The gaming business is associated with risks, high dynamics and the need to gain a good reputation among customers. To do this, operators need to not only create a gambling platform, but also comply with certain regulatory rules to ensure the safety of their users. To do this, it is worth carefully choosing a jurisdiction in which the business will be legalized and Costa Rica gaming license cost is often recommended by specialists from the SBSB Fintech Lawyers organization as the main solution for many reasons. This is a jurisdiction that has many advantages over other countries in terms of gambling regulations. It is necessary to consider the unique laws of this state in more detail.

Top Reasons for Business to Register in Costa Rica

The Costa Rica license, or rather the lack thereof in the traditional sense, is especially attractive for those operators who want to minimize initial costs and quickly test their gaming products on the market. This is especially true for projects related to software testing, the development of new gaming concepts, as well as for blockchain and cryptocurrency projects that do not need fiat solutions. Costa Rica provides ideal conditions for conducting such experiments and subsequent expansion of the site’s functionality. It is important to consider that despite the lack of a mandatory license, operators are required to comply with anti-money laundering regulations.

Registering a company in Costa Rica to run a gambling business has several key advantages:

  • Territorial tax system. Companies are not required to pay taxes on income earned outside of Costa Rica;
  • Acceptance of cryptocurrencies. The project can accept payments in cryptocurrencies, which makes it attractive to modern users;
  • Quick registration. The registration process takes no more than two weeks, which allows you to quickly get started;
  • Ability to provide a variety of services. A registered company can provide online bingo, sports betting, lotteries, bitcoin casinos, and others.

It should be remembered that companies registered in Costa Rica cannot conduct transactions through local banking institutions, which should also be taken into account when choosing a jurisdiction.

Consultation From Experienced Experts

To successfully register and run a business in Costa Rica, many operators seek help from professionals. SBSB Fintech Lawyers has extensive experience in the field of gambling company registration in Costa Rica and offers a full range of services — from document preparation and opening of bank accounts to legal support after the project is launched.

If you are considering opening an online casino or betting platform in this country, it is important to deeply understand the regulatory features of this jurisdiction. Professional assistance from SBSB Fintech Lawyers can significantly reduce the time and effort required to successfully launch your business.