What should the comparison establish first?
Define the intended products, player markets and operating entity. A comparison made before those facts are known can only be provisional.
Use current official materials. Curaçao’s portal describes the CGA and LOK framework; Anjouan Gaming publishes its own licensing categories, conditions and fees. Avoid comparing a historic Curaçao sub-licence package with a current Anjouan application as if they were equivalent products.
Which differences can be checked directly?
Keep verified requirements separate from commercial judgements.
| Question | Curaçao | Anjouan |
|---|
| Official preparation source | CGA portal and LOK documents | Published licensing and conditions pages |
| Applicant structure | CGA specifies Curaçao entity and statutory seat | Check current applicant and conditions requirements |
| Fee source | Current CGA LOK fee document | Published issuance and renewal schedule |
| Market access | Separate destination assessment | Separate destination assessment |
| Banking outcome | Provider-specific decision | Provider-specific decision |
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How should costs be compared?
Use the same period and scope, distinguishing regulatory charges, professional work, local arrangements and ongoing compliance. Include payment reserves and pre-revenue funding separately.
Do not label a service-provider package as an official fee or present an unsupported three-year total. If a cost is unquoted, show it as unresolved. An apparently precise comparison can be less useful than an honest model identifying the missing inputs.
How should reputation and payment claims be tested?
Ask the actual proposed bank or processor about the entity, owners, products and markets. A general claim that one jurisdiction is “easy to bank” does not establish acceptance for the project.
Keep any provider response conditional on its stated scope. If the business later changes markets or payment flows, reassess. Avoid substituting anonymous market reputation for written underwriting requirements.
What would justify choosing one route?
The route should meet the legal and operational needs with a sustainable budget. Document the reasons, exclusions and remaining dependencies.
For example, a local-entity requirement affects corporate administration, while a destination-market requirement may make either route insufficient on its own. The comparison should expose those consequences. It should not promise a faster approval or broader permission without evidence specific to the application.
An ABC News investigation published on 31 December 2025 quoted a former Comoros attorney-general who called Anjouan Licensing Services illegal. This is an attributed challenge to the proposed issuer's authority, not a court finding made here. Its own register is not independent verification. Examine the legal basis with independent counsel before treating Anjouan as a feasible option; the detailed Anjouan licence guide explains the fees and checks. Full Anjouan licence analysis.
Sources and scope
- CGA — applicant requirements
- CGA — current documents
- Anjouan Gaming — licensing
- Anjouan Gaming — fees
- ABC News — investigation of Anjouan Licensing Services
This guide was prepared with AI assistance using the linked sources. It provides general information and practical preparation suggestions, not a legal opinion for a particular business. No personal professional review is claimed.
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