Retire in Belize! You Deserve It
Everyone dreams about retirement and one day living in an exotic
Belize, known in travel circles as "Mother Nature's Best Kept Secret", is truly a tropical paradise. An exotic tropical paradise that is now opening it's doors to all your dreams of new experiences.
Who is eligible for the Qualified Retirement Program offered in Belize?
Anyone forty-five years and older from anywhere in the world can qualify for the Belize retirement program. A person who qualifies can also include his or her dependents in the retirement program.
All persons who have been designated a Qualified Retired Person shall be entitled, on first entering Belize, to import his or her personal effects and an approved means of transportation free, such as a motor vehicle, boat, or light aircraft of all import duties and taxes.
A Qualified Retired Person shall be exempt from the payment of all taxes and levies on all income or receipts which accrue to him or her from a source outside of Belize whether that income is generated from work performed or from an investment. All privileges, exemptions and regulations are governed by the Belize Retired Persons (Incentives) Act, 1999.
In order to qualify for retirement in Belize, there are a few requirements that you must meet. Currently, you must be at least 45 years of age in order to qualify for the retirement program. If you qualify, then your dependents and spouse can be included with you on your application.
*** please note that these regulations are subject to change - for current regulations, please contact the Belize Tourism Board.
For more information, we recommend you read this article written by well know Belize author, Len Suder
The government of Belize enacted a series of legislative measures to make Belize an ideal retirement and offshore jurisdiction, including:
The Retired Persons (Incentives) Act of Belize – which offers certain tax exemptions and incentives to qualified retired persons.
The Limited Liability Partnerships Act of Belize – which permits the creation of limited liability partnerships.
The International Financial Services Commission Act of Belize – which seeks to promote, protect and enhance Belize as an international financial services center and to regulate the provision of international financial services.
The Belize Trust Act in 1992 – for the benefit of any person whether or not ascertained or in existence and for the valid charitable or non-charitable benefit of all.
The Belize International Banking Act of 1996 – simultaneously with the Money Laundering (Prevention) Act which established mechanisms and procedures to ensure that Belize's financial institutions are not used to disguise the source of illicit funds.
Today because of its laws, Belize has become the retirement and offshore jurisdiction of choice.