Regulatory Alerts2014-12-19
Direction No. 15 - Transfer of Land, Buildings or Other Hereditaments Situate in Belize
The Central Bank of Belize issues Exchange Control Direction No. 15/2014 to mandate prior regulatory permission for any transaction involving non-residents and Belizean real property. The directive specifies required application details, including beneficial ownership information, and restricts payment methods to funds originating from external accounts or converted foreign currency. While full payment is generally required at purchase, mortgage facilities may be granted to Belizean nationals or non-residents investing substantial external funds in productive enterprises.
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