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Benefits of Making Business in Belize_ Buy & Sell Business

At MergersCorp we help our clients confidentially buy and sell privately held businesses, aligning the interests of all parties for mutual success and satisfaction.<br><br>Find more at: http://mergerscorp.com

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Benefits of Making Business in Belize_ Buy & Sell Business

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  1. BENEFITS OF MAKING BUSINESS IN BELIZE WWW.MERGERSCORP.COM

  2. At MergersCorp M&A International we help our clients confidentially buy and sell privately held businesses, aligning the interests of all parties for mutual success and satisfaction. It is our goal to make the process of either buying a new business or selling your current business as smooth and efficient as possible. We know how important confidentiality is to our sellers and we treat it with the utmost importance. WWW.MERGERSCORP.COM

  3. BENEFITS OF MAKING BUSINESS IN BELIZE WWW.MERGERSCORP.COM

  4. Country Overview Belize is bordered on the northwest by Mexico, on the east by the Caribbean Sea, and on the south and west by Guatemala. Tucked between the Caribbean Sea and the rainforest on the eastern coast of Central America, Belize is the home of a small and diverse nation. The country, formerly known as British Honduras, was the United Kingdom's last colony on the American mainland and still maintains strong ties with Britain. Belize is expensive. In general, no, but it's probably more expensive than other countries in Central America. The beaches are generally small (nothing like Hawaii or Florida, or Australia) but they're still nice. Placencia has the biggest beach in Belize, and probably one of the best in Central America. While no country can ever guarantee you that nothing will go wrong, Belize is generally a very safe country for visitors. The country is very rural in aspect, and even the largest municipality (Belize City) has only 70,000 inhabitants.

  5. Executive Summary The capital of the country is Belmopan, built in 1970. It is the seat of Government. Belmopan was created following extensive damage to the former capital, Belize City, by Hurricane Hattie in 1961. Belize has an estimated population of 397,628. With 8,800 square miles of land, this gives Belize a population density of just 37 people per square mile. This is the lowest density in Latin America, and one of the lowest in the world, ranking 177th globally. Belize's jungle is home to wild cats, including jaguars and ocelots. 13. Apart from its historic archeological sites, Belize is known for its scuba diving sites. The Blue Hole, one of the world's most popular sinkhole, is one famous dive site here. The higher elevation (1,500-2,700 feet) provides spectacular falls for the many streams that lace the land. The plateau's northern edge is a broken limestone escarpment descending steeply to the Sibun River Valley, an area dotted with many unexplored caves.

  6. Introduction – Doing business in Belize Belize is ranked 135 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Belize deteriorated to 135 in 2019 from 125 in 2018. Doing business in Belize can be rewarding as the country has many unexplored opportunities. Government trade promotion groups such as BELTRAIDE are doing reasonably well at providing information and hand holding for new investors, and trying to streamline the start up of new business ventures. Belize has many opportunities for tapping into new industries as it’s still fairly young and is considered a developing nation. Real Estate Property is relatively inexpensive for rental or purchase. Minimum wage in Belize is one of the highest in the region.

  7. Conducting business in Belize There are following types available for incorporation in Belize: • International Business Companies, • Private Companies, • Limited Liability Partnership, • Limited Life Companies, • Public Investment Companies, • Joint Ventures and Cooperatives, • Partnership, • Sole Proprietorship. For the incorporation of a company Memorandum of Association and the Articles of Association must be prepared. The above documents must be submitted to the Belize Companies Registry for review. Subsequently, a Certificate of Incorporation is issued. Minimum average processing time is 3 hours. The application fee is dependent on the quantity of share capital

  8. Taxation in Belize There are no capital gains taxes, and property taxes are assessed at just 1-1.5% of the unimproved value of the land. Income tax is charged at a flat rate of 25% for both individuals and Income tax is charged at a rate of 25%, and for residents of Belize, the first $14,500 of their annual income is exempt. Pension income is also exempt. To qualify for residency, an individual must be present in Belize for 183 days or more during a calendar year. There’s no graduated scale of taxation like in the U.S. and many other countries. Belize currently has no capital gains tax.

  9. Trade Belize is the 162nd largest export economy in the world. In 2017, Belize exported $374M and imported $1.07B, resulting in a negative trade balance of $692M. In 2017 the GDP of Belize was $1.86B and its GDP per capita was $8.51k. The top exports of Belize are Raw Sugar ($88M), Bananas ($51.8M), Fruit Juice ($36.8M), Non-fillet Frozen Fish ($19.5M) and Crude Petroleum ($17.5M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($98.7M), Planes, Helicopters, and/or Spacecraft ($59.5M), Rolled Tobacco ($43.8M), Recreational Boats ($24.8M) and Trunks and Cases ($21.6M).

  10. Banking in Belize Belize has five commercial banks, not including offshore banks. Three are based in Belize – Alliance Bank, Belize Bank and Atlantic Bank — and two, First Caribbean Bank(formerly Barclays) and ScotiaBank, are large multinational banks with branches in Belize. The local banks are small, about the size of a small-town local bank or savings and loan in the U.S. Belize also has several credit unions and small mortgage lending institutions. Many bank offices have modern conveniences such as ATM machines, but they may be out of order as often as they are working, and nearly all (Barclays/First Caribbean is the current exception) accept only ATM cards issued in Belize.

  11. Our M&A Process NEGOTIATION & CLOSE POST MERGER INTEGRATION (PMI) INTEGRATION (PMI) POST MERGER TARGET APPRAISAL APPROACH DUE DILIGENCE Key Areas  Target & market analysis;  Initial assessment of synergies & value drivers;  Indicative valuation;  Go or No-Go decision;  Preparation of transaction documents (NDA – Non- disclosure Agreement/LOI- Letter of Intent);  Select Transaction team;  Appoint advisors;  Consider funding ability.  Initial approach letter;  Signing of NDA;  Prepare & share initial information requests;  Formulation of LOI (Letter of Intent) & possible negotiations;  Initial meeting and Q&A;  Circulate information on the Target to the Transaction team.  Set scope of due diligence;  Set up VDR (virtual data room);  Coordinating of due diligence, further meetings and Q&A sessions;  Consider points relevant to the Post-Merger (PMI) phase;  Revisit indicative valuation & prepare detailed valuation based on due diligence findings;  SPA negotiations with the seller;  Development of final structure (share/asset deal) and final valuation;  Approvals;  Signing of SPA & Close.  Consider the extent of integration;  Development of 100 Day PMI Plan;  Consider short & long term objectives;  Estimate requirements to capture synergies;  Determine resource needs & optimal allocation. Parties Involved  CFO;  Head of M&A;  Accountants;  Corporate finance advisors;  Consultants.  Senior management;  CEO, CFO, CTO;  Strategy director;  Head of M&A;  Head of Business Development;  Consultants.  Company general counsel;  Lawyers;  Senior management.  Company general counsel;  Lawyers;  Senior management/HR. 11 © Midaxo 2018 www.midaxo.com

  12. Looking to Buy or Sell a Business? CONTACT US NOW FOR A FREE BUSINESS VALUATION WWW.MERGERSCORP.COM

  13. MergersCorp.com The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Member firms of the MergersCorp network of independent firms are affiliated with MergersCorp International. MergersCorp International provides no client services. No member firm has any authority to obligate or bind MergersCorp International or any other member firm vis-à-vis third parties, nor does MergersCorp International have any such authority to obligate or bind any member firm. Copyright © 2020 MergersCorp International. All rights reserved. 13 © Midaxo 2018 www.midaxo.com

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