At the core of every respected, legitimate, and trustworthy online casino, lies a license. The license indicates that the specific operator can provide its services legally.
The more reputable the regulator that supplies the license is, the more trustworthy the online casino will be and thus, the more reputable it will become.
Speaking of well-known regulators, Curaçao is one of the most respected and most-well known authorities globally and this organization has provided licenses to countless online casinos.
The Gambling Control Board of Curaçao is in charge of regulating the gambling sector and the Curacao Internet Gaming Association is in charge of issuing the said licenses to online operators.
Curaçao License Market Restrictions
First of all, it is important to know that Curaçao offers a Master License and the holder of this license can issue so-called sublicenses. Considering the fact that the Master License covers all types of gaming, online casino operators don’t need any additional licenses or approvals to run other types of games such as chance, games of skill, etc.
Now, when obtaining this type of license, you will have some market restrictions. The good news is that you will be recognized on the global market as you will be able to offer your services to almost every country in the world.
But, the market restrictions when it comes to the Curaçao license include the following countries:
- The United Kingdom
- The USA
- The Netherlands
If you own a casino license by Curaçao and still accept players from any of the aforementioned countries, you will be faced with the risk of having your license revoked. Apart from these nations, if you own a Curaçao license, you will be able to operate globally. The market restrictions also apply to countries where online gaming is considered illegal (Brunei, China, Singapore, North Korea, Qatar, etc).
Benefits of Obtaining a Curaçao License
The first major benefit that comes from obtaining a license from Curaçao is the fact that your online casino will have a legal backup and thus, be able to provide players with gambling services from all over the world (apart from the restricted countries).
Moreover, unlike other regulations, Curaçao covers pretty much all types of online gaming. Hence, you will not need any more approvals or other licenses for the featured games. Next up, the approximate waiting time to be approved is 6 weeks, which is extremely fast. The corporate income tax is 0% and the tax on net gains is just 2%, which makes the Curacao license extremely affordable.
To apply for a Curaçao license, you will need to complete the following steps:
- Register a business in Curaçao
- Gather the paperwork (utility bill not older than 3 months, resume, passport copy, second ID, original bank reference letter, original good conduct certificate, and professional reference letter)
- Submit your application
- Pay the required application fee
- Wait 6 weeks for your license to be approved
Alternatively, you can also contact Curaçao eGaming and ask the company to complete the whole process for you. This is a turnkey solution in which you (the customer) do not have to worry about anything aside from choosing the brand name.
The technical appliance team of the Master License’s holder will inspect your site before the license is issued. That means that every part of the platform will be reviewed and all of the components must be ready before the issuance. It is also worth noting that the required paperwork may include a few other things, depending on several factors.