4. Well-paying government jobs – Entrepreneurs most likely come from people who have gained experience, knowledge or skills in manufacturing a sought-after good or service. or has a potential demand. Senior and middle managers in the private and public sectors who have worked for others for several years and now want to sculpt their own piece. The public sector (including quasi-governmental agencies) has increased salaries, allowances and benefits (including tips and pensions) to such an extent that even the private sector cannot keep up. This allows them to attract and retain the most qualified and experienced people for a lifetime. These people observe daily the many failures of those who have taken the plunge. and see no incentive for them to take the plunge themselves. they see it as a calculated and excessively high risk.
Damn, even big businessmen are known to leave their companies to take on these lucrative jobs in the public sector. The prospect of stable, well-paying jobs in an environment that presents so many real barriers to honest profit from business risk is a great deterrent to entrepreneurial activity. It is not a question of advocating for lower wages and benefits for those who opt for employment rather than investment. these are higher prospects of honest profit from the risk of entrepreneurial activities and investments. Belize`s two largest industries are tourism and agriculture. The fishing and sugarcane industry is usually reserved for Belizeans. Most of the larger and more luxurious companies in the tourism industry are foreign-owned. All other industries are fundamentally underdeveloped or underutilized, so there are many opportunities to enter and conquer these markets. Prolonged bureaucratic delays and corruption deter foreign investment. Corruption is endemic to state politics and institutions.
Companies have identified challenges in participation and competition in areas related to tendering, procurement and dispute resolution procedures, particularly in state-owned enterprises. The courts are independent and impartial, but court proceedings are often delayed for several years due to large backlogs of cases. While local courts have the power to recognize and enforce foreign arbitral awards against the government, decisions are typically challenged before the Caribbean Court of Justice, the country`s last court of appeal. Investors are advised to exercise due diligence when planning investments, as there have been instances of fraud related to land titles and other commercial enterprises. Belizean international banks offer different types of credit facilities, such as loans, overdrafts, lines of credit and credit cards that you can use to finance and operate your business. Interest rates are around 9% per year, which may seem high compared to US banks, but these are quite average in Belize. You should discuss the options and requirements for each type of facility with your current international banker/perspective. But Belize is making efforts to clean up its efforts and create a more attractive business environment — and it faces serious challenges. Poverty, corruption and government inefficiency block an archaic and cumbersome regulatory apparatus of the economy that can reject even a determined investor. I would like to know whether such a business would operate there and whether it would require the transportation of goods to and from Canada. If we could set up a regular service that would be profitable enough to survive on a few trips a month, Belize is a destination of choice for American expats. Ambergris Caye (San Pedro) is one of my favorite places on the planet to write, so I understand the appeal of Belize.
But it`s not that easy to start a business here. In fact, it can be damn hard. This article was written by Richard Harrison, a Belizean investor in manufacturing and service companies in Belize. He holds an MBA from Lancaster University. Belize, a Central American country, is known not only as a paradise for divers, but also as the first choice for foreign investment. Whether you are exploring opportunities to start an international business, expand abroad or relocate your business, belize is the best option. Great answer Rebecca! Don`t be fooled and think that trading bars in paradise is easy. No, but it sounds delicious and a great idea for a business! I hope you found this article about businesses that work well in Belize and those that are not as useful. If you would like more information and would like to set up an offshore company from Belize, please contact us HERE The companies I do not recommend for belize are everything you sell to locals, run a restaurant or bar, hotels, etc. Hello, I am a Canadian citizen who plans to buy real estate in the next few months, my question is that we are currently working as a construction and maintenance company for agriculture and we are working with all kinds of mills and farmers.