Belize Qualified Retirement Program – 10 Things you need to know

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Belize Qualified Retirement Program

If you and your investment advisor have recently become best friends, you’re probably approaching retirement. Perhaps you’re considering moving abroad to stretch your savings. Start with Belize where ex-pats are treated like royalty and you may not have to look any further. Already impressed by the fact that Belize has idyllic year-round weather and English is spoken everywhere? Then Belize’s Qualified Retirement Program (QRP) should seal the deal!

1. Expect to find both safety and peace in Belize thanks to a stable government and stable currency that few countries in the Western Hemisphere can replicate. Ask ex-pats who moved to Belize specifically for the QRP and why they stay, and you’ll be told that they feel both safe and welcome here.

2. If you’ve the time and interest in doing some detective work, see if you can find anything comparable to the QRP in this hemisphere or elsewhere. This government program has been in place long enough to have attracted huge numbers of retirees, and once those on the fence discover that to keep your QRP status you must spend just one month of the year in Belize, then start packing.

3. The QRP program takes effect the minute one turns 45, so you can claim benefits at a fairly early age. Since Belize’s cost of living is low, ex-pats have found that they can afford to retire several decades early because the numbers added up.

4. QRP tax breaks are extraordinary. Import your personal effects (cars, boats, planes and furnishings) without paying duties and you also are exempt from income and inheritance taxes, even if you continue to work or make money on your investments.

5. Take advantage of dramatically competitive airfare prices offered by carriers like United, American, Delta and Southwest, each of which has established Belize routes. Fly back and forth more frequently than you might have imagined thanks to your QRP lifestyle.

Belize Qualified Retirement Program

6. Buying a home in Belize thanks to your QRP status is easy. Brokers are on the up and up. There are plenty of Belize real estate lawyers happy to walk you through the sale process from bidding to closing. And since every document is written in English, you needn’t worry about what you’re signing.

7. Upscale communities, filled with ex-pats who moved here just for QRP benefits, find that their real estate values remain stable because homes are built to high standards. State of the art plumbing, sewers, power and essentials required to live a life of leisure are all in place, so paired with tax advantages, retiring here just makes sense.

8. Retirees needn’t worry about finding and making friends when they leave home to settle in Belize. Because this welcoming nation has attracted so many people eager to take advantage of QRP benefits, there’s a chance you could run into people from your state, city and even community as you begin connecting with ex-pats.

9.Visit http://www.belizeinvest.org.bz/download/Government%20Investment%20Incentives%20-%20General%20/Qualified%20Retired%20Persons%20%28Incentives%29.pdf, to read specifics about how the QRP works to make an informed decision.

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10. Pick the right Belize community to enjoy your QRP benefits to the max. Consider Orchid Bay, a lush residential enclave filled with ex-pats. Creature comforts and housing options are bountiful and include affordable beachfront condominiums, waterfront villas, single family homes and lots for those who wish to build their houses. Visit the Orchid Bay website and if you’re not already convinced that you are meant to live here, that should do it.

If you have more questions about retiring in Belize, put this phone number on speed dial: (470) 223-5493.

Photos by Orchid Bay, Belize

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8 Comments

  • Why Investing in Belize Will Change Your Life Reply

    March 9, 2016 at 12:45 pm

    […] in Belize can change your life the moment you avail yourself of the nation’s Qualified Retired Persons program (QRP), an unprecedented bundle of financial perks available to anyone over the age of 45 who […]

  • Expat Opportunities and Green Living in Orchid Bay Belize Reply

    March 15, 2016 at 10:57 am

    […] #3: Take advantage of Belize’s Qualified Retirement Program. Benefits include no inheritance taxes, low income taxes, the tariff-free importation of household […]

  • How to Live or Retire in Belize Reply

    March 18, 2016 at 12:33 pm

    […] Take advantage of Belize’s popular Retirement Incentives Program. Enacted by law 16 years ago and implemented by the Belize Tourism Board, this exciting program is […]

  • Living in Belize: Pros and Cons of Life in Belize for Expats Reply

    March 29, 2016 at 10:48 am

    […] is really keen to help all the retirees and made things more than easy for them by offering the Qualified Retired Persons or QRP program. As long as your age is 45 or greater, your monthly income exceeds $2,000 and you fulfill a few […]

  • Belize: The New Retirement Capital of the Caribbean Reply

    April 13, 2016 at 8:53 pm

    […] the best of all worlds by taking advantage of the Qualified Retiree Program, created to entice investors to move to Belize. The QRP entitles ex-pats to work as much as they […]

  • 5 Things You Should Know About Foreign Ownership of Property in Belize Reply

    April 15, 2016 at 12:22 pm

    […] one in Belize, because anyone over the age of 45 who moves here is eligible to take advantage of the Qualified Retired Persons Program, a unique “welcome package” of financial benefits that require few requirements be met to grab […]

  • Cerros Sands, A Prestigious Waterfront Community in Corozal Belize Reply

    May 7, 2016 at 12:17 pm

    […] ready for development. Retiring in Belize is now easier than ever thanks to the country’s Qualified Retirement Program. Individuals who qualify not only gain permanent residence in Belize but also qualify for enormous […]

  • Lothar H.H. Pohl3M Reply

    September 26, 2016 at 3:53 pm

    2.000 US$ or BZ$ ?

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