Exchange Control

(1) A company that is a person resident in Belize shall be eligible to maintain a dollar account in a domestic branch of a foreign or international bank that is located in Belize. 128 (2) A company under sub-section (1) shall submit monthly reports to the Central Bank of Belize, established under the Central Bank Act of allCAP. 262. (a) transactions in the dollar accounts held by the company; and (b) sales and purchases of the company. CAP. 52. (3) A company incorporated under this Act that is a person resident in Belize shall be subject to the Exchange Control Regulations Act. CAP. 52. (4) A company incorporated under this Act that is not a person resident in Belize shall be deemed to be not resident in Belize for the purposes of the Exchange Control Regulations Act.