All online casino gamblers must have come across the term Curacao eGaming in their search for reputable online casino gamblers. Curacao is a popular name and a key player in the iGaming world. As one of the oldest (1993) licensing authority, it has made a name for itself for providing some degree of regulatory credibility to online gamers.
All online casinos bearing Curacao eGaming license must be vetted and audited from time to time by Curacao licensing authorities. One good thing about Curacao licensing authority is that they offer flexible licensing setup which provides different types of licenses for various types of online operations.
Curacao’s license covers multiple fields including online casinos operators, lottery games, and sports betting. Additionally, Curacao governing authorities offer online platforms with a full-service package comprising of compliance supervision, payment processing, DNS Hosting consultations, licensing and much more.
Main Types Of Licences
Basically, Curacao offers two types of licenses, a master license, and a sublicense. The master license allows you to issue sub-licenses to your own multiple businesses. This is important especially in structuring large companies. The master license is only valid for 5 years after which it can be renewed.
Tax Incentives
There is no doubt that e-gaming highly contributes to the economy of Curacao through their creation of tax incentives. Currently, they have a special corporate income tax of 2% with a zero on gross income wagers which will last until 2026. This puts them on the top of the game in the gambling industry.
Obtaining eGaming License
Most online casino operators and gambling companies opt for Curacao Licensing Authority not only because of the simple procedure but because of the exclusive taxes and fast turnaround. In order to acquire their license, you need to meet some conditions including:
- You must submit legal copies of your bank account details, Identification cards which, must not be older than three months
- State all the activities and services that will be offered to clients under that license
- Describe the state of your geographical location and your target audience
The operator must have a backup for the clients and all their account transactions under the governing authorities of Curacao.
Furthermore, obtaining a license from Curacao takes only 2-4 weeks, but it all depends on the quality of the documents that have been submitted. The Curacao eGaming support team will guide you through every step including pre and post-licensing procedures.
Pros of eGaming Authority
Curacao eGaming has been the home of many multiple online casino operators because of their tax laws and their simple procedure of acquiring a license. They have a monthly interest rate of 2% on net profits a does not impose heavy barriers to potential operators. Also, the license fee is negotiable after the first two years. All master license holders are free to grant sub-licenses to anyone including their own small businesses. In fact, the master licenses grant one the privileges of a master license owner. Nevertheless, the master license owner is answerable to all sub-license holders. In addition, the processing of getting a license from Curacao is relatively simple compared to other licensing governing authorities. Other than issuing licenses, Curacao offers technical and financial support to all other casino operators.
Cons of eGaming Authority
Anyone who has money and is willing to start an online gambling platform can be issued with a license by Curacao without in-depth investigations. Some online casinos licensed by Curacao have become rogue over the past years, making the license worthless. Lastly, online casino operators licensed by Curacao must build their own reputation because their license is not a direct ticket to trust.
The Bottom Line
All casinos bearing Curacao eGaming license use cutting edge technology to ensure that the games they offer are of high-quality graphics and immersive soundtracks. Therefore, playing at casinos licensed by Curacao is safe and with multiple opportunities of winning real money.