Regulatory Alerts2011-06-22
Exchange Control (Amendment) Regulations 2002
The Minister responsible for Exchange Control in Belize issued Statutory Instrument No. 31 of 2002 to amend the Exchange Control Regulations. The instrument updates the Fifth Schedule by raising the minimum capitalized equity requirement for licensees to BZS150,000. It also modifies the Ninth Schedule to allow licensees to sell foreign currency to any person, increase the foreign currency purchase limit to US$2,500, and adjust reporting frequencies and cash holding limits.
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