TThere’s no real regulation in place in Costa Rica, to provide the legal framework for the provision of the Gaming Services. The government is still working towards a regulated environment.
It’s illegal for residents to gamble online and to gamble at all on games that have any random outcome.
However, according to Costa Rican law, the physical location of an online gambling operator’s server isn’t where gambling actually takes place. Therefore, companies can offer online gambling services from Costa Rica, provided they don’t offer them to residents of the region. Inorder to operate, a company needs a data processing license or an internet gaming license - which is not strictly required.
The entity making the application is a Costa Rican Company which Includes;
a) A Corporation
b) Limited liability companies
The licensee will need at least 1 (one) natural person Fit and Proper Directors of any jurisdiction.
• The investment dealer will need at least one shareholder.
• Corporate shareholding is allowed and 100% foreign ownership is permitted.
The Applicant must employ at least one legal representative residing in the Country or appoint a resident Agent.
The company must have an office in Costa Rica and some employees must reside there.
Having an Auditor is not a requirement
It is not a requirement to have an indemnity insurance coverage or a fidelity bond.
No requirements for the minimum share capital
