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Costa RicaWhile the Central American country Costa Rica is home to approximately 300 online gambling companies, it still does not have legislation designed to deal with gambling over the internet. However, it is illegal for Costa Rican citizens to gamble online. The absence of laws regarding online gaming made Costa Rica one of the most popular places to start an online gaming business in the early days of the industry. Because of the lack of legislation and regulations, there is no oversight of businesses conducting online gambling through Costa Rica. Businesses operate under a "data processing" license. To obtain the license, a corporation must deal in network administration or internet administration, and an offshore merchant account must be set up to handle all transactions. Licensing fees include a permanent license fee of USD 5,000, a USD 5,000 license renewal fee, and USD 500 for legal costs. There is no betting or gaming tax, and revenues generated from foreign sources are not taxable; only revenue earned within Costa Rica is subject to taxes by the tax authorities. In 2013, the Costa Rican government indicated it wanted to establish a gaming control board for online gaming. The Finance Ministry has released draft plans for regulating the industry. Included in the plans is a tax on online gaming of 0.5% of gross income to help fund the control board. Additionally, a 5% tax would be levied to fight against crime. The new board would report to the Minister of Interior and Police and would process six-year gaming licenses at a suggested annual fee of USD 50,000. The new regulatory scheme has not yet become a reality. 74 Costa Rica sites support English. with United States Dollars. edit your preferences Costa Rica
Address
Ministerio de Economía, Industria y Comercio 400 m al Oeste de la Contraloria General de la Republica Sabana Sur San José, San José Costa Rica 2549-1400 Website Fax +506 2 235 1429 General Information +506 2 235 2700 Support Line +506 2 549 1400 Toll Free Business +506 8 002 667866 View All Gaming Jurisdictions Costa Rica Jurisdiction News
Comparing Costa Rican gaming companies to other jurisdictions
Costa Rica has long been considered a favorable jurisdiction for online gaming businesses, but how does it compare to other popular iGaming hubs like Curacao, Malta, and the Isle of Man? Michigan Gaming Control Board issues cease-and-desist letters to Ace23 and Ace Per Head Ace23 purports it is part of the Ace Gaming Network, which claims on their website to be licensed in Canada and Costa Rica but is not licensed to operate in Michigan. How to establish a gaming company in Costa Rica Fast Offshore's Ron Mendelson explains that there are many things that need to be clarified about what it takes to operate a gaming business in Costa Rica. ACR Poker returns its Cage Live to Costa Rica The online poker site is bringing back its Cage Live, the cash game in a time-based tournament format, to Costa Rica from 3-6 April. iGaming licenses available in Anjouan, Kahnawake, and Costa Rica Fast Offshore’s Ron Mendelson takes a look at the pros and cons of licenses from these locations. 34 people accused in illegal gambling operation 34 people, 23 businesses all stand accused of allegedly operating or helping to operate an illegal gambling site. Kansas: Online gambling guilty plea 57 year-old pleads guilty in online gambling business case in Kansas City. O'Donnell's 'Playbook,' '40,000 Roulette Spins' fresh arrivals <em>Pro Football Pointspread Playbook</em> is the perfect book for people who want three years of results, spreads and totals, and more. <em>40,000 Spins -- Cluster Progression Roulette</em> is colorful, detailed and packed with do and don't advice. Costa Rica, Antigua file for WTO arbitration Costa Rica and Antigua separately filed for World Trade Organization arbitration on January 28, seeking compensation from the United States as a result of the U.S. withdrawal of its commitment on cross-border gambling services. U.S. faces seven compensation claims in WTO online gambling case Casino City has confirmed that seven compensation claims have been filed against the U.S. in its ongoing WTO online gambling case with Antigua and Barbuda.
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Violates U.S. Gaming Regulations
