In a strategic move to enhance its global business appeal, Belize has announced a groundbreaking initiative to offer temporary residencies to foreign investors. This decision, spearheaded by the Prime Minister’s Office, aims to dismantle bureaucratic barriers and position Belize as a more inviting and competitive hub for international business. Narda Garcia, CEO of the Ministry of Investment, emphasized the necessity of this shift, highlighting the challenges investors currently face. She noted that many investors endure cumbersome processes when establishing businesses in Belize, which deters investment and hampers economic growth. The government is now focused on streamlining these procedures to foster a more business-friendly environment. Detailed requirements for the residency program are set to be discussed in an upcoming meeting, with the goal of making the process more transparent and efficient. This initiative marks a significant step in Belize’s efforts to transform its business landscape and attract global capital.