Island countries with excellent climatic conditions and a reliable financial system are ideal platforms for launching profitable gambling projects.
2WinPower recommends you to pay attention to the Dominican Republic. The jurisdiction provides optimal taxation and a simplified procedure for registering a business. You can open an online casino in just two weeks.
The Dominican Republic is a state of the Caribbean archipelago. The country has a warm climate and favourable economic environment, which attracts 5 million travellers from all over the world every year. The tourism industry is one of the priority areas of the country's economy. As is well known, this field is closely related to the gambling business.
Initially, the Dominican Republic gambling business was represented exclusively by land-based casinos, focused only on tourists. Over time, the locals were allowed to make sports bets.
Over 60 ground-based operators are registered in the country. As a rule, they are localized in resort towns. The Dominican Republic Punta Cana casinos are the most famous and visited establishments in the state. They are especially popular among visitors from North and South America.
Since 2006, the Dominican Republic license has been issued for virtual gambling resources. In recent years, profits from obtaining permits for online casinos made up the lion's share of revenues to the local budget.
The Dominican Republic gambling industry includes casinos, sports betting, and lotteries. The permit can be obtained in the following local regulatory authorities:
Sphere of influence
Department of Casinos and Games of Chance within the Ministry of Finance
Online casinos, online poker tournaments
Ministry of Sports, Culture and Community Development
Bookmaking activities (totalizators, betting offices, sweepstakes)
Lottery ticket sales
Interestingly, the main aspects of gambling regulation are described in regulatory act No. 351. It was adopted by the government back in 1964.
For more than 55 years, the document has undergone only some slight changes. This fact illustrates how well-thought-out and, at the same time, simple is the local legislation.
The Dominican Republic online casino license can be obtained in the shortest possible time.
Besides, the jurisdiction offers the following benefits for entrepreneurs:
The Dominican Republic online casino licenses are available only to foreign entrepreneurs. In addition to a virtual resource, local legislation requires the presence of a ground-based establishment.
To obtain a permit, the applicant must perform the following steps:
It is noteworthy that licensees can cooperate with third parties in matters of the virtual platform administration. In this case, the operator delegates its duties to the manager, who manages the operating of a gaming resource on behalf of the casino owner.
A package of documents sent to the gambling commission must confirm the registration, legitimacy, and financial status of the applicant.
The operator must provide the following documents:
As already mentioned, the process of licensing a casino in the Dominican Republic will take only 2-3 weeks. The applicant’s presence is not required. If everything goes well, you will be able to launch a gambling website literally the next day after issuing a permit.
There is no other country in the Caribbean with more favourable conditions for the gambling industry than this state. A license for a casino in the Dominican Republic is issued within 14 days after the application is submitted. Loyal taxation and a simplified licensing procedure strengthen the positive impression of the country.
2WinPower is your reliable assistant in all matters related to the launch of the gambling business in the Dominican Republic. Take advantage of our colossal experience in this jurisdiction and a thorough understanding of its legislation.
You can buy a turnkey online casino, a full-fledged and ready-to-launch solution, from us. The product is licensed. It has multi-functional software and a huge selection of slots from the best manufacturers. Cooperating with us, you will receive an effective and profitable resource with high self-sufficiency.
Contact the 2WinPower manager and find out more about the best offers for the iGaming field:
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