Belize Licensing Requirements
The legislation to support online gaming operations was introduced in 2000 under the name of the Gaming Control Act and was supplemented in 2004 with the Gaming Control (Online Gambling) Regulation. These documents are pretty much similar to other documents of countries that support similar operations.
In order to apply for a license, applicants must provide audited accounts for the most recent three years of their business, a copy of nationally approved ID, copy of fingerprints and two black and white photographs of all the people with financial interest in the enterprise. Applicants and license holders must hold security deposits and reserves in the Central Bank of Belize for the purpose of debt repayments.
The license is valid for a year and must be renewed within 60 days of its expiration. All applicants must pay a non-refundable fee of $5000. Once the license has been granted another fee of up to $10,000 must be paid. The same amount is paid for the renewal of the license before the expiration date. International companies that want to route online gambling activities into or through Belize must also pay a tax of the higher of US $250,000 or 0.75% of the casino's annual gross revenue.
Complaints and Dispute Resolution
There is no documented official complaints or dispute resolution process available for players in a dispute with a casino licensed in Belize. In such cases players are totally at the mercy of the honesty of the operator, and it is mainly for this reason that we advise players to steer clear of Belize-licensed online casinos that do not have a demonstrated track record of honesty and integrity.