An article published by Forbes Magazine this year entitled “Quit your job and live in Belize” discussed a number of options available for Americans to move abroad to low-cost areas where they can enjoy a comfortable life. One of the top locations to make the Forbes list was Belize, a small Central American country on the Caribbean coast just south of Mexico’s Yucatan Peninsula.
The top destination for retirees and expats in Belize is the northern Corozal District. Located across the Chetumal Bay from the top tourist destination of Ambergris Caye, Corozal has a thriving population of expats that regularly attend services together and organize social events.
One of the top draws for expats who move to Corozal is the close proximity to the Mexican border. Corozal Town, the capital of Corozal District, is just nine miles from Mexico. As Mexico has a much more well-developed economy and manufacturing center, residents of Corozal can get access to top healthcare facilities, use the airport at Cancun for additional low-cost flight options, and shop at familiar retailers like Sam’s Club and Walmart.
Corozal is only about 90 miles from Belize City, home to the country’s only international airport. All of the biggest American airlines, including United, Delta, American Airlines, and Southwest fly nonstop to Belize City from major cities across the country. And two of Canada’s biggest airlines, WestJet and Air Canada, also both offer non-stop flights to Belize City.
The government of Belize offers a number of attractive options for retirees, including the QRP program that allows qualifying members age 45 and up, along with their families, to easily gain residency status. The QRP program also allows for the tax-free importation of personal goods, including cars, boats, and light aircraft. The government of Belize does not impose any taxes on income derived outside the country.
Retirees and expats love Belize for its year-round balmy weather, beautiful nature, and a laid-back pace of life conducive to health and inner wellbeing. Belize grows a smorgasbord of organic, fresh produce that is incredibly affordable, and living expenses are quite low. It’s also easy to get household help for around $15-20 a day, allowing retirees and expats to spend more time on the things that make them happy.
Cerros Sands is a gated, master-planned community located in the Corozal District of Belize Developed by an American who lives on site with his family, Cerros Sands is the best place to buy property, live, and invest in Belize.