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What Lies Behind the Curacao eGaming License Cost

21-02-2022

Many places worldwide, including some US states, lack online gambling-related laws. On top of that, opening an online gambling casino differs a lot from opening a land-based one. You cannot simply apply for a government-issued license, but your business wouldn’t be legal without one. However, that doesn’t mean all is lost.

You can still run a successful online gambling site remotely. Many off-shore gambling authorities issue gambling licenses to casino companies around the world. And one of the most popular regulators in the industry is Curacao Control Gaming Board. This article will discuss the license this authority grants, what that license entails, and its price.

What Is a Curacao eGaming Licence?

Curacao eGaming license is a permit issued by the Curacao Control Gaming Board (GCB). This organization is located in Curacao, in the Dutch Antilles. It was founded in 1999, and it’s one of the oldest gambling regulators in the world. More than 450 casinos currently hold a valid Curacao eGaming license and function successfully.

This gambling authority grants different types of permits depending on your needs. You can apply for a license by yourself or hire an expert organization in the field to help you apply. For instance, you can obtain a Curacao eGaming license cost by GBO — an international financial services company specializing in gaming license attainment.

What Does a Curacao eGaming License Include?

How much does a Curacao eGaming license cost is a common question but not one easy to answer. Before we discuss its actual price, you should be aware of all this permit includes. All Curacao-issued gambling permits comprise the following elements:

• Gambling license — Gambling licenses issued by GCB cover different areas of iGaming. The same license allows you to host real money online casino games — virtual and live, games of chance like lotto and bingo, and sports betting. So, even if your start with only one of these categories, your casino can expand its offer to encompass numerous other games in the future under this license.
• Corporate services — Having an online casino licensed in Curacao includes several corporate tasks. The list comprises creating and registrating a company in Curacao and the EU and compliance to the AML-related procedures. The former includes the costs of the physical space where the company is located and the services of a local managing director. The latter refers to the UBO (Ultimate Beneficial Owner/s) screening and compliance to the KYC (Know Your Customer) set of rules. You can read more about the process here if you’re not sure what it pertains to.
• Banking services — A Curacao eGaming license also covers the opening and maintaining of banking accounts in Curacao and the EU. Your company will need PSP (Payment Service Providers) accounts to process transactions from and to your account holders. Moreover, you’ll need a bank account to receive and manage the funds you earn.
• Additional services — Your GBC license will also cover the costs of DNS hosting and servers rent, data center back-up storage, public and/or enterprise clouds, professional consulting, and similar services. You’ll have certain administrative fees related to this license, too. These fees will cover the costs of applying, obtaining, and maintaining the license.

How Much Does a Curacao eGaming License Cost?

The full cost of the GCB license will amount to approximately $23,000. However, you’ll have to pay additional license renewal and sales tax fees every year. The sales tax is 6%, and the renewal fees total up to around $20,000. Furthermore, your business will be subject to a 2% profit tax since the country is a part of the E-zone.

This might seem like a lot, but Curacao is actually one of the most affordable jurisdictions where you can get your gambling license. If you’re on the fence, we encourage you to do additional research yourself and learn about other gambling authorities and their prices to make the most informed decision possible.




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