Are you wondering how to get a gaming license for your best live casino in Canada? You have banked on the right page.
Gaming licenses from traditional jurisdictions, such as UK and Malta, are too expensive. In that case, one of the most reputable and affordable options is the Curacao e-Gaming License.
Obtaining a gambling license is a daunting task as it involves documentation and application. However, Curacao is known to have the most flexible approach. Their straightforward application process and meager taxes offer them international recognition. In addition, the jurisdiction is well-equipped to handle the requirements of i-Gaming providers.
About Curacao e-Gaming License
Curacao is one of the oldest and well-known iGaming licensing locations in the world. It has more than 450 licensed online casinos under it. Even though it has low renewal fees, it is one of the most effective licenses. Also, it doesn’t levy gaming taxes like other jurisdictions.
For entrepreneurs and startups looking to start their online gambling venture, Curacao is the most obvious choice. More than 450 online gambling operators are licensed under this jurisdiction.
It is considered to be one of the most accessible jurisdictions in terms of licensing. In addition, Curacao has one of the shortest processing times and provides a versatile license.
What Are the Advantages of Curacao Gaming License?
The Curacao e-Gaming license offers many benefits to the holders. Let’s take a look at them.
Affordable and Quick
Curacao jurisdictions take the shortest time when it comes to the licensing process. Indeed, this depends on the applicant submitting the required documents on time. Also, before submitting the documents, you have to make sure that they are notarized where required and updated.
In some instances, the whole process might take two business days, excluding the time required to gather the documents. So, it is ideal for gaming sites on a tight deadline and wants to go live as soon as possible.
As far as costing is concerned, Curacao is one of the most affordable licenses out there. The initial setup, as well as the maintenance cost, is affordable.
Applying for a gambling license can be a little daunting. You might have to go through a whole lot of paperwork, supporting documents, and application forms. In addition, compiling all required documents can be time-consuming.
However, you don’t have to worry about all these when you apply for a Curacao license. Sure, there are specific requirements that are to be met, but the paperwork is limited. So, it is less of a headache for you as you apply for the gaming license.
Curacao is the easiest and the quickest jurisdiction to acquire a gambling license. It has an easy process. Their ongoing maintenance offers entrepreneurs incredible sandbox opportunities for testing their concept before handling a tougher licensing jurisdiction.
One License for Everything
A few jurisdictions have different types of licenses based on the games that are being offered. In addition, at times, a jurisdiction might have an add-on permit for various game classes. So, if a gambling site offers different games, such as table games, slots, bingo, live dealer games, and lotto, the operators have to go through the licensing process several times. This can be quite a hassle.
Nevertheless, with the Curacao e-Gaming License, you don’t have to worry about that. It covers all types of i-Gaming related activity in a single license. Software developers, game providers, and operators, such as online casino games, sports betting, bingo, online poker, lottery, etc., are all covered. In addition, it provides cost-effective flexibility to gaming companies that would like to diversify their portfolio of offerings in time to come.
What Do You Need to Get a Curacao Gaming License?
If you decide Curacao is the best jurisdiction for your gaming company, you have to consider the requirements for the gaming license.
A standard onboarding procedure requires you to make sure who you are, what you plan to do, where your funds are coming from, and where you live. The authorities will also need a fit and proper test to ensure you are a person of good conduct. It should have a police conduct report from your country ascertaining you have no criminal record. You will be asked to offer the details of your ability to handle the gambling site’s operation.
Here are some of the documents that you will have to provide for the license.
- Certified or original copy of the Utility Bill;
- Certified copies of passport;
- Proof of domain ownership;
- Police clearance certificate;
- Original reference of the banker;
- Original reference letter from a Lawyer or an accountant;
- Details of software, including 3rd party certification of the RNG, agreement, and its fairness;
- A copy of the terms and conditions, including underage gaming policy, player KYC policy, and underage gambling.
Remember, the documents you are submitting should be older than 90 days. If you have these documents ready, you can apply without any hassle.
What Is the Cost of a Curacao License?
The cost of a gambling license varies with your requirements and the circumstances. But you will be happy to know that there is an option for almost all types of budget. So based on what you want, you can expect to pay anything from $15-$35.
Curacao License for Cryptocurrency Projects
In recent times, cryptocurrencies have become more popular than ever. They have become trendy due to the advantages they provide. Younger generations are keen on using cryptos. As online casinos search for new ways to entice players, cryptos have proved to be an incredible choice.
The process of securing a cryptocurrency license is similar to securing a regular license. Nevertheless, it comes with some additional parameters that make the process a little longer and expensive.
Curacao Gaming License Tax
Curacao provides the most favorable tax provisions for gaming sites. The GGR tax is levied on the net profit on real gaming and might be as high as 25%. Also, the gaming companies are taxed on their net profits. The good thing is Curacao doesn’t levy tax on gaming profit.
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.