SBSB Fintech Lawyers is an international law firm specializing in fintech, cryptocurrencies, online gambling, and investments. For ten years, the company has successfully provided comprehensive legal services to leading companies in these innovative industries. Thanks to its exclusive specialization, SBSB Fintech Lawyers has become a recognized expert, skillfully navigating the complex and constantly changing legal landscape. The firm works with a variety of clients around the world, including crypto exchanges, blockchain projects, payment systems, online banks, P2P platforms, crowdfunding sites, online games, casinos, and lotteries.
The Legal Status of the Curacao License
The Curacao license is considered one of the most affordable and popular options for entering the international online gambling market. This island nation in the Caribbean was one of the first to issue licenses for online gambling operators. The casino and betting industry on this island nation is regulated by several entities, including the Ministry of Finance and the Gaming Control Board. Operators are required to follow the Anti Money Laundering Legislation to get a Curacao gaming license and report potentially suspicious transactions if they find any. There are three types of licenses available:
- master license;
- sublicense;
- GCB license.
A master license gives the right to issue sublicenses to other companies, but it is impossible to obtain currently, which is why many people ask firms like SBSB for help. A sublicense permits you to utilize the main license’s infrastructure and technical assistance. Obtaining GCB permission under NOOGH law guarantees adherence to the upcoming LOK legislation once it is implemented.
The main advantages include a favorable tax regime, low registration costs, the absence of strict requirements for authorized capital and physical office, as well as clear and transparent regulation, appreciated by both large companies and start-ups. To obtain a Curacao license, applicants must go through several steps, including registering a legal entity, preparing a detailed business plan, policies, and terms for the site, obtaining an RNG certificate, appointing a director, and submitting an application with a package of documents.
The Opportunity to Improve The Reputation of Your Business
While having this type of certification does not guarantee unfettered access to all markets, it does enhance the reputation and authority of a gambling website in the international gaming society. Obtaining permission in a prestigious offshore jurisdiction demonstrates the operator’s seriousness, commitment to the rule of law, and transparency. Relying on the experienced lawyers of SBSB Fintech Lawyers, gambling companies can be confident in impeccable support of the licensing process and further legal support for their activities.
