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Tax Engineering

Online gambling license in Costa Rica

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If you want to legalize your online gambling activities without paying a fortune, you can now register an offshore company with a gambling license in Costa Rica without leaving your office. Costa Rican companies may carry out any gambling activity and data processing outside of Costa Rica.

Reference: LJO23490CR

$4591

Register an offshore company in Costa Rica with a gambling license

Registering an offshore company in Costa Rica with a gambling license is a quick and cheap process compared to other jurisdictions such as Alderney, Isle of Man, Gibraltar or Malta. In order to operate a with gambling license in Costa Rica the company does not have to fulfill any special condition, that is, any S.A or S.R.L can carry out online gambling activities in any country in the world except Costa Rica. The only requirement that Costa Rican online gambling company has to comply with is that the activity that it is going to develop must be described in the Object of Certificate of Incorporation.

The European Union and Asia are adopting laws forcing the companies that carry out gambling activities to legalize their status.  In a long term this changes might be beneficiary for companies that decide to act in accordance with the law and obtain the license.  Once the status of an online gambling license gets legalized it obtains a right to open a bank account, position its webpage, provide secure service to its customers and hire software developers. Now you have the opportunity to legalize your gambling business by setting up a company in Costa Rica with a Gambling License. This will allow you to operate in any country in the world, except Costa Rica, without any restrictions.

Costa Rican companies with gambling license can carry out any activity related to the game, such as: Online Casinos, Poker Rooms, Blackjack Rooms, Sports Betting, Bingo, Slots, Roulette Rooms, Keno Rooms and auctions.

Advantages of obtaining a gambling license in Costa Rica

The main advantages of setting up a company with a gambling license in Costa Rica compared to other jurisdictions are the following:

  • Gambling licenses in Costa Rica are cheap compared to other jurisdictions such as Alderney, Isle of Man, Gibraltar or Malta.
  • Gambling licenses in Costa Rica fulfill minimum number of regulations set by the commercial registry.
  • The responsibility of the company in Costa Rica is limited to previously invested capital.
  • Costa Rican gambling companies obtain tax-exempt status if they don’t develop any activity, nor physical neither virtual, on the territory of Costa Rica.  
  • It can operate in any country in the world that does not have anti-gambling laws.
  • Costa Rican company is not required to present annual accounts or auditing. Although it is advisable to keep the accounts without any obligation to present it annually.
  • Costa Rican companies with gambling license can apply for bank accounts, payment gateways, data cards and debit cards in any financial institution in the world.
  • Registered gambling companies can be private if the final beneficiary contracts Nominee services so that his name does not appear in the commercial register.
  • Costa Rican companies can create holding companies abroad to charge customers and make payments to suppliers. This will reduce your liability to financial entities.

Restrictions on gambling licenses in Costa Rica

The only restriction that the government of Costa Rica imposes to offshore companies with a Gaming license is that it is completely prohibited to develop any activity on the territory of Costa Rica. The company is not allowed to have local customers and use local servers.

Characteristics of offshore Company in Costa Rica

General information
Type of Company
LTD (with authorization for online gambling activities)
Type of Law
Common
Shelf company availability
Yes
Time it takes to set up a new company
10 days (+10 days for Apostil)
Government fees (excluding taxation)
US$150
Corporate Taxation
Nil
Double Taxation Treaty
No
Share capital or equivalent
Standard currency
Colon
Allowed currencies
Any
Minimum paid up capital
1 Colon
Usual authorized capital
10,000 Colons
Directors
Minimum number
1
Local required
No
Corporate Directors Permitted
Yes
Publicly accessible registry records
No
Location of meetings
Anywhere
Shareholders
Minimum number
1
Shares
Registered shares
Publicly accessible registry records
No
Location of meetings
Anywhere
Company secretary
Required secretary
Yes
Local or qualified secretary
No
Accounting and audits of the company
Requirements to prepare
Yes, but not obligatory to present it.
Audit requirements
No
Requirements to file accounts
No
Publicly accessible accounts
No
Other
Requirement to file annual return
No
Change in domicile permitted
Yes


* Incorporation of an offshore company in Costa Rica with a bank account in the name of the company without a physical presence in the country. All arrangements will be made through e-mail and / or certified mail.

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    in Costa Rica
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    notarized and apostilled in English and Spanish
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    in EUR, US $ or GBP on behalf of the company with online banking included
  •  
    in the name of the company
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    for 1 year
  •  
    for 1 year
  •  
    for 1 year
  •  
    for 1 year
  •  
    1195 euros (or the equivalent in another currency)
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    by UPS or DHL to any part of the world
  •  
    Certified by a notary or notary public
  •  
    Certified by a notary or notary public
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    Electricity, water, gas, telephone or bank statement
  •  
    in English
  •  
    Business letter of recommendation from a lawyer, accountant or tax advisor

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