Eternity Law International — News — The New Curacao Gambling License 2024

The New Curacao Gambling License 2024

Published:
August 27, 2024

First of all, anyone who is eager to start an online gambling business has to ponder about legal requirements and take into account that violating it may lead to unpleasant consequences, which all entrepreneurs want to keep away from.

Obtaining a gambling license in Curacao in 2024, which is common among diverse operators, demands heedful consideration because of its recent alterations.

This article will help you to sort out all nuances about Curacao gambling legislation 2024.

The pros of Curacao gambling license 2024

The permit is appealing with its easy and cost-effective way of receiving, which makes your start in the field straightforward. 

Here’s some benefits of a permit you ought to keep in mind:

  • It carries a considerable weight in the industry. Its recognition and proven reputation serve as a powerful seal of approval;
  • It has a wide global market coverage. Nevertheless, there are exceptions in some states, so operators ought to look over the current list for any alterations;
  • It strikes a balance between authorized gaming activities and the crypto transactions’ world;
  • Under the permit, operators are able to provide a great deal of gambling activities, which allows them to make away with other kinds of licenses.

You ought to familiarize yourself with these perks before getting a permit.

Curacao gambling license application 2024

The improved application procedure is now set up to in-depth research and evaluate shareholders and potential enterprise. To secure a permit and keep away from unwanted expenses, operators ought to present all obligatory data in advance.

So, here’s Curacao gambling permit demands 2024:

  • An enrolled enterprise presence inside the state;
  • A regional representative;
  • A thorough characterization of the games you provide;
  • Publishment of the clear Terms of Use on the website;
  • Provement of possession of the website domain;
  • Minimum one physical server within the legal authority;
  • Implementation on AML measures for every player;
  • Rigorous technical audit of all gaming systems;
  • Getting RNG certification;
  • A list of particular papers that are obligatory for request;
  • Enrollment is prohibited for minors, US inhabitants, and those from the Dutch Antilles.

You must complete these three forms distantly for the request initiation:

  • Online Gaming Application Form;
  • Business and Corporate Information Form;
  • Personal History Disclosure Form

The candidates ought to upload all mandatory papers to the portal afterwards.

The review takes around 60 days. 

When rigorous evaluation is finished, a person receives a permit to work under the country’s jurisdiction for a year.

NOOGH and LOK: A Comparison

Currently, the GCB only issues general operating permits under the NOOGH law, without distinguishing between B2B and B2C operations. Nevertheless, the upcoming LOK legislation alters this. Section 4 of a new Online Gaming Application Form mandates that any organization engaging in B2C operations, as defined by the legislation, has to get a separate B2C permit.

Curacao gambling license alternative 

Anjouan gambling permit is another reliable and budget-friendly type of permit. 

Similar to Curacao, the Anjouan offers a reputable permit variant for operators. The regulatory structure there offers a protected and lawful environment for enterprises. 

This permit is dependable, cost-effective, and efficient. So, in case you seek a reliable licensing solution, Anjouan presents a cogent variant.

Conclusion

Eventually, the purchase of a permit in today’s iGaming field is an essential step to extend global market penetration. Curacao actively fortifies its legal structure thanks to continuous reforms implemented by the authority.

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