Crypto Assets

Search
Close this search box.
Search
Close this search box.
Search
Close this search box.
New Curaçao licence fees confirmed

New Curaçao licence fees confirmed

Facebook
Twitter
LinkedIn
Email

Curaçao’s Minister of Finance, Javier Silvania (pictured below), has announced the fees to be charged for Curaçao’s new online B2B and B2C gambling licences.

The government’s new National Ordinance for Games of Chance has determined that there will be an ANG9,000 (Antillean Guilder) application fee for a B2C licence – approximately US$5,000, with a one-off ‘Due Diligence’ fee of between ANG250 ($140) and ANG500 ($280) per employee, depending on that individual’s job function.

In addition, an annual operating fee of ANG48,000 ($26,650) and a further monthly fee of ANG4,000 ($2,220) will be charged, plus  ANG500 ($280) per year per domain, with no limit on the number of domains. Operators holding a current master licence will be exempted from the first year’s annual operating fee.

In the case of B2B licences, the application fee, due diligence fees and annual fee will all be the same as for B2C licences, but there will be no ongoing monthly fee.

These changes effectively represent a relaxation of the current structure, as although an application fee has been introduced and the annual fee increased, the reduction of the ongoing monthly fee by over 40% and the removal of the limit on the number of domains is a potent invitation.