Curacao

Curacao has fundamentally overhauled its long-criticised offshore regime. The National Ordinance on Games of Chance (LOK) entered into force on 24 December 2024, replacing the 1993 NOOGH offshore framework and abolishing the master and sub-licence system under which one master licensee could issue countless sub-licences. The former Gaming Control Board was reconstituted as the Curacao Gaming Authority (CGA), which now licenses operators directly through B2C licences (online casino and sports betting across all verticals) and B2B licences or registrations, all recorded in a public register. The fiscal appeal endures: there is no GGR or turnover tax on international online gaming, only a net-profit corporate tax reported at around 2% (unverified), plus annual fees of roughly EUR 47,450 for B2C and EUR 24,490 for B2B, and an application fee near EUR 4,592. The reform has moved quickly - in November 2025 the CGA updated its fee policy with pro-rata six-month billing and shorter invoice terms while fully phasing out the NOOGH transitional regime, and in January 2026 it published updated LOK compliance requirements mandating reporting on player complaints, ADR and financial data. For operators, Curacao remains a low-cost, tax-light gateway to international markets, but with materially higher compliance expectations and direct regulatory accountability than under the old opaque sub-licensing model. The direction of travel is toward legitimising the jurisdiction - retaining its cost advantages while adding transparency, a public register and enforceable licensee obligations.