Funds exempt from income and business tax, stamp duties, etc

(1) Notwithstanding any statutory provision or rule of law to the contrary, (a) a public fund which is registered or a private or professional fund which is recognised under this Act; and (b) an investor in any registered public fund or recognised private or professional fund who is not a resident in Belize, are in all respects exempt from any and all of the provisions of the Income and Business Tax Act, Cap. 55, the Stamp Duties Act, Cap. 64 and the Exchange Control Regulation Act, Cap. 52 with respect to its investment in any such fund. (2) Notwithstanding the provisions of the Companies Act, Cap. 250, a company which is incorporated outside Belize which establishes a place of business within Belize to carry on business in accordance with the provisions of this Act as, (a) a registered public fund; (b) a recognised private or professional fund; or (c) a licensed manager or administrator, is exempt from the provisions of that Act. 37