In this contemporary era where the online wagering industry is considered one of the fastest-growing entertainment industries in the UK, it is quite evident that fraudulent activities around the same will take a hike. In order to save people from getting cheated the requirement of a gambling license was made absolutely indispensable. Hence in order to operate legally, every gambling operator should have a license that is a token of compliance with all the rules and regulations for the industry according to law.
Offshore licenses are the ones that are operating from a distant place mostly island countries like Gibraltar, Costa Rica, and so on. These licensing authorities are less restrictive and more profitable for players all over the world. Apart from that the quality of games going to the software used are class apart. The locally imposed restrictions are invalid in the case of these license holders.
While sites registered under the UKGC need to abide by associated policies of GamBan, GamCare, GamStop which impose a lot of restrictions around self-exclusion, punters in the UK often find Curacao casino sites very generous and welcoming. The offshore sites operating with Curacao licenses are safe, credible, and legitimate. One example is Rolletto site which operates with this licence and offer an excellent collection of games. They offer a wonderful ensemble of games ranging from Slots, Table Games, Card Games, Bingo, Dart, and everything else, from top-tier providers such as Microgaming, Playtech, Play n’ Go, Azumi, etc. While each of these sites practices Responsible Gamgling and has forums that provide support to addicted gamblers, punters in the UK can still approach GamCare system for advice, even if they were playing at non-UK casinos.
About Curacao E-Gaming Licence
Curacao eGaming has been operating for more than the last two decades and is most popular among entrepreneurs trying to fuel their start-ups related to the same industry. It is considered one of the most popular license providers including more than 450 operators under its jurisdiction. They strictly abide by the laws and guidelines established by the government providing standard services to the customers. The government of Curacao is a strict follower of their anti-money laundering legislation and hence the online casinos are made to follow similar restrictions and regulate their business accordingly. It is considered one of the most accessible jurisdictions. The cost-efficiency of this licensing authority makes it perfectly suited for growing businesses.
Curacao legislation is able to issue two types of licenses to the operators. A master license and a sublicense. They both serve the same purpose of allowing the rights to operate lawfully but there are certain differences between these two. A master license will grant the power to the holder to provide sublicenses.
There are certain requirements that the operator has to meet in order to obtain a Curacao eGaming license. Transparency regarding the identity of the owner, the intentions of the business in the long run, and the sources of the funds for the business is an utter necessity in order to opt for this license. It is important for the authorities to first make sure that the applicant fits the requirement and carries good enough conduct to start their business under this legislation. Criminal records are thoroughly checked.
Is it Really Popular?
Curacao eGaming license is considered one of the most reputed as well as popular, especially among entrepreneurs. Many players are looking for a place where they can gamble without plenty of restrictions and checks and Curacao online casinos are excellent sources for this purpose. Additionally, there are many good land-based casinos with Curacao licences which are available in many locations for all players who like to travel.
Features of Curacao eGaming License
The features of this licensing authority include
- They possess a very progressive legislative system that is very careful about money laundering which is excellent in upholding the reputation. This invites players from all across the world and also helps maintain the trust of existing customers.
- The government of Curacao is politically stable that attracts business owners and entrepreneurs across the world to establish and branch out.
- The taxation policy of Curacao eGaming does not require holders of their licenses to pay tax for their revenue. But in order to gain profit, the revenue has to be generated from some other countries. The tax rate is significantly lower than that of other jurisdictions that abide by international standards complying with the practices of international taxation rules.
- It takes very limited time to generate a license and is probably regarded as one of the quickest and easiest licenses to get hold of. The process once provided with clear documents, is quite easy to keep up with.
- The affordability and cost-effectiveness make it the most favoured among start-up
- There are some additional fiscal incentives along with a zero VAT rate. There is no additional sales tax, No extra tax on bets, and that too without any restricted withdrawals along with any extra import duty fees.
Concluding Thoughts
There are a whole plethora of benefits one can enjoy after being associated with the Curacao jurisdiction with the additional benefit of security. It is one of the key things for many international companies which want to have more reputability. Many start-ups lean toward this authority because of its simplicity and stability.
