Eligibility for DPA status

(1) A company shall be eligible for DPA status if– (a) the activity of the company is an activity listed under the national priority sectors as determined under section 8; (b) the principals of the company are fit and proper persons; Designated Processing Areas 15 (c) the company commits in its application that the proposed business of the company will generate a minimum capital investment as prescribed under this Act; (d) the activities of the company do not violate any environmental laws of Belize; (e) the application for a DPA status is accompanied by a business plan which includes all relevant approvals; (f) the company provides proof of financing in accordance with the requirements of the DPAC; (g) the company includes in its application, a list of the non-controlled items required for the proposed activity of the company; and (h) the company submits proof that the proposed DPA is located in an area that is suitable for the proposed activity, in accordance with any established developmental or environmental plans for the area. (2) A company shall not be eligible for a DPA status as a DPA Developer or a Special DPA unless the company submits proof that it is the title owner of or has a notarised or registered lease for the property the company proposes to use as the DPA. (3) A company shall not be eligible for a DPA status as a DPA Business or a Special DPA unless the company demonstrates that it has– (a) the capacity to meet any prescribed standards applicable to the market the company proposes to supply; 16 (b) the capacity to meet any conformity regime that applies to the proposed activity; (c) a detailed plan for the training and transfer of knowledge to the employees of the company; and (d) where applicable, a plan for research and development. (4) A company shall not be eligible for a DPA status as a DPA Business unless the company has an agreement with a DPA Developer to operate a business within the DPA that is administered by the DPA Developer.