Costa Rica is an exceptional country in terms of legislation in terms of online gaming business. Generally speaking, there is no legislation in the field of gambling. Of the other advantages, it is worth highlighting quite loyal taxation and the lack of control over any real and online gambling sites. The modest state of Costa Rica has always been a tempting place to do this kind of business. And now it has become even easier to place an online gaming platform here.
An interesting fact! More than 4 hundred companies operate in the Costa Rican sector.
However, the legislative forms remained the same and were not subject to adjustment. The situation in the country in terms of politics and economics is stable and favorable.
Considering all the above factors, it becomes clear that there is no need to purchase an online gaming license. This is a unique fact in the jurisdiction of Costa Rica.
Any institution or online platform that provides gambling services is a self-regulating body and is not subject to the intervention of any legal structures.
It is only necessary to purchase a commercial license (Data Processing License), which entitles you to various types of activities, including the online gaming business.
In this Central American state, there are two types of acceptable forms for establishing an organization:
A feature of conducting online gaming activities in Costa Rica is the fact that there are no strict obligations on the authorized capital. The main requirement of the state is the presence of at least 25% of the shares in the form of cash for payment upon registration and the provision of a power of attorney to conduct activities in the country.
Due to the many advantages of running an online gambling activity in Costa Rica, one should not forget that there are certain disadvantages.
The main disadvantage is that Costa Rica banks do not process transactions for online casinos. The regulation of the entire sector of local banks falls under the jurisdiction of the United States of America.
Another significant drawback is that any citizen of the country does not have the right to participate in gambling.
Corporate tax on gambling activities is not subject to payments. This is based on the legislation of the country: any private business outside the borders of the state is not subject to taxation.
There are no other taxes or fees of any kind. This is the most attractive aspect of Costa Rican law for businessmen wishing to operate in the sector of this jurisdiction.
A payment of 68 colones (monetary unit of Costa Rica) is required to register any business. Companies here have an international level and opportunities to do business around the world.
Keep in mind that there is no capital gains tax in Costa Rica.
To register a company, individuals are required to provide the following papers:
For legal entities, the list of documents is as follows:
Each document, reference and certificate must be in English, and all copies must be strictly certified by a notary.
Unique in its kind, the state of Costa Rica offers online gambling business on very attractive terms.
All this makes Costa Rica an excellent option for starting a gambling business.
This Central American country has a huge number of lawyers and financiers who will help all interested clients.
The government, with its loyalty, is doing everything necessary to ensure the comfort of potential owners of online casinos. This also applies to other online projects, which has a positive impact on the communication infrastructure of the state.
The liberal politics of Costa Rica will allow you to comfortably conduct a business in the field of gambling with almost complete freedom in relation to regulation by legislation.
There are no specific regulatory bodies
