applying for a Curacao gambling license in 2022.
If you’re interested in finding out more, keep reading. We’ll tell you all about the costs and fees and go over some other important things regarding this gaming license.
Curacao Gambling License — Basic Info
You might not know a lot about Curacao, but we’re here to fill you in. Curacao is a small tropical island in the southern part of the Caribbean sea. Online gambling has been legal on the island since 1993, while the Curacao Gaming Control Board started operating in 1999. For the past 20+ years, the regulatory body has monitored all gambling activities in this jurisdiction.
With such a long history behind it, the Curacao gaming license has got to be among the most popular and sought-after licenses in the world today. There are many possible reasons for this, but we bet that the cost and fees are the main ones. Let’s examine that in greater detail in the following section.
What Is the Cost of a Curacao Gaming License?
The cost of the Curacao gaming license depends on a variety of factors. Some of those include the license’s demand at a particular time, the scope of services it intends to offer, and the size of the applicant’s business.
It’s hard to pinpoint the exact number, but the license cost is typically between $17,000 and $23,000. This price encompasses many things and is considered one of the most affordable licenses in the industry.
The Curacao gaming license covers the expenses of opening and maintaining a European banking account, an offshore company registration, hosting and servers rent, data storage services, consultation and management, and many more things.
What most applicants like to hear is that Curacao’s taxation system is fair. That means you don’t have to worry about high taxes once you start running your online casino. Corporate income and sales taxes are 2% and 6%, respectively. This also means that there is no added value tax or bet taxes.
What adds to the credibility of the whole endeavor is that Curacao has an excellent legislative system. On top of that, the island’s political stability is long-standing, so there are few to no concerns about possible issues in that regard.
Another thing that might interest you is the possibility of going through the process via a third party. A Curacao gaming license by GBO-licensing is a carefree solution for any applicant wanting to start their online casino website. If you want to sit back and relax during the whole ordeal, this is the right choice for you.
Types of Licenses
When it comes to license types, Curacao doesn’t offer many options. In fact, there are only two. However, obtaining one of those two licenses is highly unlikely. We’ll still present both choices to you to have a clear picture of what to expect.
Curacao offers two license types:
1. Master license — Only the Minister of Justice has the right to issue a master license. It is valid for five years, but only four master licenses have been issued in the last 20 years. Owners of master licenses allow the holder to conduct all gambling activities and also issue sub-licenses.
2. Sub-license — This license is the only one applicants worldwide can obtain. Its holders can conduct all gambling activities, the same as master holders, but cannot issue subsidiary licenses.
Make sure you gather all the necessary documentation before you apply because the process is extremely detailed, and even the slightest mistake might cost you your license.