First, the thesis about both licenses.
– Financial statements once a year
– Income tax 2%
– Registration of the company in the economic zone (E-Zone) and the Chamber of Commerce of Curacao. One director (nominee) must be a resident.
– Duration of registration of the license is 1-2 months
– Financial statements once a month and once a year
– Fixed annual fee of 25,000 euros. Income tax from 0.40% to 1.25%.
– Registration of a legal entity in Malta, while directors and shareholders may be non-residents.
– Registration term: provisional license is issued after 1-2 months, full license – through six months – 8 months.
The pros and cons of both licenses are many. For example, nowadays it’s more complicated to connect popular payment systems with only the license of Curacao. Although, many of the affiliates now want to work exclusively with brands working under the MGA license. (The BoomAff team also specializes in affiliate marketing). However, various MGA license restrictions are constraining the budget of online casinos, since the cost of a license is much higher than Curacao + fixed payments of 25,000 euros annually.
Many businessmen who are just starting to study the issue of the gambling industry activities mistakenly believe that different licenses are needed for casinos and sports betting and that gambling licenses price differs for these seemingly different types of activities. However, the scope of online gambling includes a casino, a betting shop, lotteries, poker and bingo. All this relates to the gambling industry and fall under regulation of licenses.
Let’s consider the launch of an online casino or a betting office on an example of obtaining a license for Curacao. One of the main advantages of the gambling license of Curacao is maximum simplified and operational licensing procedure for gambling business compared to other jurisdictions.
Company registration and submission of documents for obtaining a license
Registering a company in an offshore zone is the first step in obtaining a license in Curacao. BoomAff company offers comprehensive services related to the creating of all the necessary documents and the management of the company, which will be required for receiving a gambling license.
Obtaining a gambling license in Curacao
Company registration, as well as obtaining a Curacao License, takes only 2 weeks. Gambling Curacao License is recognized worldwide and is the most stable and reliable solution in the industry.
If a company decides to start a gambling business, the BoomAff team will help it in the full cycle of this process. From obtaining a license to the search of mutually beneficial partners. Contact us or leave a contact details and our experts will help to start own casino brand.