Frequently Asked Questions

Curacao licensed online gambling operators are expressly forbidden from operating in: Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore and the USA. However, each other jurisdiction may have its own rules that limit the ability of a licensed online operator to conduct business in that country. Moreover, one is cautioned to obtain qualified advice regarding the prospect of directing and receiving payments from certain other jurisdictions which may also impact a Curacao-licensed entity to operate.

Costa Rica does not offer an gambling license of any kind. In fact, Costa Rica bans all forms of gambling. However, that legislative structure makes Costa Rica an ideal jurisdiction to establish an offshore casino or sportsbook. Costa Rica does require a Data Processing License which allows gaming businesses to operate from Costa Rica but not serve Costa Rican players. Costa Rican law, unlike nearly every other jurisdiction, states that online gaming occurs in the jurisdiction of the player, not the operator. Therefore, Costa Rica has long been a preferred jurisdiction for online gaming operators.

The tiny island of Alderney is a premier destination to obtain on online gaming license. Alderney does not charge an application fee, but rather requires a deposit in the amount of £10,000 to be made with the Alderney Gambling Control Commission upon submission of the application for either a Category 1 or 2 license . That deposit is later applied to the first year’s operating license fee.

Unlike other jurisdictions, Vanuatu does not impose a capital reserve requirement in order to obtain a Vanuatu Forex License. Rather, applicants for the Vanuatu Financial Dealer’ s License, which includes Forex operations, are required to post a surety bond in favor of the Vanuatu Financial Services Commission in an amount up to $50,000.

With respect to offshore license capital requirements, “blocked” capital requirements require the licensee to maintain a specific amount of capital on account at all times. This typically takes the form of a deposit directly with a regulator. For example, in order to obtain a Seychelles Security Dealers License, an applicant must show capital in the amount of $50,000. However, that capital is “unblocked” insomuch that upon proof of funds, the deposit may be deployed and spent to further the business.

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