Belize encourages foreign investment through residency programs. If you invest in a business, you may be eligible for a permit, which allows you to live and work in the country without needing a work permit. Common Pitfalls to Avoid
If you are buying a hotel or tour company, the Belize Tourism Board (BTB) license does not transfer. You must apply for a new license in your own name or your company's name before you can legally operate. 4. Structuring Your Purchase
Most investors choose to form a or an International Business Company (IBC) to hold their business assets. buying a business in belize
Buying a Business in Belize: A Practical Guide for Investors
Ensure the business is current with the Belize Tax Service . You must apply for a new license in
Foreigners in Belize enjoy the same property and business ownership rights as locals. You can own a business outright without needing a local partner, which is a significant advantage compared to other Caribbean or Central American jurisdictions. 2. The Due Diligence Process
Every business operating in a city or town must have a valid Trade License from the local Town or City Council. Buying a Business in Belize: A Practical Guide
Many people buy a bar or boutique hotel and realize too late they aren't prepared for the 24/7 reality of hospitality.