Choosing where to establish your iGaming or crypto business is one of the most important steps toward gaining a solid reputation and credibility in the industry. Your choice of regulatory authority determines the way your company is viewed by potential partners and users across the planet.

With a variety of regulators in different countries, Costa Rica has emerged as a leading option in this area for several compelling reasons.

The Appeal of a Costa Rica Gambling License

Costa Rica’s flexible business licensing and crypto-friendly environment make it a top choice for iGaming companies. The legislation is designed to welcome new business by making it easier to get set up and start operating, rather than putting problems in the way or causing delays.

It’s important to note that Costa Rica does not issue specific gambling licenses. Instead, the country offers a data processing license that many companies use in place of an online gaming license. While Malta, Curacao and some other gambling authorities issue a crypto-specific license, the approach taken in Costa Rica is to give a more general license.

If you appreciate the flexibility offered by this approach, you will find fewer regulatory hurdles to get started. Since this is a general business license rather than a specific gaming license, the process is less demanding than in jurisdictions with strict gambling regulations.

What Makes Costa Rica a Crypto-Friendly Jurisdiction?

Getting a license to run a crypto business in Costa Rica is becoming an increasingly popular option. This popularity stems from the country’s stable legal environment and framework that minimises complications during business setup.

Moreover, the general legal neutrality of the country allows it to accommodate crypto businesses without excessive regulation, making it a straightforward jurisdiction for cryptocurrency operations.

This ties in with the ongoing trend that has led to more businesses using cryptocurrencies. These tokens can be used as an accepted payment method, for trading purposes, or for various other reasons. Because of this, it’s becoming increasingly important for companies to know that they are dealing with digital assets legally at all times.

Business Advantages for iGaming Companies in Costa Rica

As the gaming license requirements become more complex worldwide, Costa Rica maintains simplicity for gambling companies looking to operate there. Key advantages include no direct gaming taxes and territorial tax benefits, making this a financially attractive option.

How difficult is it to establish a gaming operation in Costa Rica? With no specific iGaming regulations to meet and the option for remote operations, this is a straightforward process that minimises bureaucratic complexity.

Having a reliable gambling license is the clearest sign for new players and business partners that a gambling site is legitimate. However, the fact that there are different ways of doing this means that every company has the opportunity to choose the approach that best suits them.

The ease with which they can get started in Costa Rica is one of the benefits likely to appeal to new iGaming companies looking to start generating a profit as soon as possible. Together with the possible cost savings offered by operating under a Costa Rica license, this could ensure that it results attractive enough to overcome any concerns about whether a more stringent gambling license would be better.

How Much Does Setting Up in Costa Rica Cost?

The relatively low cost of establishing an iGaming business in Costa Rica makes it an affordable choice compared to regulated jurisdictions like Malta or even Curacao or Anjouan. Rather than obtaining a gambling license, you can apply for a data processing license or other confirmation of company’s legal activity in Costa Rica that keeps initial costs low, with modest licensing fees and legal expenses.

Another crucial advantage is that you don’t need to pay gambling taxes on revenue earned. We recommend checking the latest figures with us and comparing them to licensing costs in other jurisdictions.

It’s worth considering the lack of different maintenance costs when locating an online gambling operation in Costa Rica. The relaxed approach to where the company and employees are based can help avoid expensive relocation costs or office rentals. Other license providers have stricter rules about whether the business has to establish some sort of physical presence in the country where it’s regulated.

Common Legal Questions About Gaming in Costa Rica

Online gambling operations are legal in Costa Rica, though they aren’t heavily regulated. This is why you can operate an iGaming business there without a specific gambling license. By registering with a data processing license or other confirmation of legal gambling operations, you can operate as a general business without the constraints of gambling regulations or specific gaming taxes.

If you’re worried about where you can offer iGaming services through a license like this from Costa Rica, the answer is that you can operate in most parts of the world. The major point to bear in mind is whether online gambling is legal in the country you want to enter. If it’s legal and there’s no local licensing requirement, a Costa Rican license can usually be used to operate there.

Some users may feel less comfortable with the thought of gambling on a site that has a licence from Costa Rica rather than one from a more widely recognised authority, such as the Malta Gaming Authority or the Isle of Man Gambling Supervision Commission. However, this isn’t likely to be an issue for many other users, and it doesn’t affect the legality of your services.

Inteliumlaw’s Legal Advice for Costa Rica iGaming Companies

At Inteliumlaw, our extensive experience supporting Costa Rica iGaming companies ensures that you receive expert guidance every step of the way. From company formation to local compliance and ongoing support, we provide the expertise you need to leverage Costa Rica’s welcoming business environment and flexible approach to licensing.

Stay informed with the latest legal developments at Global Law Experts