Casinos with Costa Rica License
Historically Costa Rica has been a country famous for its open policies with casinos, betting and poker rooms. But even though today there are more than two hundred online casinos registered in Costa Rica, there is no gambling licenses and no regulations of online gambling, in its usual form.
It means that any company registered in Costa Rica can legally offer any kind of online casino, betting site or poker room, etc. Registration and full service at such gambling projects can be used by citizens not only of Costa Rica, but by worldwide users. And in order to exclude possible claims of the country’s regulatory authorities, it will be enough just to use IP-addresses blocking mode. Show more
The lack of legislation on the activities of gambling companies in Costa Rica means that business can’t be monitored o regulated. In addition, Costa Rica is the only country where online gambling profits are absolutely free of taxes.
Type of License
As it was mentioned before, Costa Rica does not issue gambling business licenses, so many consulting companies offer help in obtaining data processing license, but actually it has nothing to do with online casinos licensing.
Regulations
Such unusual gambling license environment seems like perfect for certain projects, but nowadays gambling laws are getting harder in Costa Rica, introducing new taxes, etc. And still, these taxes are the lowest in the industry. Talking about regulations, there are still almost no restrictions or monitoring for online casinos business in Costa Rica, creating the stable atmosphere for creating new businesses in this country.
Benefits of Costa Rica License
Here are some of the advantages of registering online casino in Costa Rica:
- Political and economic stability;
- Servers can be located anywhere in the world;
- A bank account can be opened in any jurisdiction;
- No profit taxes at all;
- No need to provide financial statements;
- One of the fastest registration processes in the industry (2-5 weeks);
- Ability to use a nominal service;
- The ability to open a merchant account.
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