The Brown Sugar Mall project is an open development opportunity that is located adjacent to Brown Sugar: Phase 1. Similarly, Brown Sugar Mall is in the heart of Tourist Village
, located centrally in Belize City along the Caribbean Sea. Brown Sugar Mall is three square acres in size and is located in the very popular Rehab Zone - the Belize Tourism Board (BTB) and Inter-American Development Bank (IDB) is investing $30,000,000.00USD into the infrastructure for Tourist Village. Downtown Belize, a nearby couple hundred yards away, is currently undergoing a government-funded development of $10,000,000.00USD for new sidewalks
, lighting, streets, landscape and security.
The location of Brown Sugar Mall is central to all major life in Belize City, and hosts the only water-front sites available for expansion in Tourist Village (Royal Caribbean and Diamonds International are the current owners of Tourist Village and unable to expand, and currently receive $96USD per square foot annually), where 1,400,000 visitors disembark from cruise ships annually.
Brown Sugar Mall is currently in a state that is development-ready; Fortune Investments, Inc. will facilitate all documents of approval for construction provided by the Belizean government, including a gambling license that allows Brown Sugar Mall to facilitate visitors with slot machines. The majority of foundations for Brown Sugar Mall are poured with pilings for structures, including a boardwalk along the entire ocean frontage. On this boardwalk includes a foundation that is poured for an over-the-water restaurant/bar.
Brown Sugar Mall is available with an Export Processing Free Zone (EPZ) status. This means that:
- Exemption of Duty on all imports and exports (reduces construction costs by roughly 30%)
- Exemption from taxes (such as capital gains, general sales & consumption and foreign exchange & transfer [only for duty free stores, not entertainment])
- Tax holiday of 20 years (for development)
- No income tax
- Exemption from Supplies Control Act and its regulations
- No Trade License or license for imports/exports required (only if sole owner; lessees must individually apply for EPZ status)
- Dividends paid by an EPZ are exempted from taxes for the lifetime of the business
- U.S. dollar accounts may be opened (request requirements)
Major nearby developments include a 15-story condominium complex in the construction-phase directly down the street, a 50-room luxury hotel and casino also in the construction-phase across the street, Radisson Hotel & Marina and Princess Hotel and Casino
. Transportation is ample; the San Pedro Water Taxi Terminals
terminal is located in Brown Sugar and accommodates 350+ passengers per day. The Caye Cauker Water Taxi terminal is located directly across from Brown Sugar and accommodates 400+ passengers per day. Belize International Airport has recently been expanded to accommodate 747 and 767 passenger airplanes from around the world.
Nearby attractions provide ample safety, security and tourist attraction. The The Bliss Convention Center
is located directly across the water from Brown Sugar. Image Facto is a premier art gallery located next door and Pirate Museum is located across the street. A police station is a mere 100 yards away and security is ample.
Belize is full of breath taking culture and advantage to explore, including 400 cayes along the coastline and the majestic Maya Mountains. Belize also offers rain forests, savannas and lush green interiors filled with plant and animal life, with a large variety of orchids and birds. And don't forget the Mayan ruins that mark the landscape, to the large ruins of Caracol. Brown Sugar Mall is conveniently located twenty minutes drive from the international airport and five minutes drive from the municipal airstrip.