Registering a company in Belize can be considered a generally painless process. Most of the systems used in Belize are computerized which definitely increases efficiency and reduces the amount of time it would take if the system were entirely manual. There are many business opportunities in Belize, but tourism is by far one of the highest ranking. Belize is a small country in Central America bordered by Mexico and Guatemala. The country’s small size is a great advantage for tourism as one can cross from one end to another easily by road.
If there is interest in registering a tourism related business that accommodates, the following procedures have to be followed. If constructing, the procedures include getting a lot plan and requesting for a building permit from the Central Building Authority. After that have a foundation and city council inspection done and obtain an occupancy permit. Following that is an electricity inspection and connection of power and lastly connection of the telephone lines and water.
1. After construction and before the presentation of an application to the Belize Tourism Board, the procedures for company registration must be followed. After conducting a name search, the Memorandum of Association and Articles of Association is presented to Registry of Companies a trade license will be issued. Registration at the income tax department and the general sales tax department is required. Employees will need to be registered at the Social Security Board.
2. For those registering for the first time, a license application form must be completed. The fee charges is BZ $ 25 (non-refundable) and BZ $ 5 for each bedroom.
3. The Registrar then verifies the application and confirms through a report made after a site inspection with regards to adherence to the set standards as prescribed for hotel and tourist accommodation.
4. The rules and regulation of the Hotel and Tourism Accommodation Act are then highlighted to the prospective person involved in the daily running of the business. If this is not done, a hotel and tourism accommodation license will not be issued.
The following documents should be kept on hand, as they may be request to be submitted them attached to the application. They include permit to use the building as a hotel or tourism accommodation premises, the Company of Incorporations Certificates, the Articles of Association and Memorandum of Association, passports, work permits for non-residents, a valid trade license, a valid liquor license, food handling and establishment certificate and a service charge distribution scheme.
The rules above apply for any tourism accommodation and includes condominiums, guest houses, villas, apartments, camping sites, yacht and other sea vessels, lodges, religious and educational facilities, and inns. Remember property tax and land tax are charged annually depending on the rent paid for the property and the acreage of the land. The price incurred to establish a tourist facility depends greatly on the location, the size of the facility and the materials that would be used for construction of the said facilities with this being calculated as a percentage of the rental value.
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