Thursday, April 2, 2009

Do I need a Gaming License or just a Gaming Company?

GLC has more than 13 years of experience in offshore gaming law, directed by attorney Augusto Arce Marin, our firm provides legal advice to entrepreneurs that want to explore the possibilities available in the online gaming industry. Mr. Arce is the main expert in Costa Rican Gaming Lawand author of the graduation thesis presented in 1999 titled "The Legality of International Sports Bets according to Costa Rican Law" has written for all the major Costa Rican newspapers including La Nación, The Tico Times, El Financiero and Al Día about the legalities involved in online legal gaming.

Costa Rican corporations are the best option for business groups interested in operating an offshore gaming company, having said that, it is vital to carefully review the implications involved in using a CR Corporation to conduct gaming activities.GLC requires a client/attorney relationship prior to disclosing the key aspects of the gaming industry.

The most common question that entrepreneurs have is, what do I need to legally operate a gambling company? GLC has simplified the requirements to launch such enterprise, using customized CR Corporations our firm offers a structure of limited liability gaming corporations that are incorporated based on the following guidelines:

Step 1 (optional but highly reccomended as it gives the client a comprehensive understanding of all the aspects involved)

Conduct Online Legal Gaming Report:
-Nationality of Beneficiaries
-Location of Servers
-Target Market
-Need of Data Processing License
-Type of games offered

Duration: 3 business days

Step 2
Incorporation of Legal Gaming Entities
-1 or more companies will be registered in one or more jurisdictions based on the specific studied client profile.

Duration: ranges from 1 day to 3 weeks

Step 3
Bank Accounts
-Processing of bank accounts in one or more offshore jurisdictions.

Duration: 8 business days after all requirements are properly reviewed.

With our assistance we will determine if your specific gaming idea can function legally with just a gaming corporation or if a gambling or gaming license will be required.

Contact us at:info@glccr.com

Sources:
http://www.glccr.com/Gaming_Corporations.html

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