Why so many gambling operators choose to operate from Costa Rica
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Costa Rica is home to a large number of companies that operate online casinos. There are some loopholes that allow them to do so. The current legal status of gambling in Costa Rica can be found in the article or on bestcasinosites.
Gambling is legal in Costa Rica under the Costa Rican Gaming Law. It is also legal for companies based in the country to obtain a gaming license and offer online gambling services. Costa Ricans can't gamble online at casinos based there, but they can enjoy various forms of virtual gambling at offshore betting sites. Due to the current lax gambling laws, Costa Rico has become one of the most preferred locations for major online betting operators.
Costa Rica requires few things from operators that want to offer online gambling to international players. Corporations registered in Costa Rica must apply for a data processing license. They also need to register with the local tax authorities, obtain a land use permit and a permit from the Ministry of Health.
How to obtain a gambling license in Costa Rica? First, one needs to request an Online Legal Gaming Report. Then, they need to incorporate a gaming company based in the country and an offshore gaming corporation. They need also to open an off-shore bank account. Once they have all the necessary documents, the company can apply for a license via their Costa Rican company. Online gambling is not overseen by any local authorities. This is why so many operators choose to operate from Costa Rico.
