Wondering how to get a gaming license for your best live casino in Canada? You bet on the right page.
Gambling licenses from traditional jurisdictions, such as the UK and Malta, are too expensive. In this case, one of the more reputable and affordable options is the Curacao e-Gaming license.
Obtaining a gaming license is a daunting task as it involves documentation and application. However, Curacao is known to have the most flexible approach. Their simple application process and low taxes give them international recognition. In addition, the jurisdiction is well equipped to handle the requirements of game providers i.
About the Curacao Electronic Gaming License
Curacao is one of the oldest and most well-known iGaming licensing sites in the world. It has over 450 licensed online casinos. Even though it has low renewal fees, it is one of the more efficient licenses. In addition, it does not levy gambling taxes like other jurisdictions.
For entrepreneurs and startups looking to start their online gaming business, Curacao is the most obvious choice. More than 450 online gaming operators are licensed under this jurisdiction.
It is considered one of the most accessible jurisdictions in terms of licensing. Additionally, Curacao has one of the shortest processing times and provides a multi-purpose license.
What are the benefits of the Curacao gaming license?
The Curacao e-Gaming license offers many advantages to holders. Let’s take a look at them.
The jurisdictions of Curacao take the shortest time when it comes to the licensing process. This is because it depends on the submission of the required documents by the applicant on time. In addition, before submitting the documents, you must ensure that they are notarized as necessary and updated.
In some cases, the entire process may take two business days, not including the time required to gather the documents. It is therefore ideal for gaming sites with a tight deadline and wants to go live as soon as possible.
When it comes to cost, Curacao is one of the more affordable licenses. The initial setup, as well as the cost of maintenance, is affordable.
Applying for a gaming license can be a bit daunting. You may have to go through a lot of paperwork, supporting documents and application forms. In addition, compiling all the required documents can be time consuming.
However, you don’t have to worry about all of this when applying for a Curacao license. Of course, there are specific requirements that must be met, but the paperwork is limited. So, it is less of a headache for you when you apply for the gaming license.
Curacao is the easiest and fastest jurisdiction to acquire a gaming license. It has an easy process. Their ongoing maintenance gives entrepreneurs incredible sandbox opportunities to test their concept before managing a more stringent licensing jurisdiction.
One license for everything
Some jurisdictions have different types of licenses depending on the games offered. In addition, sometimes a jurisdiction may have an additional license for various classes of games. So, if a gaming site offers different games, such as table games, slots, bingo, live dealer games, and lotto, operators have to go through the licensing process multiple times. It can be quite complicated.
However, with the Curacao e-Gaming license, you don’t have to worry about it. It covers all types of i-Gaming related activities in a single license. Software developers, game providers, and operators, such as online casino games, sports betting, bingo, online poker, lottery, etc. are all covered. In addition, it provides cost-effective flexibility for gaming companies who wish to diversify their portfolio of offerings in the future.
What do you need to get a Curacao gaming license?
If you decide that Curacao is the best jurisdiction for your gaming company, you should consider the gaming license requirements.
A standard onboarding process requires you to make sure who you are, what you plan to do, where your funds come from, and where you live. The authorities will also need an aptitude test to make sure that you are a good conductor. He should have a conduct report from the police in your country stating that you have no criminal record. You will be asked to provide details of your ability to manage the operation of the gaming site.
Here are some of the documents you will need to provide for the license.
- Certified or original copy of the utility bill;
- Certified copies of the passport;
- Proof of ownership of the domain;
- Police certificate;
- Original reference from the banker;
- Curriculum vitae;
- Original letter of reference from a lawyer or accountant;
- Software details, including 3rd certification by a party of the RNG, of the agreement and its fairness;
- A copy of the terms and conditions, including the underage gambling policy, the KYC player policy, and underage gambling.
Remember that the documents you submit must be older than 90 days. If you have these documents ready, you can apply without any hassle.
What is the cost of a Curacao license?
The cost of a gaming license varies depending on your needs and circumstances. But you’ll be happy to know that there is an option for almost any budget type. So depending on what you want, you can expect to pay anywhere from $ 15 to $ 35.
Curacao license for cryptocurrency projects
In recent times, cryptocurrencies have become more popular than ever. They have become all the rage because of the benefits they offer. Younger generations like to use crypto. As online casinos search for new ways to attract players, crypto has proven to be an amazing choice.
The process of securing a cryptocurrency license is similar to securing a regular license. Nonetheless, it comes with a few extra settings that make the process a bit longer and costly.
Curacao Gambling License Tax
Curacao offers the most favorable tax provisions for gambling sites. The GGR tax is levied on the net profit of actual games and can be as high as 25%. In addition, gaming companies are taxed on their net profits. The good thing is that Curacao does not take tax on gaming profits.
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