Costa Rica Gambling License Cost
- Home Gambling Costa Rica Gambling License Companies established in this country do not need the license for online gambling activity. The only obligation they undertake is a prohibition to accept bets from residents of Costa Rica.
- Still, Costa Rican licences are being issued. The main advantage of this licence is its low cost, which varies from $5,000 to $10,000 and must be paid every year. After the price is paid, a vendor is allowed to conduct interactive bingo games, poker, sports betting, lotteries and bitcoin casinos.
All an online casino would need to do in order to operate from within Costa Rica is attain a data processing license and a physical local office. There are a number of casino consultants that help acquire these in a fast manner, which is a reason there are dozens of brands therein.
CostaRica Casino offers a broad-based practice with a full range of legal services with the main focus on licensing of online gambling projects such as online casino, online poker room, online bingo, online sports betting and other games on chances.
For those who do not have enough time to set up a gambling company we offer to obtain gambling sublicense.
Gambling sublicense can be issued to any of your companies within 24 hours thus it allows you to use all the benefits and the rights of the principal gambling company.
Gambling sublicense can be issued for one year only and it is subject to annual renewals.
Advantages of gambling sublicense:
- Fast (minimal timing within 24 hrs) approval and issuance
- Opportunity to launch your online gambling projects (online casino, online poker, online betting, online sports betting, online lottery and others)
- Company that obtains gambling sublicense can be registered in any international jurisdiction
Disadvantages of gambling sublicense:
- Dependence on the principal gambling license holding company. The principal holding company has the rights to withdraw the sublicense unilaterally
- Sublicense is issued only for one kind of gambling activities. It can be issued either for online casino or for online poker or only for online betting web-site, gambling sublicense does not cover all gambling activities of the grantee company
- Sublicense does not cover all the new games that can be launched after the sublicense is obtained
General Requirements to the Grantee Company:
- International business company
- Standard set of constituent company documents
- Due diligence documents ( ID, proof of address) for the company official representative
- Company seal
- Valid correspondence address
How to Proceed
Please contact us directly to get more details
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:
Costa Rica Gambling License Costa Rica
- 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 Gaming License Cost
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.