Requirements for small and medium enterprises

For the purpose of this Act, a small or medium enterprise is an enterprise that– (a) is engaged or intends to engage in Belize in any of the activities set out in Schedule II and is a net foreign exchange earner; (b) has an annual turnover not exceeding $500,000; (c) has a net worth not exceeding $300,000; (d) has an investment in machinery and equipment not exceeding $300,000; (e) is not a subsidiary of, or controlled by an entity that is not a small or medium enterprise; and 19 (f) holds a valid trade license and all other permits required to carry on its business.