Tourism and agriculture are the two major industries in the country, hence most enterprises are based around these two industries. The sugarcane industry and the fishing industry are mostly preserved for the residents of Belize. Larger companies in the tourism sector are mostly run by non citizens, Such include the luxurious hotels. The rest of the industries are not well developed and thus, the country offers a great opportunity for investment.Basically the businesses in Belize are largely concentrated in these two sectors of the economy.
As a tourist destination, it attracts lots of tourists thus there are numerous investments in this particular sector.The tourism sector has been significantly boosted in recent days by the many tourist flocking the country.Most enterprises have invested in this line in a bid to cater for the growing demand.Resorts, villas and hostels have also been established to offer accommodation services. In San Pedro, along the beach, professional services are offered by lots of hotels and resorts.
A lot of business opportunities are in the agricultural sector.Production of crops like citrus, rice and bananas has been done greatly enhanced. In recent times, chocolate and papaya have been sold in foreign markets such as the US. However, a lot of this produce is consumed locally. Rojo market is one of the major retail markets where such products can be found and mostly targets the tourists. Despite all this, the agricultural sector still has potential to grow since large tracts of land still remain underutilized.
The entertainment industry and the call center sector are industries that are rapidly emerging. Because of the potential that they hold, they offer great opportunities for investors to invest in.
There are also businesses in the transport and logistics sector. One of the largest of these is owned by the novel brothers. Their business offers transport and commuter services in various districts. The other players in the transport industry are small enterprises that are also privately owned. They operate other routes around the country.
In the telecommunication sector, there are two dominant players: Belize Telemedia and Speednet communications limited. Telemedia, which is bigger, is an employer of hundreds of Belizeans. The government owns a part of it. Speednet has been operational since 2003, when it was formed.
Radio and television stations in the media industry air local programs contributing greatly to the promotion of the local film industry. The print media business such as newspapers are largely owned and controlled by individuals.
The financial sector is also quite stable with eight institutions. Four of these are local and the other four are international. The two main ones are the British Caribbean bank and the central bank of Belize. These institutions provide services such as loans, lines of credit and bank overdrafts. Such services are of importance to the businesses.
Small and micro enterprises make up most of the enterprises in Belize, accounting for close to ninety percent of all the enterprises in the country.Most of them belong to families, relatives or close friends.There are therefore great opportunities for people like retirees who would love a peaceful environment to start a business.
As a tourist destination, it attracts lots of tourists thus there are numerous investments in this particular sector.The tourism sector has been significantly boosted in recent days by the many tourist flocking the country.Most enterprises have invested in this line in a bid to cater for the growing demand.Resorts, villas and hostels have also been established to offer accommodation services. In San Pedro, along the beach, professional services are offered by lots of hotels and resorts.
A lot of business opportunities are in the agricultural sector.Production of crops like citrus, rice and bananas has been done greatly enhanced. In recent times, chocolate and papaya have been sold in foreign markets such as the US. However, a lot of this produce is consumed locally. Rojo market is one of the major retail markets where such products can be found and mostly targets the tourists. Despite all this, the agricultural sector still has potential to grow since large tracts of land still remain underutilized.
The entertainment industry and the call center sector are industries that are rapidly emerging. Because of the potential that they hold, they offer great opportunities for investors to invest in.
There are also businesses in the transport and logistics sector. One of the largest of these is owned by the novel brothers. Their business offers transport and commuter services in various districts. The other players in the transport industry are small enterprises that are also privately owned. They operate other routes around the country.
In the telecommunication sector, there are two dominant players: Belize Telemedia and Speednet communications limited. Telemedia, which is bigger, is an employer of hundreds of Belizeans. The government owns a part of it. Speednet has been operational since 2003, when it was formed.
Radio and television stations in the media industry air local programs contributing greatly to the promotion of the local film industry. The print media business such as newspapers are largely owned and controlled by individuals.
The financial sector is also quite stable with eight institutions. Four of these are local and the other four are international. The two main ones are the British Caribbean bank and the central bank of Belize. These institutions provide services such as loans, lines of credit and bank overdrafts. Such services are of importance to the businesses.
Small and micro enterprises make up most of the enterprises in Belize, accounting for close to ninety percent of all the enterprises in the country.Most of them belong to families, relatives or close friends.There are therefore great opportunities for people like retirees who would love a peaceful environment to start a business.
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