Turner Little - Company Formation Agents & Banking Intermediaries.Chat to a member of our sales team.
Mentor Group

Looking for consultant for an sportsbook company.

You can place your Text Link AD here for only €175 - it's a cheap way to get in touch with tens of thousands of visitors on OffshoreCorpTalk.
NEW! We offer text link placements in two of the busiest forums.
Requires active Mentor Group Gold membership!

alexsports

New member
Hello,

I am working on an online sportsbook and casino online site with some developers.

However, into some problems.
First, online gaming is illegal in my country.
second is that have to use an offshore company to provide development and services.

Some gambling sites use turnkey systems, but we have developers and we try to build everything we do.
These developers cannot develop in my country. we want to acquire a Curacao license.
we plan to establish a company for development in a country where salary are low and developers are abundant, such as Ukraine or Belarus.

The second is an office for operate the site. I will work passionately. However, it may require a some people.
However, it seems difficult to operate an office in Ukraine with a Curacao license. what should i do?

Finally, the payment system. Basically, we mainly use cryptocurrencies such as Bitcoin, but we also want to integrate systems such as general cards and Neteller.
But unfortunately, my knowledge doesn't get there.

It is basically the picture I chose.

1. Curacao NV (Nominee service required)

2. Costa rica company (for CS or running site)

3. Ukraine branch(Privacy for shareholder) (Costa rica company) (for Developement site)


I am looking for a consultant who understands this situation and can work with me.
want a close relationship with a long breath.
Since my site is in preparation, I am willing to pay consulting fees until then.
 

Sols

Mentor Group Gold
Regardless of who you end up working with, here are some pointers...

A common setup for something like this would be Curaçao licensed company which owns an EU company which acts as a payment agent. This is what you see on nearly all other Curaçao licensed gambling websites. The payment agent is nearly always incorporated in Cyprus because Cyprus has lenient transfer pricing rules. The Curaçao company is owned by the founders/UBO but the shares are usually held by the corporate service provider in Curaçao, so as to keep their names away from public record.

In most cases, software developers, support staff, and other operations are hired as third-party contractors or, in some rare cases, are employed by a third company. This third company is in turn a contractor to the Curaçao licensed company. If the developers are in Ukraine they can work as independent contractors and pay very little tax for themselves.

Costa Rica is not a great choice for a new startup. It's popular with some older companies but the reputation Costa Rica nowadays has in igaming will cause problems.

If you build your own games, you may need to get the games tested for fairness. This is easy with sports betting but you need to meet certain criteria.

Finally, Curaçao is about to change a lot in 2020 and 2021 as new laws come into place. It will probably remain the best offshore option but expect regulations to get tighter.
 

nitehawk

Active Member
Sols provided some good advice. I would say the single most important thing is payment processing. Less than 1% of gamblers in the international market will use bitcoin so its almost useless. You should add a 3rd party cashier to your site, they can help you with introductions (that you wont be able to find on your own) allowing you access to alternative payment methods and proper redundancy for cards.
 

alexsports

New member
Regardless of who you end up working with, here are some pointers...

A common setup for something like this would be Curaçao licensed company which owns an EU company which acts as a payment agent. This is what you see on nearly all other Curaçao licensed gambling websites. The payment agent is nearly always incorporated in Cyprus because Cyprus has lenient transfer pricing rules. The Curaçao company is owned by the founders/UBO but the shares are usually held by the corporate service provider in Curaçao, so as to keep their names away from public record.

In most cases, software developers, support staff, and other operations are hired as third-party contractors or, in some rare cases, are employed by a third company. This third company is in turn a contractor to the Curaçao licensed company. If the developers are in Ukraine they can work as independent contractors and pay very little tax for themselves.

Costa Rica is not a great choice for a new startup. It's popular with some older companies but the reputation Costa Rica nowadays has in igaming will cause problems.

If you build your own games, you may need to get the games tested for fairness. This is easy with sports betting but you need to meet certain criteria.

Finally, Curaçao is about to change a lot in 2020 and 2021 as new laws come into place. It will probably remain the best offshore option but expect regulations to get tighter.
Regardless of who you end up working with, here are some pointers...

A common setup for something like this would be Curaçao licensed company which owns an EU company which acts as a payment agent. This is what you see on nearly all other Curaçao licensed gambling websites. The payment agent is nearly always incorporated in Cyprus because Cyprus has lenient transfer pricing rules. The Curaçao company is owned by the founders/UBO but the shares are usually held by the corporate service provider in Curaçao, so as to keep their names away from public record.

In most cases, software developers, support staff, and other operations are hired as third-party contractors or, in some rare cases, are employed by a third company. This third company is in turn a contractor to the Curaçao licensed company. If the developers are in Ukraine they can work as independent contractors and pay very little tax for themselves.

Costa Rica is not a great choice for a new startup. It's popular with some older companies but the reputation Costa Rica nowadays has in igaming will cause problems.

If you build your own games, you may need to get the games tested for fairness. This is easy with sports betting but you need to meet certain criteria.

Finally, Curaçao is about to change a lot in 2020 and 2021 as new laws come into place. It will probably remain the best offshore option but expect regulations to get tighter.
Thanks for your kind advice.
 

alexsports

New member
Sols provided some good advice. I would say the single most important thing is payment processing. Less than 1% of gamblers in the international market will use bitcoin so its almost useless. You should add a 3rd party cashier to your site, they can help you with introductions (that you wont be able to find on your own) allowing you access to alternative payment methods and proper redundancy for cards.
Thank you for your reply

Is it necessary to have a license to link the payment processing?
 

Sols

Mentor Group Gold
Let's just say it's a hundred times easier to find payment processing with a license than without. You can do it but it won't exactly be the most reliable processors.
 

Sir Jorah

New member
Hello,

I am working on an online sportsbook and casino online site with some developers.

However, into some problems.
First, online gaming is illegal in my country.
second is that have to use an offshore company to provide development and services.

Some gambling sites use turnkey systems, but we have developers and we try to build everything we do.
These developers cannot develop in my country. we want to acquire a Curacao license.
we plan to establish a company for development in a country where salary are low and developers are abundant, such as Ukraine or Belarus.

The second is an office for operate the site. I will work passionately. However, it may require a some people.
However, it seems difficult to operate an office in Ukraine with a Curacao license. what should i do?

Finally, the payment system. Basically, we mainly use cryptocurrencies such as Bitcoin, but we also want to integrate systems such as general cards and Neteller.
But unfortunately, my knowledge doesn't get there.

It is basically the picture I chose.

1. Curacao NV (Nominee service required)

2. Costa rica company (for CS or running site)

3. Ukraine branch(Privacy for shareholder) (Costa rica company) (for Developement site)


I am looking for a consultant who understands this situation and can work with me.
want a close relationship with a long breath.
Since my site is in preparation, I am willing to pay consulting fees until then.
I am the one you quoted for pm. My ťėIėgrâm Jeremywest
 
Fast Offshore - Company Formations Since 1998
Mentor Group

Latest Threads

Mentor Group
Top