Due to a large number of gambling sites basing themselves in Costa Rica, an internet gaming license was introduced. This license is still not strictly required in order to provide online gambling services from the region, although most sites do apply for it regardless.

1. A Data Processing License (DPL), which we can assist with from the local government authorities; In practice, you do not require a license for gaming online, but you do require a data processing license; Incorporation process for gaming company in Costa Rica. Incorporation of a Costa Rica Company for Gaming. This entity is a S.R.L.
2. Costa Rica Gambling Licenses Costa Rica is one of the best places to set up online casino and online gambling corporations thanks to the lack of legislation governing online gambling businesses and the excellent infrastructure in the small Caribbean nation. The Costa Rica telecommunications system employees are highly trained and multilingual.
3. License to Gamble: Online Gambling pre-requisites Yes, the Gambling Commission was more active than the industry expected and the purpose was to protect the interest of gaming enthusiasts. This might have emerged as a threat to many budding sites, but has been beneficial to players as it saved their hard-earned money from being laundered.
4. Costa Rica Gaming License Costa Rica is a country in Central America were online casinos are allowed there to register themselves as official commercial businesses. Land-based casinos have been banned from running business operations within the borders of this nation.

The Republic of Costa Rica is predominately English-speaking Central American nation. Long known for its exceedingly stable democratic style of government, Costa Rica is not widely recognized as a traditional offshore financial center. In fact, county’s tax structure does not tax offshore corporate income. However, the small nation is widely known for offering a Costa Rica Gambling License.

Since the turn of the century, Costa Rica has taken more deliberate steps to attain status as a bona fide offshore financial center. This has enacting a series of laws favorable to the gaming industry, alongside banking and financial services sector legislation. In fact, at its peak, Costa Rica played host to over 300 offshore casino and sportsbook licensees

Best Casinos In Costa Rica

Costa Rica is an ideal jurisdiction for obtaining an offshore gambling license. Perhaps surprisingly, Costa Rica does not regulate online casinos, lotteries and sportsbooks directly, but rather requires a Data Processing License in order to operate. Accordingly, the streamlined process for obtaining a Costa Rica Gambling License is ideal for startups looking to gain a foothold in the lucrative gaming marketplace. Moreover, the lack of gaming-specific regulation makes Costa Rica extremely favorable to startup operators seeking to establish their brand in this competitive industry.

The global gambling industry generates revenues in excess of $500 billion annually. The streamlined and cost-effective process of obtaining a Costa Rica Data Processing license can grant you access to this extremely lucrative market in a matter of mere months. As an increasing number of jurisdictions begin to legalize and regulate gambling, Costa Rica nevertheless remains a premier destination for obtain an offshore gambling license.

• Incorporation of Costa Rica or comparable offshore corporation
• Arrange for local registered officer, local directors and local office
• Draft corporate bylaws, minutes and owner share issuances
• Establishment of corporate bank account suitable for gaming operations
• Establishment of merchant service account for accepting credit and debit cards as well as electronic money and cryptocurrency
• Draft requisite business plan, financial statements and financial projections
• Draft requisite Anti-Money Laundering & Know-Your-Customer policies
• Arrange for software providers, affiliate networks and local hosting and servers
• Prepare and process application for Costa Rica Data Processing License
• Representation before licensing regulatory authority, banks and liquidity providers
• Ongoing guidance on operational matters including license passporting

Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the offshore
gambling license experts at FinLaw to begin the process of obtaining your Costa Rica gambling license today.
Our knowledgeable and skilled professionals are pleased to answer any of your questions.

Call (213) 534-8656 for your free consultation or contact us here.

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.

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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.

Costa Rica Gambling Authority

Costa Rica Casino Hotels

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.