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Experience working with Curacao Master Licensees and how to pass audits.

Experience working with Curacao Master Licensees and how to pass audits.
15 Jan 2023
To date, we at Rikk have worked with 3 master licensees on multiple occasions:

  • Cyberluck Curaçao NV (Curaçao-eGaming) #1668/JAZ;
  • Gaming Curaçao (GC) #365/JAZ;
  • Antillephone NV #8048/JAZ.
From the experience of working with them, CEG #1668/JAZ can be distinguished as the most strict and meticulous master licensee. Obtaining a license or changing the beneficiary can be a significant challenge. CEG also requires a local director. The rest can agree on a proxy holder (it means the director will be your person, and a local representative will be appointed by proxy).

Not all directors work with CEG, and what’s even more important — only a few have good connections there. However, they also have advantages: by working with them, you can potentially implement quite cool and complex things for your business.

The rest of the master licensees are more loyal and phlegmatic. However, sometimes there may be issues in the case of transferring domains from license to license. In case of loss of a license, you can get a refusal.

In terms of pricing, all are somewhat on the same level. The noticeable difference may be in the cost of adding each new domain and/or mirror. You must remember that you can negotiate with them and get a discount. To succeed in this regard, a good option is to have a better offer from another master licensee.
Quarterly audit of a company in Curacao
CEG is the first to launch a quarterly audit of the company. We believe that in the future, this will await all players in the industry. In general, the audit is not very complicated and does not present any particular problems once you have experience in this field. However, for the first time, it can make you suffer. The questions are quite standard: they clarify turnover, winnings, deposits, complaints, self-excluded players, public documents on the website, changes in the corporate structure of the company, and other aspects.

When filling out the audit for the first time (and also in subsequent ones), we advise you to take screenshots of everything that you fill out and what you write there. So next time, it will be much easier for you to remember what you filed. You can fill in everything faster and also not get confused by numbers and indicators.

About the author
Contact the author:
Vladyslav Yarovoi acts as a managing partner at the esteemed Rikk law firm. With his Master of Law and expertise in a high-risk business, Vladyslav has become an authority on providing legal support for IT businesses; from ensuring their successful launch to making sure they are ready for IPO.
Vladyslav Yarovoi

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