Under the current law, licences are not split into B2B and B2C – instead, B2B and B2C are classified as just one licence type. For this single licence type, the application fee sits at zero. The annual fee is ANG36,000 (£15,958/€18,623/$20,090), while the monthly fee is ANG7,000. Up to 40 domains are included in the licence.
Under the incoming LOK draft for B2C licences, the licence application fee will be ANG9,000, plus one-off due diligence fees between ANG250 and ANG500 per person. The amount of due diligence paid is dependent on each person’s role.
JAVIER SILVANIA, CURAÇAO’S MINISTER OF FINANCE
Javier Silvania, Curaçao's minister of finance has announced the fees that must be paid to obtain licences under both the current law and the incoming National Ordinance for Games of Chance (LOK).
The annual fee is ANG48,000, while the monthly fee is ANG4,000. A total of ANG500 per annum must be paid per domain. There are an unlimited number of domains under B2C licences.
However, operators that come in as part of a direct licence under the current law to the LOK do not have to pay the ANG48,000 on enactment. Instead, this is due on the first anniversary of their licence. At that point the monthly fee will be reduced from ANG7,000 to ANG4,000.
As part of the LOK, all entities must hold a B2C licence. This consists of companies that interact with players directly and companies that facilitate B2C operations through player funds and data.
For new B2B licences under the LOK, the licence fees are largely similar to B2C.The application fee will also be ANG9,000, plus one-off due diligence fees between ANG250 and ANG500 per person depending on the role.
The annual fee will also be ANG48,000 but there will be no monthly fee for B2B licences. Domains are also not applicable in this instance.
