{"id":6276,"date":"2023-12-13T23:26:05","date_gmt":"2023-12-13T23:26:05","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/12\/13\/new-fee-structure-for-curacaos-gambling-licenses\/"},"modified":"2023-12-13T23:26:05","modified_gmt":"2023-12-13T23:26:05","slug":"new-fee-structure-for-curacaos-gambling-licenses","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/12\/13\/new-fee-structure-for-curacaos-gambling-licenses\/","title":{"rendered":"New Fee Structure for Cura\u00e7ao\u2019s Gambling Licenses"},"content":{"rendered":"
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Dutch Caribbean Island, Cura\u00e7ao, has recently updated<\/a> its online gambling licensing process with changes aiming to boost the industry\u2019s credibility and introduces new fee structures for gaming operators. The announcement, made by Cura\u00e7ao\u2019s Finance Minister Javier Silvania, outlines the fees for existing and upcoming licenses under the National Ordinance for Games of Chance (LOK).<\/p>\n

Under current regulations, Cura\u00e7ao\u00a0offers a single type of license covering up to 40 domains. This license doesn\u2019t require an application fee, and operators are charged an annual fee of ANG36,000 ($20,090) and a monthly fee of ANG7,000 ($3,884).<\/p>\n

The forthcoming LOK<\/a>, focusing on business-to-consumer (B2C) licenses, introduces different fee scales. Operators applying for these licenses must pay an application fee of ANG9,000 ($4,993). They also face due diligence fees ranging from ANG250 ($138) to ANG500 ($277) per individual, depending on the person\u2019s role. The monthly fees for these licenses are set at ANG4,000 ($2,219), with annual fees of ANG48,000 ($26,633). B2C licenses allow an unlimited number of domains, with an additional ANG500 ($277) per year.<\/p>\n

For operators transitioning from the current system to the new LOK, the ANG48,000 ($26,622) fee is waived in the first year. However, they will start paying this fee from the first anniversary of their license, and their monthly fee will decrease from ANG7,000 ($3,884) to ANG4,000 ($2,219).<\/p>\n

The LOK also mandates that all entities, including those directly interacting with players and those facilitating B2C operations, must hold a B2C license.<\/p>\n

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