Obtaining a license for your gambling site is your first step to establishing a legal and reliable platform. Over the years, many jurisdictions have made a name for themselves in the iGaming world, and the Government of Curacao is one of them.
Today, the Curacao license is an integral part of many online gambling operators worldwide, thanks to the many advantages it brings. The text below will tell you more about all the reasons why you should consider getting a license from this regulating body, including:
- All-encompassing legal pass
- Low license cost
- Hassle-free application process
- Affordable taxes
So, if you plan on launching a new gambling site, stay on this page and gather all the vital information on the Curacao license for online gaming businesses.
One License for All Gambling Verticals
No matter what kind of online gambling business you want to start, a Curacao eGaming license by GBO will cover the legal aspect. The main benefit of the Curacao license is that you can use a single permit for offering different types of online gambling services. This includes an online casino platform, a live casino, an online sportsbook, a poker room, or any other kind of gambling website.
Affordable License Cost
Another good side of holding a Curacao license is its cost. Usually, respected online gambling jurisdictions set the bar high and ask online gambling operators for a lot of money to issue a gambling license. When it comes to the Government of Curacao, this isn’t the case.
The Curacao license was created to fit different pocket sizes and give many operators a chance to join the competitive iGaming market. If you wish to learn more about the cost of the Curacao license, feel free to look up Curacao gaming license countries — restrictions & costs. This page will reveal accurate numbers regarding the price of the application fee and the license itself so that you can calculate your budget in time.
Fast and Easy Application Process
The next advantage of the Curacao license is the straightforward application process operators have to go through. The procedure includes several phases, each regulated with precise instructions. Here’s the entire process in a nutshell:
- Pre-approval — Gather the documents required for starting an online gambling business and submit them to the regulating body.
- Application form — Upon collecting and submitting the documents, the operator should pay the license application fee and deliver proof of it to the Curacao Gaming Control Board.
- Application assessment — The board will go through the application details and ensure everything is correct and accurate. If everything adds up, the application will be approved in no time.
- License approval — If everything turns out all right, the Curaçao Gaming Control Board will send you the license so you can launch the site and start offering online gambling services as soon as possible.
Flexible Tax Laws
Finally, the Government of Curacao has become a common choice among online gambling operators due to its flexible laws on gambling tax. In contrast to other jurisdictions that demand a big part of the profit, operators licensed in Curacao only have to pay 2% tax on net gains. All you need to do to get these terms is to generate revenue from your business outside the country, and you’ll be free from all payable taxes on corporate income.
Final Thoughts
If you know nothing about Curacao, you should start with this text and get at least some idea about this remote island. However, you don’t have to know a lot about the country itself to realize that all these aspects of the Curacao license offer many perks for your potential online gambling business.
With a single license, you’ll be able to offer any type of online gambling and pay barely noticeable tax. Moreover, the cost of the license is not prohibitive, and with a straightforward application process, you can be in the iGaming business in no time.