Why Belize?

Why Belize?

About Belize

The country of Belize is located on the East Coast of Central America, on the Yucatan Peninsula.  It is bordered to the North by Mexico, to the West and South by Guatemala and to the East by the Caribbean Sea.

Belize is the only English speaking country in Central America and has an approximate area of 9,000 square miles of land including more than 200 offshore cayes.  The current population of Belize is approximately 300,000 and comprises of a multi-racial makeup, which includes the Mestizo, Creole, Maya and Garifuna, these being the main ethnic groups with the Arabs, German/Dutch and Asians being the minority.

Belize is famous for its barrier reef because it is the longest in the Northern Hemisphere and the second longest in the world. The Central and Southwestern portion of Belize is proud of its high concentration of Maya Ruins that attract many visitors from all over the world and have them returning time and time again.

Belize is also home to an amazing array of flora and fauna. The national animal is the Baird’s Tapir which resembles an elephantine hippopotamus, and the national bird is the vibrant Keel-billed Toucan. The flower of Belize is the delicate black orchid and the country is also home to endangered species such as the green turtle, the scarlet macaw, the three-toed sloth and the manatee.

The Political System

The structure of government in Belize is based on the British parliamentary system, and the legal system is modeled on the common law of England. Belize has one of the most stable democratic Governments in Central America. The current head of state is Queen Elizabeth II of the United Kingdom, who, as Queen of Belize, is represented in the country by the Governor-General.

However, the cabinet which is led by the prime minister, who is head of government, exercises executive authority. Ministers of the Cabinet are members of the majority political party in parliament.

The bicameral National Assembly of Belize is composed of a House of Representatives and a Senate. There are thirty-one members of the House of Representatives who are popularly elected to a maximum five-year term and introduce legislation affecting the development of Belize. The Senate which consists of twelve members are appointed by the Governor-General with a Senate president selected by the members. The Senate is responsible for debating and approving bills passed by the House of Representatives. Belize is a full participating member of the Caribbean Community (CARICOM).

Currency

The local currency is the Belize dollar (BZD) and is fixed to the U.S. dollar at a rate of two Belize Dollars per U.S. dollar (BZD $2.00 to US $1.00).

The Economy

The traditional agricultural based economy has diversified with new emphasis and resources placed on tourism, manufacturing and offshore financial services. Belize through its multilateral relationships, is a signatory to the Caribbean Basin initiative, CaribCan and the Caribbean Free Trade Area, and is developing a manufacturing sector that is labor intensive and export oriented. On the border with Mexico, an excellent opportunity exists for utilizing the facility under the North American Free Trade Agreement to gain access to the United States, which is facilitated by modern highways.

Why choose Belize?

While Belize has achieved constant GDP growth in recent years through the expansion of tourism and increased export of seafood particularly lobster and shrimp, the government has placed equal emphasis on the Offshore Financial Sector. Since its independence, Belize has introduced some progressive legislation to attract international business and investments. Thus, creating a world-class environment for the incorporation of companies that wish to conduct legitimate business internationally all the while ensuring security and privacy.

Also,
•    Belize is 2 hours away from the United States mainland by air;
•    Provide sustainable investment opportunities;
•    Friendly and culturally diversified population;
•    Is the only English-speaking country in Central America; and
•    A bridge between Central America and the Caribbean.