Telemarketing, Financial Gaming and Telephone Gaming Licence: Belize

The incentives now being offered by the Belize Government to encourage telemarketing, data processing, internet and telephone gaming operations to license their operations in Belize are unmatched by any country.

In 1996 Belize was the first country to enact legislation to legalize Internet Gambling. However this proved to be unsuccessful because first the Act imposed a very high license fee, a gaming tax, the posting of a substantial bond and second the very high cost of telephone and internet service.

Having acknowledged these two problems, the Government moved to address them. They did so by allowing the establishment of an Export Processing Zone to cater specifically to internet and telephone gaming and other forms of electronic data processing. This solved both the license, taxation problems and the communications cost.

First it solved the license and taxation problem because under the Export Processing Zone Act, once an operator in an Export Processing Zone Receives a Certificate of Compliance from the Government allowing him to conduct internet and telephone gaming in the EPZ, he needs no other license.

Second it solved the communications-cost problems because under the EPZ Act the developer of an Export Processing Zone is entitled to set up its own telecommunications facility so as to provide telecommunications services at a competitive rate.

Under the Export Processing Zone Act the scope of the zone was expanded to encourage telemarketing , data processing, internet and telephone gaming operations to license their operations in Belize.

As you may already know that it is costly and difficult to obtain an Internet Gambling License worldwide. Advantages of companies that are established and operated under the Belize Export Processing Zone Act are free from Bureaucratic Regulating Bodies, would pay no income tax, capital gains tax, and no sales or valued added tax. Dividends paid by the company to its shareholders would be tax exempt. All equipment needed for the operation including vehicles, can be imported free of all tax and duties.

Therefore we are now offering a turnkey licensing and compliance package for companies who wish to acquire an internet gambling and financial gaming license. This includes the establishment of an operational company, obtain the Certificate of Compliance authorizing the company to conduct their business and for companies that wish to domicile their operations in Belize we will apply for and obtain all work permits as needed.

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