Applications for operation within a CFZ

(1) Any public or private party desirous of operating in a CFZ shall submit an application to the CEO of that CFZ for review and approval in accordance with this Act and any (2) The CEO of a private sector managed zone shal1 examine every such application and submit the same to the Board of Directors of his CFZ with his recommendations. (3) Subject to sub-section (3A), the CEO of a private sector managed zone may approve an application submitted under sub- section (2) of this section if the proposed business enterprise– (a) will conduct services, trade and investment activities such as a commercial office, warehouse, manufacturing, tourism, temporary hotel accommodation defined areas for guests and employees, and related international services or other professional or related activities; (b) will not have a deleterious effect on the environment having regard to any environmental impact assessment made for the purpose; 18 (c) will he conducted in compliance with all applicable legal and regulatory requirements under the laws of Belize and all the rules and regulations of a CFZ established under this Act and the NFZA. (3A) Approval to operate as a CFZ business shall not be granted to any of the following businesses– (a) banking services; (b) financial businesses; CAP. 272. (c) international financial services as defined in the International Financial Services Commission Act; (d) internet or computer gaming services, including online gaming; (e) gaming; (f) foreign exchange business, including casa de cambio; or (g) radio or telecommunication services. (3B) Notwithstanding sub-section (3A), the CEO of a CFZ may grant permission to the following businesses to provide their respective services within a CFZ– (a) banking services; (b) internet or computer gaming services, including online gaming; (c) gaming; or (d) radio or telecommunication services.