Whether you are an established operator or a newbie in the industry, you must have heard of the Curacao gambling jurisdiction. The jurisdiction has been at the head of the iGaming industry for more than two decades, and it is still going strong. But what makes it stick out from the pack? Is it the all-encompassing gambling license or its low cost?
Keep reading to learn all the pros of obtaining a Curacao gaming license and what sets it apart from its competitors.
Benefits of the Curacao gaming license
Acquiring a Curacao gaming license is a straightforward process that is much easier than obtaining any other gambling certification of the exact nature. You can even get a Curacao license by GBO without moving a finger and allowing someone else to do the hard work for you. Aside from that, there are some benefits that you’ll love. Let us check them out.
Single license
Some jurisdictions offer different licenses based on the game types you’re planning to offer. A few even provide add-on permits depending on the classes that interest you. That means that if you want to offer categories like slots, live dealer titles, table games, bingo, lottery, and similar, you would need to obtain different licenses.
Luckily, that is not the case with the Curacao gaming license, as it covers all gaming-related activities and combines them into one license. Future operators can offer sports betting, RNG games, live casino, lottery, and more with one license and single cost. It also allows flexibility for companies that want to diversify their offer later.
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Cost-effective
Not only is the application process quick, but also highly economical. The Curacao gaming license will not take a big chunk out of your budget compared to other jurisdictions. The cost of obtaining it is around $20,000 but can vary slightly depending on certain factors.
On top of that, the waiting period is approximately six weeks. That means future operators do not have to worry about missing a deadline. You need to get all the necessary documentation and make sure everything is up to date to avoid possible delays.
When it comes to restricted countries, the list is not long. Operators with a Curacao gaming license cannot operate in places where online gambling is not allowed or regulated. These include Poland, Japan, North Korea, Qatar, UAE, China, Turkey, etc.
Now that you have a better understanding of Curacao gaming license countries — restrictions & costs, you can see why it stands out from its competitors.
Zero tax
When obtaining a gambling license, one of the essential things you should check is how much tax you will need to pay on revenue. Luckily, that is not an issue with Curacao. This jurisdiction does not impose a tax on revenue as long as all income is foreign-sourced. That means that the earnings should be generated outside of the country to meet any applicable economic rules.
Curacao’s zero tax rule is unique, so you won’t find any other jurisdictions with such low revenue taxes. Don’t worry — this is entirely compliant with international regulations and taxation practices.
Why is Curacao a good choice?
When it comes to choosing which gambling jurisdiction you want to approach, you will notice that many new businesses go with Curacao. But why is that the case?
The answer is evident if you want to avoid long waiting periods, tedious processes, complex procedures, and time-consuming tasks. Additionally, setting up a business in Curacao is not tricky. It will allow you to test the waters and decide whether this niche is the right option for you. So, you should not look any further for a stress-free and cost-effective license.
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