Costs for gaming license Curacao
Costs for a Gaming License in Curaçao:
An estimate of the costs related to the obtaining of a gaming license in Curaçao is as follows:
- Firstly to create a Curaçao company; you need to undertake various steps. First, you’ll need to consider the estimated legal and notary costs, which amount to around $5,000. However, these costs may vary depending on the specific wishes of the client. For instance, factors like determining the desired provisions in the Articles of Incorporation, specifying the types of shares to issue, and establishing the number of shareholders can impact the final cost.
- Secondly to establish a local presence in Curaçao, it is mandatory to hire a local Director and secure a domicile (registered address). These essential costs typically amount to around $1,000 per month.
- Open a bank account for the company: To facilitate this process, the local Director will oversee the necessary steps. The associated costs are estimated to be $2,500.-.
- To apply for a payment gateway provider, the local Director will oversee the process. The estimated costs are about $2,500.-.
- Application for the gaming license: application will usually be done by lawyers, who verify that all necessary information is obtained and that all information is acceptable. Expected fees are $ 5,000.- for an application.
- Regarding the payment for the gaming license, once the application receives approval, operators must remit a monthly license fee of $4,500 to the Government of Curaçao. This information is sourced from the Minister of Finance of Curaçao and takes effect from Sept 1, 2023.
Summarized total costs:
ESTIMATED TOTAL STARTUP COSTS: $ 15,000.-.
ESTIMATED TOTAL MONTHLY COSTS $ 5,500 ($ 4,500.- for the monthly license, plus $ 1.000.- for local Director and domicile).
Curaçao holds a favorable position as a gaming jurisdiction in terms of reputation. Numerous countries worldwide acknowledge gaming licenses from Curaçao. Acquiring a license from Curaçao can actively empower gaming operators, enabling them to establish credibility and enhance their prospects for success.
ZL Attorneyshas been assisting companies for over 20 years, providing comprehensive support and handling all the work for you. ZL Attorneys at Law is a one-stop-shop for the obtaining of gaming licenses.
For more information go to ZL Attorneys at Law or email: firstname.lastname@example.org