Fiscal Incentive Program The Fiscal Incentive Program aims to encourage genuine investment in Belize for both existing and prospective investors through the granting of Customs duty exemptions. The program provides a legal and fiscal framework to stimulate productive economic activities that will ultimately contribute to the overall development of Belize. APPLICATION FORMAT A project proposal […]
Taxes in Belize Income Tax Income tax is payable at a rate of 25% on taxable income for all employed person resident in Belize earning over BZ$26,000 (US$13,000) per annum; persons earnings less than this are exempted from the tax. The basic allowance is BZ$25,600 (US$12,800) Business Tax Businesses, Companies and self- employed persons earning […]
INFRASTRUCTURE Roads and Highways Presently, the major highways in Belize comprise of: Philip Goldson Highway (Belize City to Corozal border with Mexico), the George Price Highway (Belize City to the Benque Viejo Del Carmen border with Guatemala), the Hummingbird Highway (Belmopan to Stann Creek District), and the Southern Highway (Stann Creek to the Toledo District. […]
Airports Belize’s only international airport is the Philip Goldson S.W International located 10 miles (16km) north of Belize City. The airport has recently completed an extension of its runway totaling its length to 10,155ft. the airport is now fully capable of accommodating vessels like Boeing 747 and Airbus 340. The international airlines currently serving Belize […]
Supply of Electricity The energy sector is fully privatized and is regulated by the Public Utilities Commission (PUC). The PUC issues licenses for the generation, while the Belize Electricity Ltd. (BEL) has exclusivity for transmission and distribution. The national grid utilizes an 115kv transmission line extending from Corozal to Belize City, and onward to San […]
Telecommunication Belize, whose country dialing code is 501, has two telecommunication companies- Belize Telemedia Limited (BTL) and Speednet Telecommunication Limited. Both provide comprehensive service using the latest technology available, and likewise, feature an inter-connection agreement. There is a full range of products and services including basic telephone service, national and international calls, prepaid services, […]
Water & Sewage Services All cities, towns and major villages are connected to water storage and distribution systems. Five areas of the country utilize underground aquifers namely Benque Viejo Town, San Ignacio/ Santa Elena Town, Corozal Town, Orange Walk Town and Punta Gordo Town. Three systems- Belize City and surrounds, Belmopan, and Dangriga Town- Utilize […]
LAND ACQUISITION National Land Acquiring national land is initiated by applying to the commissioner of lands, specifying the location and acreage being sought. Applications for land in excess of 25 acres (0.10 km2), must also submit a development plan to the Minster of Natural Resources and the Environmental; this should include the specific location, acre- […]
Belize has land suitable for agricultural purposes in all six districts with an estimated 15,000 to 16,000 kilometers available. There exists great potential for intensive crop production, permanent tree crops, milpa agriculture, pasture and productive forestry. The northern and southern lowlands are suitable for agricultural production. Land in the north is more alkaline, supporting growth […]
Healthcare: Medical Structures & Facilities Medical services and health care delivery in Belize are provided by a network of district hospitals, divided into four (4) regions – Northern Regional (Orange Walk and Corozal District); Central Region (Belize District); Western Regional (Cayo District); and Southern Regional Hospital (Stann Creek and Toledo District). The Karl Heusner Memorial […]