Belize offshore tax haven International Services trust, business, companies, investments, retire, banking

Jurisdiction Info >>

Advantages of An Export Processing Free Zone Status

Exemption of Duty on all imports and exports
Exemption from taxes such as capital gains, general sales tax and consumption taxes, foreign exchange and transfer tax
Tax Holiday of 20 years
Exemption from Supplies Control Act and its regulations
No Trade License or license for imports/exports by a business in the EPZ
Dividends paid by an EPZ are exempted from taxes for the lifetime of the business
US Dollar account can be opened (Request Requirements)

Requirements for an Export Processing Zone Status

Have a Belize Local Corporation exclusively for EPZ Application (Request Requirements)
Business must be in the areas of trade concentrating on manufacturing and non-traditional agricultural products
Business must submit application to the Ministry of Investment & Trade for a Certificate of Compliance from the Export Processing Zone Committee (EPZC)
Business must own or lease property within a designated Export Processing Zone
Business must not endanger the environment
Business Plan is required (Request Requirements & Outline)
- Includes: Physical Master Plan, Management & Staff Organization, Proposed Construction Schedule, Financial Projection for next 5 years, Capital Cost Estimate along with two bank & one commercial reference letters for business and its principals

Note: If you would like to purchase or lease land or building within an Export Processing Zone, let us know and we will get information for you.

Time Period

The time period depends on the information and documents given to us.

FEES
Our fees for the preparation, submission and follow up of your application is US $75.00 per hour plus out of pocket expenses including international and local courier, travel/transportation, telephone, etc.

A deposit of US $1,000.00 is required for us to review your project, which should include a preliminary business plan and financial statements. This fee also covers contacting the government in order to receive a preliminary approval to proceed with submitting your application for a EPZ.

You will also need to pay US $750-$1,000 to have the financial statements and projections certified by a CPA such as Pannell Kerr Forster, plus other incidental fees.

Separate fees will apply for a Local Company, IBC, US Dollar Account, Real Estate Services and CPA Services.

Back to investment services