When will the new legislation regarding the Curaçao license come into force? The Minister of Finance expects the new legislation to come into force at the end of the 2nd quarter of 2023. Given the fact that current master license holders have not had their licenses renewed to this day (all expire in 2023), there is a good chance that the legislation will come into effect soon. More information about the new requirements, as well as the cost of the license, will be available soon, after the final adoption of the bill by Parliament. Unfortunately, at the moment the bill is not in the public domain and we have to collect information from different, but curaçao license verified sources. The process of getting a new license. We also prepared two charts explaining how the transition to a new license will be handled for existing sub-licensees or for applicants who do not have a valid Curaçao sub-license. Transition to a new license for existing operators. Giriş: 07.09.2021 - license 20:30 Güncelleme: 08.09.2021 - 09:56.
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New regulator and license structure. Today, Curaçao licenses are issued by Master license holders. Master license holders are private companies that were granted the right to conduct gambling activities by the government of Curacao in the late 90s. There were only 4 such companies on the market. All operators were operating under a sub-license obtained from one of the owners of the Master License. New changes anticipate the elimination of this system. Balıkesir üniversitesi taban puanları 2023.
The situation with the license for new operators who do not have a valid license will be radically different. They will be obliged to get a preliminary confirmation and only after that, they will be able to register a company and apply for a license. This process can take quite a long time. The image will expand upon clicking. What should operators do about the new Curaçao license? We recommend that operators stay in close contact with their current legal service providers and wait for more information to come in the following months. For our part, we are doing our best to prepare our clients with proposals for a concrete action plan to comply with the new regulatory requirements. We are keeping our finger on the pulse and will be the first to receive more detailed information regarding the requirements and inform you immediately. We are also preparing a contingency plan for alternative licenses for those operators who will not be willing or otherwise unable to comply with the new regulatory requirements of the Curacao license. If you have any questions about future changes or would like to discuss a plan for further action, please contact the lawyer accompanying your project. We will be happy to answer any questions you may have.
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