How to Get a Curacao iGaming License?

The Curaçao iGaming License has been among the most preferred choices for online casino and sports betting operators. Take a closer look at the Curaçao online gambling license acquisition process through this blog.  

Running an iGaming business without a license is like driving a car without brakes.

This statement is as true as the legal risks surrounding the iGaming industry.

When it comes to getting an iGaming license, Curaçao becomes the top choice among casino operators.

Today, the Curaçao iGaming license is among the world’s most renowned options.

Why is it so popular?

Because the Curaçao gaming license is a one-size-fits-all license.

Whether you’re seeking a reliable, reputable, profitable, affordable, or flexible license for all iGaming needs, Curaçao is one of the best choices.

Let’s explore the Curaçao gambling license, how to obtain it, and much more.

Synopsis of the iGaming License in Curaçao

Curaçao is a small island country in the southern Caribbean Sea. The country has been issuing licenses since 1996, making it one of the oldest in the iGaming industry.

The gaming license in Curaçao is popular among operators of all levels. Whether you want to start a sportsbook/casino business in this jurisdiction or gain access to other European markets, the Curaçao jurisdiction grants you all.

Additionally, the country has a simple licensing structure where operators can procure B2B and B2C licenses, covering all major types of iGaming activities.

Since 1996, and even before that, the country has made a lot of changes in its jurisdiction, law, and regulations.

Understanding the history before knowing the present law is crucial to successfully running an online casino business.  And here we are with –

Licensing System – Then vs. Now

Back in 1993, the Curaçao gaming license was introduced through the National Offshore Gambling Decree. Though it was the first law created to govern the gambling industry, it was quite young at that time.

By 1996, the government introduced the Gambling License Authority to issue gambling permits and monitor the industry for compliance.

With this, iGaming became a part of the international market that saw Curaçao as the perfect place to set up a business.

Then, in 1999, the Curaçao Gaming Control Board (GCB) was launched to regulate the entire gaming industry in this location.

During that time, Curaçao had two different kinds of licenses, which included a master license and a sub-license. However, this framework changed in 2023.

Let’s understand why.

2023 Brought New Changes in the Licensing Framework

Just like Google keeps updating its core updates, jurisdictions also undergo significant changes. And this jurisdiction is no exception.

The two licenses were shelved, and a new licensing framework was launched under the supervision of the Curaçao Gaming Authority (CGA).

The goal of the new framework was to establish a more comprehensive regulatory framework. This helped improve the jurisdiction’s reputation on the international stage.

The reason behind it?

During the COVID-19 pandemic, the Netherlands asked Curaçao to tighten its iGaming rules to get support and recovery funds.

Brainstorm  Curaçao is a constituent country of the Kingdom of the Netherlands, which gives it political stability and international recognition, key for operating online casinos globally.

Updated Rules for Operators

In 2023, Curaçao introduced new iGaming laws, which were rolled out in 2024 (throughout the year).

As per the new licensing structure, casino operators can get two types of licenses, such as:

1. B2B license: It is for service providers catering to businesses
2. B2C license: It is for those interacting with players directly.

Both these licenses are issued by the authorities without any intermediate ‘master licensee.’

Apart from this, the primary changes to the regulatory framework include reinforcing terms, standards, conditions, transparency, and operational requirements. This includes:

• Local Presence: Operators of all levels (startups, mid-size, and big) must have a local office in Curaçao.
• Financial Stability: Is highly required for all types of operators and license holders.
• Responsible Gambling: Operators are required to implement measures that support responsible gambling.
• Player Protection and Transparency: It’s important to protect players’ data by implementing player protection measures to enhance transparency.

Why the Curaçao Gaming License Is an Ideal Choice for Startups?

When it comes to venturing into the iGaming industry, many startups think of traditional markets such as Malta, the UK, or the Isle of Man.

However, these are already established markets, but the process of acquiring licenses from these jurisdictions is complex, time-consuming, and costly.

That’s where jurisdictions like Curaçao enable operators to launch their iGaming business without dealing with a complicated licensing process.

It’s always recommended to test the water first before taking a major step. And Curaçao is the best option to go with.

Step-By-Step Application Process to Obtain a License

Now let’s discuss the most awaited section of the blog – how to procure a Curaçao iGaming license?

Regardless of the strict rules, the process of applying for a license for this jurisdiction remains quite easy. Here are the steps to follow:

1) Company Registration

To obtain a license, operators must register themselves as legal entities in Curaçao. Similarly, offshore must also undergo the standard process of Curaçao Company Incorporation.

2) Document Preparation

As soon as you start the process of registering with your company, you will require a full set of documents.

This includes a detailed business plan, the company’s financial report/ plan, key policies, corporate structure, range of games, and technical certifications, if any.

Additionally, the GCB may request documents from the company’s director, as well as details of the software agreements with providers.

3) Submit Application

It’s time to submit the application!

Operators can submit the application via the Gaming Authority’s online portal. The application process includes filling out the form, uploading required documents, and paying the license application fee.

4) Due Diligence

After the application is submitted, the Gaming Control Board will conduct due diligence to verify the information provided by the applicant.

The aim of the process is to confirm the applicant’s reputation, security, financial stability, and policies in line with the regulatory framework.

5) License Fee and Approval

Once the application is approved, the company must pay the license fee, which is about €61,700 annually. After the license is issued, operators can proceed to install gaming equipment and start online gaming operations.

How Much Does a Casino Curaçao License Cost?

Earlier, the Curaçao iGaming license was the most affordable among other jurisdictions. However, with the introduction of the new law (CGA), prices have increased significantly.

Earlier, there was no application fee, but now operators must pay €4,592. The small due diligence fee increased from €130 to €260.

While the annual fee saw a major surge from €36,000 to €47,450. But, thanks to the Curaçao Gaming Authority, which allows operators to make payments monthly.

Tax Structure

Casino and sports betting operators would be happy to know that the tax slab in this region is as light as feathers.

The operators are required to pay a simple corporate tax, which is 2% of the company’s net profit.

As the tax rate is low compared to other jurisdictions, this makes it most favorable to companies as it enables them to maximize their profitability.

Final Thoughts!

The Curaçao regulatory framework has changed over the years. The new regulatory framework was introduced to regulate the gambling market with stricter rules but enhanced protection for players.

Whether you want to run an iGaming business in Curaçao or other European markets, getting a Curaçao iGaming license is the ultimate solution.

Contact us to sail through the complex world of iGaming.

Major Highlights  In 1993, the Curaçao Gaming License was introduced  In 1996, the government introduced the Gambling License Authority  In 1999, the Curaçao Gaming Control Board (GCB) was launched  In 2023, Curaçao Gaming Authority (CGA) launched replacing GCB.   Today, CGA is the sole body responsible for regulating and issuing licenses for B2B and B2C operators.

FAQs

• How do I procure a Curacao license?

  To get a license, you must apply for a Curaçao online gambling license. Firstly, fill out the online application form, submit the required documents, and pay the application fee to process it.

• Is Curacao iGaming license ideal for startups?

  Curacao is often seen as the best iGaming license for startups because it's one of the most affordable options, making it a popular choice for operators.

• What is the Curacao betting license cost?

  The annual licensing fee is 120,000 ANG while the renewal fee each year is also the same. To gain more insights, visit their official website.

• How long does the licensing process take to complete?

  Ideally, the process time takes around 8 weeks to get a Curacao iGaming license. The gambling authority takes time to respond to your application, which may extend to 16 weeks in case of any inconsistencies in the documents.

• What is the Curacao gaming license tax?

  An iGaming company operating in Curacao enjoys a zero-tax rate and zero corporate tax. The best thing is these tax rates are still liable within international rules.