Gambling Business in Costa Rica: Is It Worth It?

In this guide, we’re going to talk about casino licensing in Costa Rica, a sunny country located in Central America. However, this jurisdiction is slightly different from other gambling jurisdictions, e.g. those of the UK or Curacao. Why? Well, that’s because there’s no such thing as a Costa Rica gambling license per se. What’s more, there’s even no gambling regulatory authority or gambling legislation in Costa Rica! If you’re feeling confused, that’s alright. Let’s look into this together and make things clear!

gambling business in costa rica

The fact that Costa Rica lacks a regulatory framework for e-gambling - or for any type of gambling for that matter - doesn’t mean that you can’t incorporate an igaming business in this country. However, you should know that online gambling is banned on the entire territory of Costa Rica.

At the same time, there are no laws or regulations that would keep you from setting up an igaming business here and start providing igaming and/or sports betting services outside Costa Rica. This is a scheme that many gambling operators are using to their advantage. Opening a company in a self-regulatory environment is an attractive prospect for many entrepreneurs who aspire to conquer the igaming market. The current number of high quality casinos and bookmakers calling Costa Rica their home hovers around 500 and continues to grow by the day.

Of course, registering a high quality casino in Costa Rica has its pros and cons. Since our goal is to give you a full and realistic picture of what it’s like to start a business in Costa Rica, we’re going to see why you consider running a gambling business from Costa Rica and what difficulties you may encounter along the way.

Gambling business in Costa Rica: Pros

Gambling business in Costa Rica: Cons

How to set up a gambling company in Costa Rica

An igaming business registered in Costa Rica will allow you to provide a wide array of e-gaming services, such as slots, roulette, blackjack, poker, baccarat, keno, as well as sports betting. You will be allowed to deliver these entertainments to casino enthusiasts and sports bettors all over the globe, except for the countries and geographic regions where gambling is banned, e.g. Costa Rica, select states of the US, etc.

Starting an igaming business in Costa Rica is no rocket science. Depending on your needs and other factors, you can choose between two viable options.

Whichever option you go for, we can assure you that it won’t burn a hole in your pocket. Starting a business in Costa Rica comes with a reasonable price tag that an average startup can easily afford. To establish a local company, you’ll need at least two shareholders. On a brighter note, the Costa Rican authorities do not impose any restrictions in regards to a place of residency, i.e. company directors and shareholders don’t necessarily have to live in Costa Rica. The registration process takes under a month. In other words, Costa Rica seems like a perfect place to launch your igaming business in no time and with zero stress!