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

May 18, 2018

Belize farm offers look into the world of spices

Toledo District, Belize — When vanilla begins to bloom in the summer months, farm workers at the Belize Spice Farm...
Read More
May 17, 2018

What’s in My Daypack: Belize Edition

The items you stuff into your daypack for an exciting adventure can be critical. I just returned from Belize where...
Read More
May 16, 2018

The Ultimate Travel And Diving Guide For Caye Caulker, Belize

Off the coast of Belize City lies a paradise for divers and backpackers alike in the form of the island...
Read More
May 10, 2018

Peter Pan’s Neverland Found in Belize

What happens when a well-known YouTuber reports that they found “Neverland” in your country? You start a tourism campaign to...
Read More
May 10, 2018

7 Must-See Ruins in Belize

Think only Mexico has Mayan ruins? Think again. Its neighbor to the south, Belize, boasts the largest number of ancient...
Read More
May 10, 2018

Condé Nast Traveler

How to rent your own private island in Belize Further read Reads more:
Read More
May 10, 2018

Belize’s Hidden Treasures

Our inaugural Belize’s Hidden Treasures tour was a wonderful immersion into the deep forests of Western Belize. Based at two...
Read More
May 10, 2018

Traveling in Belize with Career Expert Julie Hochheiser Ilkovich

Back in 2014, career expert and content strategist Julie Hocheiser Ilkovich packed her bags and moved to Belize for 6...
Read More
May 10, 2018

7-Night Solo Belize Trip From $317 With Flights & Beachfront Hostel

Belize offers stunning coastlines, incredible scuba and snorkeling opportunities, and plenty of sunshine. We've paired up cheap round-trip flights with...
Read More
1 2 3 17




Leave a Comment


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password


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