⚡️ What is needed to become a gambling operator in Costa Rica? 🇨🇷❓

⚡️ What is needed to become a gambling operator in Costa Rica? 🇨🇷❓
The undeniable benefits in this GEO are a favorable legal environment, a flexible business structure, and a relatively stable economy.

▶️ Context: Costa Rica does not issue specific gambling licenses. Instead, operators establish a legal entity in the
country and include "iGaming" or "online gaming services" among the company’s objectives.

▶️ Key Conditions: Operators must meet the requirements for the structuring of the company and demonstrate to the authorities that services will be provided outside of Costa Rica.

▶️ Legal requirements for registration:

1️⃣ Submit an application to the
National Registry (Registro Nacional de Costa Rica) to create an LLC (limited liability company) with multiple shareholders.

2️⃣ Carefully draft the incorporation documents, clearly specifying the objectives of the company.

3️⃣ Appoint a legal representative to act on behalf of the company. This representative does not necessarily have to be a citizen of Costa Rica but must reside in the country to handle any legal or administrative matters.

▶️ Taxes: The system operates under a territorial tax scheme. This means that income earned from foreign sources is not subject to local taxation. In other words, one can legally operate as a gambler or provide online casino services without incurring taxes. However, gambling companies are required to pay standard corporate fees, including the annual corporate tax and registration fees in the National Registry.

▶️ These expenses are relatively low. For example, the operator’s obligations include paying a security deposit of 250,000 USD.

▶️ Legal Framework: As mentioned, the government does not actively regulate the activities of online gambling operators unless they offer services to residents of Costa
Rica. This means there is no dedicated regulatory organization.

▶️ It sounds great… but there are challenges, particularly concerning the payment aspect. Many local banks are reluctant to collaborate with operators due to the absence of an official license. As a result, operators often resort to cryptocurrency payments and offshore solutions.

▶️ Note: Costa Ricans are allowed to gamble in physical casinos. The country has a population of 5,327,387 people. The GDP is 28,558 USD.

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