Date: 4/08/20

Gambling companies in Costa Rica

Costa Rica is located in Central America, and the first thing you need to know, is the fact that gambling licensing doesn’t exist there.

Costa Rica is one of the most interesting jurisdictions for registering a company that wants to provide online gambling services.

Despite the fact that over 400 online casinos are registered in Costa Rica, the country has not yet developed legislation that would regulate online gambling.

Companies registered in Costa Rica can carry out gambling activities without obtaining any permits or licenses.

What are the benefits of the gambling company registration in Costa Rica?

In Costa Rica, there is no legislation regarding online gambling, which means a complete lack of control and regulation by the state. There is also no requirement for a local office and local employees, requirements for server locations, and annual license fees. Compared to other popular gambling jurisdictions, there is no need to test gaming software.

It also has the advantage that income earned outside Costa Rica is tax-free.

A gambling company in Costa Rica is one of the cheapest and fastest ways to start an online gambling business. (Registration period – 1 week)

What is required to register a gambling company in Costa Rica?

  • 3 company names in order of priority;
  • Description of the organizational structure;
  • Notarized copies of passports of directors and shareholders with translation into English;
  • Proof of residential address (utility bill or bank statement not older than 30 days);
  • CVs of director and shareholder in English.
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For whom will be gambling company in Costa Rica suitable?

Please note that the lack of legal regulation means that opening a bank account for a gambling company registered in Costa Rica will be very difficult.

We advise you to open a gambling company in Costa Rica in case you do not need bank accounts or payment solutions in fiat, for example, if you are engaged in crypto-gambling.

Contact Legarithm via chat if you are interested in opening your own gambling company in Costa Rica. Our lawyers will answer all your questions and select the best gambling licensing solution for each specific case.

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