Interpretation

In this Act unless the context otherwise requires“Appeal Board” means the Appeal Board established under section 24. “approved activity” means economic activity within a national priority sector declared under section (8), and carried on in a DPA; “approved company” means an entity that is issued, a DPA status under section 9 and a Certificate of Compliance under section 15; “benefits” mean reliefs and incentives provided under Part V, that are granted to an approved company; “Company” means an entity that is formed and registered in Belize under the Companies Act, the Business Names Act or a CARICOM Member State and includes an International Business Company “DPAC” means the Designated Processing Areas Committee established under section 3; Designated Processing Areas 7 “Designated Processing Area” or “DPA” means a geographic area within Belize, that receives benefits, for economic activity in a national priority sector; “Designated Processing Area Business” or “DPA Business” means a company that is issued, a DPA status as a DPA Business and a Certificate of Compliance, to operate within a DPA that is established and administered by a DPA Developer; “Designated Processing Area Developer” or “DPA Developer” means a company that is issued, a DPA status as a DPA Developer, a Certificate of Designation and a Certificate of Compliance, to establish and administer a DPA and accommodate DPA Businesses; “fit and proper” means, at a minimum, a person who is of good character and reputation, not a bankrupt, not convicted of an offence involving fraud or dishonesty and includes any other matter as the DPAC deems appropriate. “infrastructure” means a physical structure fixed to any land, part of any land, any building or part of any building, and includes roads, bridges or storm sewers; “Minister” means the Minister of Government with responsibility for Designated Processing Areas and “Ministry” shall be construed accordingly; “senior management staff” includes a person who, is a member of the board of directors of a corporation, a partner in a partnership, an owner of a sole proprietorship, or manages at least 25 percent of the personnel of a company; “Special Designated Processing Area” or “Special DPA” means a company that is issued, a DPA status as a Special DPA, a Certificate of Designation and a Certificate of Compliance, to operate one company, excluding its subsidiaries, at an approved location or locations; and 8 “technical staff” means a position in a company held by a professional, scientist or engineer.