In and out about Curacao Gaming License

1. In and out about Curacao Gaming License What is Curacao and where is it? Curacao is a beautiful island country which is located in the southern Caribbean Sea and it is considered to be a forming part of the Dutch Caribbean region. Curacao is a group of group of islands and because of that particular reason they are famously known as the Lesser Antilles within the Caribbean. It is a pretty small country with 444 square kilometers and is very close to Venezuela. It should be noted that Curacao islands are being governed by the kingdom of Netherlands. Curacao and Gambling Curacao has been providing the Curacao gaming license since the year 1996 and the administration of the country have taken steps to regulate online gambling through the system of jurisdiction. It should be noted that online gaming is among the most prominent business lines within the islands of Curacao. There are certain criteria to be fulfilled if you want to become a registered igaming operator in Curacao. Initially a company should get the E-zone status and then they can apply to get the gambling license Curacao from the government. Most of the business entities tend to work with a sub-license where they get the power and authority from the existing license holder and this is also known as an IP agreement. It should be noted that Curacao is considered to be one of the oldest countries on the world to legalize the act of igaming businesses and issuing relevant license. Specialty of Curacao Curacao has a favorable tax system on entertainment franchises. This particular reason has prompted many gambling operators to register their relevant igaming websites within the country. It should also be noted that Curacao has the jurisdiction recognition for gambling and the process is not that expensive compared to other countries. Their licensing process is pretty fast compared to other countries. They only charge 2% tax out of the net profit which is really great on them. There aren’t any complicated barriers to surpass and it is really simple and convenience to start things off in Curacao. The Curacao gaming license cost is pretty cheap compared to other countries. They have set standard rates on relevant processes. A company could obtain the full Curacao betting license for a cheap rate of roughly about 31,500 euros. They are entitled to pay a monthly fee of 5200

2. euros during the initial two years. Afterwards it all depends on the negotiation skills of the license holder and they have the capacity to negotiate on further fees with the relevant government authorities. The entities could negotiate once they have completed two years of operations. Flexibly of the Curacao gambling license Curacao has a set of flexible rules and regulation son gambling. The entities who obtain the Curacao gambling license has the capacity to engage in all forms of interactive gambling. They can run online casinos, sports books, poker room and many others. The magic happens with the internet and Curacao is a specialist country which promotes this magic among others.