Gambling license in Costa Rica

Offshore company in Costa Rica with online gambling license

What is a gambling license?

What is a gambling license? Gambling license is a certificate that authorizes a company to develop business activity in online gambling sector. It is issued by a special regulated authority and includes a list of requirements that must be fulfilled by the beneficial owner of the company. Accounting, auditing, detailed description of activity and identification of beneficial owners are the main concerns when issuing gambling license.     

Costa Rica and its favorable fiscal regimes offer entrepreneurs from all over the world low tax rates, lax legislation and stable political and financial situation. If you register an offshore company in Costa Rica with gambling license you have a right to develop the following online gaming activities: online casino, lottery, online gaming machine, all kinds of bets, bingo, poker rooms, and other entertainments.  

Online gambling license in Costa Rica 

Theoretically, in Costa Rica there is no gambling license, due to the nonexistence of gambling regulations. What companies apply for is a data processing license that allows carrying out gaming activities outside of the territory of Costa Rica. It is important to know that it is impossible to obtain this license without previously registering an offshore company in this tax haven. The new company must have a registered local address and resident representative; these additional services are already included in the package that we offer. 

The only restriction that the government of Costa Rica imposes on the owners of online gambling licenses is a veto on participation of local residents. Therefore, when creating a webpage for your online business make sure you block the IP of Costa Rica.  

Online gambling license in Costa Rica: Advantages  

• Tax saving: profit from income earned by a non-resident company registered in Costa Rica is not subject to tax due to favorable fiscal regimes established on its territory. 
• Stable financial and political situation.
• Cheap registration and maintenance cost. The holder of the license has to pay fix price at the moment of company incorporation and then pay annually some relatively low fees. 
• Possibility to develop gambling activity in any country in the world, Europe and USA without any restrictions. 
• Costa Rican companies can apply for bank accounts, payment gateways, credit and debit cards anywhere in the world.
• Option to use nominee service and, therefore, achieve maximum anonymity.
• It is not required to present annual accounts or auditing. However, it is advisable to keep the accounts without any obligation to present it annually. 

Offshore Company in Costa Rica for online gambling: Characteristics 

* Offshore company formation in Costa Rica for online gambling activity 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.