Tourism and agriculture are the two major industries in the country, hence most enterprises are based around these two industries. The sugarcane industry and the fishing industry are mostly preserved for the residents of Belize. Larger companies in the tourism sector are mostly run by non citizens, Such include the luxurious hotels. The rest of the industries are not well developed and thus, the country offers a great opportunity for investment.Basically the businesses in Belize are largely concentrated in these two sectors of the economy.
In Central America, it is one of the nations that attracts the largest number of tourists. This has seen a large investment boom in the catering industry. A lot of enterprises have now focused on this particular aspect in the tourism industry. Lots of hotels, resorts, villas, homes and hostels are providing a variety of accommodation options. Along the beach in San Pedro, there are numerous hotels and resorts that offer professional services along with a view of a really beautiful scenery.
The agricultural sector also has great potential with regard to creating business opportunities. The large tracts of land available have been used for the production of rice, bananas and even citrus fruits. Papaya and chocolate have been exported to foreign markets such as the US. Nevertheless, most of these products are largely consumed locally. The Mata Grande is a major retail center where tourists who visit country can find these products. Still, the agricultural sector possesses huge potential for growth since there is so much land that is idle.
There are also other emerging and rapidly growing industries such as the entertainment and call centre industries which offer a great opportunity for investment.
The transport sector a major area of investment. The largest transport enterprises are controlled by the novel siblings, and they offer transport services in major districts. Other investors in the transport sector own smaller companies that work along other routes around the country.
In the telecommunication sector, there are two dominant players: Belize Telemedia and Speednet communications limited. Telemedia, which is bigger, is an employer of hundreds of Belizeans. The government owns a part of it. Speednet has been operational since 2003, when it was formed.
Radio and television stations in the media industry air local programs contributing greatly to the promotion of the local film industry. The print media business such as newspapers are largely owned and controlled by individuals.
The country has got eight banks, four of which are local with the rest being international. The main banks are British Caribbean bank, formerly called Belize bank, and Central Bank of Belize. These institutions are greatly involved in provision of credit services such as bank overdrafts, loans and lines of credit. This is beneficial to businesses.
At about ninety percent, small and micro businesses account for most business enterprises found here. Most of these business enterprises belong to members of the same family. Other business enterprises, especially those in the tourism industry are run and managed by non citizens.
In Central America, it is one of the nations that attracts the largest number of tourists. This has seen a large investment boom in the catering industry. A lot of enterprises have now focused on this particular aspect in the tourism industry. Lots of hotels, resorts, villas, homes and hostels are providing a variety of accommodation options. Along the beach in San Pedro, there are numerous hotels and resorts that offer professional services along with a view of a really beautiful scenery.
The agricultural sector also has great potential with regard to creating business opportunities. The large tracts of land available have been used for the production of rice, bananas and even citrus fruits. Papaya and chocolate have been exported to foreign markets such as the US. Nevertheless, most of these products are largely consumed locally. The Mata Grande is a major retail center where tourists who visit country can find these products. Still, the agricultural sector possesses huge potential for growth since there is so much land that is idle.
There are also other emerging and rapidly growing industries such as the entertainment and call centre industries which offer a great opportunity for investment.
The transport sector a major area of investment. The largest transport enterprises are controlled by the novel siblings, and they offer transport services in major districts. Other investors in the transport sector own smaller companies that work along other routes around the country.
In the telecommunication sector, there are two dominant players: Belize Telemedia and Speednet communications limited. Telemedia, which is bigger, is an employer of hundreds of Belizeans. The government owns a part of it. Speednet has been operational since 2003, when it was formed.
Radio and television stations in the media industry air local programs contributing greatly to the promotion of the local film industry. The print media business such as newspapers are largely owned and controlled by individuals.
The country has got eight banks, four of which are local with the rest being international. The main banks are British Caribbean bank, formerly called Belize bank, and Central Bank of Belize. These institutions are greatly involved in provision of credit services such as bank overdrafts, loans and lines of credit. This is beneficial to businesses.
At about ninety percent, small and micro businesses account for most business enterprises found here. Most of these business enterprises belong to members of the same family. Other business enterprises, especially those in the tourism industry are run and managed by non citizens.
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