The Belize Trade and Investment Development Service (BELTRAIDE) is pleased to announce the “Micro-Enterprise Utility Start-up Package” for the promotion, strengthening and support of the newly registered Micro Enterprise (ME). Micro Enterprise is defined as a business with:
a) less than 5 employees; or
b) less than $100,000 in annual sales; and
c) less than $50,000 in capital investment.
With the support of the Government of Belize, through its Office of Public-Private Dialogue, BELTRAIDE had partnered with the Belize Telemedia Ltd (BTL), Belize Water Services Ltd. (BWSL,) and Belize Electricity Ltd. (BEL) to make this initiative possible. These three key utility service providers will be offering attractive packages for new starts-up businesses. The packages will waive connection fees and deposits for these three utilities.
BWSL’s package offers a reduced rate on the security deposit to customers. BEL will waive new connection fees and the deposit for service under 200amps. Whereas, the BTL’s package will include free telephone and internet installation, unlimited weekly and weekends calling minutes for just $99 monthly, free white & yellow pages directory listing.
In order to be qualified for this program, the ME must submit only 4 documents to BELTRAIDE and its SBDCBelize. The documents to submit are: 1) A copy of Business Registration. This can be done at the Belize Company Registry in the City of Belmopan, at cost of $25; 2)A completed Business Plan/Concept; 3) A copy of the rental/lease agreement or proof of ownership; and 4) A financial statement or banker’s reference.
BELTRAIDE is urging our Micro Enterprises to take advantage of this one-year program. This program is design to assist you, the entrepreneur, in fulfilling the dream of successfully opening a business. For more information please contact BELTRAIDE at 822-3737/0175 or SBDCBelize at 223-3195 for additional information.