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Curacao Licensing and Gambling Changes in 2021

If you are an entrepreneur and want to expand in this field, our advice is to focus on expanding online casinos in Curacao. This is one of the most popular places when it comes to gambling and that is one of the reasons why it is our choice. Why is this place so popular when it comes to online gambling? In the 90’s, it was regulated and thus became one of the standard things until today.

However, a few years later, it turned out that this place really has the best license for online gambling, and that set them apart from everyone else. First of all, the popularity came about thanks to an incredibly cost-effective license. Fees are also very low, and there are no taxes at all. If you are a beginner in this, you will be glad to read all this. Another great thing is the very fast and simple process, so after the application, the whole job is completed in a couple of weeks.

These are just some of the many benefits that this choice can bring you. To learn more about it as well as some new changes, keep reading and discover all the magic of this place.

Why do you need a license to operate an online casino?

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Many people wonder why they need this document, but without it you simply cannot manage an online casino. So, you also need legal approval and you can only get that if they grant you a license for this job. In this way, people can offer their services around the world, open accounts, sign up, etc. On the other hand, the absence of a license is an illegal business and is not correct.

However, many countries offer different licenses. It is also very important to consider, because each of them is individual and has its advantages and disadvantages. It is important to consider your needs and what you can get out of it all. That’s why people around the world mostly choose Curacao. In the previous part of the text, we listed several advantages of the license, and in addition we must add the possibility of paying with cryptocurrencies. This means that Bitcoin, Ether and many others are available to you.

Why is a Curacao license great for beginners?

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We mentioned to you that this is a great opportunity for those who are just starting their business and want to one day become great entrepreneurs. Therefore, such people do not need an expensive, complex and time-consuming process of obtaining a license, but quite the opposite. For that reason, we recommend Curacao, because although the price of the license varies, it adapts to everyone’s budget. This means that it will mainly depend on the needs of the applicant.

If you are a beginner and you are still unsure of your decision, it would be best to consult with experts. They will give you all the necessary information according to your requirements and possibilities.

What are the conditions for obtaining a license?

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As you can imagine, it’s not that easy to get a license today. No matter who you choose, sometimes it’s just easier or harder. That’s why there’s a whole process you have to go through to apply for a permit. Thanks to the fantastic conditions offered by the Curacao protocol, it is extremely simple and customized.

For example, some of the requirements you have to meet are related to a police license, personal documents, bills, etc. You also need a recommendation from an accountant or your lawyer. In this way, you present evidence of your good reputation. When it comes to other documents, you are left with contracts, online casino policy, ownership documents, etc. Don’t forget the company’s accounts, but it’s all part of the same process that is solved very quickly as everything else.

However, there have been some problems lately that have led to some changes when it comes to the Curacao gambling license.

Why do license changes need to be made?

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The world pandemic has created a big problem for everyone and that is evident. Some of them have left a great impact. This refers to an economy that has experienced a great decline.

Accordingly, the Netherlands has made some new decisions in order to strengthen the national economy. So, these measures should ensure Curacao’s recovery by changing the laws of online gambling.

Changes

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The changes are based on a regulator called GCB, which will take effect in 2021. The government that took care of all the other bookmakers and betting around the world will take over this as well. Thus, the changes to be made by the GCB relate to a stricter policy when it comes to licensing application requirements. The reason is the better security system that is achieved with this decision. This will reduce the risk of illegal activities and organizations.

The changes will show in other fields as well. For example, when it comes to operators, they will be forced by law to abide by the rules. The difference is that at the moment, the guidelines are not so much stricter, and operators can use that for the purpose of safer betting. This means that surveillance will be significantly strengthened.

Supervision will be specifically performed by an independent regulator. And this article can give you more answers about an independent regulator who will have a huge influence on licenses. Any permit will depend on him, and sanctions for non-compliance with the rules will also be his jurisdiction. Today’s situation is completely different because there are more people or companies in that place. Regardless of the fact that several companies are trying to get the right of the main regulator, this is currently not possible until the changes take place.

Conclusion

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We hope we have helped you see all the benefits of licensing when it comes to a fantastic place like Curacao. In addition, you had the opportunity to learn a lot about online casino reform and about the overall functioning.

Whether you are a young entrepreneur on the rise or simply want to gamble, you will not remain immune to some of the biggest benefits of online casinos in Curacao. It is, above all, a stable and equipped country that can satisfy all the needs of gambling, and everyone who is new and speaks English is welcome.

About Robert Jordan

Robert Jordan