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Moving to Belize::::Retire In Belize
Retire In Belize
Retire In Belize
Belize is vastly becoming one of the hottest countries to retire
nowadays. If you are one to join the bandwagon, then be sure to know
all about the attractive retirement program that awaits you, once you
have decided to retire in Belize.
The Retirement Person Incentive Act has been designed by the
government to attract foreign retirees, including their dependents, to
choose Belize as their country of retreat and become what they call as
‘Qualified Retired Persons’.
If you retire in Belize, the main incentives are the following:
• Taxes from personal belongings like approved means of
transportation (it can be motor, boat or light aircraft vehicle).
• There is a maximum exemption of USD 15,000 for tax/duty
household item. This includes all income generated abroad from work
or investments.
Before you retire in Belize, you must first know the general
requirements for application. You have to be at least 45 years old in
order to submit an application to retire in Belize. The retirement
program generally accepts nationalities from Canada, United States of
America, United Kingdom and Belizeans. Take note that Belize
citizens can only apply if they have been permanent residents of the
nations aforementioned.
The required proofs for application are the following:
• A document showing a monthly pension of at least USD 1,000.
• Revenue certificates which are generated from current
investments. Retirement applicants should deposit at least USD 2,000
monthly to a local Belize banking institution.
• All the financial deposits should be in US dollars only.
• A contract will be signed by the 'Qualified Retirement Person'
that the agreed deposits will be made regularly.
• Police records and clearance from previous country of
residence should be presented.
• A medical certificate, along with a recent HIV test must be
submitted together with the completed application form.
• If the qualified applicant wish to leave the program and renounce
his or her status, all imported assets declared under the Retirement
Persons Act must be liquidated accordingly, as stated on the program.
Getting to know the country is also a must when relocating and
retiring Belize. Take note that Belize is a former colony of the United
Kingdom and they are the only Central American country with English
as the national language. Its neighboring countries are Guatemala on
the west and south; and Mexico is located on its north. The country’s
currency is called the Belizean Dollar (BZD) and its value is
approximately half of the US dollar (depending on foreign exchange
rates). The major religion is Roman Catholic which is followed by half
of the populace and the a fourth are Protestants. Other religions
present are Hinduism, Taoism, Buddhism and Islam.
Retire In Belize
nowadays. If you are one to join the bandwagon, then be sure to know
all about the attractive retirement program that awaits you, once you
have decided to retire in Belize.
The Retirement Person Incentive Act has been designed by the
government to attract foreign retirees, including their dependents, to
choose Belize as their country of retreat and become what they call as
‘Qualified Retired Persons’.
If you retire in Belize, the main incentives are the following:
• Taxes from personal belongings like approved means of
transportation (it can be motor, boat or light aircraft vehicle).
• There is a maximum exemption of USD 15,000 for tax/duty
household item. This includes all income generated abroad from work
or investments.
Before you retire in Belize, you must first know the general
requirements for application. You have to be at least 45 years old in
order to submit an application to retire in Belize. The retirement
program generally accepts nationalities from Canada, United States of
America, United Kingdom and Belizeans. Take note that Belize
citizens can only apply if they have been permanent residents of the
nations aforementioned.
The required proofs for application are the following:
• A document showing a monthly pension of at least USD 1,000.
• Revenue certificates which are generated from current
investments. Retirement applicants should deposit at least USD 2,000
monthly to a local Belize banking institution.
• All the financial deposits should be in US dollars only.
• A contract will be signed by the 'Qualified Retirement Person'
that the agreed deposits will be made regularly.
• Police records and clearance from previous country of
residence should be presented.
• A medical certificate, along with a recent HIV test must be
submitted together with the completed application form.
• If the qualified applicant wish to leave the program and renounce
his or her status, all imported assets declared under the Retirement
Persons Act must be liquidated accordingly, as stated on the program.
Getting to know the country is also a must when relocating and
retiring Belize. Take note that Belize is a former colony of the United
Kingdom and they are the only Central American country with English
as the national language. Its neighboring countries are Guatemala on
the west and south; and Mexico is located on its north. The country’s
currency is called the Belizean Dollar (BZD) and its value is
approximately half of the US dollar (depending on foreign exchange
rates). The major religion is Roman Catholic which is followed by half
of the populace and the a fourth are Protestants. Other religions
present are Hinduism, Taoism, Buddhism and Islam.
Retire In Belize
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