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Costa Rica
- Costa Rica Online Gambling Company In Usa
- Costa Rica Gambling Sites
- Costa Rica Online Gambling Company In America
Overview
Costa Rica has a healthy gambling industry in the real world, but the country is best known as the place where online betting sites go to get licensed. Costa Rica is attractive in that regard thanks to its stable government, adequate infrastructure, relaxed gaming laws and low tax rate. Costa Rica Online Gambling Licensing. While the Central American country Costa Rica is home to more than 200 online gambling companies, it does not actually have legislation specifically designed to deal with gambling over the Internet.
Costa Rica is known for its liberal policies and it has attracted a huge number of gambling companies. What is special about this region is that there is no regulation that deals with this issue. In other words you do not need a license to operate an online casino within Costa Rica. There are regulations that restrict any land casinos in Costa Rica, but for an online casino all you need is to register your business in the local Municipality and you can proceed with your business without any governmental interruptions.
Licenses
As we already said you are not required to be a holder of a license in classical terms. The entity that wants to operate an online casino in Costa Rica must have an open office located in Costa Rica.
What the willing entity needs in common words will be the Data Processing License. It contains all relevant information regarding the company, the owner, the employees etc.
The online casinos are taxed on the basis of the number of employees they have with the minimum being 10 employees. The more employees there are in the company, the bigger the tax that has to be paid to the Costa Rican government.
The license costs are one of the lowest in the whole world. Starting from as little as $15,000 and $1500 for a three month extension of the license, it offers great flexibility for a small price to pay.
What the willing entity needs in common words will be the Data Processing License. It contains all relevant information regarding the company, the owner, the employees etc.
The online casinos are taxed on the basis of the number of employees they have with the minimum being 10 employees. The more employees there are in the company, the bigger the tax that has to be paid to the Costa Rican government.
The license costs are one of the lowest in the whole world. Starting from as little as $15,000 and $1500 for a three month extension of the license, it offers great flexibility for a small price to pay.
Gambling in Costa Rica
It is restricted by law and no traditional gambling is allowed there, except for online gambling. The government is very strict when it comes to domestic gambling. It can result in litigation and can be the reason for revoking the freedom of operating an online casino if some land casino activities are undertaken. The distinction is clear and it must be respected.
Overview
Costa Rica is considered to be one of the most popular jurisdictions that offer online gambling licensing. Moreover, the territory boasts of the best telecommunication system, multilingual employees in the sphere and not very tough regulation. Now Costa Rica has over 200 online casino licensees. According to its legislation, the act of wagering occurs not in the place where servers are physically located. For that reason Costa Rican licensees can offer online casino services to players all round the world on a legal basis.
Costa Rica has a very limited scope of laws and regulations dealing with online gambling. Online casino companies are not subjected to regular testing and monitoring, which means that online gambling operators are self-regulated enterprises.
Costa Rica Online Gambling Company In Usa
Online Gambling Licensing
Costa Rica Gambling Sites
No specific online gambling license is required to legally run an online gambling business in Costa Rica. Online casinos and poker rooms operators function under the ‘data processing license’ issued by Costa Rican municipality.
In order to be licensed in Costa Rica an online gambling business operator needs to have a physical office on the territory of the state. To start a corporation in Costa Rica you will need to issue articles of incorporation, register your company with the Public Registry (Registro Público), obtain your company’s tax identification number (Cédula Jurídica), obtain operational permits, and import / export permits if required. Costa Rica corporations have the abbreviation S.A. (Sociedad Anónima) at the end of their names, is equivalent to Inc.
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The minimum capital stock of a company is 10,000 colones (approximately $20.00), represented by the desired number of common stock. They must be subscribed and paid hereby you and third parties that form the company.
Costa Rica offers two types of online gambling licenses:
Costa Rica Online Gambling Company In America
- Permanent License with permanent office
Administrative and Legal costs: US $500
Legal Fees: US $5000
Yearly lease of office space US $3600
Renewal at the end of the year US $5000 - Temporary License with Temporary open office
Administrative and Legal costs: US $500
Legal Fees: US $5000
Yearly lease of office space US $1200
Renewal at the end of the year during the years that license remains active US $2000.