Retire in Belize

Beach chairs, Belize

For more information on retirement programme and application forms visit this link: http://www.belizeretirement.org/

Dream about retiring and living in an exotic paradise island, complete with sunny beaches and unlimited recreational activities on both land and stunning crystal clear tropical waters. This dream can soon be your reality!

Belize is also known as “Mother Nature’s Best Kept Secret”, and is a true tropical paradise. This exotic paradise is opening its doors to all your dreams and desires.

 

Who’s eligible for Qualified Retirement Programme in Belize?

Anyone aged 45 and older, from anywhere in the world is eligible for the Qualified Retirement Programme. Someone who qualifies can also include their dependants in the programme.

 

Persons who have been delegated a Qualified Retired Person shall be entitled on first entering Belize to import their personal effects and an approved means of transportation free, including motor vehicles, boats, or light aircraft’s of all import duties and taxes.

 

A Qualified Retired Person shall be exempt from the payment of all taxes and levies on all receipts or income which accumulate from a source outside of Belize that income is generated from work preformed or from an investment. All privileges, exemptions and regulations are governed by the Belize Retired Person (Incentives) Act, 1999.

 

There are a few requirements that you must meet in order to qualify for retirement in Belize. You must currently be 45 years old or older in order to qualify for the retirement programme. If you quality, your dependants and spouse can then be included with you on your application.

 

Some financial requirements must also be met. Under the current law, applicants must be able to provide proof of an income of at least US$2,000.00 per month. Applicants must also permit a background check to be completed by the Ministry of National Security.

 

Unlike most countries, the Belize retirement programme is sponsored by the Belize Tourism Board, who forwards all applications and materials to the Department of Immigration and Nationality. Once you submit your application, you will need the following: birth certificate, marriage certificate if you are bringing a spouse and dependants, police record not issued more than a month prior to the application, passport, the previously mentioned proof of income, four passport sized photos and a medical exam, including an AIDS test. You will have to pay all the fees associated with the application also.

 

Currently, fees that applies for the Belize retirement programme are broken down into four separate categories. First, a non-refundable fee of $150.00 is due when you submit your application. If you are accepted to the programme, you will then need to pay a programme fee of $1000.00 upon acceptance. Once accepted you will have to pay $200.00 in order to receive your residency card. If you have any dependants, then there is a fee of $750.00 for each dependent to enter the programme with you.

 

If you are accepted to the programme, you should known that once you arrive in Belize, you are not allowed to seek employment or work for pay while in the country as a member of the retirement programme.

 

 

PLEASE NOT THAT THESE REGULATIONS ARE SUBJECT TO CHANGE. FOR THE CURRENT REGULATIONS, CONTACT THE BELIZE TOURISM BOARD.

For more information, we suggest that you read this article written by Len Suder, a well known Belize author.

 

Belize Home Page

 

 

The Belize Government has approved a series of legislative measures to make Belize an ideal retirement and offshore location.

 

The Retired Persons (Incentives) Act of Belize : Offering certain tax exemptions and incentives to qualified reired persons.

The Limited Liability Partnerships Act of Belize : Permitting the creation of limited liability partnerships.

The International Financial Services Commission Act of Belize : Seeking to promote, protect and enhance Belize as an international financial service centres centre and regulate the provision of international financial services.

The Belize Trust Act in 1992 : For the benefit of any person whether or not ascertained or in existence and for the valid charitable or non-charitable benefit of all.

The Belize International Banking Act of 1996 : coinciding with the Money Laundering (Prevention) Act which established mechanisms and procedures to ensure that Belize’s financial institutions are not used to disguise the source of illicit funds.

 

Because of these laws, Belize has become the retirement and offshore realm of choice.

 

Belize Home Page

 

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