Ever heard of the phrase, “Strike while the iron is hot?” That’s an old English saying that refers to doing things at the most advantageous time. Many property owners today are heeding this trusty piece of advice by investing in Belize. Thanks to the country’s advantageous tax structure and burgeoning tourism industry, Belize is the perfect place to not just protect your wealth but even allow you to continue to grow it.
Major media publications such as CBS News, The Telegraph (UK), Huffington Post, and Forbes magazine have identified Belize as one of the best places to buy real estate. Why? Because you can still get prime properties at affordable prices, the country is undergoing a real estate boom, and the country is astonishingly beautiful.
When you choose to invest in real estate in Belize, it’s easy to keep an eye on your holdings. Whether you choose to live in the country or take advantage of low-cost non-stop flights to the United States and Canada, you’re always on hand to manage your property. And with airfare prices half what they were just a few years ago, you’ve got plenty of flexibility.
Belize welcomes foreign investment, and buying property in the country is easy. You can even send and receive important documents via fax. Best of all, English is the national language of Belize, so you’ll never have to struggle to understand the paperwork.
Belize is also a very stable place to invest in real estate. The country has a currency that’s permanently pegged to the U.S. dollars, so you’ll never have to worry about fluctuations. And Belize’s peaceful and stable democratic government ensures long-term stability that you won’t find in many of the country’s neighbors.
Foreigners have exactly the same rights and protections as Belizean nations. And the country’s judicial system, inherited from the British, strictly protects property owners. In Belize, there are no squatter’s rights. And there are zero restrictions on foreigners owning land and property in Belize.
Belize is also a well-recognized offshore haven. The ability to set up an offshore company allows you to protect your assets. Furthermore, Belize does not impose either capital gains or estate taxes. And property taxes are very low (just 1-1.5%) while rental income is taxed at just 1.75% of gross receipts.
When you invest in real estate in Belize, your property can easily be rented during the time when you’re outside the country. Thanks to the balmy weather year-round and a booming tourism industry, it’s easy to find tenants. And a low cost of living makes every dollar go much further.