Costa Rica

Overview

Costa Rica is considered to be one of the most popular jurisdictions that offer online gambling licensing. Moreover, the territory boasts of the best telecommunication system, multilingual employees in the sphere and not very tough regulation. Now Costa Rica has over 200 online casino licensees. According to its legislation, the act of wagering occurs not in the place where servers are physically located. For that reason Costa Rican licensees can offer online casino services to players all round the world on a legal basis.

Costa Rica has a very limited scope of laws and regulations dealing with online gambling. Online casino companies are not subjected to regular testing and monitoring, which means that online gambling operators are self-regulated enterprises.

Online Gambling Licensing

No specific online gambling license is required to legally run an online gambling business in Costa Rica. Online casinos and poker rooms operators function under the ‘data processing license’ issued by Costa Rican municipality.

In order to be licensed in Costa Rica an online gambling business operator needs to have a physical office on the territory of the state. To start a corporation in Costa Rica you will need to issue articles of incorporation, register your company with the Public Registry (Registro Público), obtain your company’s tax identification number (Cédula Jurídica), obtain operational permits, and import / export permits if required. Costa Rica corporations have the abbreviation S.A. (Sociedad Anónima) at the end of their names, is equivalent to Inc.

The minimum capital stock of a company is 10,000 colones (approximately $20.00), represented by the desired number of common stock. They must be subscribed and paid hereby you and third parties that form the company.

Costa Rica offers two types of online gambling licenses:

  • Permanent License with permanent office
    Administrative and Legal costs: US $500
    Legal Fees: US $5000
    Yearly lease of office space US $3600
    Renewal at the end of the year US $5000
  • Temporary License with Temporary open office
    Administrative and Legal costs: US $500
    Legal Fees: US $5000
    Yearly lease of office space US $1200
    Renewal at the end of the year during the years that license remains active US $2000.

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