Costa Rica is often considered an attractive jurisdiction for establishing an online gaming business but plenty of misinformation surrounds its licensing framework, creating confusion among operators. To help clear the air, Fast Offshore debunks some of the most common myths about Costa Rica's approach to gaming licenses.
Myth 1: Costa Rica Has a Specific Gaming License
The Reality: Costa Rica does not issue a specific gaming license.
Unlike other jurisdictions with rigid licensing regimes, Costa Rica operates differently. Instead of a gaming license, businesses in the country are established as companies with a purpose related to online gaming or gambling. This means companies register as general businesses and must comply with the law, but they aren’t issued a standalone license specific to gaming.
This setup can actually be an advantage. It simplifies bureaucracy, reduces initial costs, and speeds up the business's launch process. However, it’s crucial to work with experts who understand the nuances of Costa Rica's legal environment to stay compliant.
Myth 2: Costa Rica’s System is Unregulated
The Reality: Costa Rica’s gaming environment is not a free-for-all.
While Costa Rica lacks the conventional gaming license found in other jurisdictions, this doesn’t mean there are no rules. Businesses must adhere to anti-money laundering (AML) laws, tax obligations, and corporate regulations. Moreover, operators targeting players in foreign markets must comply with the laws of those jurisdictions.
A knowledgeable partner, such as Fast Offshore, can guide you through these complexities to ensure compliance without the headaches.
Myth 3: Operating in Costa Rica Means Paying No Taxes
The Reality: Tax obligations exist but are structured differently.
Many assume Costa Rica offers a tax-free haven for gaming operators. While there are tax advantages, such as no direct tax on gaming revenue for companies not targeting Costa Rican residents, businesses are still subject to corporate taxes, employee obligations, and potential international tax rules.
Proper structuring and compliance allow operators to take advantage of Costa Rica's favourable tax environment. Fast Offshore can help ensure your business maximises its tax efficiency while staying above board.
Myth 4: Costa Rica is Only for Small Operators
The Reality: Costa Rica suits businesses of all sizes.
Costa Rica has earned a reputation as a haven for startups thanks to its low entry cost, straightforward processes, and minimal regulatory barriers. But that doesn’t mean it’s only for small-scale operators. Established brands also leverage Costa Rica’s strategic advantages to expand into new markets, reduce overheads, and streamline operations.
Its central location, robust tech infrastructure, and access to a skilled bilingual workforce make it a viable choice for companies with ambitious growth plans.
Myth 5: A Costa Rica License Limits Market Access
The Reality: You’re not limited by Costa Rica’s setup; you’re empowered to operate globally.
Costa Rica’s framework doesn’t restrict where you can operate—your business strategy and compliance with the regulations of your target countries determine your market reach.
Costa Rica allows operators to establish businesses that serve markets worldwide, provided they respect local laws in their jurisdictions. With proper advice and planning, Costa Rica becomes a launchpad for global success, not a limitation.
Myth 6: Costa Rica’s System Is Outdated
The Reality: Costa Rica continues to adapt to modern trends.
Some claim Costa Rica hasn’t kept pace with evolving gaming industry standards. However, its tech-forward approach and adaptability tell a different story. The country offers cutting-edge infrastructure, affordable operational costs, and a growing fintech and crypto ecosystem.
These factors make Costa Rica particularly appealing to businesses seeking innovation and scalability.
Myth 7: It’s Hard to Get Started in Costa Rica
The Reality: With the right guidance, getting started is straightforward.
The absence of a traditional gaming license can initially seem confusing, but the process of setting up in Costa Rica is surprisingly simple—if you have expert guidance. From business registration and tax structuring to compliance and banking solutions, every step is manageable with the right support.
Fast Offshore specialises in helping businesses navigate Costa Rica’s unique system. With decades of experience, we ensure your setup is seamless, allowing you to focus on growing your brand.
Why Choose Costa Rica for Your Gaming Business?
Despite the myths, Costa Rica remains a compelling choice for online gaming operators. Here’s why:
Low Barriers to Entry: Minimal bureaucracy and the lack of a specific gaming license make it easy and cost-effective to start.
Tax Advantages: Proper structuring allows businesses to benefit from Costa Rica’s favourable tax environment.
Strategic Location: Costa Rica’s central position connects you to key markets in North and South America.
Skilled Workforce: Access a pool of bilingual, tech-savvy professionals.
Business-Friendly Environment: A stable political landscape and robust infrastructure support your operations.
Fast Offshore, Empowering Success
Understanding the realities of Costa Rica’s gaming environment is the first step toward building a successful business. By debunking these myths, you can make informed decisions and leverage the country’s advantages to your benefit.
With Fast Offshore by your side, navigating Costa Rica’s unique setup becomes effortless. From compliance and tax structuring to corporate services and ongoing support, we ensure your business operates smoothly and confidently. Our 27 years of experience in iGaming and Costa Rica are testament to our ability to help you succeed. Costa Rica isn’t just an option—it’s an opportunity. Connect with Fast Offshore today and start your journey to gaming excellence.
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