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Offshore gaming licenses

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Vouggy

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Nov 6, 2017
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Hello Everyone,
I am developing a telegram bot that deals with gambling. I want to keep everything legal, but I don't want to pay $50k for a Gibraltar or Curaçao gaming license. I just want to know if anyone knows of anything cheaper. I did find Costa Rica's data processing licenses very reasonable ($10k) but would there by any alternatives to this? I know this isn't offshore banking but I'm just looking for a little help.

Thank you in advance.
-vouggy
 
1) there us no Costa Rican gaming license, and a data processing license is not‌ needed.
2) you will not get a bank account for a Costa Rican gambling entity,‍ licensed or unlicensed, so unless you go crypto CR is not an option.
 
My bot will only work with cryptos but I do want⁤ to be within the law if telegram comes after me. What would be the best⁣ jurisdiction to help me obtain a gaming license cheaply. I feel like I’m in a⁢ spot
 
Curaçao is the cheapest option with the most lax take on gambling in my opinion.‌ As stated above, Costa Rica is a very popular destination for unlicensed casinos (primarily crypto),‍ but good luck with bank operations. Go Curaçao. Incorporate an NV held by a management⁠ company, get a gambling license, and have your hosting and financials looked after. Will cost⁤ ~€10k right off the bat, and you'll incur monthly / yearly fees associated with management,⁣ hosting, and gambling license administration.
 
One vote more for Curaçao.

You will find provider around that will do the whole‌ setup (with Sub-License) including first year fees between $15 - $20K including a operating company.‍
As long you do not plan to resell license, there is no reason to go⁠ for a Master license there.

This setup is accepted by credit card merchants, Skrill, netteller,⁤ paysafecard ... in case you wan't allow more possibilities to get money.
 
Is Curacao considered a part of EEA since it's the part of Kingdom of Netherlands?‌ I believe it is but would like a confirmation of someone who has solid opinion‍ here.
Does somebody have an experience what this license practically mean? Am I (as a⁠ gambling provider) a subject of regular audits and mandatory reporting to some local authorities? Or⁤ nobody cares what you do and how?
 
do you know these⁠ guys or just help people here?
 
I'm dealing with a provider in Curaçao currently as well. Highly recommend their services. They're‌ currently incorporating a new NV company for us, will provide all administration and financial work‍ for the company, and provided us with hosting and compliance solutions. We already had an⁠ operating company setup in the EU, so no need for that. They have a very⁤ broad spectrum of services they offer, and have been a leading frontrunner in the industry⁣ for a very long time. Search up https://www.curacao-egaming.com/. They've been very professional and helpful.⁢
 
Hi, is there any websites you would recommend to register a⁤ costa rica gambling company? thank you
 
Thank you admin, will keep this in mind. Looking for a service provider that someone had‍ good results with and set up their company successfully
 
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) in︀ order to comply with EU regulations which appear to affect pretty much all PSPs.
 
A Curacao license is⁢ not going to cost you $50k, if you have been quoted this you are working︀ with the wrong provider. The actual corporate setup is not that expensive and you should︁ spend around €30k in your first year which includes your hardware, licensing costs, corporate setup︂ costs etc. Year two could be a lot cheaper if you keep things tidy.

Having said that, if you have a game that you want to test out then you︃ should work with GamblingTec.com as per this suggestion:

This is the most reasonable way to get going and at the︆ least, it will cost you around €415 per month, An additional bonus with working with︇ GamblingTec is the people behind it have a lot of experience and infrastructure that you︈ can piggy back off.
 
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 for the rack space + bandwidth + power).
 
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