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Netherlands antilles gambling license

Curacao Online Gambling License Curacao is one of the island that make up the Dutch Caribbean (formerly known as the Netherlands Antilles). It's one of the oldest running online gambling regulators and as such is a fairly well-known e-gaming regulator. Although many revisions have been made to gambling law, Cyberluck's license is still valid. Netherlands Antilles also awards interactive gaming licenses at the governor's say so. The island of Curacao has a very large number of gaming entities hosting their respective websites within the country's jurisdiction. Betting online license | Curacao gambling | Curacao Gaming Commission. The Curacao Gaming Commission is associated with the goverment of Netherlands Antilles, and is one of the most respected regulators for online casino services of the industry. Curacao has been providing Curacao e-gaming licenses since

Curacao Gaming Commission

Bas Jongmans Gaming Legal Attorneys. They also ensure that all members follow the code of conduct required for continued licensing. In , Curacao gave the responsibility of regulating online gambling to the e-Gaming Licensing Authority. The sub-licence is valid for an indefinite period, depending on the validity and general terms and conditions of the master licence, in accordance with the IP agreement. The application is evaluated and if all the requirements have been met the license is approved.

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Netherland Antilles Gambling License

Curacao is an island nation in the Caribbean. Formerly part of the Netherlands Antilles, until its dissolution in Curacao has become one of the most well-known e-Gaming operator locations in the world. The Caribbean Island got its start in the industry in , when they created legislation for regulating online gambling. Online gambling in Curacao got its jump start in with the creation of the e-Gaming License Authority. As online gambling gained momentum, Curacao altered their gaming control structure to the format it still stands at today.

In , Curacao gave the responsibility of regulating online gambling to the e-Gaming Licensing Authority. This had previously been the responsibility of the Curacao Gaming Control Board.

They also work as an intermediary between members and the government to implement gaming-friendly policies. Since its establishment in , the Curacao e-Gaming License Authority has grown to accommodate one of the largest gaming license demands in the world. This demand is due to many factors. The licensing requirements in Curacao are intended to be manageable for even small startup online casino ventures.

They offer IT infrastructure and hosting support for their members as well. Other than the ease of startup, the main component drawing online casino owners to Curacao is the financial aspects of their licensing. Because of this, the nation has offered one of the most favorable tax structures in the world.

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They constitute an autonomous part of the Kingdom of the Netherlands, and cover an area of sq km. Willemstad is the capital, and Dutch, English and Papiamento are its official languages. Spanish is not an official language, but is widely used. The head of the Netherlands Antilles is the ruling monarch of the Netherlands, who appoints a governor to represent him within the jurisdiction. Executive power belongs to a Prime Minister who forms the government; the governor assigned by the monarch has a representative power, as the Netherlands is responsible for defence and international relations of the Netherlands Antilles.

Legislative power belongs to delegates of the islands who actively cooperate within the government, and local governors of every island who deal with everyday affairs at a local level. The Netherland Antilles are not a part of the EU. The economy of the islands mostly depends on tourism, the financial industry, international trade and shipping. Internet gaming became a central industry for the island of Curacao in when the regulation of online gambling was decentralised from the Curacao Gaming Control Board.

Online gaming is a legitimate business activity in the Netherlands Antilles, especially Curacao, provided the e-gaming company has obtained the proper licence. A master licence licenses the egaming company itself, and in addition opens the possibility to sub-license third parties subject to the responsibility and covenants under the master licence.

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A sub-licence — under a master licence — offers the same rights to run an e-gaming business legitimately, but without the possibility of further sub-licensing. The basic requirements for applying for a sub- licence are compliance with due diligence and KYC policies, full identification of Ultimate Beneficial Owners UBOs , satisfactory reference on UBOs as well as detailed and transparent description of the games to be offered. In the case of a master licence application the decision is taken at the sole discretion of the Minister of Justice, based on the documentation submitted by the Netherlands Antilles counsel.

Applicants must first register with the Netherlands Antilles Chamber of Commerce as a locally formed legal entity, either onshore or offshore, and must state the island territories from which they wish to operate. Once an application is completed, the Department of Justice will conduct an investigation.

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