Netherlands Antilles iGaming Jurisdiction

iGaming Jurisdictions - Netherlands Antilles

Cyberluck Casinos deal with licensing, and have the longest standing gaming licence in the industry, receiving it in 1999 under the old regulatory scheme. The islands of Curaco have a very large number of gaming entities hosting their respective websites, partly due to the very low licencing fees, and partly due to Cyberluck Curaco's policies and insistence on fair game play.

No residents of the Netherlands Antilles will be granted access to gambling sites, and all participants must be a minimum of 18 years of age, and all sites must maintain sufficient funds to pay all winning wagers on demand.

The jurisdiction of Netherlands Antilles grant licences for three types of online gaming venues, including virtual casinos, sports books, and poker rooms.

As only the most reputable gambling hosts participate under the country's banner, all licences from the department of justice last a period of two years. The DOJ will conduct an investigation of up to 6 weeks, where a 60,000ANG is required.

Gambling licenses are also available in the form of sub-licensing. This is the process of procuring a license from a pre-existing license holder. These types of licenses range from $2,000 to $4,000 USD. All license holders pay a fee of 10,000 ANG per month, and at the end of the two year period, a new license fee will be negotiated.

Key Figures

• Corporation Tax Rate
  2% of Net profits; no import duties, no sales (turnover) tax. Expatriate employees working from E-Zone are entitled to a special income tax regime. E-Zone permit required.
• Gaming Tax Rate: None
• Minimum Share Capital for iGaming Company:
  No minimum share capital is required.Security Requirements / Indemnity for Player Deposits
  If an iGaming company operates under an existing licence, no deposit is required. Otherwise a NAf60,000 - guarantee deposit.
• Licence Fee: The license holder shall owe the Central Government a license fee of US$5,600 per month unless approved gaming company secures licence via Master Licensing Authority under negotiated terms.
• Licence Length: 5 years
• Software Testing Requirements
  - Certification of RNG
  - Games need approval of Minister of Justice
  - Control system must be in Curacao at approved locationReporting Requirements to Regulators
  Requirements may vary according to circumstances. Copies of communications between company and client, including but not limited to result of game and pay-out to be available to Regulator or supervising authority for 5 years
• Anti-Money Laundering Policy: National Anti-money Laudering Regulations apply. International AML standards apply.
• Country Restrictions: Netherlands Antilles
  

Contact Details

Dept of Justice of the Netherlands Antilles,
Wilhelminaplein z/n,
Curacao,
Netherlands Antilles
Attention: Mr Herbert Coffie
Herbert.coffie@gov.an