Five Reasons Why Investing in Belize is a Great Idea
Once an unknown Caribbean backwater, Belize has emerged in recent years to become one of the fastest growing tourist and investment areas in Central America.
Strong Tourism Growth
Belize has reported record increases in visitor numbers over the past few years. In 2019, Belize surpassed the half a million mark, welcoming a total of 503,177 overnight visitors. This represents more than 100% growth in the sector in the past decade (up from 241,119 in 2010). Cruise arrivals also surpassed the 1 million mark again for the fourth consecutive year.
Fueling that growth is the fact that all four of the biggest airlines in the United States and the two biggest airlines in Canada now offer non-stop flights to Belize from major cities across North America. Belize has also seen a steady increase in cruise ships making port calls in the country as well.
Belize imposes absolutely no restrictions on foreigners owning, selling, and renting property, and there are no capital gains taxes in the country. Furthermore, Belize imposes an incredibly low 1.5% property tax on the undeveloped value of the land, making investing in property a secure way to protect your hard-earned assets.
Belize is the only country in Central America where English is the official language. You’ll never have to rely on translators or finicky phone apps to converse with locals, understand documents, or read contracts. And Belize has a robust judicial system based on the British model that vigorously protects property rights.
Qualified Retirement Program
The government’s QRP program allows qualifying individuals age 45 and older along with their families to easily establish residency in the country while only requiring you to be present just 30 days per calendar year. Even better, the QRP program allows you to import all of your personal goods, including vehicles, completely duty-free.
Strong Returns on Value
The red hot tourism market is driving a boom in real estate investment. Many savvy investors are turning a tidy profit by buying premium real estate and then renting it to the ever-growing number of visitors who travel to Belize. The government of Belize has a strong conservation program that includes more than half of its territory being set aside as a protected nature reserve, wildlife refuge, or national park, ensuring that available properties are protected against future overdevelopment and urban sprawl.
Orchid Bay is a master-planned, gated community in northern Belize that is an ideal place to retire or invest in property.