Belize Is a Top Retirement Destination
Belize, A Top Retirement Destination
More and more people are choosing to retire abroad. Whether it’s to maintain control of your finances, escape inclement weather, or simply a way to enjoy the good life, destinations like Belize are increasingly becoming popular for retirees.
Investopedia, one of the internet’s most popular financial information sites, has included Belize as a top retirement destination due to its low cost of living, great weather, and thriving expat communities, joining other leading organizations like AARP in recommending Belize. The publication International Living estimates that a retired couple can live on just $1,700 a month while still maintaining a very high standard of living. Considering that the average Social Security benefit for retired workers averages $1,360 in 2017, it’s easy to see how living in Belize can be a very affordable option for retirees.
Another great incentive for retirees to consider Belize is the country’s Qualified Retired Persons (QRP) program. Although you don’t need to technically be retired to qualify, the QRP program allows eligible individuals aged 45 and older, along with their family, to move to Belize and import all of their personal goods (including cars, boats, and light aircraft) completely tax-free. Belize also imposes no taxes on income earned outside the country, and the residency rules of the QRP program generously only require individuals to spend just 30 days a year inside Belize.
Long a British colony, Belize is the only country in the region where English is the official language. You’ll never need a translator to understand documents, contracts, and regulations, and Belize has inherited its judicial system from the British system as well. Furthermore, Belize places absolutely no restrictions on foreigners buying, selling, or renting property, and property rights are strictly protected.
Another factor in Belize’s favor is the growing number of non-stop flights connecting the country to major cities across the United States, Canada, and nearby countries in the region such as Guatemala, Mexico, El Salvador, and Panama. Top airlines like Delta, WestJet, American, United, Southwest, and Avianca are now in a hot competition to serve the burgeoning Belize market, making it easier and more affordable than ever for retirees to conduct business, take care of health care needs, and visit friends and family back home.
With year-round balmy weather, plenty of fresh air, locally grown fruits and vegetables, and some of the best seafood in the world, Belize offers retirees a new lease on life. Add in thriving expat communities, exciting adventure destinations, and stunningly beautiful parks and nature reserves, and it’s easy to see why Belize is rapidly becoming a top retirement destination.
Orchid Bay is a master-planned, gated community located in Belize’s northern Corozal District. Orchid Bay has all the amenities needed for retirees to life a great life in Belize and retire in the sun in peace and harmony.
Orchid Bay offers villas, land, and condos in an established community. Retirees should visit Orchid Bay’s website for more information. For more about Orchid Bay, click here.