← belizelaw.ai · Free Zones, Cap. 278 · PART II — Establishment, Functions, etc., of the National Free Zone
Functions of the NFZA
Cap. 278, s. 5 · Revised Edition 2020
The functions of the NFZA shall be as follows–
(a) to designate Commercial Free Zones in accordance with this Act and any regulations,
based on the need for economic development in the proposed CFZ area, and the viability of designation in creating direct and indirect employment and other considerations of public interest;
(b) to formulate for recommendation to the Minister, comprehensive policies for free zones;
(c) to regulate and define the relations between all free zones and the NFZA as well as any other entity whose activities are closely related to the operation of the free zones;
(d) to carry out all functions and discharge responsibilities assigned under this Act and any regulations;
(e) to issue Certificates of Designation to CFZ developers in accordance with this Act and 11
(f) to maintain a list of certificates of compliance issued to CFZ businesses by the Board of CFZ’s.
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