Conducting Business in Belize
QRP’s shall be entitled to carry on business in Belize with the approval of the BTB, if the person meets the following criteria:
- Detailed Business Plan – A formal written document outlining the gaols of the business, methods for attaining goals and the timeframe for achievement of goals. The business plan MUST include but is not limited to – The Executive Summary/Company Description, Marketing Plan, Financial Plan and Business Plan.
- Proof of Investment Capital of at least one million BZD/$500,000USD – Original or certified copies of international bank statements, investment account statements and official letter[s] from a financial institution confirming the availability of funds MUST be provided.
- Proof of having resided in Belize for a minimum of 90 non-consecutive days
A QRP granted approval to carry on business in Belize shall be eligible for:
- The Business must employ at least 5 Belizean citizens.
- Within 12 months of approval to carry on business in Belize, submit to the BTB proof of employment of at least 5 Belizean Citizens.
- Within 18 months of approval to carry on business in Belize, to submit to the BTB proof of business operation.
- Permanent residency after designation as a QRP for five [5] years
- For the grant of any other license or permit necessary for carrying on business in Belize
- To practice philanthropy in Belize [this is not applicable to a dependent member]
