You probably associate Costa Rica with its beautiful nature and unique wildlife but not so many people know that there is a GLC Costa Rica Gaming Law Attorneys group that oversees the Costa Rica Licensed Casinos. With more than 14 years in the sphere, the government of Costa Rica ensures the establishment of gambling-related venues. In order to launch a gambling company, you need to obtain the so-called Data processing license.
This new certificate is among the most popular online casino licenses in the world. It helps with the fast set-up of online gambling corporations. In fact, online businesses in Costa Rica are self-regulated, meaning that there is no betting tax. However, do not think that this reflects on the security measures because platforms that have the Gambling License from 2020 are fair and secure.
Costa Rica is one of the most attractive places for both tourists and gambling companies. Thanks to the new regulations that were introduced in 2020, the online casino market in the region are growing day by day! If you want to find the perfect operator for you, check the list down below. We have selected the most secure and trustworthy casinos that you can try.
Costa Rica is a small, but magnificent country in Central America. It is located between the Pacific Ocean and the Caribbean Sea, which makes it a great tourist destination. It also shares borders with Nicaragua and Panama.
The people of Costa Rica, also called Ticos, are mainly known for their commitment to the environment and their way of living. Pura Vida or pure life represents the main ideology of the Ticos. If you want to learn how to enjoy every day to the fullest and live in a stress-free environment, better book your next flight to San Jose. Moreover, Ticos have special things to offer to every gastronomy enthusiast. The cuisine in Costa Rica is a mix of Spanish, Native American, and African dishes. So, you can be sure that you won’t leave the county with an empty stomach.
It’s a must to see Costa Rica! Despite the slow way of living, Ticos will show you how to have fun at any time of the day. You can go rafting, scuba diving, surfing, ziplining, etc.
The Legality of International Gaming in Costa Rican Law dates from 1999, but to this day, there is no official organization that regulates and monitors the license holders in the country. As we already mentioned, the online gambling companies in Costa Rica are self-regulated, which means that they are not required to pay betting fees. For this reason, many international gambling companies want to operate on the market. Also, they are attracted by well-developed financial services in Costa Rica.
So, if you want to start up an online gambling business, you will need to obtain the data processing license. In order to do so, The Local Regulatory Authority needs to revise your application and see if your documentation corresponds to their conditions. Keep in mind the Costa Rica Gambling License covers all sorts of gambling.
In the past few years, Costa Rica has been attracting many gaming entrepreneurs due to its licensing process and no paid-up capital requirements. Investors and online operators see this beautiful country as a hospitable environment for gambling because it allows registering online casinos like any other type of business. However, you should keep into consideration that land-based venues are banned. Moreover, you will be able to play online only if you are not a citizen of Costa Rica. This practice may confuse you, but the law restrictions in this region differ to a great extent from these in Europe.
As you may know, the role of soccer in Central America is highly estimated. For this reason, Costa Rica is a perfect place for every sport-betting enthusiast. In most of the online casinos, you will find a special section for football and lotto. Also, don’t forget that it’s illegal to play games with random outcomes like Blackjack, for instance! Unfortunately, there are no strict laws regarding player protection and safety. That is why we encourage you to check beforehand the legitimacy of the casino you pick if it’s under the jurisdiction of Costa Rica. You need to make sure that the operator you chose has a good reputation and a high rating when it comes to security.
As we already said, the local government authorities are the ones that decide whether an operator will receive the Costa Rica Gambling License or not. However, there is no regulatory body that controls the gambling market in the country. That is the main reason why you should be very cautious when you pick a casino.
Furthermore, there are no adopted gambling standards in Costa Rica, which means that every operator may have different principles. Identity frauds are the most disturbing issues that may occur. Unfortunately, due to the lack of safety measures in some casinos, you cannot be absolutely sure that your personal information is safe. We believe that every casino licensing authority has to guarantee the protection of players and their funds. So, choose very carefully when it comes to casino operators even if they are licensed!
There is no doubt that you can easily obtain a casino license in Costa Rica. That is why many companies in the industry decide to take advantage of the offers that this authorizing body has. For instance, they will benefit from no taxes on gambling procedures, no restrictions on ownership, quick set-up, zero tax on revenue out of the country, and low fees. All they need to do is to register a business like any other and file for a Data processing license. Keep in mind that every casino under the jurisdiction of Costa Rica is obliged to use cryptocurrencies or digital payments, which means that you cannot use your conventional payment methods like credit cards and bank transfers.
The main goal of casino licensing authorities is to guarantee that operators are secure and fair. But as mentioned above, the Costa Rica Gambling License does not set any rules to ensure player safety and protection. In that sense, once a casino is registered, it can operate in its own terms and conditions. Unfortunately, poor data security is an indication of a vulnerable betting environment. That is why you should be very careful when picking the venues where you want to play. The most reputable casinos that you will find on the market have special policies regarding player identification, protection of funds, encryption of sensitive information, and clear bonus terms.
Website: www.meic.go.cr
E-mail: uie@meic.go.cr
Phone: +506 235 2700
Jurisdiction: Costa Rica
Type: Offshore
Founded: 2013
Address: Costa Rica, Commerce Industry and Economy Ministry, Edificio del IFAM, San Jose, Costa Rica, 10216-1000
