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Incentives


Invitation Final Working Session of BMTA


EICf Innovation Open Call

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””

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

SBDCBelize- Its Here, Its Real, and Its Opened to the General Public!


Do you have the idea of starting  your own business? Or are you an established business that simply needs ideas on how you can improve?

At approximately 8:00a.m., this Thursday morning, all the buzzing stopped and the work began, when Belize’s First Small Business Development Center(SBDCBelize) opened to serve the general public.

The center will administer customized needs- based services to Micro, Small and Medium Enterprises, in order to facilitate their competitiveness and export readiness.

SBDCBelize will provide advisory services and training on:

  • How to start a business
  • How to develop a business plan
  • Getting access to finances, and managing finances effectively
  • Engaging in marketing and sales
  • Managing human resources

Visit SBDCBelize Today, we are located in Belize City, at the University of Belize Campus,  Faculty of Business Studies, West Landivar. Don’t have the time to stop by, then give us a call, at 223-3195, or send us an email: sbdc@belizeinvest.org.bz

SBDCBelize: Making Small Business Happen

Belize’s Small Business Development Center Now a Reality!


SBDC_2October 26th, 2012

  TheBelize Trade and Investment Development Service (BELTRAIDE), in partnership with the University of Belize, The Institute for Technical and Vocational Education and Training (ITVET), the Development Finance Corporation (DFC), The Belize City Council, with the kind assistance from The University of Texas at San Antonio (UTSA), and the Organization of American States (OAS), is pleased to announce the launch of Belize’s first Small Business Development Centre. The launch will be held on Wednesday, October 31, 2012 at the Radisson Fort George Hotel, Cahal Pech Room, at 2:00p.m. Present at the Launch will be various local officials and stakeholders and representatives from UTSA and OAS, who are integral partners in this initiative.

BELTRAIDE engaged in extensive research to effectively evaluate the success of the SBDC model in United States of America, Mexico and Central America, and restructured the model to make it applicable to Belize. Over the past months, multiple trainings were conducted with several stakeholders. This initiative strengthened the readiness of Belize in establishing the center. SBDC Belize will offer the necessary business support to MSMEs, facilitating their competitiveness, export readiness; henceforth, assisting them to develop their competences. Continue reading “Belize’s Small Business Development Center Now a Reality!”

BELTRAIDE Launches New Website


 BELTRAIDE Launches New Website

 October 18, 2012 – In an effort to continuously promote Belize and offer reliable and updated trade and investment information, the Belize Trade and Investment Development Service (BELTRAIDE), has re-designed its website, www.belizeinvest.org.bz. This new and improved website supports BELTRAIDE’s strong brand recognition, enhances awareness of Belize, and creates a portal to other useful websites.

The website features a clean design with organized descriptions covering the breadth of Belize’s priority sectors, the purpose of investing in Belize, the procedures to establish a business in Belize, resources, export development, and other updated and relevant information.  Additionally, the website incorporates modern tools such as social media, and other user user-friendly features. Continue reading “BELTRAIDE Launches New Website”

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