# 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

## Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

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

Year Value
2010 78.40

## Time required to get electricity (days)

The value for Time required to get electricity (days) in Belize was 66.00 as of 2017. As the graph below shows, over the past 8 years this indicator reached a maximum value of 66.00 in 2017 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
2016 66.00
2017 66.00

## Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

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

Year Value
2010 78.50

## Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

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

Year Value
2010 4.80

## Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

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

Year Value
2010 7.60

## 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)

Labor tax and contributions (% of commercial profits) in Belize was 5.00 as of 2017. Its highest value over the past 12 years was 7.00 in 2012, while its lowest value was 5.00 in 2013.

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

Year Value
2005 7.00
2006 7.00
2007 7.00
2008 7.00
2009 7.00
2010 7.00
2011 7.00
2012 7.00
2013 5.00
2014 5.00
2015 5.00
2016 5.00
2017 5.00

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

Other taxes payable by businesses (% of commercial profits) in Belize was 1.30 as of 2017. Its highest value over the past 12 years was 3.00 in 2007, while its lowest value was 1.30 in 2013.

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
2005 3.00
2006 3.00
2007 3.00
2008 1.40
2009 1.40
2010 1.40
2011 1.40
2012 1.40
2013 1.30
2014 1.30
2015 1.30
2016 1.30
2017 1.30

## Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Belize was 24.70 as of 2017. Its highest value over the past 12 years was 24.70 in 2017, while its lowest value was 24.70 in 2005.

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

Year Value
2005 24.70
2006 24.70
2007 24.70
2008 24.70
2009 24.70
2010 24.70
2011 24.70
2012 24.70
2013 24.70
2014 24.70
2015 24.70
2016 24.70
2017 24.70