HEARD ABOUT THE FISCAL INCENTIVES PROGRAM? No?
One of Belize’s Government Incentives in stimulating productive economic activities is the Fiscal Incentives Program. The Fiscal Incentives Program aims to encourage legitimate investment in Belize for both existing and prospective investors through the granting of duty exemptions on imported items for your business. So what is the Fiscal Incentives Program exactly?
Recognizing that Belize was faced with the inevitable loss of preferential markets for its traditional exports, the Government of Belize created the Trade and Investment Promotion Service (TIPS) in 1997. TIPS was created to provide investors with trade and investment information as well as to facilitate business processes. In 1998, TIPS was renamed the Belize Trade and Investment Development Service (BELTRAIDE) and given a wider mandate. The vision was for BELTRAIDE to operate as a one-stop-shop where local and foreign investors could access technical information important for the successful implementation of their projects.
