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Foreign Capital

Only the Central Bank, authorized dealers and depositories may deal in foreign currency, and a foreign exchange permit must be obtained from an authorized dealer or the Central Bank of Belize. No other persons, except for authorized dealers and depositories, may possess any foreign currency without the consent of the Central Bank. These rules are provided by the Exchange Control Regulations, Chapter 43 of the Laws of Belize (1980).

The permission of the Central Bank is also required in order to secure a loan from the country other than Belize, which involves a foreign currency, and also to service repayment of foreign debt.

The necessary approvals, however, can be easily secured in the case of genuine, approved enterprises. Foreign investors are required to register any investments made in Belize with the Central Bank to facilitate the repatriation of profits, dividends, etc. Foreign exchange accounts can be opened at local banks, with the consent of the Central Bank.