Application for establishment of duty free shops

(1) Any citizen of Belize or a Belizean company wishing to establish a duty free shop shall apply for a licence to the Comptroller in the form set out as Form I of the Schedule to these Regulations. Schedule. (2) Every application made under this regulation shall be accompanied by the following– (a) proof of the applicant’s status as a Belizean national; 72 Customs and Excise Duties (b) proof that the applicant has secured suitable premises from the Belize Airports Authority for the establishment of a duty free shop which shall be located in an area before the customs section within the airport in question; (c) a floor plan of the area identifying the location of the said premises; (d) a detailed list of the goods intended to be kept at the duty free shop including the quantities, descriptions and estimated cost, insurance and freight values of such goods; and (e) proof that the applicant has adequate financial resources to operate the duty free shop and to discharge all liabilities arising therefrom.