Investment Policy & Compliance Unit

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The Investment Policy and Compliance Unit is a government entity within the Ministry of Investment, Trade and Commerce that oversees policy development to support Private Sector Investment in key identified areas of the economy. This includes the oversight of various economic incentive schemes administered by the Ministry and its subsidiary units. Additionally, the Unit currently has full responsibility for the development of policy, for the licensing and regulation of Gaming and Lottery operators, and for the implementation of audits and controls within the Gaming and Lottery sectors.

The IPCU has direct policy oversight for the following functions: The Export Processing Zone Committee, The National Free Zone Authority, the Gaming Control Board, and the Lotteries Committee. In this respect, the Unit’s role is to facilitate and have oversight over the development of plans and policy and the delivery of those functions. The Unit is also responsible for the coordination; reporting and financial control of these agencies, and in particular, to ensure that revenue collection and reporting is efficient and accurate.

The Unit serves as the primary liaison between the other Ministry Units and the Cabinet in respect to the preparation and submission of Cabinet Papers related to Investment initiatives, and is a key facilitator with external agencies/partners for technical assistance and other projects related to the overall development of private sector trade and investment in Belize. The Unit is also tasked with the responsibility of coordinating all legislative reviews and amendments on investment related issues for the Ministry, including ensuring that the legislative process is fully complied with as determined by Cabinet and the Attorney General’s Ministry.

DPAThe overall Vision of the IPCU is to contribute in the sustainable economic growth of Belize, with a Mission to:

Develop and monitor investment policy and incentive programs;
Monitor and assist in the improvement of the investment climate;
Ensure that investors fully comply with relevant incentive programmes’ regulations; and
Optimize economic benefits and employment obtained from private investments without compromising their sustainability.

Core Responsibilities:

Governance & Oversight for Export Processing Zones, Free Zones, Gaming, Lotteries, Fiscal Incentives
Policy Development, Publishing, Coordination and Monitoring
Regulatory enforcement
Legal & Regulatory Framework
Investment initiatives
Project Development and Coordination of Investment Policy and Investment Initiatives
Emerging Economic Opportunities

Key Functions:

To provide Policy guidelines on Investment Issues
To provide oversight on compliance with Investment Incentive Programs (FI, DPA, FZ)
To provide Policy guidelines for the Gaming and Lotteries Sector
To ensure compliance with Gaming & Lotteries Policy and Revenue expectations by gaming operators
To research emerging sectors and investment opportunities and develop respective policy
To report, review and update Investment Incentive Programs
To conduct assessments on proposed investments & Compliance Unit

General Information, Application Forms, Acts, Legislation, etc.

Designated Processing area (dpa) Act

designated_processing_area__dpa__act_2018.pdf
File Size:	14288 kb
File Type:	pdf

Investment Policy & Compliance Unit

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