Government Sets Clear Investment Rules

Investors bringing more than 250 million US dollars into Belize are looking at having defined incentives set in law. Speaking on day one of the Belize Investment Summit, Prime Minister John Briceño said the government has moved to establish clear incentives and monitoring systems for investors.

“Whenever an investor comes into Belize, they go to the corresponding ministry. Let’s say it’s tourism; they will start off with the tourism, and then they will come to the Ministry of Investment, where BELTRAIDE is,” Briceño said. “BELTRAIDE already has a listing of what the incentives are that we give and what you have to follow.”

According to PM Briceño, investments that are “deemed to be in the interest of our country” will be monitored processes.

“What we’ve done is to ensure that there has to be a task force and that they are being monitored on a regular basis as opposed to when something blows up… so that whenever anybody tries to raise an alarm, we could immediately say ‘Hey, it’s not so; this is what we’ve been doing,” Briceño added.