II Politics and Economy
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Belize - Politics
Saturday, February 23rd, 2008
Belize has a democratic, bi-cameral legislature elected by direct popular vote to serve a term of five years. A Prime Minister is appointed by the Governor-General, representative of Queen Elizabeth II. The leader of the majority party is given this appointment. Belize has a legal system based upon common law with a Supreme Court, whose […]
Belize - Economy
Saturday, February 23rd, 2008The Belizean Dollar has a fixed rate of exchange (BZ$2 : US$). Of course, most tourist businesses will accept US dollars, credit cards or traveler’s checks. From 1986 – 1990 the Economy grew at ten percent with an average inflation rate of 2.8%. However, Belize was not immune to the economic downturn that affected the […]
Belize - Investments
Saturday, February 23rd, 2008(1.) Fiscal Incentive Act, No. 6 of 1990
This act provides for tax holidays and duty exemptions. When these are extended, they can last for five to ten years. Agricultural investments can last for twenty-five years.[1] For alternative details and benefits[2]
[1] Id.
[2] Belize Trade & Investment Development Service (Beltraide), Investment Guide: Legislation: Fiscal Incentives Act, available […]