Curaçao

Curacao. General information about online and gambling

Regulatory Authority: Curacao Internet Gaming Association (CIGA)

Stages:

Registration of a company in Curacao (e-Gaming Company); *
Acquisition of e-Zone status, allowing you to apply for a license; The e-Zone status provides a gaming company with a special tax status and allows you to pay only 2% - 3% income tax. In addition, the company is exempt from import duties and sales tax.
Payment of government contributions and payments;
Applying for an online casino license;**
The license holder must also apply for an establishment permit and a management permit from the local executive board.
Submission of documents for opening a bank account;
Submission of documents for obtaining a merchant account for receiving payments on the site

* Registration of a company in Curacao (e-Gaming Company)

Primary requirements:

Certificate of no criminal record from the owners of the company (3 months);
Passport copies;
Certificate from the bank from the owners (3 months);
Proof of address - copies of utility bills (3 months);
Standard know-your-customer (KYC) information (copies of passports, other documents);
Description of the proposed games;
Certified random number generator (RNG) (3rd party verification);
Information about the software used and a Technical System Testing (TST) report (or equivalent), if applicable. Geographic / target market
A declaration by the owners that they have blocked access to services for minors and warning information about gambling on the website;
servers must be located in approved data centers in Curacao.

** Applying for an online casino license

Applying:

written statement addressed to the governor
certificate of registration with the Chamber of Commerce and Industry
description of activities according to the charter
DD of all officers and shareholders.
business plan;
financial and economic justification during the first three years
two legal opinions-recommendations addressed to the Minister of Justice, must be submitted by certified lawyers, lawyers, etc.

The application is considered for about 6 weeks.

This license is subject to a number of conditions, among others NA?.60,000 (Netherlands Antillean guilder, 1 USD = 1.8 NAf) about 35,000 USD security deposit. If there are no objections, a license is issued for 5 years and the security deposit is returned. After the expiration of the five-year term, the license may be renewed.

The license holder is required to pay the state for the license NA?.10,000 (USD$5,000) - per month during the first two years of the license. After that, the size of the subscription fee must be determined again.

The license holder is required to submit to the Attorney General each year (a) a copy of its annual accounts and (b) written information relating to the financial arrangement with its information providers for that year.

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