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Technamin's Guide on How to Grab a Curacao Gaming License in 2022

For most iGaming companies conducting gaming operations for all games of chance and wagering, the Curacao gaming license is the go-to option when it comes to licensing. www.joymatik.com (Joymatik N.V.), a Technamin brand, holds the Gaming Curacao license. There are a number of reasons why Curacao is so popular:

1. It's Easy to Get

That's right. The Curacao license is comparatively much easier to acquire than other licenses. In fact, if the process is done correctly, you can get it in the time-frame of 6 weeks.

2. It's Cost-Effective

This particular license is more friendly on the budget compared to others, which is why it tends to be popular with smaller businesses and start-ups. The island of Curacao incidentally also has low tax rates for businesses, which is also what makes the license cost-effective. We’ll go into more detail on fees later in this article.

3. Crypto-Friendly

Crypto payments are becoming more and more prevalent in the gaming and betting industry, especially online variants. Our founder and CEO, Suren Khachatryan, talks about this in his interview with iGaming Future . The Curacao license accepts crypto payments from operators, provided that they are compliant with relevant policies. This adds a ton of flexibility to your business.

4. One Size Fits All

By getting one Curacao sub-license, you'll be covered for all types of gambling, as well as conducting gaming operations for all games of chance and wagering.

Speaking of sub-licenses, it’s worth noting that the Curacao authorities have issued master licences to only a limited number of holders. In fact, there are only four of them:

Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ
Gaming Curacao (GC) #365/JAZ
Curacao Interactive Licensing N.V. (CIL) #5536/JAZ
Antillephone NV #8048/JAZ

The above-mentioned master license holders issue sub-licenses to businesses wishing to operate legally within said jurisdiction.

Now that you know the perks of the Curacao license, it’s time to figure out how you can get one.

The first thing you need to do is incorporate your business in Curacao. If you’re not sure how to do that, contact us now. Make sure you have your website, domain name, and platform and servers ready as well.

Pile Up Your Documents

As always, if you want to show the authorities that you are operating a legitimate business, you must present paperwork. From our experience, the master license holders usually require the following documents:

A utility bill
The copy of a passport and ID
Certificate of good conduct
Reference letter from a bank
Professional reference letter

Make sure you are extra careful in compiling these documents, and review them thoroughly so nothing is expired and not older than 3 months.

For your website, you should prepare the following texts in advance. Please also keep in mind that these texts are significant in terms of regulatory purposes.

Anti Money Laundering (AML) Policy
Privacy Policy
Responsible Gaming Policy

It’s important to point out that your website will be reviewed by the master license holder technical compliance team prior to the approval of your application.

If you need help in this phase of the process, we at Technamin are here to assist you with our consultancy services!

The next steps are submitting your application and paying the application fee. At this point, you probably have the following question:
Are there other fees involved?
Yes! But don’t let that discourage you. As we mentioned, the Curacao license is popular for being cost-effective. The upfront application fee is comparably much lower than other jurisdictions. So are additional fees you’d be required to pay, such as the legal fees, setting up the local company in Curacao, administration fees, and others.
Once the application is submitted, and the fees are paid, it’s a matter of waiting. You’re lucky in this case as well, since the waiting game should last about 6 weeks and no more, provided that the process has been completed correctly.
Six weeks of patience, and then you’ll have the ability to operate your online casino with a Curacao license! Obtaining this license means that you can circumvent the fines which can hit unlicensed casinos, avoid getting shut down due to non-compliance, and leave a good impression on your players by showcasing your license!
What Technamin Can Do For Your Curacao Gambling License
While the above-mentioned steps do appear to be simple, things can still get slippery. Especially if you’re doing them for the first time. In order to ensure that you don’t get side-tracked and make mistakes, we offer a full set of operational consulting services which are designed to help you acquire the Curacao license with ease and efficiency. We’ll handle the process from square one, ensuring that everything is set up correctly and you don’t end up getting rejected by the master license holders. Instead of worrying about paperwork mania, you’ll focus on other aspects of your business, such as marketing and promotion.
Technamin also offers a fully customisable Sportsbook, a multifunctional Casino, as well as a state-of-the-art Player Account Management system. In addition to operational consulting, we also offer multiple other services which can perfectly complement your iGaming business. You can check them out here.
Contact Technamin today and let’s get your online gaming business a Curacao license today!

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