Payments in US currency

(1) All commercial Free Zone businesses shall pay for the following in the United States currency– (a) utility bills, such as electricity; (b) social fees; 66 Free Zones (c) fuel tax; (d) cost of any construction materials purchased in Belize for any construction project within the Commercial Free Zone as stipulated in regulation 4 below; (e) revenue replacement duty on vehicles imported for use in the Commercial Free Zone; (f) sales tax on any vehicles imported for use in the Commercial Free Zone; (g) any fees owing to the CFZMA; (h) social security contributions, including employers’ and employees’ contributions; (i) immigration fees. (2) Where a Commercial Free Zone business makes any payments under regulations 3(g), (h) and (i) above, such payments shall be deposited with the Central Bank of Belize or into a US$ currency account with any bank licensed to operate within the Commercial Free Zone.