Regulatory Alerts2014-12-19
Direction No. 13 - Remittance of Dividends, Profits, Interests, Management Fees and Rental from Real Estate
The Central Bank of Belize mandates that prior permission is required for the remittance of dividends, profits, interest, management fees, and real estate rentals to non-residents. The directive specifies distinct documentation requirements for each payment category, including audited financial statements, loan references, and management contracts. All applications must additionally include clearance from the Commissioner of Income Tax to verify tax compliance before funds can be transferred.
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