Gaming Curacao (GC)
In 1993, Curacao passed some of the world’s first laws governing the then-nascent online gaming industry. In 1996, the government established the Gaming License Authority, which would grant licences as well as control and monitor the gambling business. There has been a rise in the amount of interest in Curacao as a licencing jurisdiction for online gambling since the first licence was awarded, as well as the relevant laws. It wasn’t until 2001 that the Curacao Internet Gaming Association was formed to oversee compliance with the regulatory framework and code of conduct by all online gaming companies.
It has grown to be one of the world’s biggest databases for tracking online gambling activity. This is in part because of the low cost of licencing and the simplicity with which it can be acquired. iGaming start-ups from all over the globe are drawn to the jurisdiction because of its strong financial services industry, well-developed telecommunications infrastructure, and political and economic stability. Gaming businesses from across the world have been operating in the area for many years.
Curacao’s government has made a concerted effort to foster a business-friendly climate for offshore gambling firms. Corporate arrangements may be more adaptable if there are no taxes. According to the EU Code of Conduct, Curacao is not a “tax haven” despite its reputation. It is also an IRS-qualified intermediary, an OECD jurisdiction, and a member of the Caribbean Financial Action Task Force on Money Laundering, which enforces CTF and AML compliance.