How to select the jurisdiction for registering a gambling business? An optimal solution depends on several factors: initial capital, the list of requirements for founding documents and reporting, and the tax regime. Many operators prefer to register gambling projects in Costa Rica, a small Latin American country with highly favorable conditions for the gaming business. With the support of experienced lawyers, obtaining a gambling license in Costa Rica can be quick and easy. SBSB Fintech Lawyers provide professional support, covering all aspects of document preparation and company registration.
Overview of Gaming Industry and Gambling License in Costa Rica
This jurisdiction has earned the status of one of the world’s gambling capitals due to its straightforward business legalization conditions. The paradox is that while Malta, Curacao, the Isle of Man, and other jurisdictions issue licenses, there is no specific Costa Rica gaming license. The country lacks separate laws or regulations governing offline and online games. A more accurate term would be an e-gaming solution. Applicants only need to register a company within the jurisdiction and indicate online gambling as their business activity. Costa Rica offers favorable conditions for entering the global market with certain restrictions — transactions through local banks are prohibited, and business cannot be conducted in the local market, resulting in the need to block Costa Rican IP addresses.
To enhance the jurisdiction’s reputation on the international stage and avoid being associated with tax havens, Costa Rica adheres to anti-money laundering (AML) rules. Operators are required to develop AML policies and KYC procedures.
One of the reasons for the popularity of a gambling license in Costa Rica is its functionality. By registering a gaming company, one can offer lotteries, slots, bitcoin casinos, sports betting, and other types of e-gaming entertainment.
Importance of Gambling License for Your Business
Obtaining a gambling license in Costa Rica offers operators numerous advantages: launching a project with minimal capital investment, favorable tax conditions, the ability to work with cryptocurrencies, and a minimal registration period. It is an optimal solution for those aiming to officially enter the iGaming industry without high budget requirements and labor-intensive procedures. A licensed project ensures user protection on the platform and increases trust in the company. The international firm SBSB Fintech Lawyers will handle the establishment of your gambling business in Costa Rica with comprehensive legal support, allowing you to focus on business development.
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