In 1996, Curacao (part of The Netherlands Antilles) government created a licensing authority for online gambling, which is by far the oldest licensing authority. All gambling licenses issued by the Government of Curaçao are based on the National Decree on Offshore Games. Curacao and the Netherlands Islands are members of the EU and fully comply with the relevant legislation.
Licensing authority of Curaçao
The Ministry of Justice of Curaçao, as the licensing authority, appointed the Licensing Department for eGaming industry in Curacao. Thus, Curacao offers one kind of license for all online casino games, lotteries and sport bets. This agency also licenses software providers and operators.
The licensing authority of Curacao provides a wide range of online services to sites, including game license management, hosting, and IT infrastructure. This makes the license of Curaçao very convenient and attractive for companies owning online casinos.
All products licensed by Curacao must have an official license stamp. This stamp ensures that the operation of the casino and all software meets the requirements of the jurisdiction of Curaçao. It also guarantees that all operations are performed from servers located in the Curacao zone.
Taxation of Curaçao
The tax regime is the most beneficial for international transactions and trade. All activities of e-commerce can be carried out on servers located in the Curacao. Companies pay only 2% of their income. Owners are free to cashout their dividends without any restrictions.
Curaçao License Requirements
The licensing authority of Curaçao guarantees that all online casinos that receive a license operate in accordance with the rules and laws of the Netherlands Antilles. They maintain a complete control log of each player who makes deposits, including financial transactions and individual bets. Only persons who have reached the age of 18 are allowed to play. If necessary, the online casino must provide third-party auditors with all information, including backend software data. The casino should guarantee the payment of winnings to the players, keeping the minimum required financial resources, and also to avoid unethical advertising and marketing.
Any casino that operates legally and abides by the rules of fair play can obtain Curacao eGaming license. For this, it is necessary to submit an application and pass a review of the licensing authority.
The cost of the license is $ 36,700, and the monthly fee is $ 5,600.