If you do NOT need a licence, you can
incorporate in Costa Rica, where this activity is
not illegal, and there are still no requirements of any kind to obtain a
Internet Gaming License:.
Please see the details below;
Under the Export Processing Zone Act, the
Special EPZ zone was established to encourage Telemarketing, Data Processing,
Internet and Telephone Gaming Operations to domicile their operations in Belize.
The application process for licence is quite
simple as we would register a new company and apply for licence for that
company, there are no forms that you prepare since this licence is for a
offshore company therefore the government or the register never get's the names
of the client and the licence is issued in the name of the company.
To acquire the license, the fee is US$40,000
(dollars) for the first year and US$25,000 annually there after.
The procedures is as follows;
- First we must receive from you a letter of
reference which can be from a bank, attorney or accountant and a copy of the
first page of passport with picture of the person who will be named as director
of the company (only one director needed)
-We need to know who the shares are to be
issued to (company is registered with 50,000 thousand shares)
-You can then fax a notarized copy of the
letter of reference and passport and send originals by courier
-Then you must send a deposit of $20,000 which
is placed in an escrow for due diligence. When the due diligence is completed
and approved (due diligence 5 days) you must then send the balance of $20,000
along with the corporate formation fees. If in the event that you should not be
approved you will be refunded the $20,000 however we have never had a
application rejected and can have everything ready in three to six weeks.
For the IBC, you must send
to reserve company name and then register company once due diligence is
Since the company is licensed under EPZ Act it
would pay no income tax, capital gains tax, and no sales or valued added tax.
Dividends paid by the company to its shareholders would be tax exempt.
Should you wish to locate here, all equipment
needed for the operation including vehicles, can be imported free of all tax and
duties, and should you require personnel here we would apply for and obtain all
work permits as needed. All of these is included in the cost.
Please contact us if you are