Search

Category

Policy and Strategy

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””

Advertisements

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

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”

The First Step To Establishing Medical Tourism In Belize


Belize has once again identified another gateway to attracting more visitors, and investors to our country, which is, through the emergence of Medical Tourism. With this being said, the Inter-American Development Bank (IADB) and the Belize Trade and Investment Development Service (BELTRAIDE), will be having the first ever workshop on Medical Tourism in Belize; with the purpose of developing a country profile. This workshop will be held on August 3, 2012, from 8:30 a.m.- 12:00 p.m., at the George Price Center, in the City of Belmopan.

Mr. Massimo Manzi, the IADB Consultant, and the Executive Director of the Council for International Promotion of Costa Rica Medicine (PROMED) will be the moderator at this workshop.  Topics to be discussed include, the global industry of medical tourism; key elements for a successful country strategy; and Belize’s way to medical tourism.

If you are interested to be a part of such initiative, please feel free to contact Ms. Ruby Pascascio, Projects Officer at ruby@belizeinvest.org.bz, or Ms. Florence Cayetano, Public Relations Officer, at florence@belizeinvest.org.bz for further information.

Belize Trade and Investment Development Service (BELTRAIDE)
14 Orchid Garden St., City of Belmopan, Cayo District, Belize
Tel: 501-822-3737
Fax: 501-822-0595
Email: beltraide@belizeinvest.org.bzpublicrelations@belizeinvest.org.bzWeb Address: www.belizeinvest.org.bzFind us in Facebook:www.facebook.com/beltraide
Blog: www.belizeinvest.netYoutube:www.youtube.com/belizeinvest

Notice: The Belize National Standard Specification for Filling, Handling, Storage, Transportation and Location of Portable Cylinders for Liquefied Petroleum Gas.


STANDARDS ACT (NO. 4 OF 1992)

DECLARATION OF NATIONAL STANDARD AND INTENTION TO DECLARE A STANDARD TO BE A MANDATORY STANDARD

THE BELIZE BUREAU OF STANDARDS hereby declares, pursuant to Section 8 of the Standards Act (No. 4 of 1992) that as of June 28th, 2012, the following standard shall be a national standard, namely: the Belize National Standard Specification for Filling, Handling, Storage, Transportation and Location of Portable Cylinders for Liquefied Petroleum Gas.

AND NOTICE IS HEREBY GIVEN that the Minister responsible for standards and standards related matters, the Hon. Erwin Contreras, intends to declare the BELIZE NATIONAL STANDARD SPECIFICATION FOR FILLING, HANDLING, STORAGE, TRANSPORTATION AND LOCATION OF PORTABLE CYLINDERS FOR LIQUEFIED PETROLEUM GAS to be a mandatory standard with effect from the 10th of August, 2012. Continue reading “Notice: The Belize National Standard Specification for Filling, Handling, Storage, Transportation and Location of Portable Cylinders for Liquefied Petroleum Gas.”

Blog at WordPress.com.

Up ↑

%d bloggers like this: