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Gambling License Costa Rica

 
Gambling License Costa Rica

Currently, Costa Rica License casinos must ensure their players gamble responsibly. This is part of the clause in the regulations stipulated when obtaining the casino permit. Gambling Business License in Costa Rica The fact that the Republic of Costa Rica has no gambling laws that set strict requirements for casino owners allows this business to develop freely and independently. Costa Rica issues not the same casino license as in other jurisdictions. Costa Rica is a popular place to establish online gaming business. Although there is no specific gambling license for gaming activities, corporation may execute online gambling or online casino activities under a “data processing license”. To obtain this license the corporation must have a physical location in Costa Rica. A license for virtual gambling services issued by the National Registry of Costa Rica. The company is allowed to gamble directly in Costa Rica, provided that it obtains a license for data processing from the local authorities. However, the liberal attitude to gambling in Costa Rica does not mean overindulgence.

Poker Licenses, Sportbook Licence, Lottery and Gaming Licences in Costa Rica

Casino license costa ricaGambling License Costa Rica

Requirements for Costa Rica Gaming License The license from the Costa Rican government for the running of an online gambling institution can be obtained by paying a fee of $15,000. This is the basic fee required to obtain a license, but the institution will have to come up with a $1,500 fee in each quarter to keep the license active.

Costa rica travel warnings

It is permitted for businesses to conduct this activity in Costa Rica but you will need:

Costa Rica Gambling License Cost

  • A Costa Rican Corporation
  • Registration with the tax authorities - Administración Tributaria
  • A commercial license, which we obtain from the local government authorities

These gambling corporations work under a commercial license which can be obtained; Slogold will register the corporation and obtain the permits in all governmental institutions required, and fulfill any other specific requirement.

Once this is done we obtain the legal gambling license in the name of the corporation so the client is sure that his company will have no impediments to develop the intended objective.

Having a gambling license also helps corporations reach intended objectives without impediments along the way. To this end, most corporations set up in Costa Rica obtain a license.

In order to create a corporation in Costa Rica that will allow for licensing, it must deal in network administration or internet administration. All internet addresses from Costa Rica must be blocked from the server, since it is Costa Rica's strict policy that none of their citizens participate in online gambling. One must also create an offshore merchant account to deal with the transactions.

Gambling License Costa Rica Vacation Packages

Due to the lack of legislation and oversight for online gambling, companies based in or registered through Costa Rica are not subject to monitoring or other regulations that many offshore companies are. This also means that since there isn't a body to govern gambling, companies are self-regulated and aren't required to pay betting or gaming tax.