Belize climate and tax advantages make it a retirement destination

Photo by: El Secreto Beach Resort in Ambergris Caye, Belize

BELIZE, August 31, 2014 – Belize’s year round warm climate makes it a number one vacation, and now retirement destination. The Qualified Retired Person’s Programme provides exemption from taxes on income and import duties for expats living in Belize, adding to its attractiveness that includes plenty of recreational options as well as daily familiarities, like an easy currency exchange, for Americans.

Following are 15 reasons to consider becoming an expat that makes Belize their new home away from home.

  1. There is no need to learn a new language before you move to Belize. Belize is a former British colony and while Spanish is commonly spoken, most in Belize are bilingual and most media, signs and documents are in English.
  2. If you have children, the schools are English speaking and highly regarded by locals and newcomers alike.
  3. Like Mexico, the U.S. dollar is still accepted nearly everywhere except for government offices. Currently, the Belize dollar is locked in at 2 BZD to 1 USD, so figuring costs is a snap.
  4. The Belize economy has a very low inflation rate when compared to the rest of the globe.
  5. Access to the internet and smart phone support is improving. Internet access and mobile phone service are still more expensive than in America, but this should change in the future as the infrastructure continues to improve and competitive pricing begins to set in. A way around this is to set up satellite services, which are available for only a little more than U.S. prices.
  6. Whereas many property investments are rapidly losing value in the U.S., property values are increasing in many areas of Belize.
  7. The legal system is familiar. Based on British law, incoming Americans are not confused by local legal standards as they are by other South American systems.
  8. There are no restrictions for foreigners who want to buy property in Belize. Whether you are a foreigner or a native, you have the same property rights and your property is securely yours unless you abandon it for 20 years or fail to pay taxes.
  9. It is much more affordable to live in Belize. Medical care, entertainment, gardening, insurance and property taxes all cost less in Belize than in the United States.
  10. Food is much more affordable, especially seafood and fresh produce which is available year round due to the tropical climate.
  11. Food is higher in quality. Beef is grass fed, chickens and eggs are free range and fresh, unprocessed fruits and vegetables are cheap and available all year.
  12. Living in Belize is healthier. Those who retire in Belize report living a much healthier and more active lifestyle due to the availability of affordable fresh foods and beautiful climate which encourages physical activity.
  13. Belize real estate is much more affordable. Roughly $20,000 will buy a modest, prefabricated three bedroom house, fully equipped with plumbing and power. More substantial homes which are designed to handle the occasional severe storms will cost between $40 to $80 a square foot. If you are considering where to retire in Belize, the beach is affordable; with the cost of a waterfront lot runs from $40,000 to $110,000, a huge discount compared to southern California or Florida property. Rent runs around $400 a month for a decently sized home.
  14. You won’t get bored. Belize retirement homes offer plenty of exciting activities from exploring the great outdoors and ancient Maya ruins to making new friends. There is always something to do in Belize that provides far more interest than vegetating on a sofa in front of the TV.
  15. The natives are friendly. Belizeans put friends and family first, which creates a very warm and welcoming atmosphere. Many citizens of Belize have relatives in North America or have even lived there themselves, so they don’t mind giving tips or showing newcomers how to live or retire in Belize in style.

Top Places to Stay in Belize






Belize Tour Companies and Travel Agents

Belize Real Estate Opportunities






June 29, 2018

How the Belize Barrier Reef Beat the Endangered List

An oil drilling moratorium, development restrictions and fishing reform has helped the 200-mile-reef come off Unesco’s endangered world heritage sites...
Read More
June 26, 2018

What the New Alaia Belize Will Look Like

The newest addition to Belize’s fast-growing hotel pipeline is on track for 2020, and now we’ve gotten the exclusive first...
Read More
June 26, 2018

Saving the underwater wonder world of Belize’s reef

Just a stone’s throw off the coast of Belize, brightly colored tropical fish mingle with sharks, manta rays and sea...
Read More
June 26, 2018

RCL Exclusive Your Off-the-Grid Guide to Belize

Belize is the tropical vacation version of a perfect meal. Light appetizer, indulgent main course, decadent dessert and booze …...
Read More
June 17, 2018

Latham: Hard work must be the national symbol of Belize

BELIZE CITY, Belize — Belize is tiny for a country — about the land size of Maryland — but it...
Read More
June 17, 2018

7 Ambergris Caye Restaurants Secret Special Request Options

Once you have lived on Ambergris Caye awhile, you get to know which restaurants have off-menu special request options. Read...
Read More
June 12, 2018

Please Belize Me: Ten Reasons to Put Ambergris Caye on Travel List

After a year of procrastination and poor planning, Belize finally made it on my to do list in 2018. Read...
Read More
June 12, 2018

Autograph Collection Hotels Set to Debut in Belize with the Opening of Alaia

Autograph Collection Hotels, in partnership with owner and developer Andrew Ashcroft, today announced the brand will debut in Belize with the...
Read More
June 12, 2018

5 Reasons to Vacation in Belize this Summer

Summer is the busiest season for travel to Europe. That’s where most vacationers are headed during the months of June,...
Read More
1 2 3 19

Comments

comments

0 Comments

Leave a Comment

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register

Close
Please support the site
By clicking any of these buttons you help our site to get better
Banner-1