Quote from wealthideas on July 30, 2025, 11:41 am

Obtaining a Curacao gaming license is a popular choice for online gaming operators due to its cost-effectiveness, streamlined process, and global reach. This guide outlines the steps to secure a Curacao gaming license under the updated 2025 regulatory framework, governed by the National Ordinance on Games of Chance (LOK) and the Curacao Gaming Control Board (CGCB).

Step 1: Establish a Legal Entity in Curacao

• Requirement: Register a legal entity (e.g., B.V. or N.V.) in Curacao with a registered office in the e-zone and a local representative or managing director.

• Process:

  • Register the company with the Curacao Chamber of Commerce.

  • Ensure the company name is in Latin transcription, unique, and reflects the business activities.

  • Appoint a local agent or resident managing director to comply with legal requirements.

• Cost: Approximately EUR 3,300 for company incorporation, EUR 2,800 annually for maintenance, and EUR 2,800 annually for a local executive co-director.

• Timeframe: 2–4 weeks.

Step 2: Prepare Required Documentation

• Documents Needed:

  • Company Documents: Incorporation certificate, business plan detailing gaming activities, financial projections, and ownership structure.

  • Personal Documents: Notarized passport copies, proof of address (recent utility bill), CV/resume, and police clearance certificates for shareholders, directors, and ultimate beneficial owners (UBOs).

  • Operational Details: List of gaming activities, software providers, domain ownership proof, and Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) policies.

  • Technical Compliance: Certification of Random Number Generators (RNGs) and gaming software by an independent inspection body approved by the CGCB.

• Note: All documents must be in English or translated and notarized. Ensure transparency in disclosing UBOs.

Step 3: Open a Corporate Bank Account

• Requirement: Open a bank account in Curacao or through a European holding company to manage licensing fees and operational funds.

• Process: Work with a consultancy like Wealth Ideas Agency or GamingLicensing to leverage their banking networks for account setup.

• Timeframe: Approximately 4 weeks.

Step 4: Submit Application via CGCB Portal

• Process:

  • Access the CGCB online portal (launched November 1, 2023) to submit the application.

  • Complete the application form with details about the company, gaming activities, domains, and financial standing.

  • Upload all required documents and pay the application fee.

• License Types:

  • B2C License: For operators offering casino games, sports betting, lotteries, etc., directly to players.

  • B2B License: For suppliers providing gaming software, platforms, or payment solutions.

• Timeframe: The review process takes approximately 2 months.

Step 5: Pay Licensing Fees

• Costs:

  • Total estimated cost: EUR 73,400–88,900, including company formation, license preparation, and compliance processes.

  • Annual license fee: Approximately ANG 240,000 (for master licenses under the old system; new B2C/B2B fees vary).

  • Additional domain fees: ANG 500 per domain per year for more than 40 domains.

• Payment: Pay the licensing fee promptly upon document approval to avoid delays.

Step 6: Undergo Technical and Compliance Audits

• Requirement: Ensure gaming systems and software meet CGCB standards.

• Process:

  • Submit gaming equipment and software for testing by a CGCB-approved independent body.

  • Implement robust AML/CFT policies and responsible gaming measures.

  • Maintain an up-to-date list of equipment, software, and games for inspection.

Step 7: Receive the License

• Approval: If all requirements are met, the CGCB issues a full license valid for 1 year (renewable annually) or a provisional license (6 months, extendable for another 6 months) for minor non-compliance.

• Timeframe: 4–6 weeks from incorporation, assuming all documents are complete.

• Rejection: If rejected, file an objection with the Curacao Gaming Authority (CGA) or appeal to the Court of First Instance within 6 weeks.

Step 8: Maintain Compliance Post-Licensing

• Ongoing Requirements:

  • Submit regular reports to the CGCB, including player data, financial transactions, and incident reports.

  • Verify player accounts, funds, and game fairness within 6 months of licensing.

  • Comply with AML/CFT and responsible gaming regulations.

  • Renew the license annually with updated documentation and fees.

Key Benefits of a Curacao Gaming License

• Cost-Effective: Lower fees compared to jurisdictions like Malta or the Isle of Man.

• All-in-One License: Covers all gaming activities (casino, sports betting, poker, etc.) without needing multiple licenses.

• Global Reach: Operate in multiple regions (excluding restricted countries like the USA, Netherlands, France, and others).

• Tax Advantages: 2% net profit tax and no VAT for e-zone companies.

• Fast Process: License issuance in 4–6 weeks with proper documentation.

Important Considerations

• Restricted Markets: The license is not recognized in countries like the USA, Netherlands, France, and others. Operators must comply with local laws in target markets.

• Regulatory Changes: The LOK (effective December 24, 2024) replaced the master/sub-license system with direct B2C/B2B licenses, increasing costs and compliance requirements.

• Reputation: While cost-effective, Curacao’s license may be perceived as less prestigious than Malta or Isle of Man licenses.

Recommendation

Engage a consultancy like Wealth Ideas Agency, GamingLicensing, or Fast Offshore to streamline the process, ensure compliance, and avoid rejections. Their expertise can save time and reduce costs.

For further details or to start the application process, visit the Curacao Gaming Control Board portal at portal.gamingcontrolcuracao.org or contact a licensing expert.