Can I buy a business in Belize?
Christian Burn
When you buy a business in Belize, first you have to register whatever company you are going to be assuming. Other issues include working it out the arrangement with the seller and the government going through the transfer information. Depending on what the volume of sales are, you are going to need s GST (General Sales Tax) number.
When you buy a business in Belize, first you have to register whatever company you are going to be assuming. Other issues include working it out the arrangement with the seller and the government going through the transfer information. Depending on what the volume of sales are, you are going to need s GST (General Sales Tax) number.
Posted December 2, 2014
Santiago Gomez - International Services Ltd
Yes, you can buy a business in Belize. You cannot work in that business if you are in Belize on a retirement program, but you can buy the business if you have a manager to take care of the business. But if you want to manage that business, you can buy it and you would have to apply for a work permit. Anybody can buy a business in Belize. The only thing we would caution you about is that you will need to have a contract and make sure...
Yes, you can buy a business in Belize. You cannot work in that business if you are in Belize on a retirement program, but you can buy the business if you have a manager to take care of the business. But if you want to manage that business, you can buy it and you would have to apply for a work permit. Anybody can buy a business in Belize. The only thing we would caution you about is that you will need to have a contract and make sure that you have an attorney or a paralegal to take care of it.
There are no restrictions on foreigners buying businesses in Belize. Actually, the government encourages this. The government is actively encouraging foreigners to start tourism businesses.
(Pictured: restaurant in Belize.)
Posted August 28, 2015