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Obtaining the license is certainly an important step in the development of Kibo as the first fully decentralized international platform for lotto games. The license, issued by the regulator on Curacao, opens the door for legal interaction with players and partners in accordance with international legal norms.. Supporting Link: https://medium.
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For entrepreneurs looking to branch out into online gambling, Curacao has been perhaps the most obvious choice.The Curacao gaming license has one of the world's most popular options with some 1200+ online gambling operators licensed and operating from within the jurisdiction. But what makes it so popular? Curacao offers a one-size-fits-all license, regardless of the game type.
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Highlights of the Article. Under the current licensing regime, one Curacao license covers all gaming activities, making it an attractive choice for operators. The application process for a Curacao license takes about two weeks.; Curacao offers a 2% profit tax rate without VAT, fixed until 2025.; All applicants must provide identity proof, criminal record clearance, financial stability evidence.
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Changes in Curaçao Gaming License & Casino Regulations. The early days of June brought up news of some perturbation to one of the most liberal and, thus, preferred gambling jurisdictions in the world. Starting September 1, 2023, the Curacao gambling landscape will significantly change as the government plans to implement stricter licensing rules.
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New changes anticipate the elimination of this system. All licenses will be issued directly by the new state regulator - Curacao Gaming Authority (CGA). Master licenses and sublicenses will cease to exist. There will be a transition period for current sublicense holders, which we will discuss below. Also, a new type of license will be.
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the application for an online gaming license pursuant to the NOOGH by operators that wish to acquire an online gaming license directly from the Curaçao Gaming Control Board (GCB), and. the registration of operators that are currently offering online gaming in Curaçao on the basis of a contractual agreement with an existing license holder.
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During a presentation hosted by the Gaming Control Board of Curaçao (GCB) on August 15, it was unveiled that the anticipated new gambling legislation in Curaçao, referred to as the Landsverordening op de Kansspelen (LOK), is forecasted for a mid-2024 introduction.As of now, the LOK's draft remains within the legislative channels, with no accompanying secondary legislation or regulations.
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Curacao license holders must have a local presence, which means opening a physical office in the country. Moreover, within 2 years from obtaining a license, companies will be required to have local residents as key employees. New license cost. All money from license fees will go directly to the state budget.
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For information on the new Curacao Gaming License, contact us via [email protected], Linkedin, WhatsApp us: +972504938469 or Telegram us: GBO_International_Financial. Read Our previous article about.
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In order to apply for an online gaming license you need to download and complete three forms: The Online Gaming Application Form. The Business and Corporate Information Form. The Personal History Disclosure Form. Make sure you have the latest version of the forms. The current version is V011123. The last form must be completed for every.
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The approval will only grant the holder the right to operate games of chance, not to provide sublicenses; Curaçao's new license will include clauses encompassing anti-money laundering and responsible gaming obligations. After September 1st, existing master license holders will still be able to grant sub-licenses in accordance with applicable.
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For operators seeking to acquire a gambling license, the Curacao gaming license is frequently the favoured option due to its affordability and reasonable prerequisites. Nevertheless, obtaining a license can be daunting and intricate. Therefore, in this article, we shall furnish a comprehensive guide that elucidates the requisite steps for obtaining a Curacao gambling license.
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Since March 2020, the Curaçao Gaming Control Board (GCB) has been tasked with the licensing for and supervision of the online gaming sector on behalf of the Minister of Finance. As of November 15, 2023, the GCB shall be accepting and processing online gaming license applications from operators that wish to acquire an online gaming license.