How to Get a Curacao Gaming License in 2025 Amid New AML Requirements Law and Finance
Ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. Submit the relevant documentation to verify compliance with these standards. Open a local bank account in Curacao and demonstrate sufficient financial reserves to support your business operations. Curacao faces challenges such as balancing regulatory improvements with maintaining its appeal to operators and ensuring compliance without overburdening resources. Non-compliance can lead to fines, license revocation, or reputational damage, which could be detrimental to your business.
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I saw operators and platforms licensed under Curacao start making headlines for all the wrong reasons. And I would say you couldn’t have missed it, because it wasn’t just any other platform. It technically had a legal backbone called the National Ordinance on Offshore Games of Hazard, but in practice, it felt like a total free pass for casino operators.
- Each region may have specific requirements that could impact your licensing needs.
- Curaçao’s 2025 gaming license is the fastest and most cost-effective way to get online.
- It’s positioned down in the footer and gives you a full overview of every method they accept in a single click.
- I saw that they also can’t apply with vague placeholder websites.
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Created especially for the gambling business operators, the Curacao license reasonably includes all features new startups and experienced operators require. It goes without saying that the Curacao license is a one-size-fits-all kind of license. It covers all gaming activities possible, such as eSport, online casino, games of chance, sport betting, online poker, lotto, bingo, live table games, online poker, as mentioned above.
For local companies with substance in Curacao, the tax will be 0% on all foreign income, and you can also not pay VAT. However, for all other companies, the tax will be 22%, and for work within the island, you will need to pay VAT. Curacao issues both B2C and B2B licenses, currently on a voluntary basis. You can get a license for a cryptocurrency casino, a skin casino, which does not require an account at all. The Curaçao lottery sector is licensed and regulated through the Lottery Ordinance 1909 (Loterijverordening 1909, AB 1965, no. 85, z.g.) and its bylaws. The Lottery Ordinance 1909 regulates the Wega di Number (Numbers Lottery, Pick 2, 3 and 4), Lotto, Scratch Lottery and Lottery of Goods.
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Additionally, the GCB may request documents from the company’s director, as well as details of the software agreements with providers. As soon as you start the process of registering with your company, you will require a full set of documents. Then, in 1999, the Curaçao Gaming Control Board (GCB) was launched to regulate the entire gaming industry in this location. By 1996, the government introduced the Gambling License Authority to issue gambling permits and monitor the industry for compliance. The country has been issuing licenses since 1996, making it one of the oldest in the iGaming industry. You are allowed to perform business activity for all countries except Curacao itself (and other regions of Netherlands Antilles), the USA, France, Netherlands, Australia and Germany.
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To that end the GCB is the designated supervisor and has been mandated the authority to issue, revoke and suspend casino licenses on Curaçao, as well as the accompanying personal licenses. Monika Gola is a seasoned writer at PieGaming specializing in the iGaming industry. With years of experience, she delivers insightful content on trends, innovations, and strategies in the online casino domain. Monika’s work is known for her clarity and depth, making complex topics accessible and easy to understand to a wide audience.
And when those casinos started scamming players or disappearing overnight, the whole license started to look bad, even for the legit ones trying to do things properly. Yes, a business plan is an essential document for obtaining the license. It should outline how you plan to operate, your financial forecasts, strategic goals, and policies related to security and AML compliance.
Only time will tell how the changes we’ve covered will influence the online gaming industry and Curacao overall. We predict that strengthened transparency and security will boost trust among players and thus benefit the Curacao-certified operators. Operators must adapt to evolving regulations, which may involve increased operational costs and stricter compliance requirements. The state actively suppresses questionable gaming sites while promoting transparent and secure gambling environments. These measures position Curaçao as a leader in responsible gaming practices within the global online gambling industry.
The Curacao gaming license is a historically established type of https://www.eboc.hu/ license with a strong reputation. There are other less specific ones which are applied to every other license obtained. They include the KYC policies, some basic operational and technical requirements. Please, feel free to contact our experts for receiving more detailed information and the individual consultancy for your company’s specific needs. The Curacao gambling license is one of the most sought-after gambling solutions for particular reasons.
The registration requirements involve multiple stages of document submission and verification through the Gaming Control Board’s digital portal. The application procedures mandate thorough documentation, from personal identification to technical certifications. Applicants must ensure completion before master licenses expire in August 2024. The GCB, established in 1999, serves as the primary regulatory authority for gaming regulations in Curacao.
The Curacao license is one of the best options for a wide geographical company presence. A thoroughly created marketing analysis and plan are necessary for a broad market understanding and estimation of your future expenses and strategies. The popularity of your gambling platform depends on the accuracy of the customers’ needs figuring out and standing out as an attractive company among other market representatives. Choose the gaming options you want to provide your customers with. The gaming content used on your platform should obligatory be verified.
The process of obtaining a Curaçao license typically takes from a few weeks to several months, depending on the completeness of the submitted documentation and the time required for verification. Operators must provide more detailed information about their clients (KYC), regularly report transactions, and undergo mandatory audits to confirm compliance with AML standards. Once the license is approved, operators pay EUR 2,050 monthly and an annual fee of EUR 24,530. Despite the increase in annual fees, reduced monthly charges lower the total annual cost to approximately EUR 55,000, compared to the previous EUR 63,000. Operators’ gaming systems and online casino software undergo a technical audit, and the games must have an RNG certificate. The license restricts registrations from anyone under 18, US citizens, and individuals from the Dutch Antilles.
I mean, I saw sites go live for what felt like pocket change compared to other jurisdictions. It’s still not expensive, but it’s definitely not the back-alley bargain it used to be. What I liked most is that the site actually seems built with players in mind.
Critics argue that Curacao’s licensing system lacks stringent enforcement and player protection standards compared to other jurisdictions. The review process for a gambling license can take up to 6 weeks. Before the license is granted, the Technical Compliance Department will verify the domain name and gaming platform. To obtain a Curacao gaming license, you need to follow the rules. First, you need to register a legal entity, it may be the E-zone where companies have a 2% income tax. Entrepreneurs and operators have a chance to get in on the action.
