The online gambling market in Colombia is showing an impressive growth rate, with an expected increase of 9.53% between 2024 and 2029, leading to a market size of USD 2029 million in 2029. That is why we recommend that you pay attention to this license.
Advantages of the license
What are the advantages of the Colombia license?
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Gambling Coverage
CoverageA single B2C license for all types of games: Includes real-time games, online slots, sports betting and more. Online operators do not need to obtain different types of licenses.
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License Duration
DurationThe license is valid for three to five years.
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Colombian Market
MarketColombia offers a stable and affordable market for foreign investors.
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Step-by-step guide
How can we help you with obtaining the license?
Step 1. Company registration for a license in Colombia
SUPPORT IN THE PREPARATION OF DOCUMENTS
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Statement of Compliance
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Memorandum of Association
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Articles of Association of the company
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Applications for company registration
Documents prepared by you
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Bank statement
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Certified copy of passport
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Additional identity document
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The last utility bill
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Certificate of no criminal record
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Resume (CV)
Deadlines
1. Preliminary Steps
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3 working days
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Collection and verification of documents
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Preparation of necessary forms
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Consultations on types of organizations and recommended articles of association
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Drafting of constituent documents
2. Registration Procedures
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1-3 weeks
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Submission of an application for name approval
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Submission of all necessary documents to the registrar
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Payment of the registration fee
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Appointment of a legal representative and his deputy
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Register of documents in the Chamber of Commerce and Industry
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Obtaining a national tax number and a local tax number
3. Obtaining company registration documents
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1 week
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Obtaining a company registration certificate
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Obtaining the founding documents of the company
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Obtaining a commercial register
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Obtaining the corporate Book of Shareholders and the Book of Minutes
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Step 2. Development of a package of documents for the site
SUPPORT IN THE PREPARATION OF DOCUMENTS
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Terms and Conditions (T&Cs)
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Know Your Customer (KYC) Policy
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Responsible Gaming Policy
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Privacy Policy
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Cookie Policy
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AML Policies
Documents prepared by you
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Questionnaire
Deadlines
1. Preliminary Steps
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3 working days
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Collection of information and analysis of the completed form
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Document Preparation
2. Approval and publication
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1-5 working days
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Approval of documents
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Publication of the document on the website
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Updating website information as needed
Step 3. Obtaining a license
SUPPORT IN THE PREPARATION OF DOCUMENTS
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Detailed license application form
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Declaration of Conformity
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Code of conduct
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Minutes of the board of directors or members' meetings
Documents prepared by you
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Certified copy of the passport
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A document confirming the address of residence
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Resume
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Professional recommendation letter
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Bank statement/reference
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SOW and SOF
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Business plan
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Corporate documents of the applicant company
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Confirmation of domain ownership
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Content provider certificates and/or RNG testing
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Certificate of compliance with the technical requirements of games managed via the Internet
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SIPLAFT instruction
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Cover letter from a compliance specialist
Deadlines
1. Preliminary Steps
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3 working days
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Collection and verification of documents
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Preparation of necessary forms
2. Licensing procedure
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2-3 months
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Submitting an application for name approval
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Payment of application fee
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Business and key person compliance
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Support of the licensing process
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what we offer
Gambling Jurisdiction
Testimonials
We - Legarithm
team
We - Legarithm.
We take a proactive approach to help you make informed decisions. Our team will help you register a company, open a bank account, choose and get a license, and build a business from scratch. Moreover, we value your time, so we created a platform where you can track the current status of work with all deadlines. Our main goal is to provide excellent service and create strong, long-term relationships built on trust and mutually beneficial cooperation
120+
Registered foreign companies<
100+
Licenses obtained
80+
Companies serviced
Vladyslav Drapii
Vladyslav Drapii
Anastasiia Kolomiiets
Iryna Hrabovetska
COMMON QUESTIONS
Frequently Asked Questions
What types of gambling licenses are available in Colombia?
In Colombia, licenses are available for various types of gambling, including sports betting, online casinos, lotteries, bingo and others. Licenses are granted depending on the type of gaming activity.
What are the requirements for obtaining a license?
The applicant must be a legal entity registered in Colombia. It is necessary to provide financial guarantees, fulfill requirements for the protection of players, transparency of business, and also provide the appropriate infrastructure for conducting gambling activities.
How long does it take to get a license?
The process of obtaining a license can take from several months to a year, depending on the type of license and the complexity of the applicant's verification process.
What are the tax rates in Colombia for the business?
New game operators must pay 17% of their gross gaming revenue (GGR). If the theoretical game profit for the player is 83%, this fee is reduced to 15% GGR. Online gaming operators must pay a monthly fixed fee equivalent to 811 minimum wages ($256,154.35 as of 2024) during the first 20 days of each month. The gambling operator must pay a 1% usage fee to the regulatory body (Coljuegos) for administration.
How long is the license valid for?
The license is usually issued for a period of up to 5 years, with the possibility of extension provided that all requirements of Coljuegos are met.