Putting the Spotlight on Curacao Licenses
Slotegrator, the popular iGaming technology supplier, has released an analysis of why the Curacao license continues to remain popular with operators.
The island in the south Caribbean became popular with operators due to its favorable tax conditions and its business-friendly regulations. The island’s Ministry of Finance and the Financial Intelligence Unit are responsible for issuing licenses on the island.
There are two forms of license, the master licenses and the sublicenses. Only the Minister of Justice can grant master licenses; however, a master license holder may issue an unlimited number of sublicenses. Sublicenses remain valid for as long as the base license remains active.
Since 1996 just four master licenses have been granted in Curacao, to Cyberluck Curaçao NV (Curaçao-eGaming) #1668/JAZ, Gaming Curaçao (GC) #365/JAZ, Curaçao Interactive Licensing NV (CIL) #5536/JAZ , and Antillephone NV #8048/JAZ.
Each of these entities may issue sublicenses. There are numerous reasons why operators look to a Curacao license. For instance, just one license is needed for all forms of gambling; there is no VAT, income tax is very low, and so on.
However, while it is generally considered easier to obtain a license in Curacao than in other jurisdictions, there are still many conditions that operators must meet. The standards compliance committee, part of the master license, will decide whether the relevant conditions have been met. Slotegrator prides itself on its expertise in guiding potential operators through the license application process.
However, while at present the licensing conditions in Curacao are very favorable, potential operators should be aware that this week the island announced that it would overhaul its system and establish a new Curacao licensing body. While Slotegrator is sure to be able to aid operators seeking a license, it looks as if the days of easy Curacao licenses are drawing to a close.