Malta Gaming License Cost The MGA applies non-refundable administrative fees upon an application for a Malta gambling license. Annual license fees as well as compliance contributions are also to be paid to the MGA based on revenue generated and the license type, whether within a B2C or B2B framework. Therefore, Maltese remote gaming companies will only pay the applicable gaming tax of 5% on gaming revenue generate from Malta-based players. Malta Gaming Tax: Fees for Gaming Operations. The Malta Gaming Authority has issued specific licence fees which apply to (Business-to-Customer) and (Business-to-Business) operations in Malta. Learn about Malta Gambling License prestige, benefits, requirements, cost, and much more The island of Malta is considered as the gold standard of iGaming licensing. The Malta Gaming Authority has been regulating gaming and issuing licensing since the early 2000s. With the largest number of game themes in the industry, the biggest names in licensed entertainment, and a wide range of game types to target specific player segments, our game library is unrivaled.
So you are looking for a Maltese gambling license. This document goes over the costs and processes in order to obtain the license.
NOTICE
Malta is not the cheapest jurisdiction to obtain a casino license in, if you are looking for a more affordable license then we suggest taking a look at a Curacao gambling license which is better suited to tighter budgets.
Why Malta?
Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.
What this document covers
This document covers the end to end application process with the Malta Gaming Authority ('MGA') as well as an overview of the related prices for the setup and the maintenance of a gambling company in Malta.
- Malta Gaming Authority (MGA) license types
- Malta gambling license application process
- Malta Gaming Authority fees
- Gaming Tax as Applicable by the MGA
- Share Capital Requirements
- Administration services
- Key official Services
- On-going operation
- Financial Audit
- How long does it take to get the Malta gambling license
- How do I find out if a casino is licensed in Malta?
Malta Gaming Authority license types
The Malta Gaming Authority offers four types of remote gaming licenses:
- Class 1 – a remote gaming licence (examples of Class 1 licences would include casino-type games and online lotteries) whereby operators manage their own risk on repetitive games. It is also possible to have a Class 1 on 4 licence whereby the Class 1 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
- Class 2 – a remote betting licence (an example of a Class 2 licence would include fixed-odds betting) whereby operators manage their own risk on events based on a matchbook. It is possible to have a Class 2 on 4 licence whereby the Class 2 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
- Class 3 – a licence to promote and/or abet remote gaming in or from Malta (an example of a Class 3 licence would include poker rooms and peer-to-peer (P2P) gaming). It is also possible to have a Class 3 on 4 licence whereby the Class 3 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
- Class 4 – a licence to host and manage remote gaming operators, excluding the licensee itself, whereby software vendors provide management and hosting facilities on their platform. In essence this is a business to business (B2B) gaming licence.
Malta gambling license application process
Jokers wild vidoc. In order to prevent any unnecessary delays in the process, our clients will undergo a pre-application process together with the Malta Gaming Authority (MGA). This will ensure the quality of the application and will be followed by the actual application process that consists of a number of steps:
- 1) The MGA will conduct a fit and proper exercise by assessing all information related to those involved in financing and management and on the business viability of the operation. In addition the MGA conducts integrity investigations with national and international regulatory bodies and law enforcement agencies.
- 2) The MGA conducts an in depth financial analysis of the applicant's business plan. It is expected to include a detailed forecast of the operation together with details pertaining to marketing and distribution strategies, HR planning, and growth targets.
- 3) Operational and Statutory – The applicant is examined on the instruments required to conduct the business. This process includes examining the Company's incorporation documents, the games, the business processes related to conducting the remote games, the rules, terms, conditions, and procedures of the games, the application architecture, and the system architecture.
- 4) The MGA will inform the applicant that the application was successful and will invite the applicant to implement onto a technical environment in preparation for going live. 60 days are allowed for the applicant to complete such operation. Within those 60 days, the applicant may request an external systems audit where the live environment will be examined against the proposed application. Once the certification process is completed, a five-year license will be issued by the MGA.
- 5) Once the licence is issued, an independent third party will be contracted by the MGA to perform a number of compliance audits of the licensees operation throughout the first and the third year of operation.
Malta Gaming Authority fees
Description | Fee |
Fee for a new licence of any class | €5,000.00 |
Application fee for the renewal of any class | €5,000.00 |
Systems Audit | €2,500.00 |
Compliance Audit | €3,500.00 |
Annual licence fee
The annual license fee is paid to the MGA, previously this was a fixed fee for any class however as of 2018 this fee is changing as follows.
For a class 1, 2 or 3 license the annual fixed MGA fee is €25,000 and for a class 4 license €10,000. If a licensee has multiple classes of licenses (1, 2 or 3) the annual combined fixed fee is calculated on Gross Gaming Revenue:
Malta Gaming License Cost
Revenue | Fee |
Fee for a new licence of any class | €5,000.00 |
-5Mln EUR | €25,000.00 |
5mln – 10mln EUR | €30,000.00 |
+ 10mln EUR | €35,000.00 |
Compliance contribution
The MGA has introduced this new fee which is based on Grosse Gaming Revenue and has minimal annual contributions which differ per class:
Class 1: Annual Compliance contribution – Minimal fee €15.000, Max €375.000 | Rate |
For every euro of the first €3,000,000 | 1.25% |
For every euro of the next €4,500,000 | 1.00% |
For every euro of the next €5,000,000 | 0.85% |
For every euro of the next €7,500,000 | 0.70% |
For every euro of the next €10,000,000 | 0.55% |
For every euro of the remainder | 0.40% |
Class 2: Annual Compliance contribution – Minimal fee €25.000, Max €600.000 | Rate |
For every euro of the first €3,000,000 | 4.00% |
For every euro of the next €4,500,000 | 3.00% |
For every euro of the next €5,000,000 | 2.00% |
For every euro of the next €7,500,000 | 1.00% |
For every euro of the next €10,000,000 | 0.80% |
For every euro of the next €10,000,000 | 0.60% |
For every euro of the remainder | 0.40% |
Class 3: Annual Compliance contribution – Minimal fee €25.000, Max €500.000 | Rate |
For every euro of the first €2,000,000 | 4.00% |
For every euro of the next €3,000,000 | 3.00% |
For every euro of the next €5,000,000 | 2.00% |
For every euro of the next €5,000,000 | 1.00% |
For every euro of the next €5,000,000 | 0.80% |
For every euro of the next €10,000,000 | 0.60% |
For every euro of the remainder | 0.40% |
Class 4: Annual Compliance contribution – Minimal fee €5.000, Max €500.000 | Rate |
For every euro of the first €2,000,000 | 0.50% |
For every euro of the next €3,000,000 | 0.75% |
For every euro of the next €5,000,000 | 1.00% |
For every euro of the next €5,000,000 | 1.25% |
For every euro of the next €5,000,000 | 1.50% |
For every euro of the next €10,000,000 | 1.75% |
For every euro of the remainder | 2.00% |
Gaming Tax as Applicable by the MGA
- Class 1 – €4,660.00 per month for the first six months and €7,000.00 per subsequent month;
- Class 1 on 4 – €1,200.00 per month;
- Class 2 – 0.5% on the gross amount of all bets accepted;
- Class 3 and Class 3 on 4 – 5% of real income;
- Class 4 – No Tax levied for the first six months of operation, €2,330.00 per month for the subsequent six months, and €4,660.00 per subsequent month for the entire duration of the licence
Share Capital Requirements
When incorporating the company on Malta, the MGA requires that companies operating a class 1 or 2 license have a share capital of €100.000. For class 3 or 4 license holders this amount is €40.000. Companies applying for multiple licenses amounts will be cumulative.
An idea of corporate setup fees for a Maltese gambling company
Description | Fee |
Incorporation Fee (This includes name reservation, customer due diligence process, M&As, Share Register, VAT application, income tax application, excl. MFSA Registration Fee) | €1,200.00 – €2,000.00 |
Registered office (optional) | €500 – €1000.00 |
Corporate Director (optional) | Price on request |
Company Secretary | €500 – €1000 |
Annual Compliance (KYC) Maintenance | €250 – €500 |
Management Fee Package | €3,000.00 – €5,000.00 |
Assistance opening a bank account | €1,000.00 – €2,000.00 |
Administration services
Description |
Book Keeping |
Legal Administration |
The legal and financial administrational services will be charged against the applicable hourly rates which may vary from €60 to €250 per hour, depending on the experience of the employee involved. |
The above fees are per class of license.
Typically the fees will include assistance with the drafting of the business plan, financial prognosis, and system documentation.
Key official Services
A Key Official is a natural person, approved and licensed by the MGA to act as a main point of contact towards the said authority on behalf of the gaming company licensed in Malta. Key Official services cost on average €1,000 per month. This will also include the preparation and submission of the player liability reports of the company, gaming tax reports, the quarterly returns, completion of any other returns due by the company (such as questionnaires/consultation papers) to the MGA amongst other duties generally incumbent upon directors by application of the law.
On-going operations
If preferred a service provider can assist with the on-going daily financial and legal matters of the company. The type of service will depend on your personal preferences and below is an example of the services a gaming company may expect to be made available to them:
- Filing of the annual returns
- Preparing and processing bank transactions
- Preparation of bookkeeping and related annual financial statements
- Company VAT(quarterly), annual tax and tax refund filings
- Payroll services
- Mini One Stop Shop (Moss) VAT compliance
- Preparation of dividend warrants
- Certification of documents
- Legal administration (e.g. drafting/reviewing contracts or agreements)
- Liaising with the auditors
- Residency applications and opening of bank accounts for employees
We would recommend negotiating fixed monthly fees to cover the above services allowing you to budget appropriately.
Financial Audit
Audit fees (external auditor) start at €1,500. The actual fee highly depends on the amount of activities within the company.
How long does it take to get the license?
Where can a Malta Gambling license be used?
Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries.
It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Some European countries are barred too: France, Spain, Italy, Portugal, Austria, Belgium, the Czech Republic, Slovenia, Lithuania, Estonia, and Denmark.
How do I find out if a casino is licensed in Malta?
It is not uncommon for casinos to 'pretend' to have a Malta Gambling License. If you want to find out for sure if a casino is indeed registered and licensed in Malta you can visit
the MGA Gaming License Register for further information.
Getting a Malta betting license
How Much Does Gaming License Cost
Malta is a beautiful Mediterranean island state. The best time to visit it is autumn, when there is no sultry heat and the water temperature is still comfortable for swimming. However, to obtain a license, you will not have to fly—or sail by ferry from Sicily— to Malta at all, since we will take all the trouble. According to MGA (Malta Gaming Authority) rules, bookmaking activities require a B2C license. In order to get it, you must provide the following documents:
- an application in English;
- copies of company's beneficial owners' personal documents;
- a brief description of your professional background, criminal record, corporate charter, business plan and some other documents.
A license holder is obliged to pay an annual license fee of €25,000. After receiving a registration fee and verifying the submitted documents, MGA makes a decision on issuing a betting license. Generally, the whole process takes about 2 months.
As a result, you will be issued a B2C license, which allows you to conduct betting activities in all countries where gambling is not prohibited.
Getting a Curacao betting license
A company that is planning to receive sports bets via the Internet may also obtain a Curacao license, which is considered a convenient alternative to Malta's one. With the Curacao betting license, one can enjoy a number of advantages:
- almost every bank will willingly open you a Merchant Account for conducting transactions and players' deposits/withdrawals;
- sportsbook software providers freely cooperate with Curacao license holders;
- Curacao's corporate tax rate is 22%; however, so-called E-Zone companies are completely tax-exempt. GamingLicensing specialists will provide you professional assistance in registering your company in Curacao's E-Zone.
In order to successfully get a license, you must meet several technical requirements, such as storing backup information about clients and transactions on Curacao's soil (other databases may be physically located anywhere), getting your software certified by an audit company and having specific website sections (Terms and Conditions, Refund Policy, etc.) and a clickable icon confirming licensing.
Summary
Hopefully, a future sportsbook operator now has no doubts about the necessity of obtaining a license and working within the law. As of today, the best and the most cost-efficient option is obtaining approval documents from Malta or Curacao.
Online Betting License Cost
To get hold of an online betting license and diversify your online casino even further, GamingLicensing offers you help with the following price tags:
Company Registration | EUR 7,900 |
---|---|
Obtaining an Online Betting Gambling License | EUR 9,000 |
Registration of the domain in the E-ZONE | EUR 10+ depending on the domain name and the domain zone |
Expert Consultation and Support | FREE of Charge |
FAQ
What betting licenses can GamingLicensing help me obtain?
GamingLicensing can help you get the prestigious Malta Gambling Authority license and the Curacao e-Gaming license. You won't have to deal with annoying bureaucratic procedures — our experts will do that for you.
What do I need for the Malta Gambling Authority betting license?
To run a successful online betting site with a betting license from the Malta Gambling Authority, you need to obtain the so-called B2C license. To do that, you need to submit an application in English, the copies of your company's beneficial owners' personal documents, a brief description of your professional background, criminal record, corporate charter, business plan, and some other documents.
How much does the Malta Gambling Authority betting license cost and how much time does the process take?
The annual license fee is set at €25,000, and the whole process is finished in around two months.
What should I do to obtain the Curacao betting license and what are the advantages?
In order to obtain the Curacao betting license, your servers need to be physically located in Curacao and your software needs to be certified by an auditing company. Also, you will need to have specific sections visibly displayed, such as Terms and Conditions and Refund Policy.
Note that with the Curacao betting license, all banks will open merchant accounts for your transactions and players' deposits and withdrawals. Also, all sportsbook software will cooperate with Curacao license holders. On top of that, doing business from the Curacao E-Zone means that your business will be exempt from taxation.
- 1) The MGA will conduct a fit and proper exercise by assessing all information related to those involved in financing and management and on the business viability of the operation. In addition the MGA conducts integrity investigations with national and international regulatory bodies and law enforcement agencies.
- 2) The MGA conducts an in depth financial analysis of the applicant's business plan. It is expected to include a detailed forecast of the operation together with details pertaining to marketing and distribution strategies, HR planning, and growth targets.
- 3) Operational and Statutory – The applicant is examined on the instruments required to conduct the business. This process includes examining the Company's incorporation documents, the games, the business processes related to conducting the remote games, the rules, terms, conditions, and procedures of the games, the application architecture, and the system architecture.
- 4) The MGA will inform the applicant that the application was successful and will invite the applicant to implement onto a technical environment in preparation for going live. 60 days are allowed for the applicant to complete such operation. Within those 60 days, the applicant may request an external systems audit where the live environment will be examined against the proposed application. Once the certification process is completed, a five-year license will be issued by the MGA.
- 5) Once the licence is issued, an independent third party will be contracted by the MGA to perform a number of compliance audits of the licensees operation throughout the first and the third year of operation.
Malta Gaming Authority fees
Description | Fee |
Fee for a new licence of any class | €5,000.00 |
Application fee for the renewal of any class | €5,000.00 |
Systems Audit | €2,500.00 |
Compliance Audit | €3,500.00 |
Annual licence fee
The annual license fee is paid to the MGA, previously this was a fixed fee for any class however as of 2018 this fee is changing as follows.
For a class 1, 2 or 3 license the annual fixed MGA fee is €25,000 and for a class 4 license €10,000. If a licensee has multiple classes of licenses (1, 2 or 3) the annual combined fixed fee is calculated on Gross Gaming Revenue:
Malta Gaming License Cost
Revenue | Fee |
Fee for a new licence of any class | €5,000.00 |
-5Mln EUR | €25,000.00 |
5mln – 10mln EUR | €30,000.00 |
+ 10mln EUR | €35,000.00 |
Compliance contribution
The MGA has introduced this new fee which is based on Grosse Gaming Revenue and has minimal annual contributions which differ per class:
Class 1: Annual Compliance contribution – Minimal fee €15.000, Max €375.000 | Rate |
For every euro of the first €3,000,000 | 1.25% |
For every euro of the next €4,500,000 | 1.00% |
For every euro of the next €5,000,000 | 0.85% |
For every euro of the next €7,500,000 | 0.70% |
For every euro of the next €10,000,000 | 0.55% |
For every euro of the remainder | 0.40% |
Class 2: Annual Compliance contribution – Minimal fee €25.000, Max €600.000 | Rate |
For every euro of the first €3,000,000 | 4.00% |
For every euro of the next €4,500,000 | 3.00% |
For every euro of the next €5,000,000 | 2.00% |
For every euro of the next €7,500,000 | 1.00% |
For every euro of the next €10,000,000 | 0.80% |
For every euro of the next €10,000,000 | 0.60% |
For every euro of the remainder | 0.40% |
Class 3: Annual Compliance contribution – Minimal fee €25.000, Max €500.000 | Rate |
For every euro of the first €2,000,000 | 4.00% |
For every euro of the next €3,000,000 | 3.00% |
For every euro of the next €5,000,000 | 2.00% |
For every euro of the next €5,000,000 | 1.00% |
For every euro of the next €5,000,000 | 0.80% |
For every euro of the next €10,000,000 | 0.60% |
For every euro of the remainder | 0.40% |
Class 4: Annual Compliance contribution – Minimal fee €5.000, Max €500.000 | Rate |
For every euro of the first €2,000,000 | 0.50% |
For every euro of the next €3,000,000 | 0.75% |
For every euro of the next €5,000,000 | 1.00% |
For every euro of the next €5,000,000 | 1.25% |
For every euro of the next €5,000,000 | 1.50% |
For every euro of the next €10,000,000 | 1.75% |
For every euro of the remainder | 2.00% |
Gaming Tax as Applicable by the MGA
- Class 1 – €4,660.00 per month for the first six months and €7,000.00 per subsequent month;
- Class 1 on 4 – €1,200.00 per month;
- Class 2 – 0.5% on the gross amount of all bets accepted;
- Class 3 and Class 3 on 4 – 5% of real income;
- Class 4 – No Tax levied for the first six months of operation, €2,330.00 per month for the subsequent six months, and €4,660.00 per subsequent month for the entire duration of the licence
Share Capital Requirements
When incorporating the company on Malta, the MGA requires that companies operating a class 1 or 2 license have a share capital of €100.000. For class 3 or 4 license holders this amount is €40.000. Companies applying for multiple licenses amounts will be cumulative.
An idea of corporate setup fees for a Maltese gambling company
Description | Fee |
Incorporation Fee (This includes name reservation, customer due diligence process, M&As, Share Register, VAT application, income tax application, excl. MFSA Registration Fee) | €1,200.00 – €2,000.00 |
Registered office (optional) | €500 – €1000.00 |
Corporate Director (optional) | Price on request |
Company Secretary | €500 – €1000 |
Annual Compliance (KYC) Maintenance | €250 – €500 |
Management Fee Package | €3,000.00 – €5,000.00 |
Assistance opening a bank account | €1,000.00 – €2,000.00 |
Administration services
Description |
Book Keeping |
Legal Administration |
The legal and financial administrational services will be charged against the applicable hourly rates which may vary from €60 to €250 per hour, depending on the experience of the employee involved. |
The above fees are per class of license.
Typically the fees will include assistance with the drafting of the business plan, financial prognosis, and system documentation.
Key official Services
A Key Official is a natural person, approved and licensed by the MGA to act as a main point of contact towards the said authority on behalf of the gaming company licensed in Malta. Key Official services cost on average €1,000 per month. This will also include the preparation and submission of the player liability reports of the company, gaming tax reports, the quarterly returns, completion of any other returns due by the company (such as questionnaires/consultation papers) to the MGA amongst other duties generally incumbent upon directors by application of the law.
On-going operations
If preferred a service provider can assist with the on-going daily financial and legal matters of the company. The type of service will depend on your personal preferences and below is an example of the services a gaming company may expect to be made available to them:
- Filing of the annual returns
- Preparing and processing bank transactions
- Preparation of bookkeeping and related annual financial statements
- Company VAT(quarterly), annual tax and tax refund filings
- Payroll services
- Mini One Stop Shop (Moss) VAT compliance
- Preparation of dividend warrants
- Certification of documents
- Legal administration (e.g. drafting/reviewing contracts or agreements)
- Liaising with the auditors
- Residency applications and opening of bank accounts for employees
We would recommend negotiating fixed monthly fees to cover the above services allowing you to budget appropriately.
Financial Audit
Audit fees (external auditor) start at €1,500. The actual fee highly depends on the amount of activities within the company.
How long does it take to get the license?
Where can a Malta Gambling license be used?
Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries.
It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Some European countries are barred too: France, Spain, Italy, Portugal, Austria, Belgium, the Czech Republic, Slovenia, Lithuania, Estonia, and Denmark.
How do I find out if a casino is licensed in Malta?
It is not uncommon for casinos to 'pretend' to have a Malta Gambling License. If you want to find out for sure if a casino is indeed registered and licensed in Malta you can visit
the MGA Gaming License Register for further information.
Getting a Malta betting license
How Much Does Gaming License Cost
Malta is a beautiful Mediterranean island state. The best time to visit it is autumn, when there is no sultry heat and the water temperature is still comfortable for swimming. However, to obtain a license, you will not have to fly—or sail by ferry from Sicily— to Malta at all, since we will take all the trouble. According to MGA (Malta Gaming Authority) rules, bookmaking activities require a B2C license. In order to get it, you must provide the following documents:
- an application in English;
- copies of company's beneficial owners' personal documents;
- a brief description of your professional background, criminal record, corporate charter, business plan and some other documents.
A license holder is obliged to pay an annual license fee of €25,000. After receiving a registration fee and verifying the submitted documents, MGA makes a decision on issuing a betting license. Generally, the whole process takes about 2 months.
As a result, you will be issued a B2C license, which allows you to conduct betting activities in all countries where gambling is not prohibited.
Getting a Curacao betting license
A company that is planning to receive sports bets via the Internet may also obtain a Curacao license, which is considered a convenient alternative to Malta's one. With the Curacao betting license, one can enjoy a number of advantages:
- almost every bank will willingly open you a Merchant Account for conducting transactions and players' deposits/withdrawals;
- sportsbook software providers freely cooperate with Curacao license holders;
- Curacao's corporate tax rate is 22%; however, so-called E-Zone companies are completely tax-exempt. GamingLicensing specialists will provide you professional assistance in registering your company in Curacao's E-Zone.
In order to successfully get a license, you must meet several technical requirements, such as storing backup information about clients and transactions on Curacao's soil (other databases may be physically located anywhere), getting your software certified by an audit company and having specific website sections (Terms and Conditions, Refund Policy, etc.) and a clickable icon confirming licensing.
Summary
Hopefully, a future sportsbook operator now has no doubts about the necessity of obtaining a license and working within the law. As of today, the best and the most cost-efficient option is obtaining approval documents from Malta or Curacao.
Online Betting License Cost
To get hold of an online betting license and diversify your online casino even further, GamingLicensing offers you help with the following price tags:
Company Registration | EUR 7,900 |
---|---|
Obtaining an Online Betting Gambling License | EUR 9,000 |
Registration of the domain in the E-ZONE | EUR 10+ depending on the domain name and the domain zone |
Expert Consultation and Support | FREE of Charge |
FAQ
What betting licenses can GamingLicensing help me obtain?
GamingLicensing can help you get the prestigious Malta Gambling Authority license and the Curacao e-Gaming license. You won't have to deal with annoying bureaucratic procedures — our experts will do that for you.
What do I need for the Malta Gambling Authority betting license?
To run a successful online betting site with a betting license from the Malta Gambling Authority, you need to obtain the so-called B2C license. To do that, you need to submit an application in English, the copies of your company's beneficial owners' personal documents, a brief description of your professional background, criminal record, corporate charter, business plan, and some other documents.
How much does the Malta Gambling Authority betting license cost and how much time does the process take?
The annual license fee is set at €25,000, and the whole process is finished in around two months.
What should I do to obtain the Curacao betting license and what are the advantages?
In order to obtain the Curacao betting license, your servers need to be physically located in Curacao and your software needs to be certified by an auditing company. Also, you will need to have specific sections visibly displayed, such as Terms and Conditions and Refund Policy.
Note that with the Curacao betting license, all banks will open merchant accounts for your transactions and players' deposits and withdrawals. Also, all sportsbook software will cooperate with Curacao license holders. On top of that, doing business from the Curacao E-Zone means that your business will be exempt from taxation.