Belize: Expat Potential and Caribbean Flair
Belize is rapidly becoming one of the hottest property markets in the Caribbean. With plenty of sunshine and warm temperatures all year round, a friendly and welcoming populace, and a relaxed Caribbean vibe, Belize is a rising star in Central America.
With far more affordable prices than other countries in the region, Belize has plenty to offer visitors and expats alike, including access to the second-largest barrier reef in the world, exotic Maya ruins, and thousands of acres set aside as national parks and nature reserves.
Expat Living and Investment
Now that the business cycle has begun to recover since record lows in 2008, expats and investors alike have been getting excited about the potential in Belize. With a small population of just 360,000 people spread across a country the size of Vermont, a property and investment-friendly tax structure, and high-value properties still available at below market rates have been drawing a lot of attention from investors and expats.
The only country in Central America where English is the official language, Belize makes buying and selling property much simpler for North American expats. All documents, laws, and contracts are written in English, so you’ll never need to rely on a translator to do business in Belize.
Since gaining independence in 1981, Belize has consistently maintained a pro-investor stance. Foreigners have equal rights as citizens when it comes to buying property or businesses in Belize. Property in Belize can be held in fee simple (absolute title) with no special permits or licenses required to sell or buy property.
Low Tax Rates
Belize does not impose either capital gains or inheritance taxes. Property taxes are far lower than comparable areas in the region.
Easy To Get To
Belize is now becoming one of the hottest vacation destinations on the planet, with regular connections via land, sea, or air. Legal residents who qualify can import their own vehicles (including boats and light aircraft) tax-free thanks to the Belize Qualified Retirement Program. All major airlines, including WestJet, Southwest, United, Delta, and American Airlines operate non-stop flights from the United States and Canada to Belize.
A Low Cost Of Living
Daily expenses in Belize are very reasonable, especially for locally-produced items. The Belizean Dollar (BZD) is permanently pegged at 2:1 to the U.S. dollar, giving investors and expats additional security and peace of mind.
Orchid Bay is the perfect place to buy a home and retire in an established community in northern Belize. Orchid Bay has undeveloped lots, condominiums, and villas for sale at very affordable prices.
More information about Orchid Bay can be found here.