Note: The Government of Belize (GOB) through BELTRAIDE and the Ministry responsible for Investment, Trade and Commerce offers various investment incentive programs for priority investment sectors. These can apply to your project and would require the completion of the Program’s respective application checklist. Kindly contact our team at investment@belizeinvest.org.bz for more information on investment incentives. Below is a summary of the two (2) main programs administered by BELTRAIDE:
(1) Fiscal Incentives Program – Grants customs duty exemptions, inclusive of solely the import duty and revenue replacement duty for a development period to be approved by Cabinet in the priority sectors for investment. Materials that can be imported include: building materials and supplies, specialized tools, plan, machinery and equipment, fixtures and fittings, office equipment and appliances, utility and transport vehicles, agricultural machinery and supplies, raw material and packaging material, marine crafts, aircrafts and spare engines and spare parts.
(2) Export Processing Zone Program – Grants a full-fledged tax holiday including customs duty exemptions for a period to be approved by the EPZ Committee. The EPZ program places key emphases on value-adding activities for the export market such as agro-processing, manufacturing, assembling and data processing.
Kindly indicate specifically any other areas of Government Support being sought for the project in Part 5 above if applicable.