Casino Licence Uk Cost

Why do many owners of gambling businesses give preference to Curacao jurisdiction? Besides global recognition and low pricing factor, the answer lies in its simplicity: a simplified registration procedure with a minimum set of documents and a low barrier to entry.

Note that licenses don’t come cheap. A license from offshore nations such as Curacao, Gibraltar, or Alderney can cost around $15000-$20000. These nations are the most popular because of their low taxation. Most reputable casinos use their licenses. For those who want a license with a higher status, they can opt for German, Swiss, or UK licenses. One important aspect of the 2014 act is to ensure that off shore operators are also required to have a UK gambling licence to advertise in the UK. As most online bookmakers are based in the likes of Gibraltar or Malta this was a critical piece of legislation. It also entitled the government to a 15% tax on gross profits earned in the UK.

How much does a gambling license Curacao cost?

The cost of gambling license depends on many factors and can vary depending on the availability of the client’s personal resources.

In total, Curacao license will initially cost under 20,000 euros. Compared to other jurisdictions, the price is really affordable. Curacao gambling license allows to open an account at the European bank branch and seamlessly connect every reliable payment system to the online casino.

Another thing you should take into consideration when calculating the egambling license price is a taxation system each particular country. Some jurisdictions may seem more profitable as they offer lower online gambling license cost but at the same time, the taxes you’re obligated to pay yearly will be higher. Due to the flexible tax laws, Curacao is a perfect choice – income tax here is up to 2%.

This price of Curacao license includes:

• the registration of the local offshore company in order to use the preferential terms;
• issuing of a gambling license;
• rated local hosting and server space;
• management of the local company during the first year;
• the Committee services, filing, and registration of all the necessary documentation that will take on average 2-3 weeks from the moment of submission.

There are a lot of factors that determine the final cost of a gambling license, all of which depend on the services your establishment requires. The following table includes the expected fees and cost of the Curacao license if you opt for the basic package.

First things first, in order to start your business and apply for a license, you must have a trust company in Curacao — only local companies can apply for gambling licenses. In order for the said trust company to comply with the country’s laws, it will require a local physical address and a local managing director, and the price for both is also included in the total cost of obtaining a Curacao license. The price also covers everything from maintenance to various government fees, as well as opening a bank account.

An excellent thing about having a trust company in Curacao is that you can register a Curacao Export Zone company. By having an Export Zone company, your business will be required to pay significantly lower corporate income taxes — up to 2%. In addition, there is a sales tax of 6%.

Next, the applicant will be expected to pay for the gaming license itself and IP compliance services. These include one-time fees and deposits, such as various administrative fees while your license is being reviewed. Apart from that, the applicant is also expected to deposit the application fee and the fee for obtaining and maintaining the license — you are obliged to pay annual license fees. Keep in mind that the price can fluctuate and will depend on the size of your business, its complexity, as well as your personal resources.

Lastly, since you will most likely be running your business remotely, in order to meet permanent establishment requirements, you will be expected to host the servers locally. As we’ve stated in the table, the price includes the minimum gaming hosting services and will, naturally, increase as does your demand for more server space.

These are only some of the most significant services you will be required to pay for in order to obtain the license. Again, not every price is set in stone and it may change depending on various factors, but this should give you a general idea of what to expect if you are planning on obtaining a Curacao gaming license.

How to issue a Curacao license?

Entrepreneurs or anyone with an entrepreneurial mindset who delves into the world of online gambling, do not fully understand all the niche-specific nuances of how to conduct a gambling business legally and do not know how to deal with issues that may arise afterwards. GamingLicensing can offer its professional help and answer every question regarding the process of issuing a Curacao license. You can consult the experts anytime you’re willing to clarify any aspect you have problems with. GamingLicensing team will help will help you not only find out how much is a gambling license but will also take care of the whole license issuing process.

GamingLicensing experts are familiar with all the laws of Curacao, so there is no doubt that the application for a gaming license will be issued in agreement with all the international requirements and lawful regulations.

GamingLicensing provides a turnkey registration of the Curacao license. GamingLicensing service has no hidden costs or fees – only fixed price according to the contract.

In order for us to serve you better, following documents should be provided upon our request:

• identity card;
• bank reference;
• English translation of all the documentation;
• information on the company’s revenues;
• the company’s business plan.

Should you obtain a gaming license?

No question about it! The license is the only thing that helps an online gambling business operate within a legal framework, but it also guarantees a responsible approach while working with international client base.

Casino Licence Uk Cost Per

There are four types of gambling market regulations, and they vary depending on the country that:

• regulates gambling on their territory;
• regulates and implements the monopoly;
• prohibits any form of gambling on their territory;
• does not have a gambling industry.

If gambling business conduct is not specified by the legislation of the country, you can use the international licensing services offered by such jurisdictions as the Isle of Man and Gibraltar, Malta, Curacao, Alderney and others. And if you have a hard time choosing one (or several) of those as all of them have different gaming license cost, tax rates, advantages and special aspects, GamingLicensing is always ready to help you make a perfect choice.

How to get a gambling license?

Getting a gambling license can be tricky. Gambling business is a specific niche area that is even banned in some countries. Therefore, in order not to violate the local law and be able to conduct a legal business where it is possible, it is recommended to get the permission from relevant jurisdictions that are more loyal to the online casinos. One of the most profitable and reliable options available today is Curacao jurisdiction, where you can get a gambling license in no time, which is (considering affordable Curacao gaming license cost) is a great way to start a successful business even for the first-time entrepreneurs.

This jurisdiction has been operating since 1996 and is recognised today as one of the most reliable and stable. Besides, one license applies to all types of gambling business activities.

To get a gambling license, you must be registered in the Chamber of Commerce of the Antilles, to be able to create an offshore company. Then, you will have to collect and prepare a minimum package of supporting documents to back up your application.

Even though obtaining the Curacao license is a relatively quick process and a gambling license cost is affordable, performing a license registration on one’s own may cause a cascade of problems, with no guarantee of a resolution at all.

In order to save your time and money during the registration and approval processes, let GamingLicensing help you out every step of the way. Our experts can offer their assistance in obtaining the gambling license that will suit your needs.

FAQ

1. Which gambling license is both internationally recognised and most cost-effective?

   One of the best options in today’s market is the Curacao e-gaming license. It is an internationally recognised license issued in record times that has one of the lowest fees.

2. What do I need to get the Curacao e-Gaming license?

   To receive the Curacao e-gaming license, you need to complete several steps. First, you need to register a company in Curacao as only local companies can apply for the permit. You can register your company in the so-called Curacao Export Zone, which means you’ll have to pay up to 2% of all income tax. In addition, there is a sales tax of 6%.

   Next, you need to pay the licensing fees and IP compliance services that oblige you to host the gaming servers from Curacao. Also, you are expected to cover expenses for the annual renewal and maintenance of the license.

3. How much does the Curacao e-Gaming license cost and what does it include?

   The overall cost of the license depends on multiple factors, but the initial cost of the license does not exceed €20,000. The license cost includes the expenses regarding the registration of your company, issuing of the gambling license, local hosting and servers, as well as filing and registration of all paperwork and documentation.

For a casino to operate in the UK, it needs to have a license issued to work in the British market. Licensing is an essential aspect of the online gambling industry, and it is crucial to any UK online casino’s operations. If you are playing at UK casino, it is relevant for you to understand how licensing in the UK works and how it can be beneficial to you.

A UK casino license dictates specific rules and regulations that casinos must adhere to. Since an independent gambling body issues the license, a legitimate UK casino with a license is full proof that it is a fair and reliable casino. You can rest assured that all casinos that are featured and promoted on GambleGenie have a valid UK license.

We have thus compiled this detailed guide with information about the British licensing system and how it could affect you as a player. Although playing at a casino is also an essential factor, take the time to apply the below knowledge so you can have the best possible casino experience.

What is a UK online casino licence?

A UK casino license is essentially a permit that certifies that the casino in question is compliant with the set of rules and regulations as devised by the Gambling Commission. It also ensures that it is following the best practices in terms of safety, fairness and security.

Casino Licence Uk Cost Estimator

Since casino licenses are in place to regulate the online gambling industry, it also ensures that all licensed casinos are abiding by the correct code of conduct in terms of how their business is run. One important aspect when it comes to adhering to strict guidelines pertain to responsible gambling such as self-exclusion, adverting and marketing, information to players, underage gambling, etc. etc.

UK casino licences are also in place to deter anti-money laundering practises and therefore protecting players from criminal activity and rogue practices.

British online casinos must, therefore, be ready to deal with strict regulations when entering the market and also ready to apply all these requirements by law under the jurisdiction it falls under., before even launching.

Since a UK casino gaming license has to be issued by an authoritative body which regulates the gaming industry, it also means that the casino is always under scrutiny and vetted for all potential criteria.

How to spot a UK licenced casino

Since all casinos listed on GambleGenie are licensed, provided you go for any of them, you should be fine. However, if you sign up to a new casino site that hasn’t been recommended, you need to do your homework. Sign up to the wrong operator, and it can turn into a costly business for you.

If you are always on the prowl for a new British casino, with big casino bonuses and an endless supply of free spins, you are at high risk of not vetting the casino properly. It is more reliable to sign up to a casino that has been around on the market for a few years, but it is also understandable, that sometimes you just want to try out a new UK casino site and see if there’s something better. If you do, keep it safe.

Casinos without a licence have been damaging the UK online gambling industry since always, and signing up and playing at these unlicensed casinos makes you an unlikely accomplice to criminal activities.

When playing casino games at an unlicensed operator, the chances are that these games are rigged, and you will never be able to achieve a win, let alone cash out a withdrawal.

If you found yourself on this page looking for sure signs that the UK Gambling Commission licences a casino, check out the below list:

• Look for a UK licence in the footer of the casino

• Search for the Gambling Commission’s logo and check that it links to the site

• Look for a license number. Alternatively, look for the casino on the Gambling Commission’s website

• See if there is relevant information pertaining to responsible gambling, gambling addiction and age limitation

• Look for casino reviews online

Even if you have gone through all of the above tips and tricks, it is always best that you look up the casino on the Gambling Commission’s website, which is ultimately the safest way to check the legitimacy of the casino.

Keep in mind that the Gambling Commission regularly runs audits and is well-aware of any problems players might have had with casinos in the UK.

Benefits of a Licensed UK Casino

If you’re still not convinced about the benefits of signing up to a trustworthy UK casino, here’s a list to convince you further.

• Safety & Security

Casino Licence Uk Cost Uk

When playing at a secure UK casino, you are protected in a number of ways. Since there is a legal framework attached to the casino, operators cannot scam players by providing games that are rigged and not use a Random Number Generator. There are also plenty more measures in place to safeguard your interests, including resolutions to disputes, internal and external auditing as well as the use of the latest SSL encryption technology to safeguard your personal and financial interests.

• Prevention of money laundering

This is a big one, but when a casino starts operating under a UK licence, they have already undergone all possible anti-money laundering checks. Thus, they have undergone risk assessment and advised on appropriate procedures and policies that prevent them from being in any way connected to money-laundering or financing terrorist organisations.

• Responsibility

The UK-licenced casinos are by law required to be socially responsible as well as have ethical practices in place. Casinos in the UK must make donations to charities and support treatment for problem gambling on a regular basis.

Additionally, they must run the business ethically and protect any vulnerable members of society from problem gambling.

Why is it dangerous to sign up to an unlicensed casino?

Playing at an unlicensed casino is the equivalent of throwing your money away. There are massive risks attached to them, yet some players still insist on playing at a casino which is unlicensed just because it has a tempting casino bonus offer.

When you sign up to a casino UK via GambleGenie, we have done all the necessary checks before deeming the casino safe and trustworthy. You can sign up to any casino via GambleGenie, safe in the knowledge that the casino is licensed and reputable.

That being said, here are a few risks associated with signing up to an unlicensed casino.

Rigged Games

This is a big one, but since unlicensed casinos don’t have a license in the place, they are unable to certify either the quality of the games or the randomness factor of each spin of the reels. Since they don’t have Random Number Generators in place, which guarantee randomness and fairness, they can be re-programmed, so the odds are in the casino’s favour. You will never win.

No Security

Since there is little security in place, you are providing your personal and financial information to a site that could re-use or share your sensitive data with third parties. Once you have imparted that information, the rogue casino is free to do as it pleases with it.

Casino Licence Uk Cost Calculator

Never going to see your money again

Why sign up to an unlicensed casino when there is a massive risk, that a) you will lose your deposit, and b) you will never win? The most reputable licensed casinos in the UK payout for your winnings and will ensure that the best practices are in place. Additionally, they wouldn’t withhold any funds from you.

Why are some UK casinos licensed overseas?

You will undoubtedly spot a few new UK casino sites that have a license from other jurisdictions such as Curacao and Malta, in addition to their UK licence. The most common license is that of Malta, which is issued by the Malta Gaming Authority.

This is absolutely nothing to be concerned about since there are legal provisions in place that allow operators from the European Economic Area (EEA) as well as other countries to access the UK gambling market, provided they have in their possession a license issued by the UK Gambling Commission.

These licenses from other jurisdictions pave the way for casinos to serve players from countries outside the UK. In general, authorities such as EEA countries, Isle of Man, Curacao, Gibraltar, Alderney, Antigua and Barbuda, as well as Tasmania, are considered safe and reliable.

How can the Gambling Commission be beneficial to you

Now and again, you will hear of players who have had a bad experience at gambling online. Although they are much less than what they used to be, several issues are usually related to regulations.

Since the UK Gambling Commission is a legal party, which regulates casinos online, it also gets involved in any disputes that might arise. Before jumping the gun and getting in touch with the UK Gambling Commission, it might be wiser to first get in touch with the customer support of your respective casino.