Step-by-Step Guide to Applying for a Curacao Gaming License

• Long established as a strategic move in business entry into the world of online gambling, applying for a Curacao Gaming License takes advantage of international renown and flexibility. It started back in 1996 with the National Offshore Gambling Decree of 1993 and has continued to evolve to allow for over 1,200 online gambling operators.  

• The newly established Curacao Gaming Control Board (CGCB) has recently introduced reforms, which have transformed the licensing process into a more modern, centralized process with two main license types: B2B for service providers and B2C for operators who engage directly with players. Such a simplified structure, in which all gambling activities fall under one umbrella, enables entrepreneurs to apply easily.  

• Additionally, operators are now required to register company in Curacao and maintain a local office presence, ensuring greater regulatory oversight and alignment with global compliance standards. While it is still considered as one of the better alternatives to obtain a Curacao gaming license due to the support for cryptocurrencies and the tax-friendly environment combined with access to international markets. 

Steps for applying for a Curacao Gaming License 

Step 1: Incorporating your company in Curacao 

• To begin your route to a Curacao gaming license, you first have to establish a legal entity in Curacao. The most favored structure for most gaming companies is LLC since it is quite flexible, it limits the liability of its members, and its tax setup is less complicated. This structure is quite common among start-ups and small gaming businesses due to the easy and rapid formation process.  

• However, the best for your company depends on its requirements. Tetra Consultants' business setup experts can guide you through this, and we will handle the registration with the Curaçao Chamber of Commerce & Industry, provide a registered address, local agents or company secretary, and a nominee director services if required. Generally, you can expect the entire incorporation process to be complete within 2 weeks. 

• Additionally, we also provide international trademark registration services for globally protecting your company brand name. 

Step 2: Corporate bank account opening 

• Once your company has been registered, we will proceed with corporate bank account opening. Tetra Consultants utilizes its extensive network of banks to open an account with one it can trust, thereby covering your minimum paid-up capital, as stipulated, is paid. This whole process of opening the account takes around 4 weeks, and once you have this account opened for your business, you get one step closer to getting that Curacao gaming license. 

Step 3: Preparing your application documents 

• Then we will proceed to the documentation process. Tetra Consultants will draft all the documents for the license application. The package comprises a full business plan that details information regarding the game, rules, terms and conditions, software, and financial projections and also very important policies such as an AML and CFT policy. Once all the documents are drafted, we will send them over for e-signatures and move on to making the application submission. 

Step 4: Ensuring local economic substance requirements 

• To meet the regulatory requirements of the Curacao Gaming Control Board, you would require a local address in Curacao and approval from key people involved, including a Compliance Officer. Tetra Consultants will help you in the process by hiring and conducting some preliminary screening of key appointments before coordinating interviews with other applicants to find the most suitable fit for your team. We will also assist in finding office space that is within your budget and needs and help draw up the necessary rental agreements. 

Step 5: Submitting your license application 

• Tetra Consultants will then present the completed application to the Curacao Gaming Control Board. Depending on the process that the regulator requires, you will be invited for an interview and audits. We will prepare you for the interview and ensure that you act upon any additional regulatory requirements they may require. Provided all things are equal, your company will be issued a gaming license, and it will be able to start operations within the stipulated time. 

Step 6: Staying compliant post-license 

• Once your gaming license has been approved, Tetra Consultants will continue to assist you to ensure that you meet ongoing requirements of compliance. Annual audited financial statements could be submitted to regulatory authorities. You would also monitor tax and accounting obligations and thus be in good standing under local laws. 

Conclusion 

• The strategic move forward for a person who would want to enter the business of online gaming with ease and confidence would be applying for a Curacao gaming license with Tetra Consultants. Our team of experts will help you in every single step, from incorporation of the company to meeting the regulatory requirements of the local land and finally obtaining the license.  

• We offer years of experience in international law, licensing, and compliance and ensure the process runs seamlessly so you can focus on developing a thriving gaming business. We provide you with the help required from the initial stages to post-licensing compliance and ensure you establish a sound basis for growth in the welcoming Curacao business environment. 

• Contact us to find out more about applying for a Curacao gaming license. Our team of experts will revert within the next 24 hours.