Belize, a small Central American nation, attracts over a million tourists every year with beaches, lagoons, coral reefs, and Mayan ruins. The large port keeps the country busy and brings people from all over the globe. Geographical proximity and economic ties to the US open plentiful opportunities for life and business.

Few prospective business owners need a better reason to set up a company in Belize other than the 0% rate of corporate tax. To those enterprises looking to provide employment in Belize, the government offers additional incentives in the form of tax holidays as well as import and export duty exemptions. Further to that, it is very easy to start a business in the country and the process appeals especially to people who are accustomed to the red tape hurdles of the modern corporate world elsewhere.

Belize is a young market with plenty of untapped opportunities and developing industries. Tourism and agriculture are among major magnets of international capital. The oil industry, although facing its challenges, still presents interesting investment opportunities associated with the development of new extraction methods. Those looking for real-estates assets abroad will be attracted by the low property prices in Belize.

Key Facts

Location

Central America

Population

0.37 million

Neighbouring countries

Mexico, Guatemala

Average temperature (summer)

71°F (22°C)

Average temperature (winter)

80°F (27°C)

Languages

English

Form of government

Constitutional Monarchy

Corporate tax rate

0%

Currency

Belize dollar

GDP

$1.8 billion

GDP growth

1%

Inflation

1%

Unemployment rate

8%

Average salary

$9,600

Key industries

Financial Services, Tourism, Agriculture

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