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🏅 Best Curacao Licensed Casinos 2021

Curacao casinos are in abundance but when you consider the amount of leeways that the operators are given, you might find it hard to find a trustworthy casino. If you’re in the beginning of your casino adventure, you will surely want to pick up a great welcome bonus along the way. Most casinos with a Curacao license will offer some type of deposit bonus when playing for real money .

History of the Curacao License

The Curacao license was first set up in 1996 and at the time, it was the only iGaming license available. In 2002, the Curacao Commission was able to decentralize from the Gaming Control Board. Since the island’s independence, Curacao casinos had a massive boom due to being able to set up their own rules and regulations with no competition to consider. Nowadays, they only offer one license for all.

Over the years, the reputation of the Curacao license has been tainted but some improvements have been noticed. An example is how in 2014 new regulations were introduced within sports betting. Operating with the government, the Curacao Commission offers favourable conditions for offshore gaming operations due to a low tax rate and the simplicity of the application process.

How Does the Curacao License Work?

The entity that can grant a Curacao license is the Justice Minister of Curacao. The official online licensing authority, CIGA, has granted the Curacao Gambling Commission with a Master License. Operators with a Curacao license can also apply to obtain a sublicense from:

• ➡️ Antillephone NV
• ➡️ Curacao Interactive Licensing N.V
• ➡️ Cyberluck Curacao N.V
• ➡️ Gaming Curacao

As already mentioned, the Curacao license follows a one-for-all approach. This means that there is only one type of license available unlike the MGA who offers 4 different type of licenses.

Requirements

In order to be able to obtain a Curacao gaming license, operators need to have specific requirements. The following list contains all the criteria that an applicant will need to have in order to obtain the license.

• ✅ Only those companies within the Caribbean Island can apply for a sublicense.
• ✅ Applicants must have invested in some type of hardware on the island.
• ✅ Operators need to have an open local bank account, with payments done in the local currency.
• ✅ Applicants must invest in e-wallets and other payment methods.
• ✅ The operators must show a detailed business plan along with responsible gaming by promoting anti-money laundering and the reduction of under-age betting.
• ✅ Owners must provide a clean criminal record as well as proof of sufficient capital and past account records.

These requirements are the main points that need to be fulfilled. Some Master Licenses might ask for more documentation for proof. This part of the application process is considered as the most time-consuming section. Once the operator collects all information. The approval should take only a few weeks, unless you have some missing documentation or they need to further investigate.

The Application Process

On average, the entire process of setting up a Curacao eGaming License is of around 2-4 weeks. This depends on how long the applicants take to hand in all necessary documentations to complete the approval process and to meet all compliance requirements. Once the applicant has all documentation in place, these can be sent via electronic format or courier to officially begin the process.

• 1️⃣ The applicant will firstly request to obtain the Curacao eGaming license along with the service guide and application form.
• 2️⃣ The applicant must submit all required documentation along with the application form either via email or by courier.
• 3️⃣ After the payment for the application is received, the team will begin the application process.
• 4️⃣ If the application and the attached documentations are not according to the requirements, the applicant will be provided with a checklist.
• 5️⃣ Those approved will be required to pay all necessary fees and deposits.
• 6️⃣ After doing so, officers and engineers from the Curacao License will conduct regular audits to check that everything is in order and avoid unnecessary penalties.

Included in the License Package

Who can apply for the Curacao License?

One of the advantages of obtaining a Curacao license is that it is flexible when it comes to country restrictions. Only a few countries are restricted including the jurisdiction itself, other Caribbean Islands, UK and USA. When it comes to payment solutions, some issues may be noticed especially with countries like Canada and Australia where they need a local license for PSPs.

Curacao License Costs

This license is considered to be the cheap alternative due to the low tax rates and being the least expensive when compared with other licenses. Nonetheless, one needs to consider the external fees. The sub-license fee is around €4,000-€5,000 a year. Moreover, applicants need to pay a one-time fee for the submission of their proposal and an annual e-zone application charge. One must also consider management and administration fees since the company needs to be set up locally. Putting everything together, having a Curacao license will cost you around €20,000-€30,000.

Curacao License Reputation

Due to past controversies associated with pirated games and money laundering, the Curacao Commission seems to have tainted their reputation. Fortunately, they have managed to improve during the past few years. Nonetheless, obtaining this license is considered much easier than others.

Curacao License FAQ