Belize is one of the best places on earth to invest.
A former British colony, Belize uses English as its official language and the government warmly welcomes foreign investors. There are zero restrictions on owning, buying, or selling property, and there are very few taxes in Belize. For instance, there is no capital gains tax in Belize, and property taxes are .1% of the value of the land.
Many people choose to invest in a vacation home in Belize simply because the weather is so fabulous all year-round. Beyond balmy temperatures, Belize is also a natural wonderland. There are hundreds of offshore islands, lush rainforests in the interior, impossibly beautiful beaches, and a cornucopia of birds and exotic wildlife everywhere you go.Investing in a vacation home can also be a wise financial movement. The yearly increases in the number of tourists visiting Belize have made renting property an option. And with the ability to own land via an offshore company, investing in a vacation home in Belize is a great way to protect your assets.
With high accolades from publications such as Investopedia and the AARP, it’s no wonder why more and more people are choosing to retire in Belize.
Living costs are quite low, and the government’s Qualified Retired Person (QRP) program allows retirees to easily obtain permanent residency in the country. The QRP program imposes no taxes on income earned outside the country, and retirees can import all of their personal belongings (including vehicles) duty-free.
And now that all six of the largest airlines in North America have non-stop flights to major cities across Canada and the United States, it’s very easy to stay in touch with family, friends, and businesses back home.
A New Home
As English is the official language, and all the signs and rules of the road are identical to the United States (including distances measured in miles and gasoline sold by the gallon), retirees and expats feel right at home in Belize.
How to Finance Your Dreams
Belize has five domestic banks and five international banks, making it really easy for non-residents to obtain offshore bank accounts. Belize has a stable currency permanently pegged to the US dollar, making it easy to budget for expenses.