While sharing the Hispaniola island with Haiti, this Caribbean country named the Dominican Republic is home to beaches, resorts, glamorous hotels, golf courses, rainforest terrains, savannah lands, highlands, the Caribbean’s tallest mountain Pico Duarte, the Gothic Catedral Primada de America. The Dominican Republic has the largest and richest gambling industry in the whole Caribbean. Concurrently, tourism is a major player in the country’s economy.
So, the country has one of the most tourist-friendly environments in the whole world – and described as fun, glamour, and glitz. The Dominican Republic is apparently the Las Vegas or Macau of the Caribbean. Almost all hotels and resorts within the country offer casino gambling because it is a big market. Casino gambling is the most popular form of gambling in the Dominican Republic.
Tourists, visitors, residents, and natives enjoy a great variety of gambling activities. The Dominican Republic has become a haven for many businesses, including casinos, due to its favorable tax laws.
The government of the Dominican Republic offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming related activities. Dominican Republic Gambling License is one of the most popular licenses for online casinos worldwide.
In 1999, gambling was officially introduced to the country when it was first regulated according to Law 351, a presidential decree. After the regulation in 1999, sports betting was further legalized and regulated in 2006. Most casinos in the Dominican Republic include luxury resorts and hotels.
The Lotería Nacional Dominican is the national lottery providing numerous lottery draws. In contrast, the country offers more lottery operators since the lottery is not a state monopoly like other countries.
Dominican Republic’s infrastructure offers a wide array of services for online gaming operators and providers, such as high-capacity private racks, private cloud services, custom dedicated servers amidst other hosting options.
Dominican Republic has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of the Dominican Republic including sports betting, casino sites, poker, bingo, and more.
Dominican Republic Online Gambling Regulations
The Dominican Republic’s gaming laws fall under the purview of the Dirección de Casinos y Juegos de Azar which itself is managed by the Ministerio de Hacienda. This commission is responsible for issuing licenses, regulation, monitoring, auditing, and securing all sports betting operations within the country.
National Anti-Money Laundering Regulations, Unusual Transactions Act, Counter-Terrorism Financing Regulations and Know Your Customer Policies are applicable to all Dominican Republic Gambling Companies. As part of its duties, the Dirección de Casinos y Juegos de Azar monitors gaming businesses and services to ensure that they operate according to the standards and regulations of the Government of the Dominican Republic. Compliance audits are conducted on a regular basis to ensure that the terms of the license are met.
Licensees must maintain a complete audit trail for each player making a deposit with an operator, including financial transactions and individual bets. Gaming systems, including back-end software logs, must be made available to third-party auditors. Gaming rules, results of games, and pay-outs are to be made available to Dirección de Casinos y Juegos de Azar for five years. Only non-residents of the Dominican Republic who are over 18 years of age are allowed to engage in online gaming. Wagers from residents of the Dominican Republic or individuals younger than 18 years old must be refused by operators.
Let’s talk more about the benefits by understanding the reasons why obtaining a Dominican Republic igaming license may be ideal for you.
How to Start An Online Gambling Business in the Dominican Republic
When starting the Dominican Republic Online Gambling Business, first of all, it’s important to think about one of the most essential procedures, that is company registration and acquisition of the license. Dominican Republic Gambling License gives many excellent opportunities to each licensee and makes their business profitable.
Licensed Gambling companies in the Dominican Republic may qualify for tax-exempt status, meaning they do not have to pay any income tax. There is no VAT or other Sales Tax applicable to the Dominican Republic, there is also no tax or other duties payable on gambling operations. The Dominican Republic has political stability, first-rate telecommunications facilities, and a well-established financial services industry.
In addition, it maintains an attractive environment for international online gaming companies. Dominican Republic Gambling License is recognized by many countries all over the world, so you will have a large potential customer base after getting it.
In order to obtain a Dominican Republic Gambling License, the decision to approve the application is at the discretion of the Dirección de Casinos y Juegos de Azar, based on the documentation submitted by our experts. The Dominican Republic issues one Online Gambling license which covers all gaming operations, igaming service providers, network operators, affiliates, white-label operators, and igaming software suppliers.
With this Dominican Republic Gambling License, online gaming companies can operate legally. Each applicant undergoes a thorough assessment, ensuring that licenses are only awarded to those applicants who are able to demonstrate such a financial standing and integrity as to preserve the international reputation of the Dominican Republic as an online gambling hub.
In case something does not correspond to requirements, the Dirección de Casinos y Juegos de Azar will provide a checklist of necessary improvements. A Dominican Republic Gambling License covers all forms of online gambling including Casino, eSports, Poker, Sports Betting, Lotto, Bingo, Horseracing, Bitcoin Casino, Fantasy Sports, Games of Skill, and other gaming-related activities without being required to obtain one license for each individual product. Dominican Republic Gambling License enables companies to operate all over the world.
Dominican Republic Gambling Requirements
Residence in the Dominican Republic. Operators wishing to offer their services to the Dominican Republic gamblers must be residents of the Dominican Republic and they must obtain the relevant licenses and authorizations from the Dirección de Casinos y Juegos de Azar. In case the company is a foreign entity, it must appoint a local director, whose domicile is in the Dominican Republic, to deal with the competent authorities in the country and have the power to conclude contracts on its behalf
Opening of a bank account with one of the banks in the Dominican Republic where the operator would need to deposit the players’ money. Licensed remote gaming operators will only be allowed to make payments to players through the payment processors that have been approved by the Dirección de Casinos y Juegos de Azar
Requirements regarding the minimum share capital of the company depending on the type of game it offers
A monthly declaration giving details regarding income from games of change as well as the fees due will have to be submitted to the Dirección de Casinos y Juegos de Azar on a standard form
Compliance with the principles regarding the protection of minors as well as with the content of the promotional material used and the locations where they can be displayed
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