Search results

So I spoke with the Master License holder in Curacao. It is strongly discouraged to set up a non-Curacao entity to operate a CW license and these are slowly being removed... Be careful what you decide to setup, it is possible you may end up with a double spend...

Take a look at www.gamblingetc.com it is an entry-level licensing solution. SoftSwiss is another company who may be able to help however Gtec is my personal favourite.

I would be interested to see how that works out. Maybe I learn something new.

Never heard of a Costa Rica company getting a Curacao Gambling License. To get the license you need a CW company with E-Zone status. Who is this provider?

I have not dealt with Costa Rica entities so I can not advise on that. A cursory google search should reveal a number of parties who can help. In terms of DAOs: Aragon

Feel free to add me on Skype (brendanjnash) I have a wealth of knowledge and am happy to help/advise where ever I can.

We have small (non-licensed) bitcoin casino hosting with us on our shared accounts for €10 - €30 per month, I am not quite sure what is insane about that? The licensed casinos, on the other hand, do spend a lot more and if you take a look at this article which covers the cost of a gambling...

If it is a pure crypto casino, here are some options: 1. Setup a DAO - use that as the company. At the end of the day, you choose your jurisdiction and unless you hand it to someone through a "registration" (pleading), no one will make a claim over you. 2. Setup a Costa Rica entity... it won't...

Where are you buying from?

The document is fine however your interpretation is inaccurate (perhaps due to the document not being clear). EEA = European Economic Areas OCT = Overseas Countries & Territories OCT countries are not part of the EEA... I hope that helps.

I added an article on Permanent Establishment in Curacao (work in progress) This is the reason why you own hardware, have a local office, local directors etc...

When you get your license, you will need to "own" a physical server on the island. This you can host at the local DC or you can work with us. What we do is to offer a VPS server + Shared Server + Host your Hardware for a very competitive fee (typically the same price that the DC will give you...

A Curacao license is not going to cost you $50k, if you have been quoted this you are working with the wrong provider. The actual corporate setup is not that expensive and you should spend around €30k in your first year which includes your hardware, licensing costs, corporate setup costs etc...

Curacao is not part of the EEA (it became an independent country in 2010). So for instance, when gambling companies require a processor, they will contract via an EU entity (child company) in order to comply with EU regulations which appear to affect pretty much all PSPs.

Payoneer an option?

Set up a structure like this: 1. Normal Company (with nominated directors) 2. The company is owned by a Foundation (Mauritius) which is considered a "person" with rights and privileges just like a natural person. It has a board of directors, no UBO, only beneficiaries and a Founder who are...

Personally, I am not keen on Cyprus, remember this: Bank of Cyprus depositors lose 47.5% of savings We use IE entities to as a means to contract with payment companies who transfer directly to the parent entity.

Setting up and managing offshore entities are generally expensive. Add trusts or foundations to them and your paperwork burden will increase as well as your costs. Where people get burnt is on the ongoing fees that are charged by the chosen management company. Fees can easily be €300 per hour...

This depends on how you structure your business. As an example, you could set up a company that is owned by a Foundation (Mauritius Foundations as an example). As your business turns over - it pays you a modest salary (you pay local taxes on that). The bulk of the earnings is then paid to the...

There are so many ways to structure something like this. If you have nothing to hide, then an Irish company would do just fine (12.5% tax) or a Mauritius entity (15%). If you want to squabble over the difference then you could use the entity as the sales entity that earns a royalty of some...