Homes for Sale in Belize Real Estate
Everyone dreams about retirement and one day living in an exotic
tranquil locale, complete with sun drenched beaches and limitless recreational activities on land and in beautiful tropical waters.
Belize, known in travel circles as "Mother Nature's Best Kept Secret", is truly a tropical paradise. An exotic tropical paradise that is now opening it's doors to all your dreams of new experiences.
Who is eligible for the Qualified Retirement Program offered in Belize?
Anyone forty-five years and older from anywhere in the world can qualify for the Belize retirement program. A person who qualifies can also include his or her dependents in the retirement program.
All persons who have been designated a Qualified Retired Person shall be entitled, on first entering Belize, to import his or her personal effects and an approved means of transportation free, such as a motor vehicle, boat, or light aircraft of all import duties and taxes.
A Qualified Retired Person shall be exempt from the payment of all taxes and levies on all income or receipts which accrue to him or her from a source outside of Belize whether that income is generated from work performed or from an investment. All privileges, exemptions and regulations are governed by the Belize Retired Persons (Incentives) Act, 1999.
In order to qualify for retirement in Belize, there are a few requirements that you must meet. Currently, you must be at least 45 years of age in order to qualify for the retirement program. If you qualify, then your dependents and spouse can be included with you on your application.
You must also meet some financial requirements. Under current law, applicants must be able to provide proof of at least US$2, 000 per month. Applicants must also permit a background check to be completed by the Ministry of National Security.
Unlike most countries, the retirement program in Belize is sponsored by the Belize Tourism Board, who forwards all applications and materials to the Department of Immigration and Nationality. When you submit your application, you will need the following: a birth certificate, a marriage certificate if you are bringing a spouse and dependants, a police record not issued more than one month prior to application, a passport, the aforementioned proof of income, four passport size photos and a medical exam, which includes an AIDS test. And you will have to pay all the fees associated with the application.