Regulation on Fiscal Incentives

Fiscal Incentives in Belize
The Fiscal incentives Act was designed to encourage genuine investment in Belize through tax holidays and duty exemptions. The Act provides both existing and prospective investors with the legal and fiscal framework to stimulate productive economic activities.
Fiscal Incentive Benefits
Tax Holidays:
• Tax holidays for 5 years from date of production
• Tax holidays may be renewed for a further term of ten years
• Tax holidays of up to 25 years for companies engaged in agriculture, agro-industrial products, mariculture, food processing and manufacturing with operations centered on export and highly labour intensive
• Exemption from income tax, including repatriation of profits and dividends
Duty Exemptions:
• Duty exemption of 15 years to companies granted an Approved Enterprise Order
• Duty exemption may be renewed for a further term of up to 10 years
• Duty exemption of 25 years for companies engaged in agriculture, agro-industrial products, mariculture, food processing and manufacturing with operations centered on export and highly labour intensive
• items exempted from import duty and revenue replacement duty include:
a. Building materials, plants, machinery, equipment including specialized tools, utility and transport vehicles, fixtures and fittings, office equipment and appliances
b. Spare parts for plants, plant related machinery, agricultural machinery
c. Any raw materials or other items for the sole usage of the approved enterprise
Who Qualifies?
The company applying for development concessions must be incorporated under the laws of Belize, their activities must be beneficial to the economy of Belize and in the public interest.
Application Requirements
A project proposal must be submitted in triplicate to the Belize Trade and Investment Development
Service (BELTRAIDE) with the following supporting documents:
1. Copy of Articles of Association
2. Copy of Memorandum of Association
3. Copy of Certificate of Incorporation
4. Banker’s Reference
5. Land Title
6. Proforma Profitability Statement
7. List of items requested for duty exemption

For Further Information Contact:
Belize Trade and investment Development Service
#14 Orchid Garden St., Belmopan, Belize
Tel: (501) 8-23737/201 78 Fax: (501) 8-20595
Email: beltraide@belize.gov.bz
Website: www.belizeinvest.org.bz