Why Were the Laws Amended?
Now that Belize has aligned its government policies with international institutions, any judicial changes will be internationally consistent.
The reason for the amendments is the desire of the Government of Belize to comply with the internationally accepted transparency requirements. These requirements have been set up by institutions like the Financial Action Task Force (FATF) and the Organization for Economic Cooperation and Development (OECD). Complying with these requirements means Belize will be internationally recognized as a compliant jurisdiction.
Advantages come with being internationally recognized. Adjusting to international standards positions Belize for more economic growth and legislation in the future.
CNETLY’s business services and solutions will allow compliant companies to be able to do business globally as well as in and from Belize hassle-free, since they will meet domestic and international legal requirements.