Thursday, November 1, 2012

BELIZE IS NOT A BUSINESS FRIENDLY COUNTRY BY RED TAPE.

 The job of the bureaucrats in the Belize government, is to make business and startups easier.  Particularly for export.  There are only FOUR countries in the Caribbean regarded as business friendly.  Belize is NOT one of them!  Jamaica, Trinidad and Tobago, Dominican Republic, also more business friendly are Antigua, Barbuda, Bahamas, Barbados, Dominica. leading the Caribbean pack of countries and are among the 50 top countries in the world, out of 185 surveyed.
  Belize is VERY SLOWLY making reforms to how businesses do reporting, licensing and paying  taxes.  More changes are in the works.  Speeding up clearance certificates is one area needed.  The TIME needed to go through red tape and the expense of traveling back and forth to government offices is another. Belize has disadvantages, as it is bigger than most island countries and lacks the infra structure, due to size and low population density.  This latter also has other advantages in quality of life and persuit of happiness.
  SINGAPORE enjoys top position in the world.  But then, it is also a tight small island country.  So size and population concentration play a role here. Also the infra structure for computer aided effort is top notch in the world.  In Belize, less than 10% of the population have internet for example.  The top TEN countries are:  Hong Kong, China, New Zealand, USA, Denmark, Norway, the UK, South Korea, Georgia and Australia.
  Belize is not even considered a business friendly country, even among  fellow Caribbean partners..

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