Plan your business

Business Start up cost

  •  Back
  • Develop your business Plan
  • Business Start Up Cost
  • Securing Property for your business
  • Business Legal Structure and Name

Business Owners at times underestimate the amount needed to start their new business. Entrepreneurs must properly calculate the different costs they will incur before investing their time and effort into their proposed business.

1.UTILITIES

You must understand the requirements of and have enough money available for deposits and fees required by utility companies that service your business:

Telephone

Belize Telemedia Ltd.

Address: Corporate headquarters,
St. Thomas St, Belize City, Belize
Phone (National Toll Free): 0-800-CALL-BTL or 227-7085
Fax: 223-1800
Website: http://www.belizetelemedia.net/

Requirements to operate business at home:

Add an additional phone line

  • Phone rates vary for residential and commercial use
  • Cost include
    • $1000 installation fee
    • Deposits
    • Service fee
  • Monthly rates will vary depending on:
    • Number of lines
    • Business plan chosen
    • Any additional plan chosen

Electricity

Belize Electricity LTD (BEL)

Address: 2 ½ Mls Northern Hwy BZC
Phone: 227-0954
Website: http://www.bel.com.bz/

  • Your deposit is based on many factors:
  • Location
  • Type of business
  • Electric requirements

  • Business registration
  • A letter requesting the service
  • A certificate from a certified electrician will be required if there is no meter present
  • Proof of ownership (tax receipts) is required for the owner of a building if your renting the building
  • Article of Association

Water

Belize Water Services

Address: 7 C A Blvd BZC
Phone: 222-4757
Website: http://www.bws.bz/

Requirements for Installation

  • Valid ID
  • Business certificate
  • Authorization letter - letter head and state that whoever comes in to apply is a representative of the company
  • ( $200 deposit $85 service fee)