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Belize Introduces Amendments to Standardize Fiscal Incentives for Major Investments by High Investment Companies

24 September 2024

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Approved Changes

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Belize

The National Assembly of Belize has published a copy of the Fiscal Incentives (Amendment) Act 2024, which was originally published in the Official Gazette on 17 August 2024. The Act introduces a new section (Part IIA) to standardize incentives for major investments of at least USD 250 million in projects implemented by a "high investment company".  A "high investment company" means an approved enterprise that implements a project that meets the investment requirements and includes all successors in the title of that approved enterprise. The incentives that may be granted to a qualifying high investment company include exemptions from: Import duty...