# Belize - Ease of doing business

## New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Belize was 3.08 as of 2014. Its highest value over the past 10 years was 5.45 in 2007, while its lowest value was 3.08 in 2014.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://econ.worldbank.org/research/entrepreneurship).

Year Value
2004 4.27
2005 4.71
2006 4.79
2007 5.45
2008 4.58
2009 3.21
2010 3.21
2011 5.30
2012 4.31
2014 3.08

## Delay in obtaining an electrical connection (days)

Definition: Delay in obtaining an electrical connection is the average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2010 6.10

## Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2010 2.50

## Time required to get electricity (days)

The value for Time required to get electricity (days) in Belize was 66.00 as of 2015. As the graph below shows, over the past 6 years this indicator reached a maximum value of 66.00 in 2015 and a minimum value of 66.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Year Value
2009 66.00
2010 66.00
2011 66.00
2012 66.00
2013 66.00
2014 66.00
2015 66.00

## Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2010 6.70

## Labor tax and contributions (% of commercial profits)

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Year Value
2013 7.00
2014 5.00
2015 5.00

## Other taxes payable by businesses (% of commercial profits)

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Year Value
2014 1.30
2015 1.40

## Profit tax (% of commercial profits)

Definition: Profit tax is the amount of taxes on profits paid by the business.