Provision relating to Revocation of Order

This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 10th day of July, 2019. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 110 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (PROJECT MANAGEMENT SERVICES (BELIZE) LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 111 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (PROJECT MANAGEMENT SERVICES (BELIZE) LIMITED) ORDER (Section 4) (Gazetted 13th July, 2019.) 1. This Order may be cited as theAPPROVED ENTERPRISE (PROJECT MANAGEMENT SERVICES (BELIZE) LIMITED) 2. It is hereby declared that the principals of Project Management Services (Belize) Limited, located in Big Creek, Independence, Stann Creek District, Belize, shall rehabilitate seven (7) banana farms, and produce for export. Project Management Services (Belize) Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. CAP. 54. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 112 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at fifteen hundred (1,500) persons by 3rd June, 2024. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 113 Building Materials and Supplies Specialized Tools Plant, Machinery, and Equipment Fixtures and Fittings Office Equipment & Appliances Utility & Transport Vehicles (25 Pick-up Trucks, 25 Motor Bikes, 15 Buses) Agricultural Machinery and Supplies 5. The date of production shall be 4th June, 2019. 6. The date of commencement and the date of termination of the duty exemption period shall be 4th June, 2019 and 3rd June, 2024 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 10th day of July, 2019. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 114 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (EL BEN CABANAS LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 115 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (EL BEN CABANAS LIMITED) ORDER (Section 4) (Gazetted 14th December, 2019.) 1. This Order may be cited as theAPPROVED ENTERPRISE (EL BEN CABANAS LIMITED) ORDER. 2. It is hereby declared that the principals of El Ben Cabanas Limited, located north of the split of Caye Caulker, shall develop a resort/hotel featuring sixteen (16) cabanas, pool, restaurant, swim-up bar, playground and supporting amenities. El Ben Cabanas Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. CAP. 54. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 116 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at sixteen (16) persons by 4th November, 2024. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 117 Building Materials and Supplies Fixtures and Fittings Plant, Machinery, and Equipment Marine Craft (1) Boat for Garbage & Supplies, (2) Boat for Guests, Transportation, (18) Canoes, (18) Paddle Board, (60) Paddles, (2) Jet Skis-Kawasaki Utility and Transport Vehicles (6) Golf Carts, (12) Housekeeping Utility Carts, (4) Luggage Trailers, (1) Utility Cart, (2) ATVs 5. The date of production shall be 5th November, 2019. 6. The date of commencement and the date of termination of the duty exemption period shall be 5th November, 2019 and 4th November, 2024 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 10th day of December, 2019. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 118 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (SMVNF INVESTMENTS LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 119 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (SMVNF INVESTMENTS LIMITED) ORDER (Section 4) (Gazetted 11th January, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (SMVNF INVESTMENT LIMITED) ORDER. CAP. 54. 2. It is hereby declared that the principals of SMVNF Investments Limited, located 2 miles North San Pedr Town, Ambergris Caye, shall develop a luxury resort marketed as “Sunset Caribe Resort” featuring one hundred and forty-four (144) units, three (3) pools, two (2) restaurants supporting amenities. SMVNF Investments Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 120 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least four hundred (400) persons by 25th November, 2024. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 121 Building Materials and Supplies Fixtures and Fittings Office Equipment & Appliances Plant, Machinery, and Equipment: (2) Backhoe, (2) Skytracs, (1) Crane, (1) Dump Truck, (12) Cement Mixers Marine Craft: (12) Skiffs, (3) Fishing Boats, (2) Dive Boats, (60) Kayaks, (60) Canoes, (12) Jet Skis Utility and Transport Vehicles: (4) Vans, (48) Golf Carts, (12) Polaris UTVs, (20) ATVs (2) Transport Vehicles, (2) Pickup Trucks 5. The date of production shall be 26th November, 2019. 6. The date of commencement and the date of termination of the duty exemption period shall be 26th November, 2019 and 25th November, 2024 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 7th day of January, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 122 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (JUNGLE SEA VENTURES LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 123 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (JUNGLE SEA VENTURES LIMITED) ORDER (Section 4) (Gazetted 8th February, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (JUNGLE SEA VENTURES LIMITED) ORDER. CAP. 54. 2. It is hereby declared that the principals of Jungle Sea Ventures Limited, located at 100 Sittee River Road, Sittee Point, Hopkins Village, Stann Creek District, Belize shall develop fourteen (14) rooms, upgrade ten (10) existing rooms and supporting amenities. Jungle Sea Ventures Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 124 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least one hundred and sixteen (116) persons by 2nd December, 2024. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 125 Building Materials and Supplies Specialized Tools Fixtures & Fittings Marine Craft (1) Boat Utility & Transport Vehicles (3) Toyota Passenger Vans, (6) Four Seater Golf Carts, (2) Six Seater Golf Carts, (6) Motor Scooters, (2) Sail Boats, (10) Bicycles, (4) Kayaks, (6) Stand-up Paddle Boards, (1) Trampoline (20) Snorkel Gears 5. The date of production shall be 2nd December, 2019. 6. The date of commencement and the date of termination of the duty exemption period shall be 2nd December, 2019 and 1st December, 2024 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 5th day of February, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 126 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (BELIZE ESTATE COMPANY LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 127 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (BELIZE ESTATE COMPANY LIMITED) ORDER (Section 4) (Gazetted 8th February, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (BELIZE ESTATE COMPANY LIMITED) ORDER. CAP. 54. 2. It is hereby declared that the principals of Belize Estate Company Limited, located at #1 Slaughterhouse Road, Belize City and Phillip Goldson International Airport, Ladyville, Belize District, Belize, shall expand an existing auto rental business catering to the growing tourism industry. Belize Estate Company Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 128 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least ten (10) persons by 16th December, 2024. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 129 Office Equipment & Appliances Utility & Transport Vehicles (12) Pick-Up Trucks, (3) Ford Transit Van, (4) Kia Carnival Minivan, (10) Kia Sportage SUV, (10) Kia Sorrento SUV, (6) Kai Picanto, (6) Kia Rio, (10) Ford EcoSport SUV, (10) Ford Everest SUV, and (4) Ford Explorer SUV 5. The date of production shall be 17th December, 2019. 6. The date of commencement and the date of termination of the duty exemption period shall be the 17th December, 2019 and 16th December, 2024 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 5th day February, 2020. (HON. TRACY TAEGAR-PANTON ) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 130 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (BELIZE FOAM & FURNITURE LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 131 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (BELIZE FOAM & FURNITURE LIMITED) ORDER (Section 4) (Gazetted 9th May, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (BELIZE FOAM & FURNITURE LIMITED) ORDER. 2. It is hereby declared that the principals of Belize Foam & Furniture Limited, located at Mile 2 George Price Highway, Belize City, Belize, shall manufacture polyurethane and memory foam, spring foam mattresses, box springs, pillows and cushions. Belize Foam and Furniture Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. CAP. 54. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 132 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least twenty-eight (28) persons by 24th February, 2025. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 133 Plant, Machinery & Equipment Fixtures & Fittings Transport & Utility Vehicles Raw Materials & Packing Materials 5. The date of production shall be 25th February, 2020. 6. The date of commencement and the date of termination of the duty exemption period shall be 25th February, 2020 and 24th February, 2025 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 23rd day of March, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 134 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (BELIZE DIVE HAVEN RESORT AND MARINA LTD) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 135 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (BELIZE DIVE HAVEN RESORT AND MARINA LTD) ORDER (Section 4) (Gazetted 5th September, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (BELIZE DIVE HAVEN RESORT AND MARINA LTD) ORDER. CAP. 54. 2. It is hereby declared that the principals of Belize Dive Haven Resort and Marina Ltd, located at Rope Walk Caye, Turneffe Island, Belize shall upgrade and continue develop a ninety-six (96) room luxury hotel featuring swimming pools and restaurants, Belize Dive Haven Resort and Marina Ltd (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 136 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least three hundred twenty (320) persons by 12th May, 2025. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 137 Machinery and Equipment Fixtures & Fittings (excluding wooden furniture) Office Equipment and Appliances Marine Crafts: (12) 200 HP Outboard Engines, (1) Catamaran, (7) Dive Boats, (5) Speed Boats, (6) Jet skis Utility & Transport Vehicle: (2) Pick-up Trucks, (2) Passenger Vans, (10) Golf Carts with trailer, (8) Passenger Golf Carts, (8) ATVs, (1) Refrigerated Truck 5. The date of production shall be 12th May, 2020. 6. The date of commencement and the date of termination of the duty exemption period shall be 12th May, 2020 and 11th May, 2025 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 1st day of September, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 138 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (OSPREY DEVELOPMENT COMPANY LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 139 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (OSPREY DEVELOPMENT COMPANY LIMITED) ORDER (Section 4) (Gazetted 10th October, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (OSPREY DEVELOPMENT COMPANY LIMITED) ORDER. CAP. 54. 2. It is hereby declared that the principals of Osprey Development Company Limited, located at Sea Grape Street, South Sand Pedro, Ambergris Caye, Belize, shall construct an ultra-luxury boutique guest house featuring eight (8) units, two (2) restaurant, swimming pool, exterior jacuzzi, sauna, pool bar, gym and spa. Osprey Development Company Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 140 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least forty-six (46) persons by 21st July, 2025. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 141 Building Materials & Supplies Fixtures & Fittings (excluding wooden furniture or artwork) Office Equipment and Appliances Machinery and Equipment Marine Craft: (25) Hobie Cats, (20) Jet Skis, (20) Kite Surfs, (2) Motorboats) Utility & Transport Vehicle: (2) 8-Seater Passenger Vans, (2) 12-Seater Passenger Vans, (2) Pick-up Trucks, (10) UTVs, (10) 6-Seater Golf Carts, 10 (4)-seater golf carts 5. The date of production shall be July 21st, 2020. 6. The date of commencement and the date of termination of the duty exemption period shall be 21st July 2020 and 20th July, 2025 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 6th day of October, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 142 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (GROUP INVESTMENT LIMITED) ORDER ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 143 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (GROUP INVESTMENT LIMITED) ORDER (Section 4) (Gazetted 14th November, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (GROUP INVESTMENT LIMITED) ORDER. CAP. 54. 2. It is hereby declared that the principals of Group Investment Limited, located at 1 Mile North of the Split, Caye Caulker, Belize District, shall construct a resort development featuring (49) units inclusive of amenities, two (2) pools, gym, spa, conference centre, dining area and kitchen as part of the Nape Blu Zen phase 2 project Group Investment Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; 144 Fiscal Incentives (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least one hundred forty- nine (149) persons by 11th May, 2025. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toFiscal Incentives 145 Building Materials & Supplies: (no wooden construction material) Fixtures & Fittings: (no wooden furniture) Plant Machinery and Equipment Marine Craft: (6) Engines for locally built boats, (2) Boats for guest transportation, (1) Boat for garbage and supplies and (4) Jet Skis Utility & Transport Vehicle: (5) Golf Carts, (1) Pickup Truck, (10) ATVs and (1) Passenger Van 5. The date of production shall be 12th May, 2020. 6. The date of commencement and the date of termination of the duty exemption period shall be 12th May, 2020 and 11th May, 2025 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 9th day of November, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce 146 Fiscal Incentives CHAPTER 54 APPROVED ENTERPRISE (FENIX FARM 17 LIMITED) ARRANGEMENT OF PARAGRAPHS Fiscal Incentives 147 CHAPTER 54 CAP. 54. APPROVED ENTERPRISE (FENIX FARM 17 LIMITED) (Section 4) (Gazetted 14th November, 2020.) 1. This Order may be cited as theAPPROVED ENTERPRISE (FENIX FARM 17 LIMITED) ORDER. CAP. 54. 2. It is hereby declared that the principals of Fenix Farm 17 Limited, located at Mile 60, Bladen Village, Toledo District, shall continue to operate a small banana farm consisting of 323.167 acres. Fenix Farm 17 Limited (hereinafter called “the Company”) shall be an approved enterprise under the Fiscal Incentives Act. 3. In addition to the conditions imposed by the Act the Company shall– (a) not practice whatsoever any discrimination on grounds of ethnic, religious or political identity; (b) observe all safety, social security, health and labour regulations; (c) pay fair wages to the workers and observe fair labour practices; (d) consult with the Belize Labour Exchange before employment of workers of other nationalities; employ only such workers of other nationalities as are in possession of valid work permits; (e) make provisions for the training of Belizeans in all aspects of the operation and conduct of the 148 Fiscal Incentives Company including management; submit a plan for approval by the Minister of Labour for such training in all the required skills; (f) satisfy the Ministry responsible for the Environment that all necessary measures are taken to control any pollution to the environment that may result from the operation of the Company; (g) satisfy the Ministry responsible for Culture that all measures are taken to prevent the destruction of any ancient monument or antiquity located within the Company’s area of operation; (h) maintain separate books of accounts and records in respect of the Company; maintain such books of accounts and records in a manner which conforms with generally accepted accounting principles in Belize and appropriate to the business in which the Company operates; (i) conduct the business in a manner acceptable to the Belize Trade and Investment Development Service; (j) continuously employ at least one hundred thirty (130) persons by 5th October, 2025. 4. Upon obtaining the written approval of the Executive Director, Belize Trade and Investment Development Service, the Company shall be permitted to import such quantity of such items free of customs duty, and revenue replacement duty as shall have been proved unavailable from suitable local products or raw materials, and necessary for the establishment/expansion and operation of the Company, and for the sole use thereof, but limited toBuilding Materials & Supplies: (no wooden construction material) Fiscal Incentives 149 Agriculture Machinery & Supplies Plant Machinery and Equipment: (1) Mini Excavator, (1) Excavator, (3) Tow Heads, (1) Sky track, (4) Four- Wheel Bikes, (8) Tractors, Spare Parts under this category does not include for vehicles, trucks and tractors) Utility & Transport Vehicle: (6) Pick-up Trucks, (3) Buses, (2) Dump Trucks 5. The date of production shall be 6th October, 2020. 6. The date of commencement and the date of termination of the duty exemption period shall be 6th October, 2020 and 5th October, 2025 respectively. 7. The company shall enjoy no tax holidays. 8. This Approved Enterprise Order may be revoked if any condition to which it is subject is broken by the Company. MADE by the Minister responsible for Investment this 9th day of November, 2020. (HON. TRACY TAEGAR-PANTON) Minister of State for Ministry of Economic Development, Petroleum, Investment, Trade and Commerce