Since its establishment in 1996, Curacao eGaming has been offering licenses to online casino operators. Currently, the Government only issues two types of licenses that cover all types of eGaming and online gambling including online casinos, sports betting, Games of Skill and Chance and Exchanges Lottery. The government was initially one with Netherlands Antilles but split in 2010. Curacao became an independent country and continued offering online casino licenses. The reason why many online casino operators prefer Curacao eGaming over other licenses is that they have low tax rates and a flexible licensing procedure. Moreover, it only takes 2-4 weeks for one to be given a license.
In order to obtain a license from the Curacao eGaming Licensing Authority, one must provide the following documentation:
- Provide legal copies of your original passports, bank details, and references, all the documents must not be older than 3 months
- Outline in details all the activities that will be carried out by the casino to the authority
- Give a clear description of your geographical location and your target market
- The operator must at least host a backup database of their customers and all their online transactions within the jurisdiction of Curacao
- The types of the software powering the platform
- Certification of the random number generator (RNG) from a relevant third party such as eCOGRA
Types of Curacao eGaming Licenses
There are two main types of Curacao eGaming licenses including a master license and a sub-license. Whilst the two have almost similar roles, a master license holder has the powers to offer sub-licenses.
Master license – Normally, the decision on whether to issue a master license to a company or not is left at the discretion of the Minister of Justice basing on the types of documents that are provided. Once the company has been issued the license, it can also provide sub-licenses.
Sub-license – A sub-license offers an operator the same privileges a master license holder has only that a holder cannot sub-license it to other companies.
Benefits of a Curacao License
- It offers friendly tax rates compared to other Governments
- Curacao is reputable for being fair in handling issues
- It is less expensive to acquire a Curacao license
- The license is all inclusive
- Has a fast, low cost and simple procedure