The situation with the license for new operators who do not have a valid license will be radically different. They will be obliged to get a preliminary confirmation and only after that, they will be able to register a company and apply for a license. This process can take quite a long time. The image will expand upon clicking. What should operators do about the new Curaçao license? We recommend that operators stay in close contact with their current legal service providers and wait for more information to come in the following months. For our part, we are doing our best to prepare our clients with proposals for a concrete action plan to comply with the new regulatory requirements. We are keeping our finger on the pulse and will be the first to receive more detailed information regarding the requirements and inform you immediately. License Bölüm.
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We hope that the changes to the license will enhance the ability of operators to open accounts and connect payment solutions. The Ministry has assured us that these negotiations are actively underway. When will the new legislation regarding the Curaçao license come into force? The Minister of Finance expects the new legislation to come into force at the end of the 2nd quarter of 2023. Given the fact that current master license holders have not had their licenses renewed to this day (all expire in 2023), there is a good chance that the legislation will come into effect soon. More information about the new requirements, as well as curaçao license the cost of the license, will be available soon, after the final adoption of the bill by Parliament. Unfortunately, at the moment the bill is not in the public domain and we have to collect information from different, but verified sources. The process of getting a new license. Kurtce günaydın.
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 for gambling businesses. Exact figures and amounts will be known at the time of publication of the law. The text of the bill is not available to the public. Oversight of operators. The Curacao Gaming Authority will be the body responsible for enforcing the new legislation. The CGA will be responsible for issuing recommendations, warnings, fines, requirements for correction, and decisions to revoke the license. Due Diligence Procedure. The legislation provides a new procedure for the verification of all shareholders and key persons of the applicants’ companies.
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