Curaçao

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Type of Company Entity Available for iGaming Firms: 

e-Zone Company in Curacao. The e-Zone Company can be either a N.V. (Naamloze Vennootschap) which is a Limited Liability Company or a B.V. (Besloten Vennootschap) which is a Private Limited Liability
Company. Both entities have the following requirements:
 

  • Capital divided in shares;
  • At least one shareholder is required. This shareholder can be an individual or a corporate entity;
  • One General Meeting of Shareholders must be held a year. This meeting must be held in the Netherlands Antilles in person or by proxy by the foreign shareholder;
  • At least one managing director must be a resident in Curacao. Managing directors can be individuals or entities;
  • A registered office and address must be maintained in the jurisdiction and in an designated e-Zone area in particular;
  • A minimum capital amount is needed for incorporation;
  • Shares are issued in registered form and can be converted into bearer shares;
  • Shareholder’s register is not open for public inspection.
Corporation Tax Rate: 

2% of Net Profits; no import duties, no sales (turnover) tax. Expatriate employees working for an e-Zone Company can be entitled to a special income tax regime subject to obtaining the necessary ruling. e-Zone Permit is required to be obtained prior to operations.

Additional Gaming Tax Rate: 

None.

Minimum Share Capital for an iGaming Company: 

No minimum capital is required.

Security Requirements/Indemnity for Players Deposits: 
The security requirements and/or indemnity for players’ deposit are subject to the Master License holder.
Licence Fee: 

The fee for a sub-license is subject to the discretion of the Master License Holder and varies in practice approximately from USD$1,000 a month to USD$5,600 a month.

Licence Duration: 

By law the sub-license is valid for an indefinite period under a valid Master License. The Master License is valid for a period of five years and will automatically be renewed unless conditions and requirements set by authorities are not met.

Do Local Banks Process Online Gaming Transactions: 

No, these services are rendered to Curacao companies by renowned international gaming-friendly banks.

Bandwidth Type Available: 
  • Multi-gigabit
  • 5 international fibre links
  • Self-healing ring
  • Fully redundant
Software Testing Requirements: 
  • Certification of RNG
  • Games need approval of Minister of Justice
Reporting Requirements to the iGaming Regulators and/or Financial Regulator: 

Requirements may vary according to circumstances. Copies of communications between company and client, including but not limited to gaming rules, result of game and pay-out to be available to Regulator or supervising authority for five years. The responsibility at all times remains with the Master License holder.

Anti-Money Laundering Policy for iGaming Firms: 

National Anti-Money Laundering Regulations, Unusual Transactions Act, Counter-Terrorism Financing Regulations and Know Your Customer Policies are applicable to all Curacao Companies.International standards apply.

Restrictions on Jurisdictions from which you can take Wagers: 

Netherlands Antilles.

Contact Details of Government Department or Regulator: 

Department of Justice of the Netherlands Antilles
Wilhelminaplein z/n, Curacao, Netherlands Antilles
Attention: Mr. Herbert Coffie
Herbert.coffie@gov.an