Costa Rica Gambling License Cost
Costa Rican Gambling Sublicense. 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. Getting a Costa Rica Gambling License. Let’s get one thing straight: there is no such thing as a gaming or gambling license in Costa Rica. If an online gaming firm wants to base their operations in the country, they only need to do the following: Buy a business license for $5,000 (which can be renewed annually for an additional $5,000). Costa Rica Gaming Licenses Info. Get a Gambling license in Costa Rica. Start your online gambling business with the expert legal help of our Costa Rica.
The Central American country of Costa Rica is well-known for a number of things. A tolerant style of government, diversified goods and services, and environmental sustainability just to name a few.
- The new license clearly states “internet gaming” as the licensed business activity. It takes 1-2 months to process the license and have it registered. The cost for the Costa Rican corporation and license is $15,000 compared to €60,000 -€100,000 to in many other countries.
- Costa Rica is one of the most favorable jurisdictions for obtaining a license for the activities of online casino, lottery, and other online games. The legislation of Costa Rica does not regulate the activities of online casinos and other companies that provide services in the field of organization and conduct of gambling on the Internet.
It’s also famous in the gambling industry for its relaxed attitude towards online gambling operators in the region, despite having very little in the way of specific legislation to deal with them.
In Costa Rica, it’s illegal for residents to gamble online. Plus, it’s illegal for the people to gamble at all on games that have any random outcome. However, according to Costa Rican law, the physical location of an online gambling operator’s server isn’t where gambling actually takes place.
Therefore, it’s legal for companies to offer online gambling services from Costa Rica, providing they don’t offer them to residents of the region.
You can find more information on the gambling jurisdiction of Costa Rica below.
Licensing in Costa Rica
Due to the lack of specific online gambling legislation in Costa Rica, it’s relatively easy for an operator to establish itself in the jurisdiction.
A data processing license is needed; the requirements for which include having a physical office located within Costa Rica. There are authorized consultants in the region which offer assistance in obtaining such a license.
Due to a large number of gambling sites basing themselves in Costa Rica, an internet gaming license was introduced.
Costa Rica Gaming License Cost
However, there’s no real regulation in place, and online gambling operators based in Costa Rica have a lot more freedom in what they can and can’t do.
Because of the lack of regulation in this jurisdiction, it doesn’t appear on the white-list of the United Kingdom Gambling Commission. As such, gambling sites based in Costa Rica cannot market their services to UK residents.
The Future of Costa Rican Online Gambling Legislation
Costa Rica Gambling License Cost Of Living
In 2013, the region began to move towards a more regulated environment. Plans to establish a gaming control board were announced and the Finance Ministry outlined drafts for regulatory practices.
At the time of writing nothing further has developed.