Exchange Control Direction No. 14/2014 - Emigration

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EXCHANGE CONTROL DIRECTION
NUMBER 14/2014
(Revised December 2014)
TO: AUTHORISED DEALERS AND AUTHORISED DEPOSITARIES Emigration

1. Persons who have taken up residence outside of Belize or residents who are preparing
   to emigrate may apply to the Central Bank to remit funds abroad as emigration allowance. Applications should be accompanied by a full statement of assets held in Belize, and should include evidence that the applicant is permitted to take up permanent residence in another country.
2. In the case of Belizean emigrants, a settling-in allowance may be applied for, along
   with a declaration of the amount to be eventually remitted.
3. Foreign nationals who have been designated residents of Belize and who are
   returning to take up permanent residence abroad would normally be given permission to repatriate all assets in Belize.
4. Upon departure from Belize, foreign nationals who had been designated residents of
   Belize will cease to be residents of Belize.
5. Each application for Emigration Allowance must be accompanied by a statement from
   the Commissioner of Income Tax indicating that there are no objections for the transfer. _________________________ Controller of Foreign Exchange CENTRAL BANK OF BELIZE