Belize Trade and Investment Development Service (BELTRAIDE), represented by our Executive Director, Dr. Leroy Almendarez, met with Ms. Margaret Juan, Chargé d’affaires at the Embassy of Belize in El Salvador, Ms. Jenny G Iglesias Zablah and Sr. Tariq Othman Fakhroo, officials from The State of Qatar today to discuss the exploration of new investment avenues in Belize.
This meeting sought to identify key areas of business interest in Belize that would generate the most investment and also discussed the plan to have two investment missions between Belize and Qatar to propel this initiative.
BELTRAIDE continues to enhance Belize’s prosperity by fostering investor confidence, entrepreneurship, business growth and innovation by enabling a dynamic and competitive business environment for Belize’s Socio-economic development.
BELTRAIDE, in partnership with McNab publishing launched Volume 4 of the Invest Belize Magazine on November 2, 2015. Since 2012, the Invest Belize magazine published by BELTRAIDE serves as an effective promotional platform for Belize, showcasing business success stories and investment opportunities. This platform has enabled businesses in Belize to be seen by thousands of readers every year both nationally and internationally.
The publication’s objective is to provide investors with firsthand information on Belize inclusive of up to date statistics, articles, success stories and ads of projects and services being offered by Belizean enterprises, thus truly enabling a one-stop-shop for matchmaking and promotion! BelizeINVEST, the unit of BELTRAIDE charged with investment generation and aftercare, specifically champions the magazine by including it in investment packages presented at various international trade shows, expos as well as a strong presence at our foreign offices through the diplomatic core. In essence, the publication is a global one placing Belize on the map while targeting specific projects and investments within the priority investment sectors.
BelizeINVEST has catalyzed the elevation of Standard & Poor’s sovereign rating for Belize to “B-/Positive/B.” FDI Intelligence’s Caribbean and Central American countries of the future 2015/2016 also awarded Belize for ranking in the Top 10 for best FDI strategy and cost effectiveness, attesting to Belize’s innovative efforts and increasing competitiveness within the region. A part of this innovation being the Invest Belize magazine of course!
Belize continues to remain on a strong growth trajectory for investment. We continue to provide ample business opportunities and favourable rates of return to investors both local and foreign that seek to capitalize on a given venture in Belize.
The government of Belize aims to provide an enabling environment for private enterprise, to attract investments in Belize by both local and foreign investors. A series of legislation was enacted in the early 1990s to allow for a range of incentives for those looking to invest in Belize. The conditions to qualify for the different incentives vary, as do the investment incentives themselves–e.g., a tax holiday, or import duty exemption, or a combination of both. Benefits, however, are dependent upon the type of incentive awarded to the potential investor.
Export-oriented activities, which lead to increased employment, and the development of local, technological infrastructure, are particularly favorable to the authorities. The government supports joint venture and partnership investments as a preferred mechanism, however it also allows 100% foreign ownership of an enterprise. Importation of highly skilled personnel to compliment the Belizean labor force is facilitated providing that appropriate training programs for nationals are established. Generally, the government hopes to see one local counterpart assigned for every skilled foreigner employed by the company.
What is important to the investor? What motivates an investor when making strategic decisions? What characteristics does an investor seek when choosing a country to invest in, or a company to partner with? These are some of the questions to bear in mind when searching for potential investors.
In order to attract potential investors, there are four key steps that must be followed. First, the interested party must research and understand the daily operations of the industry; second, target companies must be identified; third, a thorough research of the company must be conducted; and the fourth step involves identifying a target individual. The driving forces of the sector must be thoroughly understood as well. All these steps combined increases the chances of successfully attracting an investor. Continue reading “What motivates an investor when seeking new markets?”→