Costa Rica Gambling License Costa Rica is an independent country located in Central America and is bordered by Nicaragua to the north, Caribbean Sea to the east, Panama to the southeast and Pacific Ocean to the west. Costa Rica is popular for the low company setup expenses and absence of online gambling regulation and licenses. Costa Rica data processing licenses or Costa Rica call centers licenses,are issued to Costa Rican gaming corporations that install their physical operations in Costa Rica. In the year 2003, as part of a fiscal act, Costa Rican authorities offered a specific Costa Rican gambling license, for Costa Rican gaming companies that operated in our. Montenegro Gaming License; Gibraltar Gaming License; Costa Rica Gambling Company; Gaming and gambling regulators around the world. Credit Card Processing; Merchant Accounts; Go to Directory; Video Center; Events. Or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this.

Costa Rica jurisdiction

Costa Rica is considered to be one of the most beneficial jurisdictions for online casinos to acquire the gambling license due to a whole range of advantages.

It stands out because of the lack of legislation regulating gambling activities. The Costa Rica online gambling license doesn’t exist, as the legal permission is called 'data processing license', and is issued by regional municipalities, and not by a designated authority.

Nevertheless, Costa Rica is a very popular country for running a gambling business, as far as one license covers all types of gambling activities: slot machines, card games, and table games.

However, online casino servers can be located anywhere except for Costa Rica. Local people cannot play in gambling establishments, meaning that owners can accept bets only from foreign citizens.

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Main requirements for Costa Rica online gambling license 2020

According to the procedure of gambling license acquisition, it is important to follow these conditions:

• a gambling company must be registered in Costa Rica;
• company office must be located on the territory of Costa Rica;
• there must be 2 founders who can be residents or foreigners;
• a company should have a minimal amount of registered capital from $100 to $100 000;
• a company should have a bank account (can be opened in any country).

As for the documents to get a Costa Rica gaming license, a company should provide:

• application form with all necessary company details and characteristics of all founders;
• founders’ passport copies;
• a copy of company registration document;
• сopy of the minutes of the meeting, when it was decided to register a company and appoint directors;
• a copy of company’s documents;
• paid utility bills;
• detailed business plan with calculations of future incomes.

Costa Rica’s gambling license costs and taxation

On average, the license acquisition process in Costa Rica lasts around 3 months. Also, the license should be renewed every 3 months.

As for the corporation tax rate, only that proportion of business revenue earned within Costa Rica is subject to an assessment by the tax authorities. There is no additional gaming tax.

It is important to note that the Ministry of Finance has released a draft planning to introduce the license annual fee of $50,000. The proposal also includes a 0.5% tax on gross income and a 5% tax to combat any criminal activity associated with gambling.

Advantages of online gambling license in Costa Rica

Costa Rica jurisdiction has a range of advantages, making it one of the most profitable countries for running a business:

• political and economic stability;
• no need to allocate servers in Costa Rica;
• a bank account can be opened in any country;
• no taxes for companies that run a business overseas;
• fast and simple company registration;
• all nationalities accepted as directors or owners;
• relatively low costs and fees.

The process of preparing necessary documents may take a long time. It is possible to make the procedure easier and faster with Slotegrator as the company offers assistance in obtaining a gaming license by dealing with legal issues.

Download Free Gaming Law Guide

With more direct experience in legal online gaming companies than any other firm in Costa Rica and Central America, GLC Costa Rica Gaming Law Attorneys is a regional Gaming Law authority based in Costa Rica. Directed by Online Gaming Law expert attorney at law Augusto Arce, our firm has more than 14 years of experience in offshore gaming legal structures and companies operated from Costa Rica.

The creation of Costa Rica gambling corporations through a gambling license is one big part of our expertise regarding Costa Rica gambling law. Knowing the Costa Rica gambling industry and the requirements for a company to get established in the Costa Rica online gambling environment is our specialty. Most of the gambling sites and gambling companies are located in Costa Rica, and most have looked us as a guide to setup online gambling licensed services.

We know every aspect of the Costa Rica online gambling law and the online gambling legal requirements to get a gambling license. It does not matter if you want to setup one gambling site or several gambling sites, GLC Costa Rica Gaming Law Attorneys provide guidance for a Costa Rica online gambling operation under the Costa Rica gambling law structure.

Gaming companies in Costa Rica

For many years GLC Costa Rica Gaming Law Attorneys have adviced hundreds of entrepreneurs of small, medium and large online gaming companies in all the related aspects required to install a legal gaming operation as an offshore platform in Costa Rica. Because of the special nature of the gambling industry GLC Costa Rica Gaming Law Attorneys analyzes every specific request individually. Clients from around the world are interested in setting up a lucrative Costa Rica online gambling operations, however based in our experience with individuals and companies from around the world we believe in a serious analysis of the best way to provide a legal structure to the gaming enterprise.

GLC Costa Rica Gaming Law Attorneys Managing Partner Mr. Arce is the author of 'The Legality of International Gaming in Costa Rican Law' of 1999 and his opinion on the ever growing industry of online gaming has been featured in all the main newspapers of Costa Rica, specifically La Nacion, The Tico Times, El Financiero and Al Dia, besides that we have provided legal counsel to some of the largest online gaming operations in the country and the world.

Mr. Arce's experience in the Costa Rica online gambling industry and of the online gambling law, led him to create also a reference guide to setup online gambling license in Costa Rica. Costa Rica gaming companies, under the costa rica gaming license structure, more than surely have required of Mr. Arce's services to get an online gambling license.

Gambling in Costa Rica is permitted under the Costa Rica gaming law, so online gambling legality is not at question when planning to establish an internet online gambling operation. Costa Rica gambling law allows companies to have a gambling license and gambling sites under current online gambling laws.

So if you are planning to setup online gambling in costa rica as a company or individual, let us explain how gambling online from Costa Rica can be done. GLC Costa Rica Gaming Law Attorneys are the gaming law experts in costa rica, as our legal online gambling expertise shows.

The following are the basic services that we can provide to the online gaming entrepreneur:

• Online Gaming Report: A customized legal analysis of the implications of installing an offshore gaming company. You will need to give us at least the following information: Nationality of beneficiaries, Location of Servers, Types of Games offered, Target Market, Size of Operation and other important details.
• Gaming Companies: GLC Costa Rica Gaming Law Attorneys provide Costa Rican Gaming Companies with an authorization in their articles of Incorporation which allows online gaming activities and online entertainment.
• Gambling License: Costa Rica offers the ideal online gambling license for start ups, some of the largest online gaming companies of the world started in Costa Rica. The gambling license offered in Costa Rica is known as a data processing license and is actually an equivalent to a gambling license per se that has a comparatively low cost if compared to other licenses available in Panama, Antigua, Phillipines or the EU.
• Offshore Banking: A very delicate matter requires special attention to detail and will be created based on the special requirements of each specific business group.

GLC Costa Rica Gaming Law Attorneys strongly suggest you to contact our Gaming Legal team before you embark in your gambling operation as it is not recommended to incorporate a gaming company, obtain a gambling license or open bank accounts from firms who merely act as intermediaries or incorporation agents.

Costa Rica Gambling License Steps

Costa Rica Website

Please look at the following basic step by step procedure to obtain a Gambling License aka Data Processing License:

Installing an online casino or gambling operation step by step procedure using an offshore company:

Step 1: Request an Online Legal Gaming Report to fully understand the details and implications involved in operating an online gambling operation.

-Give us a nationality of the beneficiaries

-Location of servers

-Target Market

-Type of Games offered

- Other important aspects

Step 2: Incorporate a Costa Rica Gaming Company or Purchase a Ready-Made Costa Rica Gaming Company

-Give us personal details of legal representatives and beneficiaries of the corporation.

-Proceed with the incorporation

Step 3: Incorporate an Offshore Corporation for Offshore Banking

-Give us personal details of legal representatives and beneficiaries of the corporation.

-Proceed with the incorporation

Step 4: Opening offshore Bank Accounts

Step 5: Apply for Gambling License via the Costa Rica Gaming Company

-Select the ideal location in Costa Rica with our advice.

Data Processing License Costa Rica

-Obtain necessary permits thru GLC Costa Rica Gaming Law Attorneys

-Obtain Gambling License

Data Processing License Costa Rica

Step 6: Get introduced by GLC Costa Rica Gaming Law Attorneys to payment processing companies

Data Processing License Costa Rica Travel Advisory

Step 7: Go Live!