Visiting your site shows its quite detailed. However, I have some concerns here:
1. On the price listing, there are couple of services there and which I believe does not have anything to do with licencing such as hosting fees:Server purchase, Annual hosting fee with that alone amounting to £10,000, management fees relating to appointment of directors amounting to £3,750, incorporation fee amounting to £6,500, all of these put together is relating to you setting up an entire gambling site for an individual or a new site entirely but an existing site that wants to make things right won't need any of those service. So, not to confuse those prospective clients, there should be further explanation of those fees and what it actually covers. Sincerely, all these costs are on the high side.
2. Aside from the license renewals every year, what other regulations will need to be complied with by the management of the sites. Will they be subjected to periodic checks, because for the government to charge you tax, they have to be sure that you are declaring the right amount of income you claim to have earned in the year.
Thank you for your feedback, we are trying to make our site as detailed as possible in order to offer a variety of licensing options to our clients.
The best licensing option for Bitcoin casinos is the
white label sublicense (the one at the bottom of the page designed for pure Bitcoin casinos).
On the price listing, there are couple of services there and which I believe does not have anything to do with licencing such as hosting fees:Server purchase, Annual hosting fee with that alone amounting to £10,000, management fees relating to appointment of directors amounting to £3,750, incorporation fee amounting to £6,500, all of these put together is relating to you setting up an entire gambling site for an individual or a new site entirely
That is right, the fees are for setting up a Curacao company and applying for a gambling license in that company name.
but an existing site that wants to make things right won't need any of those services
They will if they want a
direct license if they go for a
Curacao sublicense then they won't need much of it and the costs are a lot cheaper.
So, not to confuse those prospective clients, there should be further explanation of those fees and what it actually covers.
The fees you are talking about are here:
https://www.gamblingtec.com/pricingAnnual hosting fee: If you license in Curacao, you have to own hardware in Curacao which is for PE (
Permanent Establishment purposes). Hosting directly with the Data Center is expensive, if you host with
CuracaoWebhosting.com you will pay roughly €5400 per annum (€450/month) which is a package deal.
Management fees: The price is indicative of what is charged by local trust companies, here is a more detailed post:
Curacao license costs. They will fluctuate depending on who you decide to work with, but one thing is for sure, it is a lot cheaper than
licensing in Malta for instance...
Sincerely, all these costs are on the high side.
They are
indicative prices (as noted on the site) meant to give you an idea of what to expect from third party management companies (they are not our fees, we simply request prices from time to time to be up to date).
Aside from the license renewals every year, what other regulations will need to be complied with by the management of the sites. Will they be subjected to periodic checks, because for the government to charge you tax, they have to be sure that you are declaring the right amount of income you claim to have earned in the year.
Your Curacao company requires local directors who are responsible for your company accounts/taxes. In terms of checks, if your software uses RNG, you will need a certificate for this before your license will be issued. Generally speaking, regulators are reactionary.
