Why It Is Worth Licensing an Online Casino in Costa Rica

IBCs (International Business Companies) registered in LatAm benefit from low taxes, freedom to conduct gambling activities, independence from the laws of their home countries, and protection against the disclosure of personal data.

One such region where operators can register an entertainment project is Costa Rica. This independent unitary state, located in Central America, covers an area of ​​just over 51,000 square kilometres.

Costa Rica is rich in resources, characterised by a stable economy, and has a loyal political system. It is no surprise that it attracts entrepreneurs who want to conduct international activities, especially since the republic's legislation is based on Spanish civil law.

Online Casino Market’s experts will discuss the advantages of licensing an entertainment project in this country.

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Local Casino Certificate

Many new gambling brands are being registered in this jurisdiction. There are currently over 200 of them. However, gaming solutions are not regulated in the Republic. Platforms certified here will not be monitored, controlled, or tested. Furthermore, there is no tax on such entertainment.

As a result, local players can access online casino websites and launch games, lotteries, poker, etc. However, Costa Rican citizens will not be able to do this, as law enforcement agencies have the right to simply block the IP addresses of such users.

As for levies, gambling companies pay the same as any other entity. This is a single, fixed tax amount (several years ago, it was 67,612 Costa Rican colones). According to the authorities, these deductions are used to form a supplementary budget to address government risks (terrorism, money laundering).

Advantages of Registering an iGaming Site in the Country

Let us consider the key benefits:

• absence of income tax;
• registration takes 1 month;
• no requirements for directors;
• the lack of guidance on software;
• servers can be located in any region;
• stable economic and political situation;
• it is possible to use a nominee service;
• no need to provide financial statements;
• no chance of the company's information being disclosed;
• bank accounts can be opened in any country (jurisdiction).

To obtain a licence in Costa Rica, the following steps should be taken:

• company registration in this country;
• submission of an application for an iGaming permit;
• mandatory opening of a local office;
• blocking of access to Costa Ricans.

What Documents Are Required

It is necessary to provide an application with data on the brand: name (3 options), bank and contact details, as well as information about the founders.

There should also be copies of the following documents:

• articles of association;
• the firm’s registration certificate;
• passports of the company’s creators;
• a business plan reflecting future earnings;
• information confirming the sources of income;
• minutes of the meeting that approved the registration and appointment of the director;
• utility bills, and payment details (for 3 months), confirming the enterprise’s validity at the indicated legal address.

The cost of a Costa Rican permit is relatively low — $15,000, with a $1,500 fee every 3 months.

The Main Things About Licensing a Casino in Costa Rica

It is worth noting that by obtaining a local gambling certificate, companies can offer entertainment services almost anywhere in the world, making their business extremely profitable.

An undeniable advantage is the fact that Costa Rica is not an offshore jurisdiction, which is why it can attract customers from the EU and the US.

The Online Casino Market studio helps its clients implement successful iGaming projects in the shortest possible time.

From the aggregator, it is also possible to order the following useful solutions:

• a turnkey platform;
• a White Label portal;
• security software;
• high-quality entertainment products, and much more.

For all questions, please contact our managers.

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