Curaçao Gaming Companies: Navigating the Hub of Online Gaming
Curaçao has long been recognized as one of the leading jurisdictions for online gaming companies. With its stable political climate, robust infrastructure, and favorable tax incentives, Curaçao offers a viable and lucrative option for entrepreneurs and investors in the iGaming industry.
We are able to advise and assist you through the process of setting up a gaming company in Curaçao. The services we offer include:
- Establishing gaming companies in Curaçao, which is one of the main requirements to obtain a gaming license on the island;
- Obtaining a gaming license in an efficient and compliant manner;
- Offering the required Key Function position. During the licensing process, the prospective licensee must appoint a Compliance Officer whose role is to ensure that the Operator complies with all relevant laws and adopts the necessary AML and CFT measures.
want more information? Our Chief Client Officer, Dr. Deborah Vella will be happy to answer any questions you may have. Deborah@ellulschranz.com
Below we provide a more comprehensive guide on establishing and operating a gaming company in Curaçao.
Why Choose Curaçao?
Curaçao offers a number of advantages for gaming companies:
- Cost-Effective Licenses: Compared to other jurisdictions, Curaçao’s licensing fees are relatively low.
- Quick Approval Process: The streamlined application process can take as little as 2-4 weeks.
- Favorable Tax Rates: Enjoy a competitive corporate tax rate, as low as 2% for e-gaming companies.
- Political Stability: As a constituent country within the Kingdom of the Netherlands, Curaçao enjoys political and economic stability.
The main regulatory body governing gaming activities in Curaçao is the Curaçao eGaming Commission. The legal framework is designed to be flexible while ensuring the integrity and transparency of gaming operations.
Types of Gaming Licenses
Curaçao offers a “one-size-fits-all” eGaming license which covers all types of gaming activities, including:
- Online casinos
- Sports betting
- Poker rooms
- Bingo, and more
- Due Diligence: The initial step involves thorough background checks on the company and its directors.
- Business Plan: Applicants must submit a detailed business plan outlining their operational strategy.
- Technical Assessment: Software and games undergo rigorous testing for fairness and reliability.
- Corporate Tax: A highly competitive rate of 2% on net profits.
- No Sales Tax or VAT: Gaming transactions are generally exempt from sales tax and VAT.
- No Dividend Taxes: Dividends paid to non-residents are not subject to withholding tax.
Gaming companies are required to host their servers in Curaçao as part of the licensing agreement. This ensures compliance and allows for regular audits by the regulatory authority.
Compliance and Regulation
Curaçao has a robust Anti-Money Laundering (AML) and Know Your Customer (KYC) policy in place. Regular audits are conducted to ensure compliance with international standards.
Setting up a gaming company in Curaçao offers several advantages, including favorable tax conditions, a straightforward licensing process, and robust regulatory oversight. It remains one of the most attractive jurisdictions for online gaming operations.
For further information, feel free to contact our team of experts who can guide you through every step of the process. Info@ellulschranz.com