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Incentives

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”

Press Conference – Medical Tourism – Thursday, October 11, 2012


Medical Tourism

Medical Tourism Draft Proposal Ready, All On Board
2012-10-11
The consultations on medical tourism have been going on for the last three months. And now the consultant has come up with what’s called a draft sector strategy – which means consultation is finished – and now the work comes to crafting the policy document. The various stakeholders held a final consultation followed by a press conference in Belize City today – and here’s what they said:..

Mike Singh, CEO – Trade and Investment
“As we discussed in the meetings the vision of the government is to develop an industry that will create employment job opportunities, secondly, will afford us technology transfer to create the kind of knowledge jobs that Belize needs and also improve for Belizeans healthcare that right now is being exported. A lot of our Belizeans healthcare recipients actually travel to places like Merida, Guatemala and Miami for medical attention.”

Massimo Manzie, Consultant
“This has been 3 months that we will be in Belize to analyze the competitiveness environment that Belize has. Belize has a lot to offer to medical tourist. This is a renowned retirement destination – a natural tourism destination. This is a place where people really like to come; this is an English speaking country – a country that is not facing the same communication problems that other problems in Latin America that are willing to receive patients are facing.”

Continue reading “Press Conference – Medical Tourism – Thursday, October 11, 2012”

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