transforming Secured Transactions in Belize: Belize's Movable Property & Security Rights Registry - Belize Companies and Corporate Affairs Registry
The Challenge Prior to the introduction of the Movable Property and Security rights legal framework and Registry, Belize faced significant barriers in secured lending: The Solution In response to the challenges of accessing credit and securing financing, Belize took a significant step forward by enacting the Movable Property and Security Rights Act No. 21 of...
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About this Belize website
The Challenge Prior to the introduction of the Movable Property and Security rights legal framework and Registry, Belize faced significant barriers in secured lending: The Solution In response to the challenges of accessing credit and securing financing, Belize took a significant step forward by enacting the Movable Property and Security Rights Act No. 21 of...
- Publisher
- bccar.bz
- First discovered
- 13 September 2026
- Last checked
- 14 September 2026
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The Challenge
Prior to the introduction of the Movable Property and Security rights legal framework and Registry, Belize faced significant barriers in secured lending: Limited Access to Credit – MSMEs, which make up approximately 90% of businesses in Belize, struggled to obtain financing due to reliance on immovable assets as collateral. Outdated Legal Framework – The absence of a comprehensive and modern secured transactions legal framework limited lenders’ willingness to accept movable assets as collateral. Delayed Loan Processing – Manual processes created delays in credit approval and disbursement. Challenges in attaining complete transparency – The absence of an online registry for recording security
The Solution
In response to the challenges of accessing credit and securing financing, Belize took a significant step forward by enacting the Movable Property and Security Rights Act No. 21 of 2024 (MPSR) and launching the Secured Transactions and Collateral Registry (STCR) on November 25, 2024. This groundbreaking and innovative initiative empowers businesses, entrepreneurs, and individuals by allowing them to leverage a wide range of movable assets (new and used), such as equipment, vehicles, inventory, and intellectual property as collateral when seeking loans from financial institutions or lenders.Official launch of the Secured Transaction and Collateral Registry by Narda Garcia, Chief Executive Offi
