Most people think that starting a gambling business is a tough task, especially getting a license. But the reality is far from this perception because Curacao- a Dutch Caribbean Island enables the operators to run an online gaming business smoothly across the world, except the Netherlands, the USA, France and certain other territories. Curacao Gaming Control Board (GCB) is the apex body that issues licenses to operators and also monitors AML/CFT (Anti-Money Laundering/ Combating the Financing of Terrorism) in all types of gaming, including online.
In addition, the tax levied against online gaming lies near 0%. Most importantly, Curacao offers a single gaming license which helps you to run multiple games online, such as online casino, online poker, eSports, and many more. So, if you want to run an online gaming business hassle-free, and need to explore European markets, then the Curacao gaming license register https://inteliumlaw.com/gaming-license/curacao/ is a must-have to step ahead.
2-Types of Curacao Gaming Licenses
Before moving ahead with the registration of the Curacao gaming license, you should know about the types of gaming licenses. Three types of gaming licenses are usually provided by GCB, i.e. B2C, B2B, B2B2C.
B2C operators license
It enables operators to provide any gaming or gambling services to the users.
B2B license
This type of license is issued to provider of gambling technology and gambling aggregators. Not all jurisdictions have this type of license, but with having it you will have additional arguments to legitimate your business and work within established standards.
How To Apply For Curacao Gaming License And Operate Legally?
Before applying for a Curacao gaming license, you must be ready with the essential documents and need to fulfill the requirements prescribed by the GCB. Here, the essential requirements that you need to follow are provided below.
- You should have a domain of your gaming business and also ensure to set up a physical server in Curacao’s jurisdiction.
- Detailed gaming activities that will be conducted by your firm.
- Should develop AML policies and must execute them accordingly.
Now, let’s see the ways through which you can apply for a Curacao gaming license.
Make Physical Presence of Your Gaming Business In Curacao Jurisdiction
First and foremost, you should incorporate a gaming company in Curacao’s jurisdiction and the best form is a Limited Liability Company (LLC). However, you can choose a legal entity based in this region based on your preference.
Get Ready With A Set of Documents
Curacao Gaming Control Board examines documents precisely, so you must have full-proof documents, and the list of the same is provided below.
- A valid passport copy.
- A copy of the police verification
- A copy of a recent utility bill which should not be older than 3 months.
- A recommendation letter from a bank.
- A professional letter issued by a lawyer.
- RNG certificates.
- A copy of domain ownership.
Submit Application
Compile all documents and submit the license form to the Curacao Gaming Control Board. During the review process, there is a possibility that you will have to make a physical presence in front of the board, so be prepared for that.
Fee Payment
This is the last process that needs to be followed for obtaining a gaming license, so pay the registration fee and complete your application process.
GCB will examine your documents thoroughly and it will take around 2 months, and if everything goes in your favor, then the board will issue a gaming license to you, and you will be required to pay respective fees.. Now, you are eligible to operate your gaming business legally.
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