Fees and Collection Policy from Curacao GCB

Introduction

Effective immediately this document outlines the fees and collection terms pertaining to a gaming licence issued and operated by the Curacao 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 “per-domain” fee that is applicable.

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

• In the event that 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 agreement that the entity may have with a Master License holder. For the avoidance of doubt having an active sub-license at the time of being issued a direct license by the GCB does not exempt the operator from its financial obligations to the GCB,.
• Fees will be invoiced in EUR, using the exchange rate published by the Curacao Central Bank 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. Notice shall be issued in the form of letter sent by email to the official email address registered on the GCB Portal.
• Notice of license approval shall be accompanied by an “Initial Invoice of NAF 36,000, which is payable in full prior to formal granting of license, along with the first “Monthly Invoice” which is payable subject to the terms in the section below entitled Monthly Fee.
• The license will be formally granted and added to the license register on the GCB site upon receipt of payment of the Initial Invoice
• Operators are not permitted to use the Green Digital Seal on their domains prior to the on formal license grant.
• Under Curacao legislation stamp duty is payable in the amount of NAF 60, in local currency. is The local bank account is provided to the local director in the approval email.
• Hard copy license issued by GCB to the local director on payment of the stamp duty at the GCB registered office.
• Soft copy license of the license can be downloaded from the GCB portal.

Invoicing and Collection

Initial Invoice

1. Payable in full within 5 calendar days.

2. In the event that it is not paid within 5 calendar days, the local director will be contacted by GCB Finance Department with notice that non-payment after further 5 calendar days will result in the formal rejection of the application.

3. Rejection for non-payment of Initial Invoice will be processed on the GCB licensee portal, published on the GCB website.