cyprus consultancy The most stable iGaming Jurisdiction since 1996 with a single license for Casinos - Sports Betting - Lottery - Slots and other social games. MariCorp Curacao License Gambling

Curacao Gambling Specifications

Offering eGaming Licencing, Curaçao is one of the most stable iGaming Jurisdiction since 1996, Through a single license, you can have all forms of gaming offerings such as Casinos, Sports Betting, Exchanges, Lottery, Games of Skill and Chance.

A fairly simple application process (2-4 Weeks) regarding operating compliance requirements for  Curaçao eGaming License.

TECHNICAL REQUIREMENTS:

  • Domain ownership;
  • Presence of at least one physical server of the company in the jurisdiction;
  • Technical (Hardware and Software) audit of each gaming system;
  • Software Certification – RNG Certificate;

To be able to proceed with the eGaming Licence Curacao. they require servers hosting in Curacao, as well as overseas if they would prefer.

Cost and Duration of license

  • All Licenses are issued for one or two years and may be renewed on application, NBA can revoke or suspend a license in the event of failure to comply with the regulations under the “Article 24” of betting law 2012.
  • The Licensee must pay a fee of EUR 30,000 For one year and EUR 45,000 for two years.

Gaming Tax       

A combined rate of 13% which consist of 10% of net revenue and 3% contribution to the Authority which 2% is allocated to the Cyprus sport Federations and 1% to gambling addition programmes as stated to the (Article 71, Betting Law 2012).

AML Legislation

  • Accepted payment methods for Class B are Debit/Credit Card and/or other kinds of electronic payment(Article 54,Betting law 2012)
  • No cash transactions are allowed for Class-B licensees electronic bets (Article 58(1),Betting Law 2012).
  • Class B licensees are prohibited from accepting a bet, unless in the account maintained in the name of the player are sufficient funds to cover the amount of the bet
  • Class B license must maintain a valid bank account at an authorized banking institution operating in Cyprus.

Technical requirements

  • A backup server in the territory of republic of Cyprus which shall be linked to the authority’s computerized systems and have the ability to facilitate real time transactions and information’s about betting activities.
  • A specialized website address ending with TLD of “.com.cy” from the Cyprus cydns regulatory.
  • The betting platform must meet all the criteria as described in (Directive_13_2016) of Betting Law 2012
The Cyprus Online Betting  Consulting specialists.

Still have questions?

Call us at +357 24663570

Contact us

Where to find us:

81, Griva Digeni Avenue, MARINOS Court, 2nd floor, office 203

P.O. BOx  42656, P.C. 6501, 6043

Larnaca – Cyprus

Tel: +357 24663402 , Fax: +357 24663409

E-mail: admin@cyprusconsultancy.com

    The information on our website is not designed to offer professional advice and is not exhaustive but rather designed to give an idea of what our Company offers. Should you be interested to find out more about who we are and what we do kindly reach out to our highly skilled team members for a preliminary assessment of your needs and an introductory consultation.

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