License holders will be required to register in Curaçao and have a local presence: a physical office and 1 local key person (director or AML officer). A minimum of 3 key employees on the island will be required within two years. New Cost of License. The legislation will introduce a new fee structure for gambling businesses, they will be paid directly to the state. There will also be a new tax system curaçao license for gambling businesses. Exact figures and amounts will be known at curaçao license the time of publication of the law. The text of the bill is not available to the public. Oversight of operators. TOPRAKSIZ TARIM curaçao UYGULAMALARI YAYGINLAŞMALI.
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The LOK is the planned legislation that will reform the country’s licensing regime for foreign operators. In 2020, the Netherlands government requested that Curaçao reform its gambling regulations as a condition of financial relief in the wake of the Covid-19 pandemic. This largely involved a shake-up of the Curaçao gambling licence, which in recent years gained a reputation as one of the more permissive licensing jurisdictions in the world. Curaçao has gained a reputation has one of the more permissive licensing hubs. Under current law, operators must apply for a sub-licence from one of the four current master licence holders in order to gain approval. Jansen said it is the government’s intention to see this system phased out. While the legislation has not yet been submitted to parliament, the regulators will be issuing new licences with enhanced obligations from 1 September. Circus casino no deposit bonus codes.
To ensure continuity, Jansen said the regulator will be extending all master licences for an additional year. Jansen emphasised that the process will not disrupt the business of any current licensees. “No operator is going to have to pause or stop any business as a result of anything done by the ministry,” she said. “One of the primary elements of the transitions into the new regime is to facilitate uninterrupted continuity of all operations of sub-licence holders.” However, when the LOK does eventually enter into force, all sub-licensees will have a 90-day deadline to make an application for a new licence, regardless of the remaining term of the master licence. During the subsequent application process, the old regulations will apply for up to nine months after the implementation of the LOK. “For those operators who do not wish to move to the new licensing regime, they can continue to conduct business up until the date the relevant master licence expires,” said Jansen. New licences after 1 September.
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