Mundo's Country Rating (out of 10)
Mundo's country rating is essentially a freedom index whereby our team of specialists rates a combination of freedoms which include freedom from violence and personal attacks, financial freedom from high taxes and other government levies, and business freedom from government interference.
Ease of business: Belize is more about who you know than what you know. You can try to do business by yourself, but things usually move way faster with the right connections and the right information. Due to some ambiguities in the laws and regulations, certain processes can become a nightmare without the help of experienced locals that you can trust. However, we have those contacts as our experts are among the best-established ones in Belize and they will help you do business swiftly. With an adept helping hand, we give Belize 10/10.
Taxation: Belize does not, in general terms, tax foreign-sourced income. So, that is why so many people establish online businesses in Belize. This already gives it an 8/10. However, special attention must be paid to the IBC regime, as it may soon change. Moreover, the Belize Retirement Plan allows you to live in Belize effectively tax-free. Even more, Belize also has a book full of tax incentives if you establish a local business. Belize imposes a revenue tax that varies from industry to industry, but if you know your way around the tax system and apply for various special incentive schemes in agriculture, tourism, etc., you can end up paying zero to around 5% on domestic income. However, sometimes it may be complicated to access these incentives. Mundo gives Belize 9/10.