Curaçao (under the LOK) vs. Anjouan: Which License Is Right for You in 2025?
Your License shapes how fast you launch, who will bank you, and how credible you look to partners. In 2025, two offshore stars keep getting compared: Curaçao under the new LOK and Anjouan. So… who wins for your model?
Let’s Set the Stage
The year is 2025. Crypto is mainstream, affiliates are everywhere, and iGaming keeps accelerating. Your License decision still decides everything — costs, timelines, compliance, reputation.
Right now, two contenders dominate:
- Curaçao — now under the LOK (a full regulatory makeover)
- Anjouan — the agile, fast-to-market underdog
Curaçao Under the LOK: The Makeover Story
Curaçao has been an iGaming classic for years. In December 2024, it launched the LOK — a modern framework replacing the old master/sub-License setup. All applications now go through the Curaçao Gaming Authority portal.
What changed?
- Direct Licenses from CGA (no more master/sub model).
- Stronger AML, responsible gambling and transparency rules.
- Local entity + resident managing director required.
Fees & timelines (Curaçao — LOK)
- Annual B2C License Fee: EUR 24,490
- Annual B2C Supervisory Fee: EUR 22,960
- Annual B2B License Fee: EUR 0
- Annual B2B Supervisory Fee: EUR 24,490
- Application Fee (one-time): EUR 4,592
- UBO (each person, one-time): EUR 150
- Qualified Interest Holder (each person, one-time): EUR 150
- Listed UBO Addition (each entry): EUR 2,551
- Domain Fees: EUR 250 per domain (one-time to add to License)
- Timeline: varies based on completeness and CGA processing
Anjouan License: The Agile Sprint-Runner
Anjouan (Comoros) is popular with startups aiming for fast, cost-efficient launches. One License covers multiple verticals and the onboarding is straightforward.
Fees & timelines (Anjouan)
- Initial Licensing Fees: €18,000 (includes 1 annual Key Person Authorization fee + License Management Platform Fees)
- Domains: Two URLs included; each additional URL is €500
- Payment: Due upon submission of the application; fees are non-refundable
- Timeline: varies based on completeness and regulator queue
Curaçao vs. Anjouan: Comparison Table
| Category | Curaçao (LOK) | Anjouan |
|---|---|---|
| Cost Profile | Higher fixed statutory fees | Lower initial package |
| Time to Launch | Varies (CGA processing) | Varies (regulator queue) |
| Compliance Burden | Higher (local substance) | Lighter |
| Industry Recognition | Stronger | Growing |
| Domain Handling | EUR 250 per domain (one-time) | 2 included; +€500 per extra URL |
| Best For | Long-term brand building | Fast, budget-sensitive launch |
Which One Fits You?
Scenario A: Brand First, Growth Next
You want strong reputation and partnership trust for the long term.
Best fit: Curaçao LOK
Check out our Curaçao guide here for more information.
Scenario B: Break-Even ASAP
You need speed, lower cost and flexibility to test the market fast.
Best fit: Anjouan
Check out our Anjouan guide here for more information.
Both Licenses cover the main iGaming verticals. What matters most is your balance of speed vs. credibility — and the expectations of your key partners.
