Costa Rica license
Costa Rica is – for an aspiring Online Gambling Company – a popular Jurisdiction to be ‘Licensed’ in the sense that it doesn’t really mean anything: one of the reasons the Costa Rica license is so popular is the fact that all earnings – other than earnings made to residents of Costa Rica themselves – are tax-free. This means that an Online Casino can offer its Games worldwide, and does not have to pay tax anywhere!
You might think, but maybe Costa Rica is a huge country, or maybe only ‘die-hard’ gamblers live there, but no: All Online Gambling Websites are blocked for the residents of Costa Rica, so no matter how much they want want, so they are not allowed to play anywhere at all. So it seems suspiciously like that Costa Rica only grants Licenses to Online Gaming companies, in order to provide employment for the residents of Costa Rica – because working in a Casino is of course allowed again.
When it comes to the actual ins and outs of a Licensing Body, so monitoring compliance with the Regulations and the like, it is quickly considered: there are no Rules and Conditions! That is why it is extremely important – for players who want to play at a Casino that is Licensed in Costa Rica – to only play at such a Casino if it really has a very good reputation. Besides the fact that there is no Regulation, there is also no government agency, or a comparable institution, where a possible duped customer could file a complaint. So it’s more or less just like in the Wild West.