Curacao eGaming Authority Review

The Curacao Gambling Commission (GCB) appeared in 1999. This body performed the function of monitoring the development of the real money gaming industry in the online environment and land-based establishments. But it is important to understand that this establishment does not issue a casino license because some other holders are engaged in this:

• Antillephone NV
• Gaming Curacao (GC)
• Curacao Interactive Licensing NV (CIL)
• Cyberluck Curacao NV

As you already understand, the GCB performed the function of checking the activity of gambling platforms and compliance with the regulations established by law. Our experts are confident that such an approach ensures the honesty and transparency of gambling on the territory of Australia and other regions of our planet.

Pros of the Curacao License

To increase trust on the part of casino players, any operator of gambling sites must allocate funds and time to obtain a license. This will improve the reputation and ensure the legality of the gaming platform. If you have chosen the Curaçao government license, then consider the advantages of obtaining this document:

• The low cost of a gaming license: The popularity of Curacao documentation largely depends on the low entry threshold, which allows significant savings compared to the purchase of a Maltese or British license.
• Quick verification of the company and issuance of a license: Often, testing the financial, legal, and other sectors of the company takes several weeks, which cannot be said about the multi-month testing of operators under the jurisdiction of Malta, for example.
• Softer control over compliance with regulations: On the one hand, this reduces the cost of resources and time for processing complaints or player demands. On the other hand, it becomes a reason for conflict situations that require the intervention of the licensor.
• Fast integration: Payment methods and popular financial providers have been working with Curaçao for a long time, simplifying their integration and set-up on the game site with a quick transition to playing for money.
• Cryptocurrency support: The jurisdiction of Curaçao is friendly to digital currencies, opening the world of instant deposits and withdrawals and anonymous games without additional commissions to gambling connoisseurs.
• Cooperation with top gambling providers: Most game software providers agree to work with licensed casinos equipped with Curaçao documentation, guaranteeing fast software integration on the online casino site.
• Low tax rates: Those wishing to obtain a license pay only a 2% profit tax.

Our experts learned that the island’s government today is trying to improve the methods of issuing license documents, which will simplify and reduce the cost of obtaining a license.

Security of Licensed Curacao Casinos

At this stage, our specialists found the licensor’s most important problem. The Curaçao Gaming Commission does not have a public register of licensors; even master license holders do not record this important information. Another reason for complicating license determination is the lack of a verification system for master license holders.

To check the license of payid online casinos, we advise you to always go to the bottom of the brand’s official website. The licensor’s seal must be fixed in the footer. By clicking on it, you will be redirected to the validator’s website, where you will find important information confirming the safety of the licensed casino: validation status, validity period, and official jurisdiction information.

Each license holder must redirect you to their site. For example, you found a casino licensed by Antillephone NV and found the licensor icon in the footer of the platform. After clicking on it, you should get to the site antillephone.com. If nothing happens when you click the print button or are redirected to an incomprehensible resource or PDF file, you are most likely on a fraudulent site. After all, the biggest disadvantage of the Curacao license is the ease of forging this documentation. But there is also good news: the government of the island of Curaçao is working on developing a single register of all license holders, which will help ensure ease of document verification.

Process of Obtaining a License in Curacao

Our experts have confirmed from personal experience that obtaining a license for the island of Curacao involves a much simpler procedure:

1. The future owner of the document discusses the analysis procedure and terms of license issuance. The operator is interested in the price of testing and taxes, compliance with certain requirements and legal regulations, verification of cash flows, and the source of capital. This also includes answers to related questions of the licensor, such as the absence of fraudulent schemes in the operator’s history.
2. Opening a company on the island of Curaçao and registration in the BV or NV format for further submission of a request for permit documentation. This is important because, without a legal address on the island, the operator does not have the right to apply for a license. Also, the company undertakes to appoint a resident as a manager and a shareholder, director, and co-owner of the established firm in Curacao. The following documents are required for this:

2.1 Notarized copy of passport

2.2 Original and copies of utility bills for address confirmation

2.3 Certificate of absence of criminal record and participation in criminal schemes issued by the police

2.4 Resume profiles on social networks, including LinkedIn

2.5 Letter of recommendation from the banking establishment

2.6 Evidence of rights to intellectual property, site domain, etc.

1. Analysis of information technologies used on the official website of the online casino. Checking the documentation related to the software. Our experts learned that this includes a software usage agreement, which is a mandatory norm for obtaining license documentation from the Curacao jurisdiction.
2. Application processing procedure with preliminary approval for one of the 4 main license holders. Yet, the operator continues to collect the necessary documents for faster verification and license issuance.
3. Definition of methods of combating money laundering and the policy of responsible gaming. This step involves the discussion of certain sequences that guarantee the maximum protection of players and the safety of their data. At the same stage, the operator evaluates long-term tasks in full compliance with AML/KYC (anti-money laundering and financial terrorism) regulations, a mandatory standard in Curacao.
4. At this stage, the creation of a company that will process payment operations is completed, for example, on the island of Cyprus. Then, an agreement on payment processing is signed between the operator and the subsidiary company.
5. The final step is to open a new bank account. Of course, online casino owners can start the process of opening an account before obtaining a license to quickly pass the stage of document verification and come to the moment of handing over the permit documentation with an open account. However, it is relevant for companies to be convinced of their activities’ financial purity and transparency.

Operators of gambling establishments must pay attention to familiarization with the pricing of each license holder. Our experts have determined that this sum is formed with the help of several payments: the registration fee from local companies, legal fees, and the fee for the license itself. But after you pay all the important commissions, the tax rate will be minimal: 2% on the net increase and the tax for the extension. Our specialists tried to find as much information about the commission as possible, but there was not enough information. However, we found out that Cyberluck charges an additional fee of 750 euros per registration.

Regulations on Licensed Curacao Casinos

The main idea of the Curacao license is to ensure strict adherence to local gambling regulations, combatting issues like bonus hunting, money laundering, and fraud. This approach maintains the license’s reputation globally while providing users with data confidentiality, secure transfers, and responsible gaming practices to reduce addiction and protect players.

Moreover, the licensor applies the following requirements to the online casino:

• To work safely in the jurisdiction, all online casino operators must apply for an official license and work according to the requirements
• The applicant undertakes to provide all documentation correctly completed and submitted within the time specified by the Curacao eGaming licensor
• The request is processed only after full payment of the registration fee and local taxes, as well as confirmation of receipt of money by the licensor’s team
• Even if you provide an incomplete set of documents or an incorrectly completed application, the commission will provide you with a list of missing documents or errors in the application process
• After approving the application, the operator will have to pay one-time fees for testing the company by employees of the gambling commission and taxes for using IP services with compliance with all requirements.
• The license of the island of Curaçao allows you to carry out legal gambling business outside the territory of many countries, considering a limited list of game software developers that the gaming commission has approved

Contact Information

Our experts have prepared information about the top 4 holders of the basic license. Find contacts for contacting licensors if you want to get an official license for the gambling business in Australia:

• Cyberluck Curacao NV

• Gaming Curacao (GC)

• Curacao Interactive Licensing NV (CIL)

• Antillephone NV