Costa Rica Online Casino License
Costa Rica Online Casino License. The major point of interest here is that Costa Rica doesn’t actually offer an “online gambling” license. Since chance-based gambling is illegal in the Central American country, law makers aren’t interested in developing a licensing process for it. Instead, they offer a “data processing license”. Gambling in Costa Rica has been legal for a long period now. Land-based casinos are flooded in the region, and they act like a tourist attraction. Over thirty casinos are available within the jurisdiction. However, the Costa Rican government does not allow online gambling as an option to its citizens. The Costa Rica Gambling License has become one of the most popular licenses for online casinos around the world. The Costa Rica Gaming Law allows companies to have a gambling license and gambling web-sites in accordance with current legislation on online gambling. The Costa Rica online casino license grants a lot of privileges to owners of gambling establishments, as this country guarantees economic reliability and complete freedom of action. The advantages of buying a casino license in Costa Rica: stable political and economic situations in the country. The legislation of Costa Rica sets out requirements for organizations. They must have a legal address in the territory of the country. It is usually done by renting. The Costa Rica gambling license gives you the right to create your gambling business. There are online casinos, slot machines, poker rooms, and other entertainment.
While in the not too distant past, the Central American country of Costa Rica had been home to more than 250 online gambling companies, the numbers have decreased dramatically in recent years.
There still is no governmental or regulatory framework governing online gambling or eGaming whatsoever, as such no official Costa Rica Online Gambling License designed to deal with e-gaming (gambling over the Internet) exists.
The absence of legislation governing online gambling operations or administration from Costa Rica means very clearly that a Costa Rica Online Gambling License does NOT exist
The businesses and operations of Costa Rica-based online gaming or Gaming companies are not not regulated, supervised or licensed in any way shape or form, including the so called ‘Data Processing’ license.
Because there is no official organization to issue any kind of license or recognize license holders, there is no betting or gaming tax whatsoever. Again, to be clear, there is no such thing as a Costa Rica Online Gambling License, Data Processing License or any other kind of license for Online Gaming.
Although an extensive Fiscal Reform plan has been introduced by current President Carlos Alvarado Quesada, of the PAC party, Establishing a gaming control board or implementing licensing fees in Costa Rica was not part of it or even mentioned. Unlike his predecessor Luis Guillermo Solis, also of the PAC party, who had hopes to establish a gaming control board for online gaming. In the past, the Finance Ministry had released draft plans for regulating said industry. Included in the plan is a tax on online gaming of 0.5 % of gross income to help fund the control board. Additionally, a 5 % tax would be levied for the fight against crime. The new board would report to the Minister of Interior and Police and would process six-year gaming licenses at a suggested annual fee of USD $50,000.
Costa Rica Online Gaming Company (License Alternative)
With our Online Gaming Company you can legally offer Online Gambling (Sports Betting, Online Poker, Online Casino Games, Online Bingo, Fantasy Sports, Lotto, Lottery Messenger, CSGO and every type of betting) options from Costa Rica. This includes classic sports bets football, basketball, ice hockey, soccer, horse racing and greyhound racing. The company may conduct business world wide via the internet securing clients from all over the globe. As no special Costa Rican Online Gambling License exists or is required in Costa Rica, the business is operated by a specifically registered Costa Rican Company. This provides for all the profits from the company to be tax free and indemnifies the directors from liability.
What does our Costa Rica Online Gambling Company (Gambling License Alternative) Include?
- A Costa Rican Corporation: Costa Rica is an outstanding choice when it comes to incorporating an online gambling business as no rules, regulations exist meaning no license is required. Complete zero-tax status, and the world’s friendliest online gambling legal environment enable you to conduct your business 100% confidential and compliant.
- 2 Hours Personalized Advice: Need some help or assistance with conducting your business offshore? We offer the best after-sale support in the industry, and will do our best to assist you with whatever concerns and problems you might have … ! Take advantage of our owners decades of experience in the Gaming industry.
A summary of the benefits of registering your Costa Rican Online Gambling company with us:
Costa Rica Online Casino License Application
- all nationalities accepted as directors or owners
- only basic due diligence required
- fast (2 week) turnaround
- affordable initial costs and fees
- affordable ongoing annual renewal fees
- operations can be undertaken worldwide
- no paid up capital deposits required
What a wealth of the benefits !
Take advantage of this unique offer right now, Contact Us today and get your own Costa Rican Online Gambling Company!!!
Now is truly the time to establish your eGaming business before it’s too late!
**PLEASE NOTE** We do not provide online gaming services of any kind to companies planning to accept customers from the USA or any other restricted countries.
Costa Rica jurisdiction
Costa Rica is considered to be one of the most beneficial jurisdictions for online casinos to acquire the gambling license due to a whole range of advantages.
It stands out because of the lack of legislation regulating gambling activities. The Costa Rica online gambling license doesn’t exist, as the legal permission is called 'data processing license', and is issued by regional municipalities, and not by a designated authority.
Nevertheless, Costa Rica is a very popular country for running a gambling business, as far as one license covers all types of gambling activities: slot machines, card games, and table games.
However, online casino servers can be located anywhere except for Costa Rica. Local people cannot play in gambling establishments, meaning that owners can accept bets only from foreign citizens.
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Main requirements for Costa Rica online gambling license 2020
According to the procedure of gambling license acquisition, it is important to follow these conditions:
- a gambling company must be registered in Costa Rica;
- company office must be located on the territory of Costa Rica;
- there must be 2 founders who can be residents or foreigners;
- a company should have a minimal amount of registered capital from $100 to $100 000;
- a company should have a bank account (can be opened in any country).
As for the documents to get a Costa Rica gaming license, a company should provide:
- application form with all necessary company details and characteristics of all founders;
- founders’ passport copies;
- a copy of company registration document;
- сopy of the minutes of the meeting, when it was decided to register a company and appoint directors;
- a copy of company’s documents;
- paid utility bills;
- detailed business plan with calculations of future incomes.
Costa Rica’s gambling license costs and taxation
On average, the license acquisition process in Costa Rica lasts around 3 months. Also, the license should be renewed every 3 months.
As for the corporation tax rate, only that proportion of business revenue earned within Costa Rica is subject to an assessment by the tax authorities. There is no additional gaming tax.
It is important to note that the Ministry of Finance has released a draft planning to introduce the license annual fee of $50,000. The proposal also includes a 0.5% tax on gross income and a 5% tax to combat any criminal activity associated with gambling.
Advantages of online gambling license in Costa Rica
Costa Rica jurisdiction has a range of advantages, making it one of the most profitable countries for running a business:
- political and economic stability;
- no need to allocate servers in Costa Rica;
- a bank account can be opened in any country;
- no taxes for companies that run a business overseas;
- fast and simple company registration;
- all nationalities accepted as directors or owners;
- relatively low costs and fees.
Costa Rica Online Casino License Plate
The process of preparing necessary documents may take a long time. It is possible to make the procedure easier and faster with Slotegrator as the company offers assistance in obtaining a gaming license by dealing with legal issues.