Tax-free, relaxed and beautiful – why Brits head to Belize
Belize is moving onto the radar screens of emigrating Brits thanks to its generous retirement programme and relaxed pace of life.
The retired persons incentive programme allows expatriates to live in the central American country tax-free, as long as they meet a number of conditions.
They include being at least 45 years of age and having a qualifying non-Belizean based income of at least US$2,000 (£1,300) a month.
Foreigners already make up almost 60 per cent of the population, attracted by the low cost of living, slow-paced lifestyle, nature and water sports. Belize is home to the world’s second-largest barrier reef.
Property is also affordable. Luke Smith, managing director of UK-based Crystal Investment and Real Estate (www.investmentandrealestate.com), said: “Ambergris Caye is the most popular place for retirees and other expats to live in Belize. It offers the beauty of the Caribbean in a fairly compact, accessible package. You can dive, snorkel, swim and fish to your heart’s content.