Costa Rica offers an attractive and stable environment in which to establish a business. While in the not too distant past, the Central American country of Costa Rica has been home to more than 300 online gambling companies, the numbers have decreased dramatically in recent years.
Timeframe: within 3 months
Minimum paid up capital: No minimum capital requirement
Incorporation of Costa Rica company, if correlated to other jurisdictions, is rather a cost and time efficient. The organization structure is easy and enables the shareholders to be also a legal person. The organizations for conducting online gambling activities are needed to get a simple license known as “data processing license.
Although this used to be a favorite spot for online gambling businesses due to the lack of corporate taxes and comparatively low company formation services, in recent years the condition has improved due to a money laundering scandal. The administration of Costa-Rica tries to grow from it and in 2015 it introduced new anti-money laundering policy.
Some advantages of Online Gambling Company:
- No public records ;
- The highest level of privacy assurance;
- Legal tax freedom;
- No accounting obligations;
- No requirements for the professional or financial position;
- Business can be administered remotely