Caribbean Investment Opportunities

SECTOR: OUTSOURCING | BELIZE

SECTOR: OUTSOURCING

BELIZE

PUBLIC SECTOR

Sector Opportunities The King Peter’s and Cotton Bay estates are magnificently located along a sheltered Caribbean coast on the island of Belize’s location has proven to serve not only as a strategic point for the export of goods to North America, CARICOM and Latin America (LAC) but also for its regional recognition as both a nearshore and offshore destination for the export of services to various markets. Since the establishment of the first contact center in 2005, Belize has experienced over 80% industry growth and currently hosts twenty-five (25) established operators offering various services in Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO) and emerging areas in Information Technology Outsourcing (ITO). The development of this sector is attributed to Belize’s talented English-speaking labor force with bilingual capabilities and its close proximity to North and Central America, a strategic location in line with similar time zones, among other competitive advantages. The continued development of this industry is strongly supported by the Government of Belize (GOB) through competitive incentive programs, specifically the Designated Processing Areas (DPA) Program, tailored for companies engaged in International Trade by providing a myriad of tax exemptions for the development for a period of up to ten (10) years. To date, services in this industry is presently focused on markets in North America, Europe, Asia, and Australia.

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