When it comes to operating an online gambling business, obtaining the right license is crucial for legality and credibility. Curacao, a popular jurisdiction for online gambling operators, offers licenses that allow businesses to legally operate their online casinos and betting platforms. Curacao offers two primary types of online gambling licenses:
- The Master License
- Sub-License
The Master License is issued directly by the Government of Curacao and has a higher cost associated with it. On the other hand, the Sub-License is obtained through an existing Master License holder, which reduces the initial investment required. Both licenses grant the licensee the legal authority to conduct online gambling activities under the jurisdiction of Curacao.
The cost of obtaining an online gambling license in Curacao varies depending on the type of license chosen. The Master License, which allows operators to issue their own sub-licenses, generally involves an application fee ranging from $30,000 to $45,000. Additionally, there are annual fees of around $10,000 to $25,000 to maintain the license.
In contrast, the Sub-License, obtained through a Master License holder, offers a more cost-effective option for operators. The initial setup fees for a Sub-License typically range from $5,000 to $10,000, with annual fees ranging from $2,000 to $5,000. While the cost of the license is a significant factor, operators must also consider other expenses, such as corporate setup, legal consultation, and compliance requirements.
These additional costs may include company registration, corporate bank account setup, and ongoing compliance procedures. It is essential to consult with experts in the field to ensure a thorough understanding of the entire process and associated cost.
