Which jurisdiction should I prefer?
If you are interested in the issue of obtaining permits for online casinos, you will probably be faced with the problem of choosing between two jurisdictions.
It is about Curacao and Costa Rica. In fact, both states occupy leading positions in the market for issuing such permits.
They are popular because they offer registration at an affordable cost, and the procedure is performed in the shortest possible time when providing a fairly modest package of documentation.
Let’s take a closer look at the pricing and conditions for obtaining a game license. If value comes to the fore, then Costa Rica will be a much better option.
The cost of obtaining a license here rarely exceeds the threshold of 17 thousand dollars. At the same time, in Curacao, prices start at $ 24,000.
In addition, maintaining and renewing permits in Costa Rica is also more beneficial. With a license that was issued in Costa Rica, you can engage in gaming activities in different countries of the world.
But the documents of Curacao have limitations.
They can only be used in the USA, Netherlands and France. Based on the foregoing, many will immediately prefer Costa Rica, but there are other significant criteria that should be taken into account.
Why, despite the presence of such positive characteristics in Costa Rica, most of the leading casinos that operate in online mode still prefer a license issued in Curacao?
First of all, it should be emphasized that the presence of permits for Curacao is prestigious.
Also, the owners of such a license can cooperate with global game providers, open bank accounts, connect acquiring and enjoy other indisputable advantages.
Curacao’s license is the key to customer trust in your company. Also guaranteed low taxation, which is only 2%.
Secondly, it should be noted that Costa Rica is not part of the Hague Convention. For this reason, legalization of corporate documentation is difficult.
There may also be problems with opening bank accounts. On Costa Rica there are no game licenses. Companies that received permits there are supposedly working in the field of “data processing”.
Based on the foregoing, we can conclude that it is much better to pay more money, but at the same time get more opportunities to work and minimize obstacles encountered on the way.
The choice is still yours. In any case, our company will be happy to provide you with qualified assistance and support in achieving your plans.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.