There is a PricewaterhouseCoopers location in my city. I wonder if they would be able to help me with business in another country because I am not able to fly anywhere right now.
Curacao + Cyprus incorporation and gambling license
- Thread starter Bots
- Start date
- Status
It is never going to be the same. They can make the connection for you but they will not be the same as if you fly there!
Toggle signature
Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
You need to check with your master licensee about that. Some of them don't like it when you let customers play in a non-fiat currency. Some don't let newbies on the market offer it.
That's generally correct but it's also not quite that simple. It's not possible to just magically move money from Cyprus to Curaçao. It has to be done under a proper agency agreement that's compliant with transfer pricing regulations. These aren't hard to prepare, though.
Depending on the PSP, you might not need the Cyprus company. There are times when it's advantageous and necessary, and sometimes it's not needed at all.
Toggle signature
This is the probably the answer to your question.
Hey @Bots,
Drop me an email and let's schedule a complimentary call to speak this through. We provide such services (including legal advice).
Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!
Drop me an email and let's schedule a complimentary call to speak this through. We provide such services (including legal advice).
Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!
You can still get lot's of troubles if you run a unregulated Gambling website anywhere.
Unless you are going to hide your identity I would not go all on on such a solution unless it's licensed. OP claim he has the money, so I don't understand why he can't fly, maybe he is posting from inside of a prison, counting his money and gold bars from there which he want to invest in a license, not sure, but if he has the money requires a license will be the best.
Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.
Unless you are going to hide your identity I would not go all on on such a solution unless it's licensed. OP claim he has the money, so I don't understand why he can't fly, maybe he is posting from inside of a prison, counting his money and gold bars from there which he want to invest in a license, not sure, but if he has the money requires a license will be the best.
Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.
if its a pure crypto casino what troubles can he get in?
there are plenty of reliable sources. Look for the legal/advisory companys that exhibited at London Ice. There are many there that can help you.
Sure, nothing is impossible but speaking from actual experience and observation I'd say it is extremely unrealistic.
That's why you diversify with multiple mids but for it to only survive a few days is just very bad luck. Not to mention that it's also illegal.
Assuming you rub shoulders with C-level executives of said banks, sure. If you truly believe you can get MIDs for this I know people personally that would pay $100,000 for these kind of introductions (assuming there's a reasonably low % of declines and success).
Last edited: Jun 11, 2021
Opening a regular gambling MID for a Cypriot subsidiary of a Curacao company is not extremely unrealistic. It's basic stuff. A lot of countries will be blocked so it might not fit your business model but we don't know the target geos here. If you need access to those countries, that's when you need more sophisticated solutions.
What good is another MID for your Estonian crypto exchange if the directors, the UBO, and the URL all end up on the scheme black lists?
A few days isn't bad luck. It's bad management and can happen to anyone who doesn't know what they're doing.
Then I wish those people one day meet with some of the experts in the industry, because this really doesn't sound impossible at all. It's all about networking to find those people.
Toggle signature
This is the probably the answer to your question.
In this thread we are discussing crypto/virtual items gambling e.g CSGO skins and not FIAT. FIAT processing with Curacao licensing is quite simple.
You wouldn't have to cloak your crypto exchange since the payment flow makes the user opt-in to transfer the bought cryptocurrency to the gambling website. With cloak, I was more addressing e.g a e-commerce websites selling dog toys as an example when in reality it's just a front to receive payments for your casino.
I know. It's a slight quirk but nothing insurmountable. It comes down to networking.
That doesn't mean anything if it's a scheme auditor signing up and "opting in." What you're doing is still transaction layering. If you read the scheme notices that have been going out over the past two years, you'll see that they are targeting exactly these kind of crypto setups. It can be done, it's just not as easy as setting up a crypto exchange and off you go.
Toggle signature
This is the probably the answer to your question.
I think I will try to speak with my local pwc or the pwc in curacao since they're probably bilingual. I can't see as many things going wrong if I go through them. Thanks everyone for the information and if there is any other key info I should know please respond to this. Thanks!
open a thread inside mentor group gold and I will give you some hints for your venture, just to get you started.
Toggle signature
Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Hi all, i am looking to acquire a curacao licence with cyprus entity to deal with psps in Europe. Does anyone know the correct set up for those companies ? Curacao company needs to own the cyprus company or it can be the other way around ?
Thank you
Thank you
- Status