Costa Rica Online Casino License

Obtaining an online gambling license in Costa Rica is a very important step for consistent online casino business. It will help you to avoid problems with the law and create trustworthy relationships with the players. What do you know about Costa Rica as an online gambling licence provider? Portal that delivers current and accurate information about the world of online casinos.

While in the not too distant past, the Central American country of Costa Rica had been home to more than 250 online gambling companies, the numbers have decreased dramatically in recent years.

There still is no governmental or regulatory framework governing online gambling or eGaming whatsoever, as such no official Costa Rica Online Gambling License designed to deal with e-gaming (gambling over the Internet) exists.

The absence of legislation governing online gambling operations or administration from Costa Rica means very clearly that a Costa Rica Online Gambling License does NOT exist

The businesses and operations of Costa Rica-based online gaming or Gaming companies are not not regulated, supervised or licensed in any way shape or form, including the so called ‘Data Processing’ license.

Because there is no official organization to issue any kind of license or recognize license holders, there is no betting or gaming tax whatsoever. Again, to be clear, there is no such thing as a Costa Rica Online Gambling License, Data Processing License or any other kind of license for Online Gaming.

Although an extensive Fiscal Reform plan has been introduced by current President Carlos Alvarado Quesada, of the PAC party, Establishing a gaming control board or implementing licensing fees in Costa Rica was not part of it or even mentioned. Unlike his predecessor Luis Guillermo Solis, also of the PAC party, who had hopes to establish a gaming control board for online gaming. In the past, the Finance Ministry had released draft plans for regulating said industry. Included in the plan is a tax on online gaming of 0.5 % of gross income to help fund the control board. Additionally, a 5 % tax would be levied for the fight against crime. The new board would report to the Minister of Interior and Police and would process six-year gaming licenses at a suggested annual fee of USD $50,000.

Costa Rica Online Gaming Company (License Alternative)

With our Online Gaming Company you can legally offer Online Gambling (Sports Betting, Online Poker, Online Casino Games, Online Bingo, Fantasy Sports, Lotto, Lottery Messenger, CSGO and every type of betting) options from Costa Rica. This includes classic sports bets football, basketball, ice hockey, soccer, horse racing and greyhound racing. The company may conduct business world wide via the internet securing clients from all over the globe. As no special Costa Rican Online Gambling License exists or is required in Costa Rica, the business is operated by a specifically registered Costa Rican Company. This provides for all the profits from the company to be tax free and indemnifies the directors from liability.

What does our Costa Rica Online Gambling Company (Gambling License Alternative) Include?

• A Costa Rican Corporation: Costa Rica is an outstanding choice when it comes to incorporating an online gambling business as no rules, regulations exist meaning no license is required. Complete zero-tax status, and the world’s friendliest online gambling legal environment enable you to conduct your business 100% confidential and compliant.
• 2 Hours Personalized Advice: Need some help or assistance with conducting your business offshore? We offer the best after-sale support in the industry, and will do our best to assist you with whatever concerns and problems you might have … ! Take advantage of our owners decades of experience in the Gaming industry.

A summary of the benefits of registering your Costa Rican Online Gambling company with us:

• all nationalities accepted as directors or owners
• only basic due diligence required
• fast (2 week) turnaround
• affordable initial costs and fees
• affordable ongoing annual renewal fees
• operations can be undertaken worldwide
• no paid up capital deposits required

What a wealth of the benefits !

Costa Rica Online Casino License Plate

Take advantage of this unique offer right now, Contact Us today and get your own Costa Rican Online Gambling Company!!!

Costa Rica Online Casino License Renewal

Now is truly the time to establish your eGaming business before it’s too late!

**PLEASE NOTE** We do not provide online gaming services of any kind to companies planning to accept customers from the USA or any other restricted countries.

Costa Rica is a nation in Central America, located between Nicaragua and Panama. Its bordered by both the Pacific Ocean and the Caribbean Sea. Costa Rica offers many attractive tourist destinations within its 19,652 square miles. Its also a haven for companies wishing to conduct online gaming, even though this has started to dwindle.

In this article, we will be looking at all the legal aspects online gambling in Costa Rica.

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Brief History

The Spanish first explored the area in the 16th century. The intense heat, unwelcoming natives, and disease-ridden swamps did little to promote colonization. A permanent settlement was established in the central part of the nation in 1563, and it remained under Spanish control until the country declared its independence in 1821.

For 15 years, they were part of the United Provinces of Central America. Once the alliance crumbled Costa Rica announced its independence, and it has remained a sovereign nation ever since. Despite two notable periods of internal strife, it has established itself as a stable force in Central America thanks to agriculture, tourism, and technology.

Costa Rica Gaming Commission

There’s no such thing as the “Costa Rica Gaming Commission.” However, this hasn’t stopped several unethical casinos from pretending to be licensed by this fictional governing body. If you come across a site making such a claim, get away as fast as you can.

Getting a Costa Rica Gambling License

Let’s get one thing straight: there is no such thing as a gaming or gambling license in Costa Rica. If an online gaming firm wants to base their operations in the country, they only need to do the following:

Costa Rica Online Casino License Search

• Buy a business license for $5,000 (which can be renewed annually for an additional $5,000).
• Pay $500 to cover the legal costs of processing the license.

Once these steps have been completed, a person can open their online gaming business and do whatever they like. As long as the nation gets its annual $5,000, they’re happy to look the other way. This has been especially appealing to operators with questionable software or criminal backgrounds, as absolutely no oversight exists.

Advantages and disadvantages of having a Costa Rica Gambling License

An advantage of having a Costa Rica gaming license is that their online revenue is coming from other countries, the company can also avoid paying taxes on their profits. And when you consider that no anti-money laundering policies exist for online gaming, it’s easy to see why certain elements might be drawn to the country (especially since more than $140 billion annually is laundered through sports betting around the globe).

There are, however, a few disadvantages to running a gaming business from the jurisdiction of Costa Rica. These include:

• Costa Rican residents cannot be accepted as customers.
• Local banks will not process online gaming transactions.
• Since the nation’s banking industry is largely controlled by the United States, opening a corporate account can be difficult.

Casinos Operating in Costa Rica

Over the years, more than 400 e-gaming operators have set up shop in Costa Rica. Although the current number only stands at 34. Of this current group, only six have a two-star rating or better (out of a possible five), according to an online casino review site.

Costa Rica Gambling Laws

As you’ve learned so far, casinos operating out of Costa Rica do so with little to no supervision from the government. This has led to a wide disparity in the quality of operations, from the reputable to the downright criminal. Based on the findings of some leading Internet watchdog sites, here are some of the best and worst of Costa Rican online casinos:

The Good

These online poker sites can usually be trusted to offer fair games and issue payouts in a timely manner.

• Slots Plus Casino
• Vegas Casino Online
• Las Vegas USA Casino

The Bad

Players have reported numerous problems, especially when it comes to receiving payouts.

• Sportbet Casino
• BetUS Casino

The Ugly

According to player reviews, these casinos are likely to take your money and never give anything back.

• Vegas24
• Londoncasino
• Games4Money

Costa Rica Online Casino License Application

Player Complaints

If you’re a player with a complaint against an online casino based in Costa Rica, you’ll be disappointed to find no recourse other than to deal directly with the operator. This is due to the fact that the nation has no central governing body to oversee customer problems or ensure that gambling companies are behaving in an honest matter. For this reason alone, any potential customer would be wise to take their business elsewhere.

The History of Gambling in Costa Rica

By the end of the 20th century, a billion dollars in annual revenue was being generated by the online gaming industry. Nations such as Antigua were already making a fortune issuing licenses to Internet operators, and interest in such relations intensified when the Internet Gambling Prohibition Act was introduced into the U.S. Senate in 1999. While it was defeated, this bill sent shockwaves through the industry and caused operators from Canada to Israel to start looking for alternate locations. That’s when Costa Rica arrived on the scene.

Golden Age for Online Operator in Central America

This ushered in a golden age for online operators in the Central American nation. There were no government regulations to worry about, no taxes to be paid, and foreigners were made to feel welcome. The money came pouring in, and Costa Rica earned a reputation as a place where Internet entrepreneurs could enjoy a lifestyle filled with fast cars and beautiful women.

The decline Costa Rica Gambling

Starting in 2000, however, came the decline of the Costa Rica gambling scene. It started when agents from the United States began carrying out arrest warrants in Costa Rica and extraditing those involved in sportsbook operations. This eventually expanded to include online casino operators, and many were nabbed in the supposedly sovereign nation, shipped to America, and charged with various violations under the country’s Wire Act.

Then came the passage of the Unlawful Internet Gambling Enforcement Act in the U.S., and yet another crippling blow was dealt to the Costa Rican gaming industry. Companies relocated in droves, and those who stayed found their stocks taking a significant downturn. Individual players were soon targeted, and it all culminated in a raid on the offices of UltimateBet and Absolute Poker by local authorities.

Costa Rica Gambling Today

Today, online gambling in Costa Rica is slowly making its way back into the United States in a more regulated form, and this has led some to accuse the nation of demonizing the industry to advance its own agenda. A prime example is the film “Runner Runner,” which depicts the nation’s gambling industry and law enforcement as being awash with corruption. The American Gaming Association threw their support behind the film, holding it up as an example of the dangers faced by American players when they’re forced to gamble outside their home nation.

Since online casinos in Costa Rica often target American players, and gambling on mobile devices alone is expected to surpass $100 billion by 2017, the stakes are higher than ever before. A number of industry experts predict online gambling in the United States will be legalized by 2020. As a consequence, there are just as many insiders who expect the Costa Rican gaming industry to be out of business at the same time.