• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content

Loading…

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

Like this presentation? Why not share!

Belize Investors Manual 2009

on

  • 1,452 views

 

Statistics

Views

Total Views
1,452
Views on SlideShare
1,452
Embed Views
0

Actions

Likes
0
Downloads
7
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Belize Investors Manual 2009 Belize Investors Manual 2009 Presentation Transcript

    • All eyes on Belize . Belize, the small English speaking country on Central America’s pristine north-eastern coast, is poised to become an international location for niche market business. . In a world increasingly seeking natural products, where organic, fair trade, and eco-labelled certifications fetch price premiums; Belize’s natural assets, devel- opment policies and pro-business investment climate have created an ideal destination for investors looking to differentiate based on quality. . No other country has so emphatically proclaimed this niche-oriented destiny.Belize’s government, recognized by investors as non-intrusive, supportive and pre- dictable, is wholly committed to creating the conditions, policies and institutions to continue supporting the country’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 they carry 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 and services include: “fair-trade” branded cocoa, orange juice, exotic pepper sauces and experience-based tourism. . Various economic sectors are being targeted by investors attracted by Belize’s natural resources, convenient legal framework and export-oriented infrastructure. Tourism services and tourism-related activities, agri- business, aquaculture, furniture manufacturing and international financial services are among the economic sectors that are focusing the interest of potential niche investors around the globe.
    • Maya Gold Project Various departments and agencies « Green & Black's Limited has of the Government, particularly the been buying organically grown and Ministry of Agriculture and the Belize Agricultural Health Authority, Fairtrade certified cacao from Belize for over 10 years.The beans are ofhave worked hand in hand with us to establish the new cacao orchards. such quality that we produce choco- late bars, hot chocolate and otherThis will be critical for the future as the crop begins to produce at much products that merit their own label, «Maya Gold». Our brand has been a higher levels. Our confidence in this great success on the world market,combined effort is so high that we have committed to pay a premium so much that we are working closely on our Maya Gold Project with the price for an extended time and Toledo Cacao Growers Association, expect that we will be active for a farmer owned group, to expand many years to come. » production from 30 tonnes to more Gregor Hargrove than 500 tonnes annually. Project Manager Niche by nature . 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 Belize’s Natural Facts the size of Belgium, contains tropical rainforests, coastal Size: Belize's total land mass forests and grassland that host rare tropical flora and measures 8,866 square miles. Its border with the Caribbean fauna. The Belizean shore is distinguished by its more Sea stretches for 240 miles. than 100 coastal islands and the largest coral reef in the Borders: Belize is bordered to Hemisphere: The Meso-American Barrier Reef meas- the North by Mexico,South and West by Guatemala,and by uring 290 kilometres. the Caribbean Sea on its East. . Weather conditions extend the location advantages of Marine Life: Belize’s coastal areas harbour manatees, Belize. Mild average temperatures of 80°F are made dolphins,whale sharks,hawks- even more pleasant by their low degree of variability. bill turtles,crocodiles,iguanas, shorebirds,and diverse fish The average ocean temperature of 85°F also has species. Belizean waters are mild temperature fluctuations due to the protective also home to over 30 species of effect of the barrier reef. commercially important fish, while the barrier reef havens . Belizean products and services benefit from this «pristine 14 spawning sites for endan- gered fish. aura» and carry a premium flavour to consumers in key Land Animals: The unspoiled markets in the U.S. and Europe. rainforests and savannas of Belize house five species of big cats,spider and howler monkeys,tapirs,peccaries,and nearly 600 bird species. Plant Life: The majority of Belize's land area consists of tropical rainforests,which are home to an astonishing number of native flowering plants (including 250 species of orchids and more than 220 species of trees).
    • Maya Gold of indigenous trees alongside other Belize Development Trust The Nature Conservancy, in partner- Fair Trade makes « When we started making choco- crops, including avocado, pineapple, « There are no exotic tropical fruit ship with the U.S. government and the the difference late it soon dawned on us that coffee, papaya and bananas.The wines in the USA that I know of. government of Belize, orchestrated a organic and fair trade were inextri- canopy of shade trees - mahogany, This would be a gourmet item retail- landmark debt-for-nature swap in cably linked.What’s better for the cedar and teak - are grown above ing at high prices.There is no reason August 2001.This historic deal for- planet has to be better for the the cacao trees and ginger is occa- one couldn’t cater to the exclusive- gives approximately half of Belize's people working on it. Unlike planta- sionally grown underneath. » ness of wealth and price status, in debt to the United States in exchange for protecting 23,000 acres of tropical tion-grown cacao, our farmers grow Craig Sams selling such gourmet rare wines. » rainforest, supporting local environ- their cocoa trees under the shade Josephine Fairley Ray Auxilou mental organizations and investing Owners of Maya Gold, the first product to be awarded in Belize's protected areas. the Fair Trade mark in Belize. Niche by vision . 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 promote the private sector growth that will ensure long-term sus- tainability. This vision is supported by a legal framework designed to promote non-destructive production methods and a private sector committed to delivering high-quality goods and services. . Belize’s government is proud to be viewed as a model of a developing country able to protect its environment and resources, 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% average annual GDP growth from 1993-2003. The government’s focus on ensuring an educated labour force has seen Belize achieve a 94.1% literacy rate. Foreign Direct Investment 2004 (%) Foreign Direct Investment 2004 (%) Country of origin By Sector Source: Beltraide Source: USA 87 % Tourism 56% Australia 3 % Services 6% Canada 10 % Medical/Education 9% Manufacturing 29%
    • Brooks Tropicals have been growing and commer- Active since 1928, Brooks Tropical is « Our Belizean papayas carry the cializing our Belizean papayas. today’s Florida’s largest tropical fruit Our exports have grown at a 50% Brooks brand as recognition of their and vegetable supplier. Since 1995, yearly rate since 1998.All our quality, but they also mention their the firm’s Belizean Papaya operation Belizean origin which is recognizedemployees are Belizean as we have increased thirty-fold with 1000 acres as a premium by our customers. not been in the necessity to bring currently producing the Caribbean expatriates to manage our business. Red Papayas.The subtropical climate Belize has provided us with a stable found in Belize is ideal for the culti- regulatory environment, an English We have been reinvesting in Belize because the country offers a stable vation and production of delicate legal system, a willing, diligent and tropical fruits and vegetables which hard-working workforce and mana- and predictable business envi- ronment and a pro-investment require consistently high tempera- gerial talent. Such environment has tures and levels of humidity. allowed our investment to grow sus-government. » tainably during the 15 years that we Craig Wheeling Chairman Brooks Tropicals Niche for business . If you think niche, Belize is your way to grow. A strategic location. A stable economy. The only English-speaking country in Central America. An attractive legal frame- work for investment. Investment Incentives. An educated and hard-working labour force. Access to markets. Belize benefits greatly from prefer- Political stability.....The list of reasons to invest in Belize ential duty-free access to major mar- kets under the following trade is a long one. agreements: Caribbean Basin Initiative (CBI ) for the . Belize is rapidly becoming an attractive and profitable United States, the Cotonou Agreement location for investors looking to differentiate their prod- for the European Union and the CARI- COM Market.These agreements allow ucts and services based on quality. The natural charac- Belizean products to enter these mar- teristics of Belize support the development of businesses kets duty-free and without other restric- tions. that compete on quality rather than those that compete solely on price or in commoditized markets. The Fiscal Incentives Act was designed to encourage genuine . Belize’s strengths fit well into global consumption and investment in Belize through tax holi- economic trends. As tourists, once content spending their days and duty exemptions.The Act provides both existing and prospective leisure sunning at the beach, seek diverse experience- investors with the legal and fiscal based destinations, as once-commoditized goods such as framework to stimulate productive economic activities. oranges are divided into categories like organic and eco- The Fiscal Incentives Act was amended labelled, and as buyers consider the labour in 2002 to encourage genuine invest- ment in Small and Medium Enterprises conditions and terms of trade under which their purchas- (SME) through partial or full duty es were produced, Belize finds its self well-positioned to exemptions.The Act provides both existing and prospective investors with take advantage of these trends. the legal framework to engage in economic activities. . 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 Foreign Direct the ease of entry and small degree of government and Investment ( Bz $ mn) 2 5 0 administrative barriers to business. Ownership and 2 0 0 currency regulations, present in other countries of the 1 5 0 1 0 0 region, are absent in Belize, which allows firm’s to be 5 0 fully owned by foreigners and for the repatriation of 0 profits and dividends. And to prove what these investors Jan-June 2002 2003 2004 are saying, all you have to do is look at the high levels of reinvestment in Belize over the past years.
    • The human history of Belize could be divided into four periods: the ancient Maya epoch, Brooks Tropicals Corozal T own the Spanish conquest, BELIZE the British colonial period and modern Belize. Belize’s General Facts This timeline highlights the key moments of these four eras. Official Name: Belize Nationality: Belizean New Shipstern River Natural Independence Day: September 21,1981 Preserve 300 BC to 900 AD Major languages: English (official),Spanish,Mayan, Classic Maya period, when what is now Garifuna (Caribbean) and Creole. Belize was the heart of the Maya empire with Bluecadia a population of one million. Population: 272.942 (2004) 1508–1511 Density of Population: 25 persons per sq. km Orange Walk T own First Europeans — Spaniards — come to Belize; Maya resist. Life expectancy: 70 years (men),73 years (women) 1798 (UN) Baymen defeat Spanish at Battle of St. George’s Caye Gallon on September10, Belize’s National Day. Capital city: Belmopan Jug 1838 Principal cities: Belize City,Corozal,Orange Walk, Slaves emancipated. San Ignacio,San Pedro,Dangriga,Placencia,Punta Bluecadia 1862 Gorda,San Antonio. ORANGE WALK Britain declares British Honduras a colony and a member of British Commonwealth. Time Zone: CST ; GMT – 6 BELIZE 1931 Climate: Sub-Tropical (dry and wet season) Data Pro Worst hurricane in Belize history strikes e-business park on September 10, kills about 2,000. Rainfall: Annual rainfall ranges from 60 inches in the North to 200 inches in the South. Belize City 1949 Protests against devaluation of British Honduras dollar lead Form of Government: parliamentary democracy – Atlantic Bank to formation of People’s United Party headed by George Price, Bicameral Legislature sowing seeds of independence. 1973 Next Election: 2008 Wood Depot Name changed to Belize; capital moved Monetary unit: 1 Belizean dollar = 100 cents Belmopan to Belmopan from Belize City. Exchange Rate: US$1.00=Bz$2.00 Blancaneaux Lodge 1981 On September 21, Belize becomes fully independent member Labor Force: 95.911 (2004) COPPOLA'S Lea's of British Commonwealth. New constitution promulgated. Literacy Rate: 93% Medina's 1984 Major Ports: Belize City,Big Creek and Dangriga The UDP wins in landslide victory in parliamentary elections, San Ignacio Manuel Esquivel becomes prime minister. Voice of America Major International Airport: Phillip SW Goldson Bluecadia transmitter installed at Punta Gorda. Natural Zones International,8 miles WNW of Belize City. 1985 CAYO Dangriga Blue Hole International dialling code: +501 Esquivel government signs economic stabilization agreement Chaa Creek Parks & Preserved Areas with U.S. Agency for International Development (AID), requires Internet domain: .bz Marie Sharp Lodges government to adopt neoliberal economic policies including Maya Ruins privatization of public corporations and agencies. Diving Areas 1987 STANN CREEK GDP Growth / Current Prices (%) Main Towns Formation of Security Intelligence Service (SIS) modelled on British M15. Hotels and Restaurants Belize City 1989 1 6 . 0 0 Turtle Inn Bluecadia COPPOLA'S Belmopan (capital) PUP narrowly wins September parliamentary election 1 4 . 0 0 (15 to 13 seats) that returns George Price to prime minister's office. Maya Mountains 1 2 . 0 0 Government dismantles SIS and relaxes control of media. 1 0 . 0 0 Greens & Black Economic Activities chocolate products 1991 8 . 0 0 Financial Services Belize celebrates ten years of independence. Guatemala 6 . 0 0 recognizes Belize as an independent country. 4 . 0 0 Fishing 2 . 0 0 Cocoa 0 . 0 0 TOLEDO Aquaculture 2000 2001 2002 2003 Fruits Coffee Bluecadia Woods & Furniture Transportation Infrastructure International Airport Ports Main roads and Highways Punta Gorda Commercial Free Zones Export Processing Zones Important Enteprises located in Belize
    • Sector profile . 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 Belize has rewarded foreign investors from an array of economic sectors. 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 coupling overarching benefits with the sector-specific advantages present in Belize.
    • Chaa Creek Our experience with Belizeans The Lodge at Chaa Creek has provid- Blancaneaux Lodge Blancaneaux Lodge, a secluded retreat « Belize is good for doing business, (workers and labour) has been excel- ed ecological and archeological « Belize is a favourite destination from civilization, is characterized by the investment climate is positive. lent.The quality of local labour is tourism services in Belize since 1981. for those individuals looking for a an unaffected elegance with rustic We haven’t witnessed any govern- definitely a very positive advantage Since pioneering these services, the completely different, authentic and comfort in complete harmony with its ment intervention in our operation for Belize. People are committed, Lodge has achieved consistent exclusive tourist experience. Our surrounding, spectacular piece of and there are no major obstacles to participative and educated, they can business growth, expanding their fa guests highly value the interaction Belizean real estate. Strategically operating a business.The country be considered a high value resource cilities and range of services, and has with the community and the pristine located within reach of two of Mundo has evolved positively over time and for a service based venture and they worked with some of the world’s flavour that Belize carries. Maya's most spectacular and impor- continues to improve its attractive- take a special pride in being part premier nature and adventure tour tant citadels,Tikal and Caracol. companies. For a service oriented-business like Blancaneaux Lodge is one of Francis ness for foreign investors. of a growing business. Many of our tourism, labour is the fundamental Ford Coppola’s two high-end resorts workers have over 15 years working resource and we are very happy with us and labour turnover is defi- in Belize. with the availability, educational nitely very low. » level and commitment of human Mick Fleming” resources in Belize.” Chaa Creek Ann Wood General Manager Tourism Belize is recognized as an outstanding destination As consumers are increasingly using particular acti- for experienced-based or specialty tourism. vities rather than destination as the basis for select- Eco-tourism,adventure tourism,cultural tourism ing their vacation spots,the outlook for specialty and archaeological tourism have flourished in tourism is positive. Belize is the Natural Niche for Belize due to the country’s location,diverse and this type of tourism,as few destinations allow high-quality attractions,and hospitable population. clients to explore rain forests,Mayan ruins,sandy Among the main natural factors beaches and some of the world’s best dive sites that Belize is able to provide to its Evidence of the quality of Belize’s tourist appeal visitors we find: is found by noting that 30% of tourist arrivals within easy travelling distance. • Second largest barrier reef in the world are by repeat visitors,and that during 2003 tourist Belize’s tourism product,which includes not only and the largest in the hemisphere arrivals grew 10.6% and tourist expenditure excellent natural resources but also strong cultural • Pristine waters increased 17.74%. and heritage components are well-suited for mar- • The rainforest The Belizean tourism industry’s demonstrated ket segments such as historic/cultural travellers and • Wildlife • Mayan ruins and cultural influence success and commitment to maintaining attractions geo-tourists. • The Garifuna culture create an attractive platform for investors looking The availability of educated,motivated and com- • Easy access to Belize via land, to cater to the growing number of experience- mitted human resources is a critical factor for a serv- air or sea based tourists. Besides the private sector’s commit- ice industry such as tourism. In the case of Belize, • An English speaking environment ment to preservation,the government,aware the labour force can be considered an asset for any of the value of its natural assets,maintains conser- investor. vation policies that ensure the industry’s growth is sustainable. Comparative tourism growth rates Total Demand Global Caribbean Region Belize Market Origin of 2004 * 5.9 7.7 11.4 International Land-Based Arrivals to Belize 2005 – 2014 * 4.5 4.5 5.6 Source: Belize Tourism Board web site - 2002P data Source: W T TC , February 2004, Belize: Travel and Tourism Forging Ahead United States * Adjusted for inflation Other Mexico Guatemala Ex-Pat Belizeans Canada Europe
    • Brooks Tropicals Such environment has allowed our Active since 1928, Brooks Tropical is Bluecadia Bluecadia Aquaculture Group has « Our Belizean papayas carry the investment to grow sustainably dur- today’s Florida’s largest tropical fruit « Belize provides a comparative been involved in shrimp farming since Brooks brand as recognition of their ing the 15 years that we have been and vegetable supplier. Since 1995, advantage in respect of aquaculture. 1989 when several private investors quality, but they also mention their growing and commercializing our the firm’s Belizean Papaya operation The availability of a large area of took over a small shrimp farm in Belizean origin which is recognized Belizean papayas. increased thirty-fold with 1000 acres protected waters that results Ladyville, Belize. Since the company's as a premium by our customers. Our exports have grown at a 50% currently producing the Caribbean from the long barrier reef provides inception, its facilities have expanded yearly rate since 1998.All our Red Papayas.The subtropical climate a tremendous potential for as Bluecadia has become the largest Belize has provided us with a stable found in Belize is ideal for the cultiva- aquaculture company in Belize.Today regulatory environment, an English employees are Belizean as we have fish farming for a wide array of tion and production of delicate tropi- Bluecadia's farming operations con- legal system, a willing, diligent and not been in the necessity to bring cal fruits and vegetables which » fish species. sist of three farms, two hatchery sites, hard-working workforce and mana- expatriates to manage our business. We have been reinvesting in Belize require consistently high tempera- Mr. John Smith and a modern processing facility. gerial talent. tures and levels of humidity. because the country offers a stable and predictable business envi- ronment and a pro-investment gov- ernment. » Craig Wheeling Chairman Agribusiness The positive experience of current investors in the A 300 day annual growing season,an average water agribusiness area is probably the most convincing temperature of 27°C (81°F) with low temperature evidence that can be provided to future investors volatility,and the country’s position within the 5% about the potential of the agribusiness sector. hurricane landfall probability belt,make climatic Companies such as Brooks Tropicals,a leading U.S. conditions favourable for a variety of aquaculture fruit company; Marie Sharp’s,Belize’s most recog- production methods. nized exporter of hot pepper sauces; Green & Belize’s agribusiness is producing high quality prod- Black’s,U.K.’s top-notch specialty chocolate manu- ucts that are being differentiated in the main con- facturer and Bluecadia,a U.S. aqua-culture investor, sumer markets and are therefore benefiting from are taking advantage of Belize’s Natural Niche in premium treatment in these niche markets. developing their businesses. Belize is particularly well positioned for organic and Because these investments are targeting the export eco-labelled production,as the conversion process market,Belize’s proximity to major North American from conventional to certified cultivation is facili- markets has allowed these companies to easily tated by farmers’ low reliance on prohibited fertil- access North American consumers. Belize’s ACP/EU izers and pesticides. Production of vegetables such membership allows certain exports to the EU to as hot peppers,tomatoes,sweet peppers,cabbage, receive preferential treatment such as duty free onion,broccoli,celery and cauliflower has reached and quota free access. In 2005 the Marie Sharp’s sufficient quantities to where organic certification expects to export over 80% of its products to the has high potential. The Belize Organic Producers U.S. and to Europe. Association (BOPA) has prioritized mango,cashews, But Belize is also an attractive investment location and papaya as those crops with greatest potential for agribusiness because high quality productive for organic cultivation. Other fruits produced by land is available for a large range of agricultural Belize with potential for organic certification are products and there is an abundant reserve of sour apples,avocados,pineapples,citrus and marine resources such as lobster,Tilapia,Bay Snook, coconuts. shrimp,conch and various deep-sea fish. Belize provides a natural niche for investors that are Belize is just starting to develop its aquaculture looking for a location that will allow them to brand, potential and there is an increasing demand to differentiate and niche market their products. invest in this export-oriented sector. Marine exports represent the second fastest growing export prod- uct in Belize: growing at an average rate of 13% between 1990 and 2002; compared to 4% growth in aggregate exports during the same period.
    • Atlantic International Bank Belize’s legislation for international « We are witnessing a growing or offshore banking operations can interest to establish international be described as strict enough to banking operations in Belize.At this avoid «fly by night investors». Our time, eight international banking bank was established five years ago licenses have been already issued and the growth of our financial oper- and we expect this number to ations confirms that Belize is a good increase in the short term. jurisdiction for an international banking operation. » Ricardo Pelayo Assistant General Manager Services DataPro e-Business Park International Financial Services DataPro e-Business Park is the region's premiere Belize’s favorable legislation for offshore financial infrastructure provider for enterprises with mis- service providers,high integrity standards,emerg- sion-critical,offshore e-Business operations: offers ing domestic financial industry,and proximity to state-of-the-art office space (60,000 square feet American,Mexican and Canadian markets,create area build-to-suit),communications with modern the platform off of which the county’s offshore utilities and a built-in fiber-optic link to a Network financial services industry has grown. Since 1990 Operations Center and ancillary services tailored to more than 25,000 offshore businesses or trusts have the needs of companies that wish to take advan- been registered in Belize. tage of the unique e-Business opportunities created The 1990 International Business Companies Act (IBC by the fusion of a Free Trade Export Processing Act) guar-antees owner’s confidentiality,security Zone,traditional offshore financial services,and the and privacy and provides tax exemption for all of an latest information Technologies. The Park is IBC’s income and dividends. The International equipped for those companies that wish to expand Financial Services Commission (IFSC) provides the or relocate their operations to a secure and stable institutional framework for shaping government offshore location that offers exceptionally attrac- policies on the regulations and professional stan- tive fiscal incentives,security,and privacy. dards of such services. Companies that locate at DataPro benefit from: The Commission created a supervision unit known as the Financial Intelligence Unit in 2002. The IFSC .100% exemption on all taxes and import duties is also responsible for collecting,sorting and for computer equipment,software,furniture, disseminating reliable and timely information to and all other materials and equipment needed to those seeking market research on these services. operate your e-business. As anti-money laundering and anti-terrorism com- .100% exemption on taxes relating to the impor- pliance becomes of greater importance to the inter- tation of a company vehicle and vehicle parts. national community,offshore industries able to .100% exemption on income tax maintain integrity will be become more attractive .100% exemption on capital gains tax to investors. Belize is one of a few locations to have .100% exemption on sales tax and value added tax. enacted Code of Conduct legislation,whereby alle- gations of illegal activities must be formally report- ed. The Code of Conduct legislation has benefited Belize’s offshore financial services industry by assur- ing customers that by monitoring and enforcing professional standards the industry’s integrity will be maintained. Client verification procedures such as the Know-Your-Customer approach have been introduced to further assure the industry’s stan- dards. A list of service providers can be found on the IFSC website: www.ifsc.gov.bz.
    • Making business happen Belize Trade and Investment Development Service works to help international and local investors in establishing and developinga business in Belize. Belize has a very attractive value proposition for the niche-oriented investor. We aspire to attract quality-driven players who value the pro-business environment , our competitive investment climate, favorable export location and infrastructure. Ten reasons to invest in Belize 01 A strong democracy 02 Minimal red tape 03 Environmentally friendly legislation Preferential market access to Europe,Canada, 04 the USA and the Caribbean Short distance to major US markets: 05 Two hour flight to and from Miami, New Orleans,and Houston Adjacent to fairly large Central American 06 markets and has bilateral trade agreements with neighboring countries. All-weather roads linking major towns 07 and ports. 08 Relatively low- cost labour and energy. Best land and sea conditions for producing 09 specialty tropical foods. A combination of natural factors like climate, the longest barrier reef in the Western 10 Hemisphere,numerous islands,excellent fishing,safe waters for boating,jungle wildlife, and Mayan ruins,supporting a high-end tourist industry. Know more on investing in Belize at www.belizeinvest.org.bz or consult our BIG Belize Investment Guide.
    • Main Office 14 Orchid Garden Street Belmopan City, Belize Central America Telephone (+501) 822 3737 822 0175 Fax (+501) 822 0585 Belize City Office 1st Fl. Central Bank Bldg. Gabourel Lane Belize City, Belize Telephone (+501) 223 1913 Fax (+501) 223 2464 beltraide @ belizeinvest.org.bz belizeinvest.org.bz