Belize Business, Taxation and Offshore Information
Belize is centrally located in the Americas
Belize is an independent country within the Commonwealth bordered by Mexico, the Caribbean and Guatemala to the east and south. It is 24,000 sq km in size, with a population of just over 334,000. The country is, or was, heavily forested. The climate is nearly tropical, and there can be hurricanes. The extremely mixed population is racially harmonious. English is the official language and the main religion is Christianity. The currency is the Belizean dollar, fixed at BZD2 = USD1.
Sugar and bananas represent a difficulty for the centrist Government . . .
In Belize's bi-cameral Westminster-style government, the lower house was most recently elected in 2012 and the government is tackling economic problems caused by reduced access to privileged markets for sugar and bananas, by encouraging foreign investment in manufacturing and the development of mass tourism. The country's structural deficit can only be financed by overseas borrowing, but the Government has been able to renegotiate the terms of repayment for the 'super bonds'. GDP growth was 2.7% in 2010, 1.9% in 2011 and 5.3% in 2012. More »