Regulatory Alerts2025-05-02
Direction No. 20 - Payments for Services Outside Belize
The Central Bank of Belize issued Exchange Control Direction No. 20/2025 to authorize dealers to approve foreign currency payments for residents purchasing specific services from non-residents. The directive permits transactions for categories such as accounting, legal, and technical services up to a limit of BZ $100,000, with larger amounts requiring direct Central Bank approval. Dealers must verify valid contracts or invoices dated within six months and are prohibited from transferring exchange control approvals between institutions.
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