Curaçao Gaming Control Board Fees and Collections under the NOOGH

Published: 19th September 2024
Version: 1.0

Fees and Collection Policy

Contents

  • Introduction - 2
  • Fees - 2
    • License fee - 2
    • Certificate of Operations: Orange Digital Seal - 2
  • General Info - 2
  • License Issuance - 3
  • Invoicing and Collection - 3
    • Initial Invoice - 3
    • Monthly Fee - 4
  • Certificate of Operation: Orange Digital Seal - 4

Introduction

Effective immediately, this document outlines the fees and collection terms pertaining to a gaming license issued and operated by the Curaçao Gaming Control Board (the “GCB”) under the NOOGH legislation.

The GCB reserves the right to amend this policy at any time.

Fees

License Fee

  • Non-refundable NAF 36,000 on license grant and annually on each anniversary thereafter.
  • Monthly fee of NAF 7,000 plus any applicable “per-domain” fee.

Certificate of Operations: Orange Digital Seal

  • The sub-licensee authorized to display the temporary Orange Digital Seal must pay a non-refundable fee of NAF 28,000. For operators who use the Orange Digital Seal, this payment will be deducted from the license fee invoice issued upon approval by the GCB.

General Info

  • If an operator wishes to pay the full license fee annually in advance, the GCB will accommodate this.
  • Fees are due for any licensed operator, regardless of any ongoing private commercial agreements with a Master License holder.
  • Having an active sub-license at the time of being issued a direct license by the GCB does not exempt the operator from financial obligations to the GCB.
  • Fees will be invoiced in EUR, using the exchange rate published by the Central Bank of Curaçao on the date of the invoice.
  • Fees can be paid in EUR or USDT stablecoin.

License Issuance

  • Once a license is approved, notice will be provided to the local director of the applicant entity via email.
  • The notice of license approval will be accompanied by an "Initial Invoice" of NAF 36,000, which must be paid in full prior to formal license grant, along with the first “Monthly Invoice” payable as per the terms below.
  • The license will be formally granted and added to the license register on the GCB site upon receipt of the Initial Invoice payment.
  • Operators are not permitted to use the Green Digital Seal on their domains before the formal license grant.
  • Stamp duty of NAF 60 is payable in local currency, with the local bank account provided to the local director in the approval email.
  • A hard copy of the license will be issued upon payment of stamp duty at the GCB registered office. A soft copy can be downloaded from the GCB portal.

Invoicing and Collection

Initial Invoice

  1. Payable in full within 5 calendar days.
  2. If not paid within 5 calendar days, the local director will be contacted by the GCB Finance Department, and non-payment after an additional 5 days will result in the formal rejection of the application.
  3. Rejection for non-payment will be processed on the GCB licensee portal and published on the GCB website.

Monthly Fee

  1. Payable in full within 14 calendar days.
  2. Non-payment steps:
    • After 14 days: First reminder sent.
    • After 28 days: Second reminder sent.
    • After 42 days: Notification of pending license suspension if settlement is not made within 5 days.
    • After 47 days: License formally suspended, and Green Digital Seal status updated to "Suspended."
    • After 57 days: License revoked if unpaid.
  3. Suspension and revocation:
    • Processed on the GCB portal.
    • Reflected on the Digital Seal for the domains.
    • Listed on the GCB public license register.
  4. Repeated late payments may be considered a breach of license conditions, and the GCB may take enforcement action as deemed appropriate.
  5. Operators whose licenses are revoked must cease all business immediately and begin player account termination per policy.

Certificate of Operation: Orange Digital Seal

  1. Payable in full within 5 calendar days.
  2. If not paid within 5 days, the local director will be contacted by the GCB Finance Department. Non-payment after an additional 5 days will suspend the licensing process, delaying or affecting the outcome of the license holder’s application.

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