ENTITY STRUCTURE & GOVERNANCE // BELIZE
Two Entities, One Mission—Belize
A brother-sister dual entity model: CaribVista Belize Land Trust (proposed NGO) activates idle farmland via MAFSE and BSI partnerships, employs Belizean farming families across all 6 districts, and expands the proven TCGA organic cooperative model. IAGRO SAT Caribbean Belize Ltd (for-profit) provides satellite land intelligence — including citrus greening (HLB) early detection and cacao quality monitoring — at arm's length pricing.
BROTHER-SISTER MODELTCGA COOPERATIVE TEMPLATEORGANIC CERTIFIEDCDB BORROWING MEMBER
01 // ENTITY RELATIONSHIP
The Dual Entity Structure
SATIAGRO SAT Caribbean Belize Ltd
FOR-PROFIT TECHNOLOGY COMPANY // BELIZE CHAPTER
- Sentinel-2 satellite monitoring (10m): sugarcane, citrus, cacao, banana
- Citrus greening (HLB) early detection via NDVI time-series anomaly (6–8 weeks before visible symptoms)
- Fine-flavour cacao quality monitoring: shade canopy density, fermentation prediction
- Deforestation monitoring for National Protected Areas System (NPAS) compliance
- Hurricane and extreme weather damage assessment (Hattie, Keith track history)
- Mangrove health monitoring (72,518 ha Belize coast, 2nd largest barrier reef)
- Forest carbon MRV: Verra VCS methodology for voluntary carbon market
- Platform: CaribVista dashboard, organic certification data export, BELTRAIDE market reports
LEGAL REGISTRATION
Companies Act of Belize, Cap. 250. International Business Companies Act for holding structure if needed. Companies Registry, Belmopan. Corporate tax: 25% standard rate on net profits.
CLTCaribVista Belize Land Trust
PROPOSED NGO // NOT YET INCORPORATED
- Leases idle farmland via national lands programme (MNR) and BSI adjacent lands
- Employs and trains Belizean farmers across all 6 districts
- Manages organic production: cacao, vegetables, papaya, plantain, hot pepper
- Handles group organic certification costs (USDA, EU) for all member farmers
- Connects smallholders to specialty export buyers (TCGA model)
- Distributes food to vulnerable Belizean families at subsidised or no cost
- Reduces Belize food import dependency (target: 50% imports → 30%)
- Partners with BAHA for organic inspection framework and export certification
LEGAL REGISTRATION
Non-Governmental Organizations Act, Belize (registered under Companies Registry, Belmopan). Income Tax Act Section 9: NPO income tax exemption. Annual NGO registration renewal with Ministry responsible for NGOs.
CDB GRANT
CDB → CaribVista Belize
SERVICE FEE
CaribVista → IAGRO SAT (arm's length)
ORGANIC SALES
Premium revenue → CaribVista (mission)
CARBON CREDITS
VCS credits → CaribVista (forest revenue)
CRITICAL RULE: MONEY NEVER FLOWS THE WRONG DIRECTION
Non-profit funds never subsidise the for-profit. For-profit never diverts assets from the non-profit. All transactions documented, arm's length, independently audited. Required for CDB eligibility and NGO registration under Belize NGO Act.
02 // BELIZE LEGAL FRAMEWORK
Incorporation Under Belize Law
IAGRO SAT BELIZE LTD — LEGAL REQUIREMENTS
Companies Act, Cap. 250
Company registration with Companies Registry, Belmopan. Minimum 1 director. Certificate of Incorporation. Registered office address in Belize required.
Corporate Tax
25% on net profits (non-financial sector). BZD:USD 2:1 fixed peg since 1976. No capital gains tax. Low complexity for technology service companies.
Annual Returns
Filed with Companies Registry annually. Audited accounts required if annual turnover >BZD$1M (~$500K USD).
Business Tax
1.75% of gross revenue if turnover below threshold. Technology and professional services sector.
Foreign Ownership
No restriction on 100% foreign ownership of Belize companies. IBC (International Business Companies) available for holding structure.
CARIBVISTA BELIZE LAND TRUST — LEGAL REQUIREMENTS
NGO Act / Companies Act
Registration under the Non-Governmental Organizations Act (Belize) or as a Company Limited by Guarantee under Companies Act Cap. 250. Minimum 3 directors. Memorandum and Articles of Association required.
Companies Registry
Registration at Companies Registry, Belmopan. Filing fee ~BZD$200. Annual renewal required. Registered NGO status gives income tax exemption under Income Tax Act Section 9.
Tax Exemption
NGOs registered under the Act are exempt from income tax on charitable activities. Property used for agricultural charitable purposes: apply to Belize Tax Service for exemption.
Annual Reporting
Annual returns to Companies Registry. CDB-funded entities must provide audited accounts. NGO Act requires annual report to the public.
Land Access
National Lands (Agriculture) via Ministry of Natural Resources (MNR). Agricultural lease: BZD$5–15/acre/yr (~$2.50–7.50 USD). 49-year leases available for qualifying agricultural projects.
BAHA: ORGANIC CERTIFICATION PATHWAY
BAHA (Belize Agriculture Health Authority) has an established organic inspection framework — the only such national framework in the English-speaking Caribbean. BAHA inspectors are trained to USDA NOP (National Organic Program) and EU Regulation 2018/848 standards. CaribVista Land Trust can leverage BAHA's existing inspection infrastructure to reduce organic certification costs. USDA reimbursement: up to 75% of organic certification costs via the USDA Agricultural Marketing Service (AMS) Organic Certification Cost Share Program — available to exporters to the US market.
BAHA Inspection
National Framework
BAHA inspectors certified to USDA NOP + EU 2018/848 standards. Reduces third-party inspection costs significantly.
USDA Cost Share
Up to 75% reimbursed
USDA AMS Organic Certification Cost Share Program reimburses exporters up to 75% of certification costs annually.
EU Tariff Advantage
0% duty (EPA)
EU-CARIFORUM EPA: duty-free, quota-free access for Belize organic exports. 9.6% tariff avoided on cacao.
03 // ORGANIC MARKET ACCESS: TCGA MODEL
Toledo Cacao Growers' Association: The Template
TCGA is the most successful smallholder organic cooperative in the Caribbean. 400+ certified organic Maya Q'eqchi' and Mopan farmer families producing ICO-certified fine-flavour cacao. The cooperative model removes three critical barriers for individual smallholders: certification cost, market access, and working capital. CaribVista Land Trust directly extends this model.
TCGA Core Model
- 400+ certified organic Q'eqchi' and Mopan Maya farmer families
- Cooperative manages AND pays for USDA NOP + EU organic certification on behalf of members
- Handles 75% of Belize's total cacao crop production
- Export buyers: Taza Chocolate, Green & Black's, Dalloway & Rook, specialty chocolatiers
- ICO (International Cocoa Organisation) fine-flavour origin certification: only 19 global origins qualify
Maya Mountain Cacao (MMCCA) Integration
- MMCCA: fermentation and drying centre, post-harvest processing arm
- Pays farmers premiums above commodity market price
- Kiva microfinance: working capital loans for crop cycle financing
- Exported to 20+ specialty chocolate brands globally as of 2024
- Demonstrates full farm-to-export supply chain integration
CaribVista Replication
- CaribVista Land Trust handles satellite monitoring + export certification for all member farmers
- IAGRO SAT provides cacao canopy health monitoring (shade density, fermentation predictors)
- BAHA inspection framework reduces certification cost by 40-60%
- USDA cost share reduces residual certification cost by 75%
- Net result: organic premium access with near-zero individual farmer certification cost
Organic Premium Economics
- Fine-flavour cacao commodity: $2,500–3,500/tonne
- Fine-flavour cacao premium (TCGA-quality, USDA organic): $4,000–8,000/tonne
- Premium uplift: 14–128% above commodity price
- Hot pepper (organic): $3,500–5,500/tonne vs. $1,800–2,200 conventional
- Papaya (organic USDA): 35–65% premium over conventional at US market
FPIC AND INDIGENOUS RIGHTS IN TOLEDO
Toledo District operations are on or adjacent to Q'eqchi' and Mopan Maya customary lands. The 2015 Caribbean Court of Justice (CCJ) ruling in Maya Leaders Alliance v. Government of Belize established that Belize must obtain FPIC before granting any concession on Maya customary land. CaribVista's indigenous community representative on the board serves as the structural FPIC safeguard. TCGA is itself a Maya community institution — CaribVista partnership with TCGA provides automatic community endorsement for Toledo operations.
04 // CDB PATHWAY
CDB Engagement: $1.8M Total Ask
BELIZE CDB MEMBERSHIP STATUS
CDB Member Status
Group A (Borrowing)
Founding CDB member since 1970. Full access to all CDB lending and grant windows.
World Bank Eligibility
IDA Eligible
Belize qualifies for World Bank IDA (International Development Association) concessional finance. Additional funding pathway.
IADB Active Portfolio
Agriculture + Climate
Inter-American Development Bank has active Belize agriculture and climate adaptation portfolio. Complementary co-financing possible.
Active CDB Portfolio
Education + Climate
CDB active in Belize: education infrastructure, climate adaptation, private sector. Existing relationship to leverage.
TECHNICAL ASSISTANCE GRANT
$900K
NGO legal formation ($35K) + pilot site activation (Toledo, 200 ha organic cacao + vegetables: $280K) + first-year satellite monitoring + farmer training programme (50 farmers) + BAHA organic certification cost share + TCGA partnership facilitation + evidence generation infrastructure.
REPAYMENT: NOT REQUIRED (GRANT)
CONCESSIONAL LOAN (SDF WINDOW)
$900K
Working capital for organic crop production (inputs, certification prepayment, labour) + drip irrigation installation ($1,500–5,000/ha) + cold storage unit (15 MT) + cacao fermentation centre (Toledo) + equipment. Repaid from produce and certification premium revenue Year 2-4.
RATE: SDF CONCESSIONAL (1-2% / 25 YR)
RELEVANT CDB AND CO-FINANCING WINDOWS
CDB Special Development Fund (SDF)
Concessional loans at 1-2% for 25 years. Group A BMC eligibility. Belize food security and climate adaptation explicitly eligible.
CDB Technical Assistance Grant
Non-repayable grants up to $1.5M for institution-building and capacity development. Belize eligible as Group A BMC.
World Bank IDA (Belize)
IDA eligibility confirmed. Agriculture and resilience projects align with IDA 20 priorities. Potential co-financing with CDB.
IADB Agriculture Programme (Belize)
Inter-American Development Bank active in Belize agriculture. Organic market development and food security eligible. Co-financing possible.
05 // FINANCIAL MODEL
Revenue Scenarios and Programme Scale
BELIZE ECONOMIC CONTEXT: THE ORGANIC OPPORTUNITY
GDP (2024)
$3.2B
World Bank 2024
Food Import Rate
50%
Lowest in English Caribbean — already improving
Target Import Rate
30%
MAFSE food security strategy
Idle Land Census
89,000 ha
CaribVista satellite census 2026-02-22
Belize is already the lowest food-import-dependent country in the English-speaking Caribbean at 50%. The MAFSE target is 30%. Belize's existing organic infrastructure (BAHA, TCGA, BELTRAIDE) and established export relationships (EU duty-free, US market) mean the marginal cost of adding more certified organic production is substantially lower than in other countries. This is the highest-leverage organic expansion opportunity in the Caribbean.
PILOT YEAR 1
$4.5M
500 ha × $9,000/ha/yr
Toledo (cacao, veg) + Stann Creek (citrus)
Pilot activation: 300 ha organic cacao (Toledo) + 200 ha citrus with HLB monitoring (Stann Creek). Trains 50 farmers.
PHASE 2 (YEAR 3)
$135M
15,000 ha × $9,000/ha/yr
All 6 districts
Scale across Belize: Orange Walk/Corozal (sugarcane diversification), Cayo (mixed veg), Toledo (cacao expansion). ~1,500 farmer families.
FULL PROGRAMME
$801M
89,000 ha × $9,000/ha/yr
All 89K ha idle land
Full idle land census activated. Belize becomes the Caribbean's organic export hub. Import rate falls from 50% to below 30%.
SERVICE FEE PRICING: MARKET JUSTIFICATION
| Vendor | Service | Price | Tier |
|---|---|---|---|
| Farmonaut (India/global) | Satellite crop monitoring SaaS | $8–15/ha/yr | Basic – premium |
| EOSDA Crop Monitoring | Field-level analytics, weather, scouting | $10–20/ha/yr | Pro tier |
| Cropin (AgriStack) | AI-driven crop intelligence, yield forecast | $12–25/ha/yr | Enterprise |
| Planet Labs (PlanetScope) | Daily 3m imagery, field analytics | $15–40/ha/yr | Commercial |
| IAGRO SAT Caribbean (proposed) | Full stack: Sentinel-2 NDVI, SAR, ML classification (citrus HLB, cacao quality), deforestation-free provenance, carbon MRV | $9,000–13,300/ha/yr (activation intelligence) | Full production intelligence |
06 // FOUNDER COMPENSATION AND GOVERNANCE
Reasonable Compensation: The Standard
CARIBVISTA BELIZE LAND TRUST — CEO COMPENSATION
Year 1 CEO SalaryBZD 70,000 – 90,000 (~$35K–$45K USD)
Below median for US land trust CEOs. Above average Belize salary (~$18,000/yr USD). Defensible as "reasonable" under IRS rebuttable presumption test applied by CDB.
Year 3+ (Budget >$3M)BZD 100,000 – 140,000 (~$50K–$70K USD)
Scales with complexity. Still conservative vs. US land trust benchmarks ($95K–$160K for comparable roles). Supported by Candid comparability data.
Performance BonusNone in first 3 years
Bonuses for non-profit CEOs attract donor scrutiny. Revisit after established track record with CDB-audited financials.
BenefitsSocial Security + health insurance (Belize standard)
Belize Social Security contributions: 5% employer, 3% employee. Health insurance: ~BZD$3,600/yr. Required by law.
IRS THREE-STEP REBUTTABLE PRESUMPTION TEST
CaribVista Belize is a Belize-registered entity, but CDB applies international governance norms. The IRS safe harbor is the global reference standard adopted by CDB, World Bank, and IADB: if all three steps are met, compensation is presumed reasonable.
STEP 1: INDEPENDENT APPROVAL
Compensation approved by authorised body composed entirely of individuals with NO conflict of interest. Belize: Compensation Committee of 3 independent board members with no ties to IAGRO SAT Caribbean. TCGA board member as independent comparator.
STEP 2: COMPARABILITY DATA
Committee must obtain and rely upon appropriate comparability data. Sources: Candid 2025 Nonprofit Compensation Report, Land Trust Alliance 2024 Salary Survey, IADB-funded project manager salary data, Belize NGO director salary benchmarks from BELTRAIDE surveys.
STEP 3: CONCURRENT DOCUMENTATION
The basis must be documented at the time of decision. Board minutes must record: terms approved, data relied upon, members present, votes cast, conflicts noted. Filed with NGO registration and provided to CDB in grant reporting.
07 // BOARD GOVERNANCE
7-Member Board Composition
Belize's multi-ethnic, multi-district agricultural landscape requires a board that represents northern sugarcane constituencies, southern organic cacao communities, and Toledo Maya indigenous rights holders. Four independent directors; two elected farmer representatives from different crop systems; one Q'eqchi'/Mopan Maya representative.
1
Independent Director #1
Legal/Governance: Belize attorney specialising in NGO, land, or environmental law. Must have NO financial ties to IAGRO SAT Caribbean or the founder. Familiarity with Companies Act Cap. 250 and NGO Act required.
2
Independent Director #2
Agricultural sector: MAFSE officer (retired or seconded), University of Belize agriculture faculty, or BAHA leadership. Deep knowledge of Belize crop systems, export certification, and CARICOM market access.
3
Independent Director #3
Financial management: Chartered Accountant with CDB reporting experience or international NGO finance background. Chairs Audit Committee. Annual audit oversight.
4
Independent Director #4
Cacao / organic market expertise: TCGA board member, BELTRAIDE officer, or organic certification specialist. Brings organic supply chain knowledge critical to Toledo expansion.
5
Farmer Representative #1 (Northern/Sugarcane)
Active farmer from Orange Walk or Corozal District. Elected by participating farmer cooperative. Represents sugarcane diversification constituency.
6
Farmer Representative #2 (Southern/Cacao)
Active farmer from Toledo District, ideally TCGA member. Represents Maya smallholder organic farming interests.
7
Indigenous Community Representative
Q'eqchi' or Mopan Maya nominee, with preference for TCGA-affiliated community leader. FPIC guardian role for Toledo District operations on or adjacent to Maya customary lands.
FOUNDER RECUSAL PROTOCOL
Recuse from ALL votes on own salary
Independent compensation committee (3 members) sets and approves CEO compensation. Founder leaves the room and is not copied on deliberations.
Recuse from ALL votes on IAGRO SAT contracts
Independent board approves service agreement. Founder declares conflict, documented in minutes, leaves the room. Filed with CDB.
Annual conflict disclosure
All board members and officers sign annual conflict of interest disclosure. Filed with NGO registration and provided to CDB auditors.
Caribbean Court of Justice jurisdiction
CCJ ruling (2015, Maya Leaders Alliance v. Belize) governs indigenous land rights interpretation. CaribVista governance explicitly aligned with CCJ precedent.
08 // REAL-WORLD PRECEDENTS
Five Proven Models That Underpin This Structure
P1
Toledo Cacao Growers' Association (TCGA)
SMALLHOLDER ORGANIC COOPERATIVE
TCGA represents 400+ certified organic Maya cacao farmers in Toledo District. The cooperative manages and pays for USDA and EU organic certification on behalf of individual smallholders — removing the single biggest barrier to premium market access. Farmers export to Taza Chocolate, Green & Black's, and specialty chocolatiers. Kiva microfinance integrated for working capital. Handles 75% of Belize's cacao crop. ICO-certified fine-flavour origin.
LESSON FOR CARIBVISTA
A cooperative model where the organisation handles certification costs and market relationships on behalf of individual smallholders is proven in Belize. CaribVista Land Trust replicates this: it handles satellite monitoring, export certification, and market relationships so individual farmers do not bear these costs.
Source: tcgabelize.com / icco.org
P2
Maya Mountain Cacao (MMCCA)
SOCIAL ENTERPRISE / COOPERATIVE PROCESSOR
MMCCA is the post-harvest processing and export arm that works alongside TCGA. Operates a fermentation and drying centre. Pays farmers premium prices above commodity market. Kiva microfinance partnerships provide crop cycle financing to member farmers. Exported to 20+ specialty chocolate brands globally. Demonstrates full supply chain integration from farm to export buyer.
LESSON FOR CARIBVISTA
Vertically integrated processing (TCGA/MMCCA together) creates premium market capture at the cooperative level. CaribVista can replicate this model for other crops by providing satellite intelligence for quality verification and export certification support.
Source: mayamountaincacao.com / kiva.org
P3
BSI / ASR Group: Sugar Diversification Model
AGRO-INDUSTRIAL LAND PARTNERSHIP
Belize Sugar Industries (ASR Group subsidiary) is Belize's largest agricultural employer (~7,000 sugarcane farmer families). BSI owns processing infrastructure (Libertad mill). In response to falling EU sugar prices and quota removal, BSI has explored crop diversification on adjacent idle lands. The Orange Walk district has ~12,000 ha of BSI-adjacent idle land that could be activated for diversified production without displacing cane farmers.
LESSON FOR CARIBVISTA
Major agro-industrial companies in Belize are actively seeking partners for idle land diversification. CaribVista's satellite intelligence services can provide the crop monitoring and market intelligence BSI needs to expand its supplier base beyond sugarcane.
Source: belizesugar.com / asrgroup.com
P4
Belize Forest Carbon Market
REDD+ / VOLUNTARY CARBON MARKET
Belize is the only country in Central America and the Caribbean with a functioning forest carbon market as of 2024. The Belize Maya Forest project (Wildlife Conservation Society) sold verified carbon credits from the Rio Bravo Conservation Area. VCS (Verra) methodology, CCBA social and biodiversity standards. BFCF (Belize Forest Carbon Fund) manages proceeds and distributes payments to land managers.
LESSON FOR CARIBVISTA
Belize has an existing voluntary carbon market infrastructure. CaribVista's deforestation-free satellite provenance engine and REDD+ MRV capability can plug into this existing framework, adding a carbon finance revenue stream to CaribVista Land Trust operations.
Source: verra.org / wcsbelize.org
P5
Mozilla Foundation + Corporation
PARENT-SUBSIDIARY DUAL ENTITY
Non-profit foundation created for-profit Corporation (2005) to handle $500M+ in search revenue. Foundation owns 100% of Corporation. All related-party transactions disclosed in annual Form 990. Independent board majority governs the non-profit. The for-profit pays market-rate licensing fees to the foundation for use of intellectual property.
LESSON FOR CARIBVISTA
Non-profit can legitimately contract with or own a for-profit when it serves the mission. Full transparency is the requirement, not prohibition. This is the global governance reference standard.
Source: mozilla.org/foundation/moco/
09 // GOVERNMENT AND INSTITUTIONAL PARTNERSHIPS
Institutional Partnership Map
MAFSE
MINISTRY OF AGRICULTURE, FOOD SECURITY AND ENTERPRISE
Primary government partner. Policy alignment, extension services, farmer registration, crop statistics. MAFSE manages the national lands agricultural programme and approves land-use changes.
MOU + land use approvals
BAHA
BELIZE AGRICULTURE HEALTH AUTHORITY
Organic certification authority. BAHA inspectors certified to USDA NOP and EU 2018/848 standards. Phytosanitary export certification. HLB (citrus greening) national surveillance programme.
Organic inspection partnership
BELTRAIDE
BELIZE TRADE AND INVESTMENT DEVELOPMENT SERVICE
Export market access and facilitation. Manages EU-CARIFORUM EPA tariff schedules. Cacao and marine product export data. Investment incentives for qualifying agricultural exporters.
Export market facilitation
TCGA
TOLEDO CACAO GROWERS' ASSOCIATION
400+ certified organic Maya farmer families. Handles 75% of Belize cacao crop. Proven cooperative model for group certification, premium market access, working capital. Direct template for CaribVista model.
Cooperative expansion partner
BSI / ASR Group
BELIZE SUGAR INDUSTRIES
Belize's largest agricultural employer (~7,000 sugarcane families). Orange Walk and Corozal districts. Adjacent idle land (~12,000 ha) potentially available for diversified crop partnership. BSI processing infrastructure may be co-utilised.
Land access + diversification MOU
MNR
MINISTRY OF NATURAL RESOURCES (LANDS DEPT.)
National lands lease administration. BZD$5–15/acre/yr agricultural lease rates. 49-year leases for qualifying agricultural development. Gateway for all national land access.
Agricultural land lease
10 // SOURCE DIRECTORY
Citations: Every Governance Claim Sourced
All legal requirements, financial figures, governance standards, organic market data, and institutional partnerships are traceable to primary sources.
S-BZ-01
Companies Act of Belize, Cap. 250 — Companies Registry, Belmopan
https://www.belize.gov.bz/companies-registry/Company registration requirements, director obligations, annual returns, NGO company limited by guarantee provisions.
S-BZ-02
Non-Governmental Organizations Act, Belize — Ministry responsible for NGOs
https://www.belize.gov.bz/NGO registration requirements, Constitution/Articles of Association, annual registration renewal, income tax exemption pathway.
S-BZ-03
Income Tax Act, Belize — Section 9: NPO Tax Exemption
https://www.belizetradeinfo.com/resources/downloads/income-tax-act.pdfNon-profit income tax exemption on charitable activities, conditions for exemption, annual GRA filing requirements.
S-BZ-04
Caribbean Court of Justice: Maya Leaders Alliance v. Government of Belize (2015)
https://www.caribbeancourtofjustice.org/FPIC requirement for concessions on Maya customary land, community rights precedent, Toledo District governance implications.
S-BZ-05
MAFSE — Ministry of Agriculture, Food Security and Enterprise, Belize
https://www.mafse.gov.bz/Agricultural policy, extension services, farmer registration, crop statistics, national lands agricultural programme, food security targets.
S-BZ-06
BAHA — Belize Agriculture Health Authority: Organic Inspection Framework
https://www.baha.bz/USDA NOP and EU 2018/848 certified inspectors, organic certification authority, HLB citrus greening surveillance, export phytosanitary certification.
S-BZ-07
MNR — Ministry of Natural Resources, Belize: National Lands Agricultural Lease Rates
https://mnra.gov.bz/BZD$5–15/acre/yr agricultural lease rate, 49-year lease terms for qualifying development, national lands allocation process.
S-BZ-08
BELTRAIDE — Belize Trade and Investment Development Service: Export Data
https://www.beltraide.com/Cacao export data, marine products ($120M/yr), overall export composition, investment incentives, EU-CARIFORUM EPA tariff schedules.
S-BZ-09
CDB: Procurement Procedures for CDB-Financed Projects (January 2021)
https://www.caribank.org/sites/default/files/publication-resources/190603%20Procurement%20Procedures%20for%20CDB%20Financed%20Projects%20FINAL.pdfConflict of interest disclosure, competitive procurement for technology vendors, related-party transaction rules, audit standards for Belize CDB-funded projects.
S-BZ-10
CDB: Special Development Fund (SDF) — Belize Eligibility
https://www.caribank.org/1-2% concessional rate, 25-year term, Group A BMC eligibility. Belize confirmed borrowing member since 1970.
S-BZ-11
World Bank: IDA (International Development Association) — Belize Eligibility
https://www.worldbank.org/en/country/belizeBelize IDA eligibility confirmed. Agriculture and resilience projects align with IDA 20 priorities. Co-financing pathway with CDB.
S-BZ-12
TCGA — Toledo Cacao Growers' Association: Cooperative Model
https://tcgabelize.com/400+ certified organic Maya farmer members, handles 75% of Belize cacao crop, group certification management, export buyer relationships, Kiva microfinance integration.
S-BZ-13
Maya Mountain Cacao (MMCCA): Supply Chain Integration
https://mayamountaincacao.com/Post-harvest fermentation and drying centre, farmer premium payments above commodity, 20+ specialty chocolate brand export relationships.
S-BZ-14
ICO — International Cocoa Organisation: Fine Flavour Cacao Origins List
https://www.icco.org/Belize classified as fine-flavour origin. Only 19 global origins qualify. Premium pricing $4,000–8,000/tonne vs. $2,500–3,500 commodity.
S-BZ-15
USDA AMS: Organic Certification Cost Share Program
https://www.ams.usda.gov/services/grants/occspReimburses up to 75% of organic certification costs for US market exporters annually. Direct cost reduction for CaribVista member farmers.
S-BZ-16
EU-CARIFORUM Economic Partnership Agreement: Belize Tariff Schedule
https://trade.ec.europa.eu/access-to-markets/en/content/eu-cariforum-economic-partnership-agreementDuty-free, quota-free EU market access for Belize agricultural exports. 9.6% cacao tariff avoided. Critical for premium organic export strategy.
S-BZ-17
IRS Rev. Proc. 59-60 / IRC Section 4958: Reasonable Compensation Standard
https://www.irs.gov/charities-non-profits/exempt-organization-annual-reporting-requirements-meaning-of-reasonable-compensationThree-step rebuttable presumption test, comparability data requirement, excess benefit transaction penalties. Adopted as CDB governance reference standard.
S-BZ-18
Candid 2025 Nonprofit Compensation Report (130,000+ IRS filings)
https://candid.org/blogs/candid-2025-nonprofit-compensation-report-irs-data-executive-salaries/Median non-profit CEO salary $110,000, salary by budget size, compensation ranges for land trust-scale organisations.
S-BZ-19
Land Trust Alliance 2024 Salary Survey (264 organisations)
https://landtrustalliance.org/resources/learn/explore/2024-salary-surveyLand trust CEO salary $85,000–$130,000 for $1–5M budget organisations. Primary US comparability data for CaribVista compensation review.
S-BZ-20
OECD Transfer Pricing Guidelines for Multinational Enterprises (2022)
https://www.oecd.org/en/topics/sub-issues/transfer-pricing-guidelines.htmlArms-length principle, comparable uncontrolled price method, documentation requirements for dual entity related-party transactions.
CARIBVISTA BELIZE DOSSIER
Executive Brief
BZ satellite census + proposal
Agriculture Feasibility
Costs, crops, MAFSE partnership
Proof Annex
Every number sourced
Full Dossier
30 sections, satellite data
CaribVista | IAGRO SAT Caribbean // Entity Structure // Belize // 2026-02-24
CaribVista Belize Land Trust is a proposed entity, not yet incorporated.
Data: Companies Act Cap. 250 | NGO Act | BAHA | TCGA | BELTRAIDE | CCJ 2015 | CDB SDF
Contact: partnerships@iagrosat.com