Fiscal Incentives Application Support
The purpose of the Fiscal Incentives Program is to encourage investment in Belize by easing the cost of startup for new companies through duty exemption for the first years of operation. The company submits its application package to Beltraide and Beltraide requests a letter of support from the Ministry of Tourism and Civil Aviation for startup companies in the tourism industry. The Ministry of Tourism and Civil Aviation facilitates the process by reviewing applications and ensuring that the company submits all required information. The Ministry of Tourism and Civil Aviation is then required to write a letter to the Ministry of Finance supporting or not supporting the application.
The Ministry of Tourism and Civil Aviation also encourages stakeholders to consider financing mechanisms provided by the Development Finance Corporation. To find out more about financing opportunities provided by the DFC, kindly click image below: