Gambling License Price

Operators looking to obtain a remote gambling license in Malta are required to undergo a rigorous application process. Remote gaming license Malta. Learn how to get a gambling license in the Caribbean island of Curacao, one of the world’s most popular jurisdictions for online casino operators.

Curacao's gambling license and online games became the main industry for jurisdiction in 2002, when regulation separated online games from the Curacao Gaming Control Board.

Curacao Gambling License Price

Curacao is an old and stable gaming license provider. Jurisdiction regulates games since 1993 and is one of the first jurisdictions regulating this gambling area. Curaçao has recently become as well-known and respectful jurisdiction for online game operators.

One of the main advantages in Curaçao is that there is no VAT in Curaçao, and the corporate income tax rate is only 2%, besides, there is no tax on rates, no import duties, no sales tax (turnover).

Since 2002, Curaçao has been offering a very attractive environment for international online gaming operators, since jurisdiction offers only one type of license that covers all online game products, including casinos, games with skills, and sports bets.

The operator must register a company on the island and have a local administrator. The company will be created as an e-Zone company in order to benefit only from two percent of corporate tax. One of the license requirements for gambling in Curaçao is hosting a minimal backup of the customer database and transactions.

Curaçao offers two types of licenses, Master and Sub-licenses, while both licenses cover gaming operators, the difference is that the main license can offer a sub-license, but the sub-license cannot offer a sub-license. However, in addition, the sub-license has the same rights as the full license for the legitimate exploitation of the gaming business. Only one license is required to cover all game actions.

Curacao Gambling License - Benefits

Gambling license Curacao has interesting advantages. Many gambling operators have decided to make Curaçao their home because of its well-developed tax laws and relatively quick and inexpensive licensing procedures.

Owners of core licenses are allowed to sublicense to anyone. A sub-license comes with all the benefits of a basic license, except for the ability to rent out a sub-license. However, the owner of the primary license is responsible for all actions of all sublicense holders. This should be taken into account when you are about to get a gambling license for Curaçao.

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The gambling license of Curaçao is also attractive in terms of simplicity for gambling. Any type of gambling requires only one license. It doesn't matter if you run a casino, bookmaker or website that combines all of this, one license is all you need.

Gambling Curacao license is easier to obtain if you contact us for help. Easier than working with the British Gambling Commission or most other licensing agencies, in which there are several types of licenses, fees that cost hundreds of thousands of dollars.

In addition to licensing and regulation, Curacao eGaming provides technical and financial support for the online gambling industry. Some of these services include specialized services, private cloud servers, international finance, and assistance with other issues related to launching an online casino.

Gambling Curacao license - disadvantages

The biggest drawback of the Curaçao license is that online casinos with this license are less trusting than casinos with licenses from other jurisdictions.

Of course, there are many safe and respectable gambling in Curacao. This is a safe legal place to create an online casino. However, a license for an online casino in Curaçao is not a quick ticket to trust.

If you have any problems with their licensing or you have any specific questions that are not answered, you can contact us at any time.

Latvia is among the countries with favorable environment for gambling business due to advantageous tax system. In order to start gambling business in Latvia a state license is required.

In 2017 the country accounts for 6 land-based casinos, 320 slot halls, 57 totes and 7 licensed online casinos. Most of the facilities are located in Riga. In the last few years, the profit of Latvian gambling has been steadily growing (according to the official statistics, the income of virtual casinos alone increased by €13 million from 2014 to 2016). However, this growth cannot be called hasty. The reason is the fact that licensing of gambling in Latvia has its pitfalls.

From the nineties down to our days

When Latvia was part of the USSR, gambling in it was banned, except for the state lottery, as well as within the rest of the Union. The first casinos appeared when the Baltic country became independent, that is, after 1990. Since the beginning, gambling activities in Latvia have been licensed, but until 1994 there was no established procedure (licenses were issued by several agencies and were not included into a single register).

In 1994, laws On Lotteries and Gambling and On Duty and Tax on Lotteries and Gambling were adopted, which specified the algorithm for tax payment and the procedure for issuing licenses.

How Much Does It Cost To Get A Gambling License

In 1995, 2005 and 2014, the legislation was amended: the requirements for casinos were tightened, the share of foreign companies was limited, and unlicensed online operators were banned.

Today, it is not difficult to get a license for gambling business in Latvia, but there are some nuances that restrain the market development.

Procedure for license issuing and its duration

Bookmakers, casinos and gambling halls in Latvia are licensed according to the same scheme. It includes two stages:

How Much Does A Casino License Cost

► submitting an application to the Lotteries and Gambling Supervision Inspection of Latvia;
► paying a fee of €427 000.

In addition to the fee, you may need to pay additional permits.

The license price is low compared to other options, but its duration is shorter than in many other countries: just a year. After the expiration of this period, the entire procedure must be repeated.

Restrictions on license obtaining

When application is considered, regulatory authorities pay attention to a citizenship of business founders. According to the law, at least 50% of the company's management must be Latvian citizens.

In addition, when licensing online casinos and slots, state agencies conduct an inspection of equipment. This can entail additional expenses and requires more time.

Gambling License Prices

Another legislative innovation introduced in 2017 is a ban on locating casinos in the historic center of Riga, except for four- and five-star hotels. Some operators noted that such initiative had a negative impact on their revenues.

The government of Latvia sees gambling in a positive light, however, limitations and legislative nuances require careful working out of each step when entering the market. Riga Gaming Congress, which will be held in the Latvian capital on October 12, will discuss all challenging aspects of legislation and ways to improve the profitability of gambling business.