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Overview of Import and Export Regulations in Belize

Overview of Import and Export Regulations in Belize

Getting to grips with import and export regulations in Belize is essential for anyone looking to enter the international freight market in this English-speaking Caribbean nation. Although Belize is not as popular an investment destination as its Central American neighbors, the country offers businesses an unsaturated market that highly encourages foreign investment. Those conditions also make starting a business in Belize an attractive prospect. Belize is an active member of the World Trade Organization, and its government emphasizes improving commercial ties with large markets such as China, Mexico, and the United States. As a result, import and export is a prosperous sector in Belize, with annual exports in 2018 totaling $354 million (USD), as imports reached $1.05 billion (USD). Import and export regulations in Belize: how to start? Import and export regulations in Belize encourage foreign investment To begin import and export operations in Belize, you must officially establish your company in the country. To do this, you must register your company with the Belize International Corporate Affairs Registry (IBC), and obtain a business license, which will allow you to market products or services within the country. Then, you must follow the general steps to start an import and export process in Belize, which are: Submit the application formObtain an interview with the Belize Chamber of Commerce and Industry (BCCI)Present a copy of the company's registration issued by the IBC to the BCCI Note that the BCCI is in charge of approving trade licenses. Furthermore, the local...

Guidelines to Obtain Cannabis Licenses in Peru

Guidelines to Obtain Cannabis Licenses in Peru

In 2017, Peru’s marijuana laws changed to legalize marijuana, also known as cannabis, for medical purposes. In February this year, the government released official guidelines to issue licenses for the medical and therapeutic use of cannabis and its derivatives. In spite of this, further protocols were lacking before companies could apply for commercial cannabis licenses in Peru. With the recent release of awaited protocols in November of this year, entities can now begin the process of applying for licenses to produce cannabis for commercial purposes. Learn the general procedure to apply for cannabis licenses in Peru What are the types of commercial cannabis licenses in Peru? Law 30681 established three types of licenses to produce cannabis in Peru. Currently, Peru’s Law 30681 establishes three types of cannabis licenses: license for scientific research license for import and commercialization license for production.  The process to obtain cannabis licenses in Peru involves different government authorities that issue specific certificates and authorizations that complement each other to obtain a license. According to regulation, three entities are in charge of processing request for licenses and necessary documentation:  the Ministry of Agriculture (MINAGRI), through the National Service of Agrarian Health (SENASA) and the National Institute of Agrarian Innovation (INIA). SENASA is in controls the imports of seeds and quarantine for cannabis post-entry.  the Ministry of the Interior (MININTER), through its Anti-Drugs Directorate (DIRANDRO), is in charge of issuing safety...

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