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QRP Investor Approval

BelizeStarting a business

Explore the five recorded questions, answers and sources for this pathway.

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Is this for a founder, startup entrepreneur, self-employed person, freelancer, company owner or another business profile?

This is for a Qualified Retired Person who wants to carry on business in Belize. The person must apply in writing to the Belize Tourism Board for approval.

See recorded sources
Limits of the record
  • The source does not state an effective date, grant duration, renewal process or longer-term residence direction for this investor approval.

What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?

The applicant must provide a business plan that includes employment of five Belizean citizens. The page further describes a detailed plan covering the business goals, methods and timeframe, including an executive summary/company description, marketing plan, financial plan and business plan.

See recorded sources
Limits of the record
  • The source does not state an effective date, grant duration, renewal process or longer-term residence direction for this investor approval.

What investment, capital, income, revenue, funding or viability evidence is central to this pathway?

The investment capital must be at least one million BZD or US$500,000. Proof may consist of original or certified international bank statements, investment-account statements and official letters from a financial institution confirming that the funds are available.

See recorded sources
Limits of the record
  • The source does not state an effective date, grant duration, renewal process or longer-term residence direction for this investor approval.
  • BTB QRP page; QRP Investor / Retire and Invest
    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

What business/self-employed activity may the holder conduct? Are there important restrictions? What is the family position where clearly stated?

With BTB approval, a QRP member may carry on business in Belize. The business must employ at least five Belizean citizens; the approved QRP may seek other licences or permits needed for the business and may practise philanthropy, but philanthropy is not applicable to a dependent member. The business must pay full duties and taxes on business carried on in Belize.

See recorded sources
Limits of the record
  • The source does not state an effective date, grant duration, renewal process or longer-term residence direction for this investor approval.

What approval/application sequence applies, how long is the status granted, how is it renewed, and what longer-term residence direction is officially stated?

The application sequence is written application to the BTB with a business plan, investment-capital proof and proof of at least 90 non-consecutive days of residence in Belize. After approval, proof of employment of Belizeans is due within 12 months and proof of business operation within 18 months. The source does not state a grant duration, renewal process or longer-term residence direction for this investor approval.

See recorded sources
Limits of the record
  • The source does not state an effective date, grant duration, renewal process or longer-term residence direction for this investor approval.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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