Get Expert Assistance from GBO for Your Curaçao Gaming License – Over 300 Licenses Processed!
Our Curacao Gaming License Package:
- Includes updated policies, procedures, and business plans.
- New License Procedure:
- Application process for new Curaçao gaming licenses.
- Submission of applications.
- Collection and preparation of documents.
- Full Legal Package:
- AML framework setup.
- Compliance officer and policies.
- Audits under new regulations, including IT audits.
- Corporate Structure:
- Formation of a Curaçao company.
- Provision of a local director.
- Payments:
- Opening bank accounts in Europe.
- Setting up merchant accounts.
- Creation of crypto wallets.
- License Coverage:
- Licenses for all iGaming products: online casinos, apps, sports betting, poker, lotteries, bingo
- Application submission to GCB
- Assists with local directors
- Helps set up a local office
- Comprehensive service package for obtaining the license
GBO is a leading Curacao gaming service provider attending conferences world-wide
Get Expert Assistance from GBO for Your Curaçao Gaming License – Over 300 Licenses Processed!
WhatsApp us: +972504938469, email us: info@gbo-il.com
Are you ready to launch your online gaming business and explore global opportunities?
The Curacao gaming license offers a cost-effective and efficient solution to establish your operations legally and with confidence. This guide provides a complete overview of the Curacao gaming license, including its benefits, costs, requirements, and application process under the new Gaming Act (LOK) and the supervision of the Gaming Control Board (GCB). By the end, you will have all the information needed to make an informed decision.
Section 1: Understanding the Curacao Gaming License
What is a Curacao Gaming License? The Curacao gaming license is one of the most sought-after licenses in the online gaming industry. It allows operators to legally provide various online gambling services, including casinos, sportsbooks, and lotteries. With its simplified application process and single license covering multiple activities, it is a popular choice for new and established businesses.
Why Choose a Curacao Gaming License?
- Cost-Effective: Transparent fees with flexible payment structures.
- Quick Approval: Streamlined processes under GCB supervision ensure efficient issuance.
- Comprehensive Coverage: A single license authorizes a broad range of gaming activities.
- Tax Advantages: Low tax rates attract businesses globally.
- Reputation: Operate under a well-regulated and respected jurisdiction.
Section 2: Curacao Gambling License Costs Involved
Below is an accurate breakdown of costs for the Curacao gaming license based on the new regulations:
Section 3: Curacao Gaming License Requirements
To obtain a Curacao gaming license, the following requirements must be met. These requirements are summarized from the proposal and provide clarity for each necessary step:
- Incorporation of a Curacao Company
- Establish a company in Curacao as the license-holding entity.
- Includes company formation, preparation of corporate documents, and courier services.
- Cost: EUR 3,300.
- Registered Office and Resident Agent
- Maintain a registered office in Curacao and appoint a resident agent.
- This ensures the company meets jurisdictional obligations and maintains a local presence.
- Annual Fee: EUR 2,800.
- Local Executive Co-Director
- A local executive co-director is required by law to oversee operations and maintain compliance.
- Annual Fee: EUR 2,800.
- Application Fee
- Covers the submission of the license application, including compliance checks and due diligence conducted by the Gaming Control Board (GCB).
- Cost: EUR 3,000.
- Preparation of a Business Plan
- Submit a detailed business plan and financial forecast as part of the application process.
- The business plan outlines the company’s operational and financial strategies.
- Optional Service Fee: EUR 5,000.
- Compliance Policies
- Prepare nine mandatory compliance policies:
- Information Security Policy
- Access Control Policy
- Incident Response Policy
- Change Management Procedures
- Backup Procedures
- Organizational Policy
- Equipment and Application Software Details
- Anti-Money Laundering (AML) Policy
- Responsible Gaming Policy
- Ensures adherence to regulatory standards and operational transparency.
- Fee: EUR 9,000 (includes 60 hours of legal work).
- Game Certification – RNG
- Ensure all games offered are certified by an approved testing laboratory.
- Certification must be completed within six months of receiving the license.
- Demonstrates compliance with industry standards.
- Physical Office in Curacao
- Maintain a physical office to establish a tangible local presence.
- Cost: EUR 700/month.
- Local Director Appointment
- A local director must be appointed to meet the requirements set by the GCB.
- Annual Fee: EUR 12,000.
- Player Fund Management
- Player funds must be held in segregated accounts to ensure their security and compliance with financial regulations.
These requirements form the foundation for obtaining a Curacao gaming license, ensuring legal compliance and operational integrity under the new Gaming Act (LOK).
Section 4: Curacao Gaming License Restricted Countries
Operators holding a Curacao gaming license must adhere to restrictions on offering services to specific countries. Below is a clear list of restricted jurisdictions:
- Completely Restricted Countries:
- United States
- Netherlands
- France
- Australia
- Singapore
- Domestic Online Gambling Bans:
- United Arab Emirates
- Brunei
- Cambodia
- North Korea
- Qatar
- Countries Protecting Local Operators:
- United Kingdom
- Germany
- Italy
- Spain
- Poland
- Additional Jurisdictions with Limitations:
- Norway
- Canada
- Switzerland
Important Note: It is the responsibility of the license holder to ensure compliance by preventing access from these restricted jurisdictions. The Curacao Gaming Control Board performs regular checks to verify adherence to these rules as part of its supervision process.
Section 5: Application Process
The new Gaming Control Board (GCB) requires a detailed and structured application process:
- Complete Application Form: Provide company details, gaming activities, and compliance information.
- Prepare Documentation:
- Business plan and financial forecast.
- Proof of compliance policies (AML, KYC, etc.).
- Certification of games from approved laboratories.
- Submit Application: Register on the GCB portal and upload all documents digitally.
- Approval and Issuance: Upon approval, the license is issued, allowing operations to commence.
Additional Information Required
- Primary domain and additional domains (if any).
- Type of gaming activities (e.g., RNG-based games, live dealer games).
- Player account and fund management details.
- Currency types used for transactions (fiat and virtual).
Timeline The process typically takes 6-8 weeks, depending on the completeness and accuracy of the application.
Section 6: Maintaining Compliance
Ongoing Obligations
- Annual audits and reporting.
- Continuous adherence to updated AML and KYC regulations.
- Submission of game certifications and responsible gaming policies.
Regulatory Updates Stay informed about changes in Curacao’s gaming laws to ensure ongoing compliance and avoid penalties.
Obtaining a Curacao gaming license under the new regulations is a strategic move for online gaming operators. With transparent costs, clear requirements, and a streamlined process, it offers an excellent opportunity to expand globally and operate within a respected jurisdiction.
Ready to take the next step? Contact us today for professional assistance and support in obtaining your Curacao gaming license. Let us help you build a successful and compliant gaming business.
