Curacao gambling license uk. These bookies all have an active license issued by the Curacao eGaming Licensing Authority. Curacao gambling license uk

 
 These bookies all have an active license issued by the Curacao eGaming Licensing AuthorityCuracao gambling license uk  The Curacao gambling license has pretty low taxes

8048/JAZ) is a master license holder in the Curacao gambling jurisdiction (there are actually 4 of them, which license online casinos on the behalf of. Responsible Gambling - Although Malta-licensed online casinos are not up to the same level as the UK, they are still streets ahead of the Curacao License. Curacao Gambling Specifications. Georgia. Some names include Playamo Casino, Casinonic, Kingbilly Casino, Red Dog Casino, and more. The renewal of the license is priced at €21,900 per year + 6% sales tax. Mr Vegas. Here are some of the standout features: Top and latest casino websites. Obtaining a gambling license in Curacao. Jurisdictions such as Malta, Curacao and Kahnawake can issue licences which are recognised in several countries across the world. The UK Gambling Commission ensures that all the online casinos that it licences are trustworthy by closely analysing applicants, verifying identities and checking their financial history. The Curacao Gaming Control Board can issue two types of online gaming licences. A registered corporation may conduct all varieties of e-gaming business operations in the territory with the aid of a Curacao gambling license, a document the island nation provides. Updated on November 1, 2023 By Lloyd Kenrick Curacao Gaming Control Board The Government of Curacao is responsible for issuing licences to all gambling operations. Since Curacao licensing allows for all types of gambling. org 2. Antillephone NV. The website is operated by Medium Rare N. It takes a long time to get a license, almost 2-3 months, the rental is much faster. This Caribbean island nation, with its picturesque beaches and vibrant. The UK Gambling Commission License is essential for targeting the UK market, and the Gibraltar Gaming License combines reputation with flexibility. Employees: 21. The perks this license comes with are as follows: Business status: Unlicensed casinos have much less chances to win on the business scene because of the possible risks. An Anjouan Gaming License offers 0% GGR tax and 0% VAT on gambling businesses. The licence is split into two parts: Master Licence – grants businesses the right to run an online gaming company, as well as the option to offer sub-licences to other parties. Curacao. MegaDice is a reliable gambling site with a licence from Curacao that's safe and upholds a good reputation. Malta is a Mediterranean island, which is also a member of the EU. The GCB will start issuing direct licences to gambling operators and will hold them accountable to internationally recognised standards from 1 September 2023 , with a plan to transfer these licences into the new regulatory framework once it is [email protected]. Play Now. Casinos licensed in Curacao allow you to play games not on Gamstop. The. It takes around 4-6 weeks to obtain it, it is economical, and you can operate any gambling business under one license. Gaming Curacao (GC) #365/JAZ - Email: info@gaming-curacao. Curaçao was one of the first jurisdictions to recognize the potential of remote gaming and established its licensing regime in 1996 to cater to the gaming industry. The Gaming Control Board Curaçao (GCBC) was founded in. Anjouan table prices explanations. The Curacao e-gaming license is one of the world's most popular e-gaming licenses. On top of that, there is income tax, which is 2%. The cost of a Curacao gaming license varies based on demand. The Curaçao license is one of the oldest, most trusted and influential gambling licenses in the. “, holder of the government permit. EM Group has been the fastest growing corporate services provider in Curaçao, specializing in online gaming since 2005. And in 1996, the first license was issued for the right to provide services related to virtual gambling. Pursuant to the National Ordinance on Offshore Games of Hazard (PB 1993, no. The licence is split into two parts: Master Licence – grants businesses the right to run an online gaming company, as well as the option to offer sub-licences to other parties. The sub-licenses could be issued by the holders of master licenses. Let’s dive deeper to explore them. The current draft of the LOK is still going through the. Fee: EUR 17,900 per year. License holders also receive technical and financial support. The first step in applying for an online casino is obtaining a valid gaming license. However, for that price, you will will get at least: Professional consultation. Gambling sites holding a valid license from the Curacao Gaming Authority are known as Curacao online casinos. Sadly this white list is long gone and to advertise in the UK you will need a. The annual licence fee also varies between €6,000 and €12,000. Curacao is a Caribbean island and a component nation of the Kingdom of the Netherlands. The fee to be paid to apply for the certificate is £10,000. Another disadvantage of the Maltese licenses is that some gambling transactions must pass through Malta. Let’s break it down. Watch all Videos. Cost of Curacao Gaming License. 23. 250% Extra + $125 Free Chip!The applicants should provide necessary documents and pay initial deposits for the internal control system checks during the registration process. Curacao Interactive Licensing N. UK; Vanuatu; Blog; Contact; gambling license. Moldova, Israel, UK. All the Curacao casinos that accept UK players can operate with more flexibility than the brands which hold a UKGC license. V. A Popular decision is to acquire a curacao. The authority was founded by the Ministry of Justice in 1999, although the licensing does not come directly from the state. gaming-curacao. This is an indicator that the time is right for starting or investing in the online gaming business. They are exempt from paying any taxes on their revenue. + Follow. The new Curacao gaming License – We will assist with obtaining licenses under the new regime. Home » gambling license. Gambling reforms in the UK: authorities reluctant to impose a statutory levy on operators – Curacao Gaming License from €17 900 By 2003, no gaming operators held a license from the island. Curacao Gambling Licence. Apart from that, the license shows that a gambling platform can be trusted. as is currently being considered in the UK, for example, the Ministry of Justice and Finance issued four so-called master licenses. RNG. Another cheap gambling license option comes from Anjouan, which costs $25,000. There are only four companies with Master Licences. Published Aug 30, 2023. Curacao online casinos differ significantly from UKGC-licensed casino websites. com. Law and Trust experts will help you go through all stages of licensing and allow you to fully focus on your business. In this comprehensive guide, we'll explore the cost range of the Curacao gaming license, which falls between $25,000 and $35,000. 5 lakh, the country accepts the Dutch currency Guilder. We license all game events, including blockchain projects. New license holders will also incur a domain fee for each additional domain, amounting to ANG 500 per year (approximately EUR 255. Dedicated high-speed internet infrastructure, including servers, cloud storage and GEO IP. The Government of Curacao is actively developing the Landsverordening op de Kansspelen (LoK) to regulate all games of chance. 2. 000. When Curaçao received aid from the Dutch government in 2020 because of the impact of Covid-19, the Netherlands asked for updates on certain reforms on the island in return. Curaçao was one of the first jurisdictions to recognize the potential of remote gaming and established its licensing regime in 1996 to cater to the gaming industry. See full list on paisley. It takes around 4-6 weeks to obtain it, it is economical, and you can operate any gambling business under one license. The LOK Gaming License is intended to replace the current system of core and sub-licenses, in which only four primary licensees have the authority to grant sub-licenses to operators. Which one applies to the casino depends on where they plan to operate. Furthermore, renewal fees are minimal, and there are no gaming taxes, unlike in other jurisdictions. Licences will come with fees, as the government attempts to increase its direct revenue from the gambling sector. This is the body responsible for enforcing that these Curacao betting sites stick to the rules and. Note, if you want to open your own casino, you may not worry about the license at all: our White label platform solution lets you operate. Seychelles. We’ll help you start a company, Local director, AML. Curaçao is working on an adjusted schedule for its overhaul to igaming licensing, due to stakeholder input received on the law, the Dutch government has revealed. It is worth noting, however, that. It takes up to 16 weeks for the United Kingdom Gambling Commission to review the application. Curacao is a legit licensing jurisdiction that accepts players worldwide, including the UK. just 2% on their net profit) and the fact that the Curacao jurisdiction is much more lenient than the UKGC when it comes to regulations;. Apply for hassle-free and reliable Curacao gaming license. Obtaining a Curacao gaming license is a hassle-free process with Tetra Consultants’ assistance. 📌 Min. 21 December 2022. £10. As of September 1, operators can access license application forms from the GCB’s new online portal. The portal opened on 1 September. It is an all-in-one license that is accessible and has fast processing. There will also be an 18-month period for transitioning currently licensed operators into the new system. WhatsApp us: +972504938469, email us: [email protected] Steps Required to Obtain a Curacao Crypto License. With more than two decades of experience, the GCB is one of the world’s most reputable licensing organizations. Online gambling sites who wish to have their services available in Curacao must apply for an online gambling licence. How to obtain online Curacao egaming license - Online Casino License? Online Gaming License. This license allows the casino to accept British players as well, even though they have an account on GamStop. The certificate allows you to perform activities in any format: betting, sweepstakes, poker rooms, traditional online casinos, and much more. The Curacao license has a history of going to several less well-known casinos. Whatever sport you set your mind to, it has it. Curaçao eGaming is a leading master license holder of Curaçao offering gaming license to run e-gaming operations. Offering eGaming Licencing, Curaçao is one of the most stable iGaming Jurisdiction since 1996, Through a single license, you can have all forms of gaming offerings such as Casinos, Sports Betting, Exchanges, Lottery, Games of Skill and Chance. It is one of the most affordable in the established gaming jurisdictions, with a base cost of around €21,500. The Curacao gaming license is often seen as operators’ first choice due to its affordability, reasonable requirements, and relatively low taxes. Online gambling platforms are subjected to a 2% corporate tax and no tax on all the gross. The Curacao E-Gaming license is very popular for online gambling operators. 21,900 EUR per year + 6% sales tax. Many online casinos apply for this licenсe because of less strict rules than other certification issuers. The Curacao Gaming Commission issues one Online Gambling license which covers all gaming operations, igaming service providers, network operators, affiliates, white-label operators, and igaming software suppliers. Tax Benefits: Curacao imposes a low tax rate on gaming revenue, rendering it an attractive destination for gaming firms seeking. Two domains and one validator. Tax rate on gambling profit. However, 2020 has been a tumultuous year for the industry in the wake of the Covid-19 global. Ensure your presence in the UK; Pay a license fee of EUR 1,000 to EUR 16,000. Dedicated high-speed internet infrastructure, including servers, cloud storage and GEO IP. The gaming licence itself. Those expenses cover all types of iGaming and allow partnerships with sub-license owners. Back in 1993, Curacao created some of the first legislation in the world regulating the online gambling market. Get professional technical support on any subject you encounter 24/7. This commission is one of the most stringent licensing authorities. If you examine other jurisdictions, the Curacao gaming license cost is. We consistently outperform the market with our unique focus. Curacao online casinos accept players from Great Britain and don’t use the Gamstop self-exclusion scheme. Comparatively speaking to Curacao, Malta and the UK typically have greater license acquisition expenses. The Curacao license is widely recognised as one of the most affordable licenses, with a customised turnkey package that costs approximately EUR 23,500, covering corporate structures, payments, and the license itself. Wait around eight weeks for the Gambling Commission to process the technical and personal documentation. It opened in August 2022, yet has rapidly flown up the ranks and been rated highly by all players. Offshore Jurisdictions: UK, Costa Rica, Curacao, Montenegro, Brazil, Isle of Man, Buenos Aires, Seychelles, South Africa, Ukraine, and Comoros. Malta: The price to obtain a Malta gaming license there might range from €5,000 to €30,000, depending on the kind of license needed and the services that must be provided. We’re experts in obtaining both Curacao gaming license B2B and Curacao gaming license B2C. 9. Type 1 includes the following verticals: casinos; slots; scratch cards; lotteries; secondary lotteries; and. The Curacao gaming license is often seen as operators’ first choice due to its affordability, reasonable requirements, and relatively low taxes. Because of this, it is considered less valuable than the UK license or curacao sports betting sites. The current regime, which ables new operators to apply for sub-licenses with any of the four master license holders, is soon to be replaced by a central government-controlled authority; the Curaçao Gaming Authority (CGA). Choose among 3 welcome options, up to £1600 + 10% CB on crypto deps. They cover most gambling except spread betting and other forms of index betting – which falls under the financial conduct authority. Norton VPN – secure and easy-to-use VPN for. Applying for a Curacao License, an operator needs to pay a $35,000 “setup fee,” plus $5,900 every month thereafter. Curacao Gaming License is widely known as the most popular among iGaming licenses and, at the same time, the oldest one in the world. Stick with us and explore below the best. Advantages of obtaining a Curacao gambling license include: A relatively quick and straightforward application process; Cost-effectiveness;Gambling Commission Annual Report and Accounts 2021-22. io Casino – best for quick payments in BTC. Firstly, the cost of a sub-license varies between €/$4,000 and €/$5,000 per year. It works completely differently from other gambling authorities. All licenses will be issued directly by the new state regulator – Curacao Gaming Authority (CGA). Our first-placed casino – Bets. Note: The sublicense also includes specialized turnkey solutions which assist Curaçao businesses in. Admittedly, crypto gambling laws need more work and hopefully we will see further development of the legislation in the coming years. 1k) every month, while earning only €2k ($2. and holds a valid gambling license from Curacao. Basic Info — Curacao Jurisdiction See moreCuracao License: Changes as of September 1, 2023 Applications for new master licenses for online gaming will be accepted and processed directly from. Law&Trust offers a full range of services for obtaining a license to open a casino on Alderney. Also, there is a one-time application fee for a Curacao casino license. under the gaming license 8048/JAZ issued to Antillephone, which is authorized and regulated by the Government of Curaçao. Downloads and guidance notes are also available. Ce qui explique qu'elle s'obtient en quelques jours et non en plusieurs mois comme pour les licences sérieuses de UK, Malte ou Gibraltar. In comparison to Curacao, Malta has higher tax rates and license fees. In a presentation given by the Gaming Control Board of Curaçao (GCB) on August 15, it was announced that the enactment of the long-awaited new gambling legislation in Curaçao (Landsverordening op de Kansspelen, LOK) is expected in mid-2024. 500 to EUR 12. Curacao license advantages. Buckle up, as we're about to embark on a thrilling journey through the world of online gambling and licensing. Countries that want or need more control over the gambling market often decide to regulate it, allowing operators to apply for a. English. These websites are the best choice among UK players because they offer top-quality features, including tight security, fast payments, fair games, and top-quality customer support. Max cash reward: £50. Cost: 5,600,000 EUR Contact us . The absence of division of the license into classes and low tax rates ensure the smooth launch of a large-scale project. 6 weeks. The Finance Minister said these changes are “unavoidable” and will change the island’s image. Applying for a British gambling license starts at about £25,000. The GCB was the direct result of the second Mutual Evaluation Report of the Caribbean Financial Action Task Force in 1998. The Steps Required to Obtain a Curacao Crypto License. Cost. The same fate seems to be in store for Gaming Services Provider (license 365/JAZ), Curaçao Interactive Licensing or CIL (license 5536/JAZ) after 2002, and The Elite Turf Club (license 4627/RNA. UK), +44 (20) 37693394 Dubai, UAE), +1 (643) 8931082 (New-York), +38 (091. 2. Notably, Curacao is a picturesque island located in the southern part of the Caribbean Sea. Sub. org. UK. Due to its popularity, there are approximately four hundred fifty (450) online gambling operators licensed and operating within the jurisdiction. Its license was one of the most cost-effective, simple, and quick to acquire and thus attracted hundreds of operators. 85m and £1m respectively. One of the key benefits is affordability. and is allowed the operation of games of chance on the International market via services lines. You can find some great licensed casinos. As of September 1, 2023, Curacao's gambling landscape is undergoing a significant transformation as the government has implemented more stringent licensing. Curacao Gaming Control Board. This sportsbook holds Curacao eGaming licence and offers cryptocurrency payment options. Curacao eGaming License Authority provides the master license. The fee to get a master gambling license from the Government of Curacao is about $34,000 USD. is a Private Limited Liability company that operates 20 different casino brands. Sub. Coins Game Sport. For comparison, the annual cost of only a license for 3 out of 4 gambling types in Malta is EUR 25. This is when the Curacao e–Gaming Licensing Authority was formed. the Gambling Commission under account number 39383 and the Malta Gaming Authority, licence number MGA. The state permits online casinos, poker, and sports betting; however, operators are required to form partnerships with land-based casinos in the state. B2B license in Curacao : Tailored for service providers seeking to legally offer their services to other gaming operators, fostering industry expansion. It´s one of the many ways of how we raise your game. 089 241 5401 (ROI) 5. Applying for a Curacao gaming license is not hugely expensive when compared to applications for other jurisdictions. io – is a reputable Curaçao casino where a real casino feeling and gaming fun await you. Two domains and one validator. Let’s break it down. Latest news on legislative changes in Curaçao. virtual games. The costs of this on paper is around €6,500 per annum but in reality you are going to spend between €15,000 and €25,000 in legal and administrative costs. Play Now. In turn, operators are required to use only licensed software. There’s no monopoly — Curacao, UK, Costa Rica, Malta, and a lot more are in, gaining the top rank among licenses. 21 December 2022. Instead, it delegates its regulatory duties to 4 independent companies , and , Curacao E-gaming (N. €10000. It is a perfect choice for sports betting and gaming operators, since the application procedure is quick and inexpensive. Online gambling is one of its central industries, and it began licensing companies for betting and gaming back in 1996. This license allows betting companies to operate and the holder to issue a sublicense, which is the second type. Please contact your Account Manager in such case to discuss with them. How amazing! However, the holder of the master license must be responsible for the sub-license holder. In addition to the licensing application fee, annual fees are required. 1k) every month, while earning only €2k ($2. Sub. If you gamble online often, you might even know some by name. (CIL) (5536/JAZ) gambling license? Legit verification domain name: There is no dedicated webpage for this purpose, instead each online casino licensed by CIL must provide you with a signed (by Curacao officials) license agreement on its own domain name. begambleaware. 0. As of September 1st, a significant shift is taking place in Curaçao’s gambling landscape. Curacao license is the most cost-effective and popular solution in the e-gaming industry. The current Curacao gambling regime is considered one of the most liberal in the world, with low costs, minimal requirements, and not much in the way of supervision or. UK: 78 York Street, London, England, W1H 1DP USA: 1226 King Street, Wilmington, Delaware Cyprus: 6, Nikou. We consistently outperform the market with our unique focus. Curacao license. What makes the Curacao gambling license a good option for operators? There are a number of features that speak in favor of this license type. Gaming tax is only 5 percent of revenues; there is also a compliance contribution (between 0. How to get a license for slot machines, bingo, online gambling, betting activity in Curacao. Curacao gambling license cost not too much: the annual cost of a license for all gambling types in Curacao can vary from EUR 4. To obtain a Curaçao gaming license, operators must meet certain requirements. How to get a license for slot machines, bingo, online gambling, betting activity in Curacao. The Curacao licence will cost you. The Curacao gaming licensing authority has been issuing online gambling licences since 1996. Also, instead of the previous system (four master license holders had exclusive rights to issue sublicenses and oversee licensees), the body will issue new gambling. Curacao gambling license cost not too much: the annual cost of a license for all gambling types in Curacao can vary from EUR 4. In summary, the Curacao Gaming License offers a cost-effective, simplified solution for operators, while the Malta Gaming License provides a prestigious option with favorable tax benefits. This is an entire package that includes:This has led to an increase in the number of people requesting information about an online gaming license. It is operated in Mexico by the gaming and raffle permit holder “Producciones Móviles S. Curacao’s crypto license is issued by the Curacao Gaming Control Board (GCB), the country’s regulatory body for gaming-related activities. Despite the small selection of gaming software providers, 24VIP casino offers players great bonuses and a profitable cashback system. Curacao . What’s included: • Company in Hungary • Legal address annual maintenance for 2020 & 2021 • Curacao Gaming sublicense • Gaming sublicense annual maintenance for 2020 & 2021 • Active SWIFT &. Your one stop guide to finding the very best curacao casinos for UK players. And moreso, if for instance UK is not on the list, what happense if i service to them anyways. Gaming Licence. Dutch Gaming Authority International Perspective: For those considering a non UK license casino, places like Curacao can be more cost-effective. Furthermore, it supports holistic growth and allows the company. Curacao is a Caribbean island and a constituent country in the kingdom of the Netherlands. Gambling License. Source of funds (SoF) verification. Curacao is a small island in South America. Obtaining a Panamanian license is quite simple, and local laws are very. Each country sets its own cost for issuing an online gambling license, and may also charge for renewal. Many Curacao casinos accept players from UK via mirrors or via managers. UK. Corporate income tax. (CIL) #5536/JAZ. However, it is always. As of September 1, operators can access license application forms from the GCB’s new online portal. . It is among the newly launched online sports bookmakers with Curacao license and gambling products for. com. Play over 6,000 games, including top slots, jackpots, and live casino games. However, after 1 September existing master licence holders will still be permitted to issue sub-licences in line with current legislation. Take advantage of daily cashback, weekly reloads, and high roller bonuses. In fact, when you take away tourism and oil, the services industry is one of the richest in the country and it owes most of that to gambling. The UK licence is considered to be one of the most reputable, yet expensive ones. . 1. The renewal of the license is priced at €21,900 per year + 6% sales tax. Permission issued by a special gambling committee is conclusive proof that a successful business is legal and that successful payments are promised. LuckofSpins Bookmaker. 7 days to opt in and deposit £10+ with a further 7 days to wager 40x on Live casino. This included changes to the online gambling regulations, which currently see licensing handled by four private entities, each holding a master license granted by the state. It opens wide opportunities for business owners to enjoy this kind of proposition from the Netherlands Antilles. The Curacao casino license was actually the only iGaming license at the time. And if it does, then either the license costs a lot of money, the taxes are exorbitantly high, or the license gives access to a truncated list of gambling services. One of the two best and easiest countries to get an online gambling license in the market: Anjouan Gaming License – A new license regulation is starting to be more and more popular with gaming operators and has a good option for a Curacao license. Concerned that this could result in deeply unfair practices, the Curacao government forces a new bill leading to serious transformations in the island’s gambling regulation. 📌 Sports Bonus. Malta Gaming Authority offers several types of licences: Class 1 – a license for online casinos. Tourism and online gambling are the two industries contributing the most to its economy. The Curacao online gaming license. The timing. Rating. Costs of obtaining a license in Curaçao: One-time e-Gaming IP licensing application fee – EUR 1,500. In fact, Curacao E-gaming is the first master license holder, and it has been licensing gambling operators (including online casinos. 23 GBO: Leading the Way in the new Curacao e-Gaming Solutions, helping companies with the sub-license to change to the new master license. Gambling sites holding a valid license from the Curacao Gaming Authority are known as Curacao online casinos. 07537 188 575 (NI) to arrange a call-back (Ireland). and is allowed the operation of games of chance on the International market via services lines. A key attraction for many businesses towards the A. What drives many of my clients to the Curacao License is the fact that it is a good general license, perfect for startups and casino game developers. B. Heelsumstraat, 51 E-Commerce Park, Curaçao. Because of the weak licensing standards, their gaming licences suffer from a bad reputation. On top of this expense, Malta gaming corporations have to pay a standard corporate tax of 35% on profits. The top Curacao Gambling Sites. Integrity and competence are slightly more vague areas in terms of strict checks, but essentially the UK regime ensures that an operator is legitimate and. The UK is known for its bureaucracy and this is a ruin for UK licensed casino operators who can become overpowered by the apparently perpetual bureaucracy that a UK Licensed casino will demand. Because of this numerous operator have been looking abroad to license in less bureaucratic jurisdictions. These include the UK, France and the Netherlands. 100%. Playthrough requirements and wagering limitations. The opening of the portal comes as Curaçao prepares for the National. In other words, casinos under the Versus Odds B. This amount of money does not seem loud in this flourishing Gambling market when compared to other entities such as the UK Gambling Commission where it takes 15% of total life-time online gambling revenue. Disclaimer: The casinos is not. The Ajouan gaming license cost is around 17,000 EUR, which includes the Annual Anjouan Gaming License fees covering initial setup fees and the required ISP service for compliance backups. In his latest column for Yogonet, iGaming industry consultant Ron Mendelson shares insights on why the island of Curacao is a good choice for operators. The original price for first-time applicants is €21,900 (per 2021 data). I did not see any replies from cloudbet. 📌 1st Deposit Bonus. Curacao Gaming Authority license renewal and convert sub-license to master license . Kahnawake. Apply for hassle-free and reliable Curacao gaming license. Fortune Clock Sportsbook is the best-rated Curacao betting site right now. The Curacao gaming license is recognized in a number of countries around the world. Games there must work using Random Number Generator (RNG); Class 2 – this licence is required for sports betting operators; 3 Class – it is a type of license which can be used in poker rooms, for bingo games as well as in. The cost of obtaining a gaming licence in Curaçao is much less than getting a UK licence! So, for startups and small casinos, Curaçao looks better for them than the UKGC. Four different types of gambling activities are specified within the Gaming Act: Type 1: Games of chance played against the house with the outcome determined by a random number generator. France, Netherlands, Australia, UK, Spain, Saba, Statia, St Martin, USA, or any other jurisdiction that the Central Government of Curaçao. Yes, the Curacao gaming license can be requested by companies that have contracted the gaming platform with a third-party solution or which have developed their own solution. The basic license costs around €17,500 up-front, plus a sliding rate based on revenue which can top out at €750,000.