We offer full packages of service to the New Curacao gaming regulation + convert your Sub-License to the new Master-License:
We assist with Local directors, AML framework, Local auditors, offices, documentation, and everything you need to set up your gambling & online casino on Curacao.
Curacao is advancing its gambling sector, planning to directly license operators from November 2023. This anticipated regulatory shift, labeled “unavoidable” by Finance Minister Javier Silvania, resembles Malta’s gaming license model after our analysis.
So, what’s changing in Curacao’s licensing?
While specifics are still emerging, our examination of the new criteria and application process indicates a focus on AML and Compliance. As the licensing procedure unfolds, we’ll refine our understanding. Our offering includes a licensing package that covers AML policies, corporate setup, banking, and merchant services.
Key Requirements:
Our offerings encompass all the outlined requirements, ensuring you meet the necessary conditions for a license.
Apexum is a leader in the Curacao gaming licenses industry, providing services such as licensing, gaming company formation, legal and corporate assistance, with many years of experience and a proven track record of success.
We are ready for the new regulation and licensing procedures:
New types of gaming licenses will be introduced in Curacao in the summer of 2023:
We have over twelve years of experience in Curacao and other countries and have hundreds of satisfied customers. In just a few weeks, and at a minimal cost, you will be ready to launch! Meet our great expertise in dealing with the Gaming Control Board, we will help you through all the hurdles.
A crucial update regarding the Curacao licensing environment.
Acquiring a gaming license in Curaçao is essential for businesses in the digital gaming sector, ensuring adherence to global standards and best practices. The Curaçao Gaming Control Board (GCB) emphasizes player protection, prevention of fraud, and the curtailment of gambling addiction, assessing applicants on their integrity, fiscal soundness, and user-centric approach. While there’s a fee associated with the license as per the National Ordinance on Offshore Games of Hazard (NOOGH), operators must also maintain rigorous digital security, ensure game integrity, uphold well-defined operational protocols, and provide transparent reporting to sustain their license and bolster their credibility in the industry. Read below
Changes in Curacao’s gaming rules – Things have changed in how games are regulated in Curacao. This has caused a lot of changes for gaming companies since the start of the year. People are unsure about renewing their licenses because of rumors and confusion.
How companies are reacting to license uncertainty – Because of the uncertainty, some companies are choosing to renew their Curacao licenses for only a short time, like 5 to 6 months. To be safe, many are also starting to get another type of license called the Anjouan gaming license, which is known for being fast.
What the industry thinks about having more than one license – Most people in the gaming industry now believe that companies should have at least two licenses, just in case. This way, if one license doesn’t work out, they have another one to rely on.
Key Requirements:
Our offerings encompass all the outlined requirements, ensuring you meet the necessary conditions for a license.
Apexum is a leader in the Curacao gaming licenses industry, providing services such as licensing, gaming company formation, legal and corporate assistance, with many years of experience and a proven track record of success.
We are ready for the new regulation and licensing procedures:
New types of gaming licenses will be introduced in Curacao in the summer of 2023:
We have over twelve years of experience in Curacao and other countries and have hundreds of satisfied customers. In just a few weeks, and at a minimal cost, you will be ready to launch! Meet our great expertise in dealing with the Gaming Control Board, we will help you through all the hurdles.
Basically, a gaming license only gives you permission to operate in the country where the license was issued. This is logical as one country can’t dictate to another country which licenses to accept. The Curaçao license is one such licensing jurisdiction.
The new C2B gaming license in Curacao explained
The C2B Curacao gaming license is a brand-new gaming license available to Curacao-based online gambling companies. It is more adaptable and sensitive to the needs of gaming professionals due to features such as an easier application process and a lower entry price. The C2B license also includes a range of services and support, including assistance with banking and payment processing, technical issues, and legal and compliance concerns. The C2B Curacao gaming license is intended to be a straightforward and cost-effective way for gaming professionals to launch and operate their own online gambling sites.
The new B2B gaming license in Curacao explained
Curacao has issued a new type of gaming license that is tailored to businesses that provide services to others in the industry. B2B license holders can legally offer their services to online gaming operators that hold a valid Curacao gaming license without requiring their own gaming license. This license could save money for businesses that offer services such as game and software development, affiliate programs, and other comparable services. The B2B license ensures that these companies can operate and expand their services in a secure and regulated setting. The objective of the B2B Curacao gaming license is to create a functional and adaptable licensing framework for service providers in the online gaming industry, thereby promoting the expansion and development of the industry.
What is the unique service we offer?
Apexum gets you the sub-license that permits your Curaçao casino to offer the full range of egaming activities – sports gambling, roulette, table games like poker, blackjack and baccarat, as well as bingo and lottery. With our assistance, you will have in place the company structure that you need to register the license and get going. And the payment processing merchant accounts necessary for your customers’ deposits and withdrawals will be ready in reputable European EMI service providers.
Why go elsewhere, when we can do it all for you at such a great cost.
The NOOGH framework serves as the foundation for Curaçao’s licensing system, which emphasizes:
Secure: Protecting games, associated hardware, and operational systems from potential weaknesses.
Ethical: Dedication to fair player treatment, encouragement of preventative measures against gambling addiction, and protection of the weak.
Validating the gaming provider’s dependability, resiliency, and ongoing operations.
Open: Requiring thorough, responsible, and organized recordkeeping.
While obtaining a license requires payment in accordance with NOOGH requirements, the specific amount is still unknown.
Integral License Requirements
Regular and Critical Event Reporting: It’s imperative to produce monthly reports that capture important operational shifts. Additionally, any significant incident must be reported to the GCB within a day, providing information on security violations, system flaws, and fraudulent activities.
The Curaçao Gaming Authority (CGA) is a government agency responsible for regulating and overseeing the gaming industry in Curaçao, a small island nation in the Caribbean. The CGA is responsible for issuing licenses to gaming operators, including online casinos, sports betting companies, and other types of gaming companies.
In order to obtain a license from the CGA, gaming companies must meet certain requirements, including:
The CGA also has the authority to monitor the activities of licensed gaming operators and take action if necessary to ensure compliance with laws and regulations. This may include suspending or revoking licenses, imposing fines, or taking other corrective action.
The CGA enforces the Gaming Act, which sets out the licensing requirements, regulations, and guidelines for gaming activities in the country. The CGA also acts as a mediator between operators and players, ensuring fair play and responsible gaming practices.
It’s worth noting that the regulation of the gaming industry is a rapidly evolving area, and the requirements for obtaining and maintaining a license from the CGA may change over time. It’s important for gaming companies to stay up to date on the latest developments in this area.
As a licensing jurisdiction, Curacao can only issue online gambling licenses to companies within its own jurisdiction. In Curaçao one gambling license covers all forms of online gaming so you don’t need to apply for multiple licenses for each game you offer online. One Curaçao license also covers online gaming service providers including software providers, affiliates, platform operators etc.
The Curacao e-gaming license does not specify from which countries your online e-gaming operation can accept customers. With a Curacao online gambling license, you can accept players from all countries so long as they are not specifically prohibited by your sublicense agreement or by the Curacao jurisdiction which has issued the license.
In which countries is online gambling legal?
Unless there are specific laws against online gambling, it is possible to engage in e-gaming from the majority of the 200+ countries in the world.
The prohibitions on Curaçao gambling license countries’ external jurisdictions take four main forms.
In the first place, there are countries that totally ban online gambling for their own citizens, regardless of where the e-gaming operation is based. These include the United Arab Emirates, Brunei, Cambodia, North Korea, Japan, Singapore, Cyprus, and Qatar.
Many other countries prohibit access from their own country to foreign online gaming sites, mainly to protect their own local gaming operators. These include Georgia, Sri Lanka, Austria, Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Italy, Poland, Romania, Spain, UK, USA and Panama.
In some of them, there are prohibitions inside their own jurisdictions, so that citizens cannot engage with local operators. This group includes Greece, Hungary, Ireland, Latvia, Lithuania, Macedonia, Moldova, Monaco, Norway ,Montenegro, Portugal, San Marino, Slovenia, Sweden, Switzerland, Canada, Dominica, and Dominican Republic. However, there is nothing prohibiting them from engaging with a Curacao-based online gaming operator.
Finally, Curacao prohibits access for its own citizens, and there are some specific countries that have treaties with Curacao that include restrictions prohibiting online gambling. These include the USA, the Netherlands, France, Dutch West Indies, and Australia.
It is the duty and responsibility of the license holder to check that customers are not accessing the Curacao gaming operation from prohibited jurisdictions. Regular checks are made by the Curacao Gaming Control Board as a part of the AFL/CFT supervision of all gaming sectors operating in and from Curacao, which includes the online gaming sector.
Which countries regulates Curacao gaming companies?
In 2018, the government of Curacao allocated to the Curacao Gaming Control Board (GCB) the regulation of the online gaming sector. The GCB is now the AML/CFT supervisor for all gaming sectors including online gambling.
Is it legal to operate a Curacao gaming company without a license?
The Curacao government issues a single license for any type of gambling service. Operating from within Curacao without a valid license is illegal.
Is online gambling legal in Curacao?
It is illegal for citizens of Curacao to gamble online. There are several land-based casinos on the island, and the only restrictions there are age-based, to prevent people under the age of 21 from gambling. As well, the Curacao Gaming Control Board operates as the AML/CFT supervisor for all gaming sectors operating in and from Curacao, which includes the online gaming sector. Part of this role is to maintain black-lists of prohibited operators and players.
How do I get a Curacao gaming license?
Apexum has the best experience in setting up online e-gaming operations in Curacao, including securing the necessary egaming license, banking and payment services, and company registration. Let us help you and you can be up and running within weeks!
The license allows companies to operate online gaming businesses, such as online casinos and sports betting platforms, from within the jurisdiction of Curacao.
In order to obtain a Curacao gaming license, companies must meet certain requirements, such as having a physical presence in Curacao, having a clean financial history, and demonstrating a commitment to fair play and responsible gaming. Once a license is obtained, companies are required to adhere to strict regulations and oversight from the government of Curacao.
The Curacao gaming license is recognized in a number of countries around the world. Some countries, such as the United Kingdom and Malta, have their own licensing and regulatory frameworks for online gaming, and companies operating within those countries may not need a Curacao license. However, in many other countries, a Curacao gaming license is accepted as a valid and reputable license for online gaming businesses.
It’s worth noting that the legal status of online gaming varies widely from country to country, and it is always a good idea to check with local authorities to determine the specific requirements and regulations for online gaming in a particular jurisdiction.
In which countries Curacao gaming license is valid?
The Curacao gaming license is recognized in a number of countries around the world. However, the legal status of online gaming varies widely from country to country, and it is always a good idea to check with local authorities to determine the specific requirements and regulations for online gaming in a particular jurisdiction.
In general, a Curacao gaming license is accepted as a valid and reputable license for online gaming businesses in countries where online gaming is legal and regulated. However, in some countries, a local license may be required in addition to a Curacao gaming license.
It’s worth noting that the acceptance of a Curacao gaming license may also depend on the specific type of online gaming business being operated. For example, some countries may have specific regulations or requirements for online sports betting or online casinos.
To determine whether a Curacao gaming license is valid in a particular country, it is always a good idea to consult with local authorities or seek legal advice.
Wondering about Curacao gaming license prices? Here are our fees:
* Prices may change
What are the advantages of a Curacao Gaming license?
Online gaming is a highly regarded business form in Curaçao. Apexum has many years of experience in establishing Curacao eGaming operations and can give you all the assistance necessary to set up the required corporate infrastructure, source the best gaming platform, obtain the necessary Curacao licensing and establish all of the banking, payment processing and merchant accounts that a casino needs to operate properly.
Curacao enjoys special legal, banking and finance rights and privileges because in 2010 with the dissolution of the Netherlands Antilles, it chose to remain a constituent within the Kingdom of the Netherlands. As such, its corporate laws were derived from and still remain very similar to those applicable to EU regulations.
Banking is easier in Curacao
Banks inside the EU are able to accept corporate customers based in Curacao, establish payment processing facilities, IBAN accounts and all the other necessary banking features that a modern online casino needs.
Curacao has three official languages – Dutch, English, and the Caribbean dialect. This makes establishing and managing a company in Curacao much easier than can be the case in other jurisdictions like those in Eastern Europe that accept only their own language in company registration and reporting.
Establishing a corporate entity will be simple
Limited liability companies established in Curacao are designated with the legal entity abbreviation N.V. the same as in The Netherlands itself. The same general rules that apply in The Netherlands apply to them with regard to company management and distribution of profits. The net profits of a Curacao gaming company can be declared as a dividend or reserved in accumulated profits for later distribution. Dividends from Curacao companies are taxed at the same rate in the EU as dividends on all EU corporations.
N.V. companies that have been registered in the e-Zone on the island (the specially designated area for promotion of business development) are subject to a low corporate tax on profits of only 2%. There is no VAT on gaming revenue. With Apexum’s guidance, your holding company will enjoy these strong benefits from the start.
A Curacao online casino offering games such as Blackjack, Slots, Video games, Poker, Lotto and other gaming-related activities only requires a single Curaçao gaming license instead of having to obtain a separate license for each individual activity. This makes the cost of obtaining a Curaçao license lower than in other jurisdictions.
Curacao has friendly gaming regulations for operators
Curaçao has an IT infrastructure that offers a wide array of services for online gaming operators and providers, such as high-capacity private racks, private cloud services, customized servers as well as other hosting options.
Curacao does not impose any betting tax. In many other countries, casino operators have to withhold a proportion of the winnings of their customers as a gaming tax. In Sweden, gambling tax at a rate of 18% is levied on the proceeds of gambling. In the UK, operators who supply remote gambling to UK customers must deduct general betting duty (GBD), pool betting duty (PBD) and remote gaming duty (RGD) on a consumption basis. In Curacao, there is no tax on net gaming revenue, only on corporate profits.
Are there any disadvantages to the Curacao gaming license?
The disadvantages are minimal, and derive mostly from the dependence of sub-license holders on the Master license holder.
There are two types of online gaming licenses issued by the Curacao Gaming authority, the master license and the sub-license. Both allow gaming operators to offer the full range of gambling services to the public, but only a master licensee is able to sell sub-licenses and the validity of the sub-license is dependent on the master license.
Master licenses are approved solely at the discretion of the Minister of Justice, and it is not possible to obtain a new master license. As long as the master license remains valid, the sub-license has the same rights to perform e-gaming activities in a legitimate manner.
Are there any countries from which players cannot access a Curacao online gambling site?
curacao gambling license restricted countries – There are very few specific restrictions on the validity of the Curacao gaming license in individual countries. A Curacao licensee cannot accept players from just a few countries, specifically the USA, France, Australia, the Netherlands, and Curacao itself. However, there is no oversight beyond the standard KYC AML and CFT regulations that apply to all the other registered online casinos worldwide. It is not the responsibility of the Curacao casino to trace players that register themselves from neutral countries and access the website via VPN connections.
In order to qualify for holding a sub-license, companies must meet certain criteria:
The sub- license is obtained from a holder of one of the four master gaming license holders. The sub-license grants all of the necessary rights to operate in the Netherlands Antilles and offer your players the following services:
The license can only be held by a company registered in Curaçao with a local bank account.
You should let Apexum’s team of experts with over twelve years of experience be your guides. We can ensure a complete and affordable setup that will get you operating in just a few weeks.
