Search

Category

Foreign Direct Investments

Launch of INVESTBelize Magazine Volume 6


_DSC9081The Belize Trade and Investment Development Service (BELTRAIDE) launched its Volume 6 of the Invest Belize Magazine, a signature piece which encapsulates business opportunities in Belize; under the theme, “Our Green Economy, Your Trade Opportunity”. In the continued quest to promoting long-term development, the Volume 6 magazine was printed on sustainably grown paper, with the intent to resonate sustainable and eco-friendly practices in the public and private sector. Continue reading “Launch of INVESTBelize Magazine Volume 6”

Micro-Enterprise Utility Start-Up Package – “An immediate relief measure for entrepreneurs and new starts-up”


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.

Continue reading “Micro-Enterprise Utility Start-Up Package – “An immediate relief measure for entrepreneurs and new starts-up””

Invest Belize: new magazine for foreign investment …Your Online Copy!!


A glossy new publication was officially launched January 30th, 2013. It is being published by Idea Labs and commissioned by BELTRAIDE. Invest Belize, as it is called, is geared exclusively to attract foreign investments that has dipped significantly in the past years. At the presentation today, Minister Godwin Hulse said the first issue won’t disappoint. News Five’s  was at the launch, to provide coverage on this exciting success!

Jose Sanchez reports:

Jose Sanchez, Reporting

Everyone knows the local magazine was designed to attract tourists to Belize but today BELTRAIDE launched the first of its kind to attract funding that would build the country. BELTRAIDE unveiled ‘Invest Belize.’

Beverly Burke

Beverly Burke, Director, Business Development, BELTRAIDE

“In the words of the Prime Minister of Belize, Honorable Dean Barrow, it is with great pride that I invite you to take a close look at an unusual opportunity to combine business and pleasure. This is the opportunity that investing in Belize has to offer. We are delighted and honored to have you all here knowing that you have taken valuable time to share in this great moment with us. We at BELTRAIDE, with the support of our ministry have owned the challenge of thinking outside the proverbial box that traditional limits to growth can be overcome via more creative and innovative thinking and partnering with those sharing similar vision. Invest Belize promise to take you inside Belize’s sectors and industries and provide the right information to the targeted audience, educate them about the products and services and move them closer to making informed decisions about investing in Belize.” Continue reading “Invest Belize: new magazine for foreign investment …Your Online Copy!!”

Request by Member States for the invoking of the Safeguard Mechanism


125px-Belize_COA.svgMinistry of Trade, Investment, Private Sector Development and Consumer Protection
Sir Edney Cain Building, Belmopan, BELIZE C.A.
Tel: (501)822-2832 /2833 Fax: (501) 822-2837
E-mail: foreigntrade@btl.net
_________________________________________________________
RE: CARI/25/01/12(65)
December 10, 2012

Request by Member States for the invoking of the Safeguard Mechanism
As per notification purposes, kindly find enclosed documents (click here to see documents) pertaining to the request for the invoking of the Safeguard Mechanism on ‘Shelled Peanuts’ by the Government of Barbados.
Kindly indicate by December 12, 2012, whether or not there are any known company who would be able to supply the above goods at quantities and specifications as indicated in attachment.

For further information contact the Directorate of Foreign Trade, Ministry of Trade, Investment Promotion, Private Sector Development, and Consumer Protection at 822-2832/2833

BELTRAIDE transitioning to ASYCUDA for Duty Exemption Processing


One of the main benefits for the investors utilizing the Fiscal Incentives Program is the duty exemption.  To be able to provide this service, BELTRAIDE needs to work hand in hand with the Belize Customs and Excise Department.  BELTRAIDE will commence training in early December 2012 to transition into using the ASYCUDA WORLD (Automated SYstems for CUstoms DAta); which is leading media software that Integrates Customs Information Systems in more than 80 countries.

ASYCUDA began with an UNCTAD initiative to reduce transaction costs throughout the trade transaction chain, with potential cost savings per annum of $100 billion worldwide. It will be used to generate statistical economic analysis, manifests and customs declarations, accounting procedures, and transit and suspense procedures.

Belize has proudly implemented the software at Punta Gorda and Big Creek since June and August 2010 respectively, Phillip Goldson International Airport since May 2011, Belize City in September 2011, Benque Viejo Customs Station since July 2012 and Santa Elena Customs Stations since August 2012.

BELTRAIDE will be providing Electronic Data Interchange (EDI) between Concession Holders and Customs. Once the due diligence of the Fiscal Incentive request is done, the System will automatically authorize or be flagged by a BELTRAIDE authorized personnel.  This should then speed up the process in getting your goods assessed by Customs within 1-3 business days given that all requirements are met.  Overall, this system will facilitate control of the import and exports in our country, Belize.

BELTRAIDE only accepts invoices for the processing of duty exemption request during this transition period.  Thereafter, invoices will need to be submitted by your customs broker who will then upload it to the ASYCUDA system for BELTRAIDE’s personnel to conduct due diligence and approve online.
Sources:

http://www.asycuda.org

http://www.customs.gov.bz/asycuda.html

http://www.customs.gov.bz/download/SAD_Process.pdf

Prime Minister’s Forum 2012- Opening Remarks by CEO, Ministry of Trade, Investment Promotion, Private Sector Development and Consumer Protection, Michael Singh


Good Morning Ladies and Gentlemen.

Dorian has done a good job of acknowledging our attendees, but I would like to go a bit further by giving special recognition to the members of the Economic Development Committee, often referred to as the EDC.  My co-chair, Ms. Kay Menzies, from the Private Sector, Mr. John Woods, Mr. Pat Andrews, Mr. Allen Reimer, Ms. Sue Courtenay, and from the Government, CEO Ms. Audrey Wallace, Mr. Alan Slusher, CEO Jose Alpuche, and CEO Sharman Hyde, and bringing it all together, Mrs. Amparo Masson, our Director of Public/Private Dialogue, who was also very instrumental in the planning of today’s event.  And of course a very warm welcome to everyone in attendance today.

Almost one year ago, we started something very special. We met in this very same room under the theme, “Turning the Corner”, from that gathering was born a new partnership between the private sector and government.  Over this past year, we have made great strides in building on this partnership.  Our EDC team has been meeting almost twice a month, and has been working tirelessly on developing an agenda for change. Often we had differing opinions, but we always agreed on one thing; that we all want best for Belize, and that together we have the power of change. Continue reading “Prime Minister’s Forum 2012- Opening Remarks by CEO, Ministry of Trade, Investment Promotion, Private Sector Development and Consumer Protection, Michael Singh”

Belize’s Path to Medical Tourism



Attendee/Author:  Ann Kuffner

There’s been considerable buzz about whether Belize is ready to dip a toe into the field of medical tourism. Tourism is the major source of revenue for this small country. Medical tourism could provide a significant boost in revenue for the country. But medical tourism is rife with potential pitfalls.  Recently the Inter-American Development Bank (IADB) and the Belize Trade and Investment Development Service (Beltraide) initiated the first step in this process. They held their first public workshop on August 3rd.  It was held at the George Price Center, in Belmopan.

The IADB hired a medical tourism expert to lay the groundwork to develop Belize’s sustainable medical tourism plan.  Their Costa Rican consultant, Mr. Massimo Manzi, moderated the recent workshop. He presented an overview of the study he’s leading.  Mr. Manzi is the Executive Director of ProMed (the Council for the International Promotion of Costa Rican Medicine).  He developed Costa Rica’s highly successful medical tourism model.  He now offers his expertise to other countries to assist in developing their medical tourism models.

Mr. Nicholas Ruiz, the Executive Director of Beltraide, opened the meeting. He talked about the attractive opportunities in medical tourism.  He repeatedly noted that Beltraide is committed to developing a sustainable medical tourism approach that will benefit Belize, and Belizeans.

“The over-riding idea is that we want Belizeans to participate in this industry.” Continue reading “Belize’s Path to Medical Tourism”

The Decision to Export!


Although exporting may seem simple, it requires you to do your homework! A company cannot venture into unfamiliar territory without knowing what to expect, the requirements, market needs and other factors.

In order to commence an export project, previous planning is required to determine the company’s capacity to assume the responsibilities acquired with foreign clients, verify infrastructure, personnel and technical-practical knowledge. The company must obtain a thorough understanding of the export mechanism, including the distribution and logistics procedures to understand and conquer the desired market. Continue reading “The Decision to Export!”

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: