Costa Rica Gaming License

How to get a gaming license in Costa Rica?

Obtaining a gambling license in Costa Rica. Requirements for Costa Rica online gambling license. Costa Rica gaming license cost.

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Costa Rica is considered one of the most attractive jurisdictions for obtaining a gambling license, as it offers very favorable conditions for running a gambling business. This jurisdiction does not have legislation that regulates the gambling business, thus it is not necessary to get additional permits to legalize your gambling business. Operators can get a single license for running a gambling business that is called a “data processing license”. This license is intended for all types of gambling activities and is issued by regional municipalities.

Costa Rica gambling license requirements

When you apply for a Costa Rica gambling license, you should follow all laws and requirements of this jurisdiction.

The main requirements of the jurisdiction:

  • Registering company in Costa Rica.
  • The office of the company must be located in Costa Rica.
  • The presence of two founders of the company.
  • The minimal amount of authorized capital must be from $100 to $100 000.
  • Opening a bank account (it is allowed to open a bank account in any country of the world).

Required documents for receiving the license in Costa Rica

To obtain a gambling license in Costa Rica, you have to prepare and provide an appropriate package of documents:

  • Certificate of no criminal record.
  • Copies of the founders’ passports.
  • A copy of statutory documents.
  • Detailed business plan.
  • Letter of recommendation from the bank.
  • Confirmation of residential address.
  • A copy of university diplomas.
  • CV.
  • Characteristics of all founders.
  • Copy of the document concerning registration of the company.
  • Copy of the minutes of the meeting when the decision was made on the registration of the company and the appointment of the head.
  • Contact Information.

Costa Rica’s gambling license costs

FeesPrice
Obtaining a gambling license$15000
A gambling license renewal$1500

The license acquisition process in Costa Rica takes approximately three months. It is worth noting that the duration of the gambling license expires every three months. In this regard, operators have to prolong the gambling license upon its expiration.

Taxation

Operators are taxed only on the portion of the business revenues generated in Costa Rica, without having to pay any additional gambling taxes.

It must also be noted that the Ministry of Finance is planning to introduce a new license fee of $50,000 per year. Also, it is proposed to introduce a 0.5% tax on gross income and a 5% tax on the fight against criminal activities related to gambling. 

Why is it worth getting a gambling license in Costa Rica?

The jurisdiction of Costa Rica offers a number of advantages that make it one of the most attractive countries for running a gambling business.

The main advantages of obtaining a gambling license in Costa Rica:

  • Political and economic stability.
  • No need to locate the servers on the territory of Costa Rica.
  • It is allowed to open a bank account in any part of the world.
  • The absence of taxation for companies that operate outside Costa Rica.
  • The process of company registration doesn’t take a lot of time.
  • No need to be a resident of Costa Rica to obtain a gambling license in this jurisdiction.
  • Reasonable cost for acquiring a gambling license.

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