Curacao Online Gambling License
Curacao is one of the island that make up the Dutch Caribbean (formerly known as the Netherlands Antilles). It's one of the oldest running online gambling regulators and as such is a fairly well-known e-gaming regulator.
Any casino that displays the Curacao eGaming license on its website has been through the initial investigation process and is regularly audited by Curacao authorities.
Advantages of a Curacao eGaming License
Many gambling operators have chosen to make Curacao their home due to its favorable tax laws and relatively quick and inexpensive licensing procedure. Curacao charges a tax of just 2% on net profits and does not put up massive barriers to entry for potential operators. If you have the cash and a legitimate casino, you'll probably be approved.
The fees for a "master" gambling license in Curacao include a 60,000 ANG (or about $34,000) setup fee and then 10,000 ANG (about $5,600) per month for the first two years. After that, the operator can negotiate with the government of Curacao for fees going forward.
Master license holders are allowed to grant sub-licenses to anyone. A sub-license comes with all the benefits of a master license other than being able to lease out sub-licenses. However, the master license holder is responsible for all activities of all sub-license holders.
There are a number of master license holders that offer packages to new entrants in the gambling market. They offer complete solutions including a sub-license, business license, hosting and other services for a fee that is often cheaper for new entrants than trying to do it all alone.
Curacao is also attractive for the simplicity of its gambling laws. Only one license is needed for any type of gambling operation. It doesn't matter if you run a casino, a sportsbook, or a website that does it all; one license is all that's needed.
The process for getting a license in Curacao is significantly easier than dealing with the UK Gambling Commission or most other licensing agencies in which there are multiple types of licenses, fees that go into the hundreds of thousands of dollars, and application processes so complicated that lawyers must be hired.
In addition to licensing and regulation, Curacao eGaming provides technical and financial support for the online gambling industry. Some of these services include dedicated services, private cloud servers, international finance, and help with other matters related to running an online casino.
The greatest disadvantage of a license from Curacao is that it doesn't have much meaning. Just about anyone serious about starting a gambling site can afford the fees and make it through the initial investigation. As long as you have the cash and a fair casino, you're pretty much in.
Players are well aware that the licensing standards in places like Curacao don't mean much compared to licenses from other, more discerning jurisdictions. Casinos licensed by Curacao have suddenly gone rogue, stolen money, and disappeared. Curacao doesn't intervene in disputes between players and operators. From the player's point of view, a license from Curacao is meaningless.
Of course, there are plenty of safe and respectable gambling sites licensed in Curacao. It's a safe, legal place to establish an online casino. However, casinos located in Curacao must build their own reputations the old-fashioned way. A license from Curacao isn't the quick ticket to trust.
If you do run into any trouble with their licensing or have any specific questions that aren't answered here you can contact them any time. They make it pretty easy to get in touch with them through phone or email. Also for more information on what they are all about you can visit their website as well. All of their information is below:
E-Mail: [email protected]
Phone: +5999 465 1134
Author: Wesley Burns
Updated: March 2015