Application for an order

(1) Any person desirous of establishing or conducting an enterprise in Belize may apply to the Minister through the Executive Chairperson of BELTRAIDE for an approved enterprise order in relation to the proposed enterprise and shall furnish to the Executive Chairperson of BELTRAIDE in support of his application– (a) particulars as to the nature of the enterprise and the contribution which it is expected to make to the economy; (b) the estimated amount, purpose and source of the capital to be expanded, initially and annually, during the period of the approved (c) where applicable, particulars necessary to determine whether the product meets the rule of origin; (d) where applicable, particulars necessary to determine the level of exports, foreign exchange earnings or foreign exchange savings; (e) the number of persons to be employed and the conditions of service; (f) the date on or before which8 (i) work on the will commence; (ii) the will produce a marketable product; (g) information satisfactory to the Minister that the enterprise is adequately financed and provided with effective and competent management; (h) such other information as the Executive Chairperson of BELTRAIDE may require. (2) Every application made under sub-section (1), and every application for renewal made under section 6(1) and section 7(1) shall be accompanied by the fees specified belowInvestment of not less than $250,000 and not exceeding $500,000 - $5,000; Investment of not less than $500,000 and not exceeding $750,000 - $6,000; Investment exceeding $750,000- $7,000, Provided that a “Belizean Company” as defined in sub-section (3), with investment of less than $250,000 may apply under this section without the payment of any fee. (3) For the purpose of sub-section (2), a “Belizean Company” means a company in which Belizean nationals own not less than fifty-one per cent of the share capital. (4) The Minister may from time to time, by order published in the Gazette, amend the scale of fees payable under this section. 9 (5) Every order made by the Minister under the proviso of sub-section (2), shall as soon as may be after the making thereof be laid before the National Assembly and shall be subject to negative resolution. Conditions of