Belize provides the three main elements sought by international investors:
- Stability: Long-standing, democratic tradition; independent judiciary; fixed exchange rate.
- Profitability: Flexible fiscal incentives and concessions; Commercial Free Zones (CFZs); Export Processing Zones (EPZs); repatriation of profits and dividends.
- Liveability: Subtropical climate; virgin rainforest; unspoiled beaches and spectacular barrier reef; friendly people.
Furthermore, Belize is strategically located next to Mexico and Central America, near the US and the Caribbean islands, rich in natural resources, with a stable and supportive economy, bilingual workforce and established infrastructure.
Trade Agreements
Belize enjoys benefits under trade agreements with several developed countries, including:
- Preferential market access to the Caribbean Common Market (CARICOM).
- Preferential treatment from the USA under the Caribbean Basin Initiative (CBI).
- Under the Lomé IV Convention, duty-free access to the European Community for certain commodities such as bananas and sugar.
- Under the Caribbean-Canada Trade Agreement (CARIBCAN), certain Belizean goods enter Canada duty-free.
Government Investment Incentives
The Government of Belize offers a menu of incentives that attract even the most cautious investor:
- 100% foreign ownership of both land and company assets.
- Joint ventures with local entities are encouraged.
- Legislation is in place providing incentives for the retirement industry.
- Flexible fiscal incentives and concessions
- Commercial Free Zones and an Export Processing Zone
- Vibrant, International Financial Services Industry
For more information on investing in Belize, please visit the following websites:
BELTRAIDE focuses on three strategic areas, which are:
- Investment Promotion, and Trade Development.
- Facilitation of Local Businesses and Development of Micro and Small Enterprises.
- Providing Research and Technical Support to Private Sector Agencies and other Business Support Organizations.
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The Belize Chamber of Commerce and Industry (BCCI) is the largest private sector membership based organization in Belize.
Mission: As the voice of the business community, we are the country’s leading advocate for private enterprise, promoting economic vitality and quality of life in Belize.
Vision: To contribute to the sustainable development of Belize through effective representation of the business community.