Promote:
Invest in Belize
A short guide for companies expanding into Belize: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Belize at a glance
PopulationEstimate
422,924
The population was 422,924 in 2025.
Source: World Bank WDI, Belize population, 2025 (opens in a new tab) · as of 2025
GDPEstimate
US$3.33 billion
Gross domestic product was US$3.3265 billion in 2025, in current United States dollars.
Source: World Bank WDI, Belize GDP, 2025 (opens in a new tab) · as of 2025
GDP per personEstimate
US$7,865
Gross domestic product per person was US$7,865 in 2025, in current United States dollars.
Source: World Bank WDI, Belize GDP per person, 2025 (opens in a new tab) · as of 2025
Real GDP growthEstimate
2.7%
Real GDP growth was 2.7 percent in 2025.
Source: World Bank WDI, Belize real GDP growth, 2025 (opens in a new tab) · as of 2025
Inflation
4.7%
Consumer prices were 4.7 percent higher in September 2026 than in September 2025, the Statistical Institute reports.
Source: Statistical Institute of Belize, CPI and trade release, September 2026 (opens in a new tab) · as of September 2026
Foreign direct investment inflows
US$40.1 million
Foreign direct investment inflows were US$40.071 million in 2025.
Source: UNCTADstat, Belize foreign direct investment inflows, 2025 (opens in a new tab) · as of 2025
The currency is the Belize dollar (BZD).
Source: Central Bank of Belize, exchange control page (opens in a new tab) · as of October 30, 2026
2. Before you set up
The investment agency, any one-stop route, the sectors reserved for nationals and the zones, as the guide found them.
BELTRAIDE is Belize's national investment promotion agency, through its BelizeINVEST unit.
Source: BELTRAIDE, agency description page (opens in a new tab) · as of October 30, 2026
Belize has no one-stop shop for investors yet; the government says a Single Investment Window should roll out around 2028.
Source: WTO Trade Policy Review, Belize government report, March 2026 (opens in a new tab) · as of March 30, 2026
The WTO Secretariat reports that foreign investment is restricted only in marine fishing licenses and in tour operations.
Source: WTO Trade Policy Review, Belize Secretariat report, March 2026 (opens in a new tab) · as of March 30, 2026
Commercial free zones run under the Free Zones Act, and Designated Processing Areas under Act No. 27 of 2018; no official list or count of either is published.
Source: BELTRAIDE, investment incentives page (opens in a new tab) · as of October 30, 2026
3. Steps to set up
The main steps, in order, each with the body responsible and its official page.
Setting up in Belize
- Incorporate the company with the registry; a foreign company or one with foreign participants uses a licensed registered agent.Belize Companies and Corporate Affairs RegistryOfficial page (opens in a new tab)
Source: BCCAR, company incorporation page (opens in a new tab) · as of October 30, 2026
- Register the business with the tax service to get a Taxpayer Identification Number through the IRIS Belize system.Belize Tax ServiceOfficial page (opens in a new tab)
Source: BELTRAIDE, business tax registration page (opens in a new tab) · as of October 30, 2026
- Give the Central Bank prior written notice of any share transfer to a non-resident, and attach its confirmation to the company filing.Central Bank of BelizeConfirmation of notice is emailed within 24 hours.Official page (opens in a new tab)
Source: Central Bank of Belize, share and capital investment notice page (opens in a new tab) · as of October 30, 2026
- Apply for a trade license from the city council or town board where the business will operate.City Council or Town BoardOfficial page (opens in a new tab)
Source: BELTRAIDE, trade license registration page (opens in a new tab) · as of October 30, 2026
Show 5 more set-up steps
- Apply to BELTRAIDE if your project qualifies for the Fiscal Incentives or Designated Processing Areas program.Belize Trade and Investment Development ServiceOfficial page (opens in a new tab)
Source: BELTRAIDE, BelizeINVEST page (opens in a new tab) · as of October 30, 2026
- Apply at the Labour Department for a temporary employment permit for foreign staff; the Immigration Office issues it after approval.Ministry of Immigration, Governance & LabourThe Labour Department calls within 30 days with a decision.Official page (opens in a new tab)
Source: Belize Immigration, temporary employment permit page (opens in a new tab) · as of October 30, 2026
- Give the Central Bank prior written notice of any land transfer between a resident and a non-resident.Central Bank of BelizeConfirmation of notice is emailed within 24 hours.Official page (opens in a new tab)
Source: Central Bank of Belize, transfer of land notice page (opens in a new tab) · as of October 30, 2026
- Open a company bank account; each signatory gives two banker's references and the bank asks for incorporation documents.Commercial banksOfficial page (opens in a new tab)
Source: BELTRAIDE, bank account establishment page (opens in a new tab) · as of October 30, 2026
- Request an XCH1 permit from the Central Bank when you need to buy foreign currency for current or capital payments.Central Bank of BelizeProcessed within one business day when complete.Official page (opens in a new tab)
Source: Central Bank of Belize, foreign exchange permits page (opens in a new tab) · as of October 30, 2026
4. Organizations that help investors
Start with BCED. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
Investment and business setup
- Meet requirements
Company registry
BCCAR
Belize Companies and Corporate Affairs Registry
Registers companies, business names and partnerships through its online system; foreign participants use a licensed registered agent.
Visit BCCAR (opens in a new tab)Source: BCCAR, company incorporation page (opens in a new tab) · as of October 30, 2026
- Meet requirements
Central bank and exchange control
Central Bank
Central Bank of Belize
Approves foreign exchange permits and takes notice of share and land transfers involving non-residents.
Visit Central Bank (opens in a new tab)Source: Central Bank of Belize, exchange control page (opens in a new tab) · as of October 30, 2026
Show 5 more organizations
- Meet requirements
Immigration and work permits
Immigration
Ministry of Immigration, Governance & Labour
Publishes visa, residence and temporary employment permit rules; work permit applications start at the Labour Department.
Visit Immigration (opens in a new tab)Source: Belize Immigration, temporary employment permit page (opens in a new tab) · as of October 30, 2026
- Get advice
Duty-free zone operator
Corozal Free Zone
Licenses businesses in its duty-free zone in Corozal District and lists its application steps and incentives.
Visit Corozal Free Zone (opens in a new tab)Source: Corozal Free Zone, official page (opens in a new tab) · as of October 30, 2026
- Find finance
National development finance institution
DFC
Development Finance Corporation
Lends to Belizean and resident businesses in sectors such as agriculture, tourism, small business and energy.
Visit DFC (opens in a new tab)Source: Development Finance Corporation, home page (opens in a new tab) · as of October 30, 2026
- Meet requirements
Social security administrator
Social Security Board
Registers employers and workers and runs benefits such as sickness and maternity payments.
Visit Social Security Board (opens in a new tab)Source: Social Security Board, home page (opens in a new tab) · as of October 30, 2026
- Meet requirements
Intellectual property registry
BELIPO
Belize Intellectual Property Office
Registers patents, trademarks, copyright and industrial designs for Belize.
Visit BELIPO (opens in a new tab)Source: Belize Intellectual Property Office, home page (opens in a new tab) · as of October 30, 2026
Customs and tax
- Meet requirements
Customs authority
BCED
Belize Customs and Excise Department
Applies customs procedures for trade facilitation, security and revenue collection, and publishes the national tariff.
Visit BCED (opens in a new tab)Source: Belize Customs and Excise Department, home page (opens in a new tab) · as of October 30, 2026
- Meet requirements
Tax authority
BTS
Belize Tax Service
Registers businesses for tax and issues Taxpayer Identification Numbers through the IRIS Belize system.
Visit BTS (opens in a new tab)Source: BELTRAIDE, business tax registration page (opens in a new tab) · as of October 30, 2026
Chambers and industry associations
- Get advice
National chamber of commerce
BCCI
Belize Chamber of Commerce and Industry
Runs the Made in Belize trade shows and publishes trading information, policy tracking and member services.
Visit BCCI (opens in a new tab)Source: Belize Chamber of Commerce and Industry, home page (opens in a new tab) · as of October 30, 2026
5. Worth knowing
Single window timing
Belize has no single window yet; work on the trade single window began July 29, 2026, and the government told the WTO both windows should roll out around 2028.
What to do: File on paper and in ASYCUDA World for now, and check the customs and BELTRAIDE notices for the new platforms.
Sources: Belize Press Office, electronic single window launch, July 2026 (opens in a new tab); WTO Trade Policy Review, Belize government report, March 2026 (opens in a new tab) · as of July 31, 2026
Climate and water
The WTO review calls Belize acutely vulnerable to hurricanes and flooding, which threaten agriculture, fisheries, tourism and infrastructure.
What to do: Schedule insurance, stock and delivery dates around the hurricane season.
Source: WTO Trade Policy Review, Belize Secretariat report, March 2026 (opens in a new tab) · as of March 30, 2026
Reserved sectors
Fisher's licenses are for citizens and permanent residents, and a tour operator license needs majority ownership by Belizeans or permanent residents.
What to do: Check the Fisheries Department and the Belize Tourism Board before you start a fishing or tour business.
Sources: WTO Trade Policy Review, Belize Secretariat report, March 2026 (opens in a new tab); Belize Tourism Board, tour operator license requirements (opens in a new tab) · as of October 30, 2026
Exchange control notice
Share transfers to non-residents and land transfers between residents and non-residents need prior written notice to the Central Bank.
What to do: Send the notice before you close the purchase and keep the confirmation with your records.
Sources: Central Bank of Belize, share and capital investment notice page (opens in a new tab); Central Bank of Belize, transfer of land notice page (opens in a new tab) · as of October 30, 2026
Show 3 more
Trade license reform
A 2024 act replaced the old trade license, but the WTO review says the new regime was not fully in place by the end of 2025.
What to do: Ask the city council or town board which fee rules apply to your premises.
Source: WTO Trade Policy Review, Belize Secretariat report, March 2026 (opens in a new tab) · as of March 30, 2026
One incentive at a time
Companies may take part in only one incentive program at a time, and investors report wide discretion in how applications are handled.
What to do: Compare the Fiscal Incentives, Designated Processing Areas and free zone terms with BELTRAIDE before you apply.
Source: WTO Trade Policy Review, Belize Secretariat report, March 2026 (opens in a new tab) · as of March 30, 2026
Public debt and arrears
The IMF reports public debt of 61.1 percent of GDP in 2024, down from 103.3 percent in 2020, and wants it below 50 percent.
What to do: Check the latest fiscal data before you sign long contracts that depend on government payments.
Source: IMF, Belize 2025 Article IV press release, September 2025 (opens in a new tab) · as of September 15, 2025
6. How Promote:Global helps
- Compare Belize with other countriesSet Belize beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
- Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
Turn this guide into your Belize project.
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Promote:Belize is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of October 30, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.