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Alleyes onBelize. Belize, the small English speaking country on
Central America’s pristine north-eastern coast, is poisedto become an international location for niche marketbusiness.
. In a world increasingly seeking natural products,
where organic, fair trade, and eco-labelled certificationsfetch price premiums; Belize’s natural assets, devel-opment policies and pro-business investment climatehave created an ideal destination for investors looking
to differentiate based on quality.
. No other country has so emphatically proclaimed thisniche-oriented destiny.Belize’s government, recognizedby investors as non-intrusive, supportive and pre-dictable, is wholly committed to creating the conditions,policies and institutions to continue supporting thecountry’s «niche-oriented» development model and pre-serving the country’s distinctiveness.
. There is an increasing demand for «made in Belize»products and services, for the simple reason that theycarry an aura of quality and distinctiveness that differ-entiates them in the eyes of consumers. The list of premi-um driven and niche-market oriented products andservices include: “fair-trade” branded cocoa, orangejuice, exotic pepper sauces and experience-basedtourism.
. Various economic sectors are being targeted by investorsattracted by Belize’s natural resources, convenient legalframework and export-oriented infrastructure.
Tourism services and tourism-related activities, agri-business, aquaculture, furniture manufacturing andinternational financial services are among the economicsectors that are focusing the interest of potential nicheinvestors around the globe.
Belize’s Natural FactsSize: Belize's total land massmeasures 8,866 square miles. Its border with the CaribbeanSea stretches for 240 miles.
Borders: Belize is bordered tothe North by Mexico,South andWest by Guatemala,and by the Caribbean Sea on its East.
Marine Life: Belize’s coastal areas harbour manatees,dolphins,whale sharks,hawks-bill turtles,crocodiles,iguanas,shorebirds,and diverse fishspecies. Belizean waters are also home to over 30 species ofcommercially important fish,while the barrier reef havens 14 spawning sites for endan-gered fish.
Land Animals: The unspoiledrainforests and savannas of Belize house five species ofbig cats,spider and howler monkeys,tapirs,peccaries,andnearly 600 bird species.
Plant Life: The majority ofBelize's land area consists of tropical rainforests,which are home to an astonishingnumber of native floweringplants (including 250 species oforchids and more than 220species of trees).
. In Belize, business and nature meet, creating an attrac-tive and sustainable investment climate for investors seeking to develop products and services that cater to markets that value nature.
. Belize is characterized by an incredible amount of biolog-ical and geographic diversity. The mainland, roughly the size of Belgium, contains tropical rainforests, coastalforests and grassland that host rare tropical flora andfauna. The Belizean shore is distinguished by its more than 100 coastal islands and the largest coral reef in theHemisphere: The Meso-American Barrier Reef meas-uring 290 kilometres.
. Weather conditions extend the location advantages ofBelize. Mild average temperatures of 80°F are made even more pleasant by their low degree of variability. The average ocean temperature of 85°F also has mild temperature fluctuations due to the protective effect of the barrier reef.
. Belizean products and services benefit from this «pristineaura» and carry a premium flavour to consumers in keymarkets in the U.S. and Europe.
Niche by nature
Maya Gold Project
« Green & Black's Limited has
been buying organically grown and
Fairtrade certified cacao from Belize
for over 10 years.The beans are of
such quality that we produce choco-
late bars, hot chocolate and other
products that merit their own label,
«Maya Gold». Our brand has been a
great success on the world market,
so much that we are working closely
on our Maya Gold Project with the
Toledo Cacao Growers Association,
a farmer owned group, to expand
production from 30 tonnes to more
than 500 tonnes annually.
Various departments and agencies
of the Government, particularly the
Ministry of Agriculture and the
Belize Agricultural Health Authority,
have worked hand in hand with us to
establish the new cacao orchards.
This will be critical for the future as
the crop begins to produce at much
higher levels. Our confidence in this
combined effort is so high that we
have committed to pay a premium
price for an extended time and
expect that we will be active for
many years to come. »Gregor HargroveProject Manager
Fair Trade makesthe difference
Maya Gold
« When we started making choco-
late it soon dawned on us that
organic and fair trade were inextri-
cably linked.What’s better for the
planet has to be better for the
people working on it. Unlike planta-
tion-grown cacao, our farmers grow
their cocoa trees under the shade
of indigenous trees alongside other
crops, including avocado, pineapple,
coffee, papaya and bananas.The
canopy of shade trees - mahogany,
cedar and teak - are grown above
the cacao trees and ginger is occa-
sionally grown underneath. »Craig SamsJosephine FairleyOwners of Maya Gold, the first product to be awarded the Fair Trade mark in Belize.
Belize Development Trust
« There are no exotic tropical fruit
wines in the USA that I know of.
This would be a gourmet item retail-
ing at high prices.There is no reason
one couldn’t cater to the exclusive-
ness of wealth and price status, in
selling such gourmet rare wines. »Ray Auxilou
The Nature Conservancy, in partner-
ship with the U.S. government and the
government of Belize, orchestrated a
landmark debt-for-nature swap in
August 2001.This historic deal for-
gives approximately half of Belize's
debt to the United States in exchange
for protecting 23,000 acres of tropical
rainforest, supporting local environ-
mental organizations and investing
in Belize's protected areas.
. Nature has blessed this country with unique natural riches.
. Its government is committed to preserving this endow-ment and leveraging on these natural assets to promotethe private sector growth that will ensure long-term sus-tainability. This vision is supported by a legal frameworkdesigned to promote non-destructive production methodsand a private sector committed to delivering high-qualitygoods and services.
. Belize’s government is proud to be viewed as a model of adeveloping country able to protect its environment andresources, while simultaneously welcoming foreign busi-ness and trade. The country’s success in its approach to economic growth has been supported by a 4.8% averageannual GDP growth from 1993-2003. The government’sfocus on ensuring an educated labour force has seen Belizeachieve a 94.1% literacy rate.
USA 87 %
Australia 3 %
Canada 10 %
Tourism 56%
Services 6%
Medical/Education 9%
Manufacturing 29%
Foreign Direct Investment 2004 (%)
By Sector Source:
Foreign Direct Investment 2004 (%)
Country of origin Source: Beltraide
Niche by vision
Foreign DirectInvestment (Bz $ mn)
2 5 0
2 0 0
1 5 0
1 0 0
5 0
0
Jan-June 2002 2003 2004
Belize benefits greatly from prefer-
ential duty-free access to major mar-
kets under the following trade
agreements:
Caribbean Basin Initiative (CBI ) for the
United States, the Cotonou Agreement
for the European Union and the CARI-
COM Market.These agreements allow
Belizean products to enter these mar-
kets duty-free and without other restric-
tions.
The Fiscal Incentives Act was designed to encourage genuine
investment in Belize through tax holi-
days and duty exemptions.The Act
provides both existing and prospective
investors with the legal and fiscal
framework to stimulate productive
economic activities.
The Fiscal Incentives Act was amended
in 2002 to encourage genuine invest-
ment in Small and Medium Enterprises
(SME) through partial or full duty
exemptions.The Act provides both
existing and prospective investors with
the legal framework to engage in
economic activities.
. If you think niche, Belize is your way to grow. A strategiclocation. A stable economy. The only English-speakingcountry in Central America. An attractive legal frame-work for investment. Investment Incentives. An educatedand hard-working labour force. Access to markets.Political stability.....The list of reasons to invest in Belizeis a long one.
. Belize is rapidly becoming an attractive and profitablelocation for investors looking to differentiate their prod-ucts and services based on quality. The natural charac-teristics of Belize support the development of businesses that compete on quality rather than those that competesolely on price or in commoditized markets.
. Belize’s strengths fit well into global consumption andeconomic trends. As tourists, once content spending theirleisure sunning at the beach, seek diverse experience-based destinations, as once-commoditized goods such asoranges are divided into categories like organic and eco-labelled, and as buyers consider the labour conditions and terms of trade under which their purchas-es were produced, Belize finds its self well-positioned totake advantage of these trends.
. Belize is much closer than you think. In terms of dis-tance, culture, language, and business practices, Belize is close.
. Foreign investors already operating in Belize refer to the ease of entry and small degree of government andadministrative barriers to business. Ownership and currency regulations, present in other countries of theregion, are absent in Belize, which allows firm’s to be fully owned by foreigners and for the repatriation of profits and dividends. And to prove what these investorsare saying, all you have to do is look at the high levels of reinvestment in Belize over the past years.
Brooks Tropicals
« Our Belizean papayas carry the
Brooks brand as recognition of their
quality, but they also mention their
Belizean origin which is recognized
as a premium by our customers.
Belize has provided us with a stable
regulatory environment, an English
legal system, a willing, diligent and
hard-working workforce and mana-
gerial talent. Such environment has
allowed our investment to grow sus-
tainably during the 15 years that we
have been growing and commer-
cializing our Belizean papayas.
Our exports have grown at a 50%
yearly rate since 1998.All our
employees are Belizean as we have
not been in the necessity to bring
expatriates to manage our business.
We have been reinvesting in Belize
because the country offers a stable
and predictable business envi-
ronment and a pro-investment
government. »Craig WheelingChairmanBrooks Tropicals
Active since 1928, Brooks Tropical is
today’s Florida’s largest tropical fruit
and vegetable supplier. Since 1995,
the firm’s Belizean Papaya operation
increased thirty-fold with 1000 acres
currently producing the Caribbean
Red Papayas.The subtropical climate
found in Belize is ideal for the culti-
vation and production of delicate
tropical fruits and vegetables which
require consistently high tempera-
tures and levels of humidity.
Niche for business
The human history of Belize could be divided into four periods: the ancient Maya epoch, the Spanish conquest, the British colonial period and modern Belize.
This timeline highlights the key moments of these four eras.
300 BC to 900 AD Classic Maya period, when what is now Belize was the heart of the Maya empire with a population of one million.
1508–1511 First Europeans — Spaniards — come to Belize; Maya resist.
1798 Baymen defeat Spanish at Battle of St. George’s Caye on September10, Belize’s National Day.
1838 Slaves emancipated.
1862 Britain declares British Honduras a colony and a member of British Commonwealth.
1931 Worst hurricane in Belize history strikes on September 10, kills about 2,000.
1949 Protests against devaluation of British Honduras dollar lead to formation of People’s United Party headed by George Price, sowing seeds of independence.
1973Name changed to Belize; capital moved to Belmopan from Belize City.
1981On September 21, Belize becomes fully independent member of British Commonwealth. New constitution promulgated.
1984The UDP wins in landslide victory in parliamentary elections, Manuel Esquivel becomes prime minister. Voice of America transmitter installed at Punta Gorda.
1985Esquivel government signs economic stabilization agreement with U.S. Agency for International Development (AID), requires government to adopt neoliberal economic policies including privatization of public corporations and agencies.
1987Formation of Security Intelligence Service (SIS) modelled on British M15.
1989PUP narrowly wins September parliamentary election (15 to 13 seats) that returns George Price to prime minister's office. Government dismantles SIS and relaxes control of media.
1991Belize celebrates ten years of independence. Guatemala recognizes Belize as an independent country.
GDP Growth / Current Prices (%)
Hotels and Restaurants1 6 . 0 0
1 4 . 0 0
1 2 . 0 0
1 0 . 0 0
8 . 0 0
6 . 0 0
4 . 0 0
2 . 0 0
0 . 0 0
2000 2001 2002 2003
San Ignacio
Belmopan
CAYO
ORANGE WALK
BELIZE
BELIZE
STANN CREEK
TOLEDO
Punta Gorda
Dangriga
Belize CityBelize City
Corozal Town
Orange Walk Town
Economic Activities
Financial Services
Fishing
Cocoa
Aquaculture
Fruits
Coffee
Woods & Furniture
Transportation Infrastructure
International Airport
Ports
Main roads and Highways
Commercial Free Zones
Export Processing Zones
Important Enteprises located in Belize
Natural Zones
Blue Hole
Parks & Preserved Areas
Lodges
Maya Ruins
Diving Areas
Main Towns
Belize City
Belmopan (capital)
Maya Mountains
Bluecadia
Bluecadia
Marie SharpMarie Sharp
Gallon Jug
NewRiver
Shipstern Shipstern NaturalNaturalPreserve
AtlanticBank
WoodDepot
Medina's
Lea's
Chaa Creek
Turtle InnCOPPOLA'S
Blancaneaux LodgeCOPPOLA'S
Data ProData Proe-business park
Bluecadia
Greens & BlackGreens & Blackchocolate productschocolate products
BrooksBrooksTropicalsTropicals
Bluecadia
Bluecadia
Belize’s General FactsOfficial Name: Belize
Nationality: Belizean
Independence Day: September 21,1981
Major languages: English (official),Spanish,Mayan,Garifuna (Caribbean) and Creole.
Population: 272.942 (2004)
Density of Population: 25 persons per sq. km
Life expectancy: 70 years (men),73 years (women)(UN)
Capital city: Belmopan
Principal cities: Belize City,Corozal,Orange Walk,San Ignacio,San Pedro,Dangriga,Placencia,PuntaGorda,San Antonio.
Time Zone: CST ; GMT – 6
Climate: Sub-Tropical (dry and wet season)
Rainfall: Annual rainfall ranges from 60 inches inthe North to 200 inches in the South.
Form of Government: parliamentary democracy –Bicameral Legislature
Next Election: 2008
Monetary unit: 1 Belizean dollar = 100 centsExchange Rate: US$1.00=Bz$2.00
Labor Force: 95.911 (2004)
Literacy Rate: 93%
Major Ports: Belize City,Big Creek and Dangriga
Major International Airport: Phillip SW GoldsonInternational,8 miles WNW of Belize City.
International dialling code: +501
Internet domain: .bz
. Belize has become a natural niche for investors who want to develop their business in a stable, strategic, sustain-able and business-friendly environment. Selecting Belizehas rewarded foreign investors from an array of economicsectors. Investors’ satisfaction, commitment and confi-dence in Belize are demonstrated by reinvestment levels,which are consistently high. Some sectors that have recently generated interest from investors include;
. Tourism
. Agribusiness
. Aquaculture
. Offshore Financial Services
. Furniture Manufacturing
. While the overarching benefits afforded by a positive overall business climate benefit the entire private sector,these industries have managed to stand out by couplingoverarching benefits with the sector-specific advantagespresent in Belize.
Sector profile
TourismBelize is recognized as an outstanding destinationfor experienced-based or specialty tourism. Eco-tourism,adventure tourism,cultural tourism and archaeological tourism have flourished inBelize due to the country’s location,diverse andhigh-quality attractions,and hospitable population.
Evidence of the quality of Belize’s tourist appeal is found by noting that 30% of tourist arrivals are by repeat visitors,and that during 2003 touristarrivals grew 10.6% and tourist expenditureincreased 17.74%.
The Belizean tourism industry’s demonstrated success and commitment to maintaining attractionscreate an attractive platform for investors looking to cater to the growing number of experience-based tourists. Besides the private sector’s commit-ment to preservation,the government,aware of the value of its natural assets,maintains conser-vation policies that ensure the industry’s growth is sustainable.
As consumers are increasingly using particular acti-vities rather than destination as the basis for select-ing their vacation spots,the outlook for specialtytourism is positive. Belize is the Natural Niche forthis type of tourism,as few destinations allowclients to explore rain forests,Mayan ruins,sandybeaches and some of the world’s best dive siteswithin easy travelling distance.
Belize’s tourism product,which includes not onlyexcellent natural resources but also strong culturaland heritage components are well-suited for mar-ket segments such as historic/cultural travellers and geo-tourists.
The availability of educated,motivated and com-mitted human resources is a critical factor for a serv-ice industry such as tourism. In the case of Belize,the labour force can be considered an asset for anyinvestor.
Comparative tourism growth rates Total Demand Global Caribbean Region Belize
2004 * 5.9 7.7 11.42005 –2014 * 4.5 4.5 5.6Source: WTTC, February 2004, Belize: Travel and Tourism Forging Ahead
* Adjusted for inflation
Chaa Creek
« Belize is good for doing business,
the investment climate is positive.
We haven’t witnessed any govern-
ment intervention in our operation
and there are no major obstacles to
operating a business.The country
has evolved positively over time and
continues to improve its attractive-
ness for foreign investors.
Our experience with Belizeans
(workers and labour) has been excel-
lent.The quality of local labour is
definitely a very positive advantage
for Belize. People are committed,
participative and educated, they can
be considered a high value resource
for a service based venture and they
take a special pride in being part
of a growing business. Many of our
workers have over 15 years working
with us and labour turnover is defi-
nitely very low. »Mick Fleming”Chaa Creek
The Lodge at Chaa Creek has provid-
ed ecological and archeological
tourism services in Belize since 1981.
Since pioneering these services, the
Lodge has achieved consistent
business growth, expanding their fa
cilities and range of services, and has
worked with some of the world’s
premier nature and adventure tour
companies.
Blancaneaux Lodge
« Belize is a favourite destination
for those individuals looking for a
completely different, authentic and
exclusive tourist experience. Our
guests highly value the interaction
with the community and the pristine
flavour that Belize carries.
For a service oriented-business like
tourism, labour is the fundamental
resource and we are very happy
with the availability, educational
level and commitment of human
resources in Belize.”
Ann WoodGeneral Manager
Blancaneaux Lodge, a secluded retreat
from civilization, is characterized by
an unaffected elegance with rustic
comfort in complete harmony with its
surrounding, spectacular piece of
Belizean real estate. Strategically
located within reach of two of Mundo
Maya's most spectacular and impor-
tant citadels,Tikal and Caracol.
Blancaneaux Lodge is one of Francis
Ford Coppola’s two high-end resorts
in Belize.
Among the main natural factors
that Belize is able to provide to its
visitors we find:
Second largest barrier reef in the worldand the largest in the hemisphere
Pristine waters
The rainforest
Wildlife
Mayan ruins and cultural influence
The Garifuna culture
Easy access to Belize via land,air or sea
An English speaking environment
Market Origin of International Land-Based Arrivals to BelizeSource: Belize Tourism Board web site - 2002P data
United States
Other
Mexico
Guatemala
Ex-Pat Belizeans
Canada
Europe
•
•
•
•
•
•
•
•
AgribusinessThe positive experience of current investors in theagribusiness area is probably the most convincingevidence that can be provided to future investorsabout the potential of the agribusiness sector.Companies such as Brooks Tropicals,a leading U.S.fruit company; Marie Sharp’s,Belize’s most recog-nized exporter of hot pepper sauces; Green &Black’s,U.K.’s top-notch specialty chocolate manu-facturer and Bluecadia,a U.S. aqua-culture investor,are taking advantage of Belize’s Natural Niche indeveloping their businesses.
Because these investments are targeting the exportmarket,Belize’s proximity to major North Americanmarkets has allowed these companies to easilyaccess North American consumers. Belize’s ACP/EUmembership allows certain exports to the EU toreceive preferential treatment such as duty freeand quota free access. In 2005 the Marie Sharp’sexpects to export over 80% of its products to theU.S. and to Europe.
But Belize is also an attractive investment locationfor agribusiness because high quality productiveland is available for a large range of agriculturalproducts and there is an abundant reserve ofmarine resources such as lobster,Tilapia,Bay Snook,shrimp,conch and various deep-sea fish.
Belize is just starting to develop its aquaculturepotential and there is an increasing demand toinvest in this export-oriented sector. Marine exportsrepresent the second fastest growing export prod-uct in Belize: growing at an average rate of 13%between 1990 and 2002; compared to 4% growth inaggregate exports during the same period.
A 300 day annual growing season,an average watertemperature of 27°C (81°F) with low temperaturevolatility,and the country’s position within the 5%hurricane landfall probability belt,make climaticconditions favourable for a variety of aquacultureproduction methods.
Belize’s agribusiness is producing high quality prod-ucts that are being differentiated in the main con-sumer markets and are therefore benefiting frompremium treatment in these niche markets.
Belize is particularly well positioned for organic andeco-labelled production,as the conversion processfrom conventional to certified cultivation is facili-tated by farmers’ low reliance on prohibited fertil-izers and pesticides. Production of vegetables suchas hot peppers,tomatoes,sweet peppers,cabbage,onion,broccoli,celery and cauliflower has reachedsufficient quantities to where organic certificationhas high potential. The Belize Organic ProducersAssociation (BOPA) has prioritized mango,cashews,and papaya as those crops with greatest potentialfor organic cultivation. Other fruits produced byBelize with potential for organic certification aresour apples,avocados,pineapples,citrus andcoconuts.
Belize provides a natural niche for investors that arelooking for a location that will allow them to brand,differentiate and niche market their products.
Brooks Tropicals
« Our Belizean papayas carry the
Brooks brand as recognition of their
quality, but they also mention their
Belizean origin which is recognized
as a premium by our customers.
Belize has provided us with a stable
regulatory environment, an English
legal system, a willing, diligent and
hard-working workforce and mana-
gerial talent.
Such environment has allowed our
investment to grow sustainably dur-
ing the 15 years that we have been
growing and commercializing our
Belizean papayas.
Our exports have grown at a 50%
yearly rate since 1998.All our
employees are Belizean as we have
not been in the necessity to bring
expatriates to manage our business.
We have been reinvesting in Belize
because the country offers a stable
and predictable business envi-
ronment and a pro-investment gov-
ernment. »Craig WheelingChairman
Active since 1928, Brooks Tropical is
today’s Florida’s largest tropical fruit
and vegetable supplier. Since 1995,
the firm’s Belizean Papaya operation
increased thirty-fold with 1000 acres
currently producing the Caribbean
Red Papayas.The subtropical climate
found in Belize is ideal for the cultiva-
tion and production of delicate tropi-
cal fruits and vegetables which
require consistently high tempera-
tures and levels of humidity.
Bluecadia
« Belize provides a comparative
advantage in respect of aquaculture.
The availability of a large area of
protected waters that results
from the long barrier reef provides
a tremendous potential for
fish farming for a wide array of
fish species.»Mr. John Smith
Bluecadia Aquaculture Group has
been involved in shrimp farming since
1989 when several private investors
took over a small shrimp farm in
Ladyville, Belize. Since the company's
inception, its facilities have expanded
as Bluecadia has become the largest
aquaculture company in Belize.Today
Bluecadia's farming operations con-
sist of three farms, two hatchery sites,
and a modern processing facility.
ServicesDataPro e-Business Park
DataPro e-Business Park is the region's premiereinfrastructure provider for enterprises with mis-sion-critical,offshore e-Business operations: offersstate-of-the-art office space (60,000 square feetarea build-to-suit),communications with modernutilities and a built-in fiber-optic link to a NetworkOperations Center and ancillary services tailored tothe needs of companies that wish to take advan-tage of the unique e-Business opportunities createdby the fusion of a Free Trade Export ProcessingZone,traditional offshore financial services,and thelatest information Technologies. The Park isequipped for those companies that wish to expandor relocate their operations to a secure and stableoffshore location that offers exceptionally attrac-tive fiscal incentives,security,and privacy.
Companies that locate at DataPro benefit from:
.100% exemption on all taxes and import dutiesfor computer equipment,software,furniture,and all other materials and equipment needed tooperate your e-business.
.100% exemption on taxes relating to the impor-tation of a company vehicle and vehicle parts.
.100% exemption on income tax
.100% exemption on capital gains tax
.100% exemption on sales tax and value added tax.
International Financial Services
Belize’s favorable legislation for offshore financialservice providers,high integrity standards,emerg-ing domestic financial industry,and proximity toAmerican,Mexican and Canadian markets,createthe platform off of which the county’s offshorefinancial services industry has grown. Since 1990more than 25,000 offshore businesses or trusts havebeen registered in Belize.
The 1990 International Business Companies Act (IBCAct) guar-antees owner’s confidentiality,securityand privacy and provides tax exemption for all of anIBC’s income and dividends. The InternationalFinancial Services Commission (IFSC) provides theinstitutional framework for shaping governmentpolicies on the regulations and professional stan-dards of such services. The Commission created a supervision unit knownas the Financial Intelligence Unit in 2002. The IFSC is also responsible for collecting,sorting and disseminating reliable and timely information tothose seeking market research on these services.
As anti-money laundering and anti-terrorism com-pliance becomes of greater importance to the inter-national community,offshore industries able tomaintain integrity will be become more attractiveto investors. Belize is one of a few locations to haveenacted Code of Conduct legislation,whereby alle-gations of illegal activities must be formally report-ed. The Code of Conduct legislation has benefitedBelize’s offshore financial services industry by assur-ing customers that by monitoring and enforcingprofessional standards the industry’s integrity willbe maintained. Client verification procedures suchas the Know-Your-Customer approach have beenintroduced to further assure the industry’s stan-dards. A list of service providers can be found on theIFSC website: www.ifsc.gov.bz.
Atlantic International Bank
« We are witnessing a growing
interest to establish international
banking operations in Belize.At this
time, eight international banking
licenses have been already issued
and we expect this number to
increase in the short term.
Belize’s legislation for international
or offshore banking operations can
be described as strict enough to
avoid «fly by night investors». Our
bank was established five years ago
and the growth of our financial oper-
ations confirms that Belize is a good
jurisdiction for an international
banking operation. »Ricardo PelayoAssistant General Manager
Belize Trade and Investment Development Service works tohelp international and local investors in establishing anddevelopinga business in Belize.
Belize has a very attractive value proposition for the niche-oriented investor. We aspire toattract quality-driven players who value the pro-businessenvironment , our competitive investment climate, favorableexport location and infrastructure.
Ten reasons to invest in Belize
01 A strong democracy
02 Minimal red tape
03 Environmentally friendly legislation
04 Preferential market access to Europe,Canada,the USA and the Caribbean
05Short distance to major US markets: Two hour flight to and from Miami, New Orleans,and Houston
06Adjacent to fairly large Central American markets and has bilateral trade agreements with neighboring countries.
07 All-weather roads linking major towns and ports.
08 Relatively low-cost labour and energy.
09 Best land and sea conditions for producing specialty tropical foods.
10
A combination of natural factors like climate,the longest barrier reef in the WesternHemisphere,numerous islands,excellent fishing,safe waters for boating,jungle wildlife,and Mayan ruins,supporting a high-end tourist industry.
Making business happen
Know more on investing in Belize atwww.belizeinvest.org.bz or consult our BIG Belize Investment Guide.
Main Office14 Orchid Garden Street
Belmopan City, BelizeCentral America
Telephone (+501) 822 3737822 0175
Fax (+501) 822 0585
Belize City Office1st Fl. Central Bank Bldg.
Gabourel LaneBelize City, Belize
Telephone (+501) 223 1913Fax (+501) 223 2464
beltraide @belizeinvest.org.bzbelizeinvest.org.bz