Technamin's Guide on How to Grab a Curacao Gaming License
For most iGaming companies conducting gaming operations for all games of chance and wagering, the Curacao gaming license is the go-to option when it comes to licensing. www.joymatik.com (Joymatik N.V.), a Technamin brand, holds the Gaming Curacao license. There are a number of reasons why Curacao is so popular:
That's right. The Curacao license is comparatively much easier to acquire than other licenses. In fact, if the process is done correctly, you can get it in the time-frame of 6 weeks.
This particular license is more friendly on the budget compared to others, which is why it tends to be popular with smaller businesses and start-ups. The island of Curacao incidentally also has low tax rates for businesses, which is also what makes the license cost-effective. We’ll go into more detail on fees later in this article.
Crypto payments are becoming more and more prevalent in the gaming and betting industry, especially online variants. Our founder and CEO, Suren Khachatryan, talks about this in his interview with iGaming Future . The Curacao license accepts crypto payments from operators, provided that they are compliant with relevant policies. This adds a ton of flexibility to your business.
By getting one Curacao sub-license, you'll be covered for all types of gambling, as well as conducting gaming operations for all games of chance and wagering.
Speaking of sub-licenses, it’s worth noting that the Curacao authorities have issued master licences to only a limited number of holders. In fact, there are only four of them:
The above-mentioned master license holders issue sub-licenses to businesses wishing to operate legally within said jurisdiction.
Now that you know the perks of the Curacao license, it’s time to figure out how you can get one.
The first thing you need to do is incorporate your business in Curacao. If you’re not sure how to do that, contact us now. Make sure you have your website, domain name, and platform and servers ready as well.
As always, if you want to show the authorities that you are operating a legitimate business, you must present paperwork. From our experience, the master license holders usually require the following documents:
Make sure you are extra careful in compiling these documents, and review them thoroughly so nothing is expired and not older than 3 months.
For your website, you should prepare the following texts in advance. Please also keep in mind that these texts are significant in terms of regulatory purposes.
It’s important to point out that your website will be reviewed by the master license holder technical compliance team prior to the approval of your application.
If you need help in this phase of the process, we at Technamin are here to assist you with our consultancy services!
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