ADVANTAGES OF A BUSINESS PLAN

• Submit to your bank to secure a loan or additional financing

• Give to prospective investors who wish to purchase shares

• Financing for expansion and general improvement of your business

• **To submit to the government together with the Fiscal Incentive/Development Concession Application, Export Processing Zone Application or Commercial Free Zone Application

• **To submit to the Belize Tourism Board together with the application for Hotel License

• For Suppliers and Creditors

DOCUMENTS REQUIRED

• **Corporate documents for your company (Certificate of Incorporation, Memorandum & Article of Association, Resolution of Directors, etc.)

• Résumés of the Management Team

• Résumés, References and Copy of Passport of the Owners

• Lease Agreement, Purchase Agreement or Land Title

• Beginning Balance Sheet (for New Businesses)

• Audited or Unaudited Financial Statements (for the last 3 Years)

• **Permits and License Required (Depending on the type of business)

• Insurance Policies for the business

OTHER INFORMATION REQUIRED

• Description of Business

• Product/Services/Pricing

• Target Market/Competitors

• Marketing Promotion and Advertising

• List of Assets, Equipment and Machinery

• Number of Employees

• ** Work Permits for foreign directors/managers

• Projected Profit and Loss Statement (3-5years)

• Projected Cash Flow (3-5 years)

• Investments, Loans and Mortgages

• **Certified Projected Profit & Loss Statement and Cash Flow (3-5 years)

TIME PERIOD

45 to 60 days after receipt of the above documents and information

FEES

Our fee to prepare the Business Plan is US $75.00 per hour plus sales tax. This depends on the information provided to us.

A deposit of US $1,000.00 is required for us to review your project. After our review, we will prepare an outline for your business plan and will prepare a quote for our services.

Disbursements and other miscellaneous charges will be added to our fees. These include expenses incurred during the project, for example, traveling, telephone and photocopy expenses, etc.

OPTIONAL SERVICES

The following are additional services and are not included in our fees for the Business Plan. (See the items above with the asterisk.)

• Set up local company and provide corporate services

• Application for work permit

• Application for permits and licenses

• Audited certification of projections by a CPA

• Application for Fiscal Incentive/Development Concession, Export Processing Zone and Commercial Free Zone

• Application to secure loan from Financial Institutions in Belize

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