Curacao License:
The Ideal Crypto-Friendly License for Global Online Casinos
Simplify Your e-Gaming Business with Curacao Licensing Solutions
Launching a new online casino business can be difficult, but with Fabulous BV, it becomes straightforward and manageable. We offer a complete Curacao gaming license package that includes everything from AML policies and corporate framework to security measures that meet new regulation requirements. Our team, with extensive experience in the gaming industry, brings professionalism to every project.
Why Work with Fabulous BV
Fabulous BV is among best curacao gaming license register companies, we provide customized curacao gaming license solutions tailored to fit your specific needs. From the moment you contact us, we ensure a hassle-free onboarding process with quick responses and all the information you need to start your gaming venture confidently. We provide comprehensive support, including platforms, white labels, and payment and banking services. Our licensing process is swift and cost-effective, customized to meet your needs.
Why Choose Curacao e Gaming License?
Curacao has become a leading choice for online gaming licenses since it began offering them in 1996. Here are some reasons why many gaming companies prefer Curacao:
Low Taxes:
Curacao provides an attractive tax environment with no VAT and a low corporate income tax of just 2%. Also, there is no tax on bets, making it financially appealing for gaming businesses.
Stable Infrastructure:
The country boasts a stable political system and excellent telecommunication facilities, along with a well-established financial services industry. These factors create a favorable environment for international online gaming companies.
Comprehensive Licensing:
The Curacao license covers a wide range of online gaming activities, including sports betting, casino games, poker, bingo, and lotteries. This versatility makes it a convenient choice for operators.
Crypto currency-Friendly:
Curacao has no restrictions on the use of cryptocurrencies, allowing businesses to leverage digital currencies in their operations.
Global Popularity:
The license is in high demand among online casino companies worldwide due to its security, reliability, and compliance with anti-money laundering (AML) regulations.
Cost-Effective Licensing:
With low yearly maintenance costs, obtaining a Curacao license is affordable for businesses, and it facilitates the opening of bank accounts.
Let’s shed light on curacao gaming license requirements.
New Curacao Gaming License Requirements
Curacao is revamping its gaming laws and plans to issue new licenses to operators in November 2024. The updates aim to align with global standards and improve compliance. Here are some important aspects of the new requirements:
Enhanced Security Standards:
Companies must uphold robust information security standards. Within six months of obtaining a license, they need to submit audited security policies to the Gaming Control Board (GCB) using an auditor approved by the GCB. Hardware and software security checks by a third-party auditor are also mandatory.
Player Account Policies:
Licensees must maintain detailed player account policies and provide audited versions to the GCB upon request within six months of licensing. This ensures transparency and accountability in handling player accounts.
Consistent Payment Protocols:
Companies need to establish reliable payment transaction protocols. Audited payment policies must be available for the GCB upon request within six months, ensuring smooth financial operations.
Commitment to Responsible Gaming:
Companies are required to follow responsible gaming practices and submit audited plans to the GCB within six months of licensing, promoting fair and ethical gaming environments.
Fairness in Gaming:
Each game operated by a licensee must receive approval from an independent lab to ensure fairness and integrity in gaming operations.
Certification Proof:
Licensees must provide certification proof to the GCB within six months of receiving their licenses, in compliance with GCB policies. This step is crucial for maintaining credibility and trust in the gaming industry.
The updated regulations aim to strengthen compliance and security in Curacao’s gaming industry, making it more competitive and reliable on the global stage, similar to the standards set by the Malta gaming licensing system.
Establishing a Company in Curacao
When establishing a company in Curacao, you have the option to choose between two types of entities: a Public Limited Liability Company (N.V) or a Private Limited Liability Company (B.V.) The N.V is typically used for larger companies with more complex structures, while the B.V is suited for smaller businesses or private enterprises. Each type has its own benefits, and the choice will depend on the specific needs and goals of your business.
Requirements for Company Incorporation
To incorporate a company in Curacao, there are several key requirements and steps you need to follow. The process is relatively straightforward and can often be completed within a day, though some steps may take longer depending on the complexity of your business.
Timeline:
The company incorporation process typically takes about four weeks, depending on the timely exchange of required information and documents.
List of Requirements:
- At least one director who must be a Curacao resident.
- At least one shareholder (no residency requirements).
- A local point of contact (resident) responsible for receiving business correspondence.
- Annual shareholders’ meeting held on the island of Curacao.
- Choosing a compliant and available company name.
- Obtaining a registered business address in Curacao, in the e-zone.
- Appointing a local company representative or a local resident managing director.
- Submitting the registration form and required documents to the Curacao Chamber of Commerce and Industry.
Main Steps in Establishing a Company:
- Completion of KYC (Know Your Client) documentation
- Submission of due diligence documentation to the notary
- Registration with the Chamber of Commerce
- Registration with the Tax Authorities
- Preparation of Articles of Association
- Obtaining a Certificate of Incorporation
Documents Required for Individual Shareholders & Directors:
- Certified copies of passports of company shareholders and directors
- Proof of address of the company’s shareholders and directors (Copy of a Utility Bill)
- Proof of registered office address in Curacao
- Articles of Association
- Personal History Disclosure Form
- Copy of Birth Certificate
- Copy of absence of Criminal Record
- Source of Wealth Declaration / Source of Funding Document
Documents Required for Corporate Shareholder
- Certificate of Incorporation
- Memorandum and Articles of Association
- Certificate of Incumbency or an equivalent document
- Certificate of Good Standing or an equivalent document
In addition, all the KYC for all the individuals involved in the shareholder company must provide :
- Personal History Disclosure Form
- Copy of Passport
- Copy of Absence of Criminal Record
- Copy of Birth Certificate
- Copy of a Utility Bill
- Reference Letter from a Financial Institution
- Source of Wealth Declaration/Source of Funding Document
Cost for Company Incorporation
The total cost for incorporating a company in Curacao generally ranges between 9,000 USD to 10,000 USD. This includes various fees related to company formation, corporate documents, and initial setup.
Gaming License Curacao Requirements
License Requirements:
- Due diligence on the directors, shareholders, and UBOs (Ultimate Beneficial Owners)
- Business plan for the company
- KYC (Know Your Client) policies
- Review and approval of the website for compliance
- Proof of domain ownership
- Game / Content provider agreements or RNG (Random Number Generator) certification
Documents Required for the License:
- Notarized passport copy of UBO’s/Shareholders
- Notarized utility bill UBO’s/Shareholders
- Bank reference letter
- Professional reference letter
- CV for directors and shareholders
- Notarized recent police clearance certificate
- Declaration and evidence of the source of funds/wealth of shareholders/UBO
Timeline:
The license application process typically takes 1-2 months to complete
Curacao Gaming License Cost
The total Curacao gambling license cost generally ranges between 67,000 USD to 90,000 USD. This includes various fees related to license application, document preparation, and compliance.
Let Fabulous BV Help You Acquire Your Curacao License
- We handle everything: paperwork, policies, and local support.
- We make the whole process time efficient.
- We offer complete services: platforms, branding, banking, and payments.
In the world of online gaming, having a proper license is no doubt very important for credibility. Our curacao online gambling license process ensures that your gaming operation meets international standards. Feel free to contact our team for more details or to start your application process. Contact for free consultation.
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