senectutis
The Retirement Portal

Making a Home Abroad
Retirement in Belize

Retirement Planning - Long Term Care - Residential Care - Home Care - Caregivers - Selecting a Care Home - Assisted Living - Alzheimer's - Dementia - Long Term Illness
Are you looking for a Tax Haven? Malaysia Labuan Tax Haven * * * * * *

Homepage

Search senectutis.com:

sitemap


In Association with Amazon.com

Link to and Read our Blog


Models Russian

Our Pages about Retirement

Health, Finance and Retirement

Key Elements that will help you to adapt to Successful Retirement

Protecting your Body and your Peace of Mind
*
Keeping your Financial House in Order
*
Jobs for Seniors and How to Look for one

Jobs4seniors.net
We have a whole host of suggestions about work
Dating, Friendship and Enjoying Life

Dating and Friendship

A Wardrobe for your LifeStyle
(coming soon)
*
Some Practical Things about Computers
*
Moving and Retiring Abroad

Retiring, Living and establishing yourself in Belize


Retiring, Living and establishing yourself in Puerto Rico

Retiring, Living and establishing yourself in Costa Rica

(coming soon)

Retiring, Living and establishing yourself in Mexico

Retiring, Living and establishing yourself in Spain

Pages on all Issues Related to Assisted Living, Assisted Care, Care Givers, Selection of Care Homes, Long Term Illness

*

Click here to Advertise on Senectutis

*

Terms of Use
Privacy Policy
copyright
©2000-2016
interpublishgroup

*

Worry-Free Security Solutions

Priceline Last-Minute Flights Deals!

Subscribe to our FREE Internet Ezine about Retirement, Home Business tips, Retirement in Belize, Mexico, Costa Rica and Europe as well as Retirement Jobs and other things of interest. Enter your contact information below and click: "Subscribe here".
Your privacy is guaranteed!

:
:

Service provided by GetResponse Autoresponders

See Privacy Policy

*

You can also look at our blog on retirement

*

*

Making a Home Abroad - Retirement in Belize

Retire to Belize - Information and Advice for Retirement Planning, Retirement Activity, Leisure Activity, Jobs for Seniors, Retirement and Real Estate Purchases, Investment for Retirees, Health, Sports, Residential Care, Home Care, Long Term Care, Caregivers, Companionship and Dating, Spirituality and much more.


Custom Search
* *

Belize - The place to retire, if you want a relaxed Lifestyle you can afford


If you are adventurous and crave a relaxed retirement in a tropical setting, then Belize is the place to be. The national language of Belize is English

This country was once only known for its spectacular scuba diving and eco-adventure tours but, it is developing into something of an international hot spot. Francis Ford Coppola has already developed two upscale resorts in the country and international celebrities like Robert De Niro and Leonardo DiCaprio own property in the country.
A very short History of Belize
Belize was until 1973 known as British Honduras It is about the size of new Hampshire (or half the size of Switzerland) and has 250,000 inhabitants (2006). Initially a British Settlement, it became a British Crown Colony in 1871. British Honduras gained self government in 1964 and as Belize, independence from Britain on September 21, 1981.

The country adopted the principles of a Parliamentary Democracy based on the Westminster System. It is a sovereign, democratic state governed by a Prime Minister and Cabinet , the Executive Branch, supported by a legislative two chamber Parliament, made up of a 29-member elected House of Representatives and a nine-member appointed Senate. Belize is a Constitutional Monarchy and the British Monarch is the constitutional Head of State. Queen Elisabeth II is represented in Belize by a Governor-General, who must be a Belizean.

Belize is a very stable developing country that has never had a military coup and enjoys membership in the British Commonwealth, the United Nations, the Nonaligned Movement, the Organization of American States and the newly-formed Association of Caribbean States. Diplomatic relations have been established with many countries. Belize is also a member of the Caribbean Community (CARICOM) and related institutions.

Something about the Geography
Belize is in the Northern Hemisphere, of Central America bounded on the North by Mexico and the South and West by Guatemala. In the East, is the Caribbean Sea with its 174 mile coastline. The Total area is 8,866 sq. miles and includes 266 sq. miles of islands.

The offshore atolls, known as cayes (pronounced keys) and the barrier reef are one of the main attractions to Belize. The barrier reef is 185 miles long. It is the longest in the Western Hemisphere.

The mangrove cayes provide a fantastic habitat for birds and marine life. Belize's island cayes, distinguishable by their palm trees, have provided the foundation for the development of many fine resorts that serve the water sports enthusiasts and the marine naturalists.

You too can enjoy a wide variety of environments in this country: mountains, rain forests, sandy beaches and the largest barrier reef in the Western hemisphere.If water sports and beach side activities such as scuba diving, snorkeling, fishing, boating, sailing, sail boarding, and sea kayaking are something you crave for or if you just want a laid back tropical atmosphere, this could be your retirement paradise.
Belize is truly "Mother Natures" best kept secret!
Domestic Banking, Offshore Banking, Currency, Investment and the Economy
There are four large commercial banks, the Belize Bank Ltd., Barclay's Bank PLC, the Bank of Nova Scotia and Atlantic Bank Ltd., and a Government Savings Bank. Recent amendments to the Banking Act permit offshore banking and offshore banking is one of Belize's claims to fame. Though, there are strict rules to keep illegal money (e.g. from drug trading) out of the banking system.

A central bank has replace the Monetary Authority of Belize. It issues the country's currency, the Belize Dollar (Bz$); which is fixed to the American dollar at a rate of $2 Bz dollars to $1 US dollar.

A variety of local Investment Incentives are being offered by the Government of Belize. These were developed specifically to encourage foreign investment in Belize.
Tax-free offshore accounts, offshore Trusts, merchant accounts, online trading and new company formations in Belize are straight forward. Belize is recognized as being one of the best offshore jurisdictions for offshore company formations and offshore Trusts. Belize is a well protected tax haven for offshore banking, offshore accounts and other offshore investments.


Belize does not have an estate tax or capital gains tax. Investment in Belize is actively encouraged and many investment incentives are presently being offered to entice foreign investment in Belize.

If you want to invest locally, under the Belize Fiscal Incentives Act of 1990, enterprises approved by the Belize government may be granted tax holidays of five, ten, twelve, or fifteen years depending on the nature of the enterprise and the degree of ownership in conjunction with Belize national(s). Under this act, foreign nationals may repatriate 100% of their investment and profits, provided they register with the Central Bank of Belize. Belize provides four main elements sought by international investors:

Stability

Long-standing, democratic tradition

independent judiciary

exchange rate fixed for 25 years


Foreigners Buying Property in Belize
Property and Real estate transactions in Belize are straight forward. No one should be put off by the idea of uncertain and the legality or complexity of the process. Also, unlike some other countries in the region, Belize allows US citizens and other foreigners to own coastal land, with title guaranteed by the government.

Who may purchase land in Belize?

Anyone. A non-Belizean may purchase land and property in Belize. Full title is granted to non-Belizeans. If you wishing to purchase land consisting of a half acre within city, towns or villages and in excess of 10 acres anywhere in Belize, you need a permit to purchase the property. This permit is regulated by the Alien’s Land-holding License issued by the Department of Natural Resources.

Purchase of Land by a Non-Belizean

Non-Belizeans pay 15% of the selling consideration as a Stamp Duty or Transfer Tax to the Government of Belize. Registration and fees are very minimal (approximately $15.00BZ / $7.50 US). Lawyer’s Fees for Legal Services for Conveying property is approximately 1-3% of the Selling consideration.

Each individual is entitled to seek their own personal Legal Council. Approximate total closing cost for a Non-Belizean citizen is 16-18% of the selling consideration.

Annual Property Tax

Property tax generally consists of between 1-1.5% of the set value of the property assessed by the Department of Natural Resources and is due on the 1st of April of each year.

Belize has a well developed real estate market and
it is not difficult to find the right, reliable realtor or lawyer to complete a transaction.

Retirement in Belize
Belize has what is known as the Retired Persons Incentive Program

Anyone over 45 from anywhere in the world qualifies. A person who qualifies can include his or her dependents. These include spouse, children under 18 and can include dependents over 23 if they are enrolled in a university.

To qualify for the program you must prove that you have a monthly income of not less than $2,000 a month through a pension or annuity generated outside Belize.

You will have to prove that the company supplying the pension has been in business at least 20 years.

Fees for the program are as follows:
1. a non-refundable application fee of $150.00 is payable to the Belize Board of Tourism
2. a program fee of $1,000.00 is payable to the Board of Tourism upon acceptance
3. upon acceptance a fee of $200.00 must be paid to the Board of Tourism for issuance of the Qualified Retired Person Residency Card
4. each dependent has to pay $750.00 to enter the program

This residency entitles the holder to import personal belongings and an approved means of transport free of all duties and taxes.

A Qualified Retired Person is also exempt from payment of all taxes and levies on all income or receipts which accrue outside of Belize, whether from work performed or investment.

If you want to have a quick look at Belize, but are not yet sure that you want to live there permanently, go there as a tourist.You can stay on a tourist visa and renew it every 30 days.  After 6 months, you can get a work permit (probably), which costs about US$750.  

After being in the country for one year showing a stable income (currently $750 per month for a single and $1,000 per month for a couple)., you can obtain permanent residency.  You can then work without a work permit and come and go as you please.  This means you do not have to reside here year-round.

For more information consult the Belize Board of Tourism


Instant Health Insurance Quotes


Health Care and Insurance in Belize
Vaccinations or medical clearances are not required for entry into Belize. However, we would recommend a polio booster and a tetanus booster. You should also bring your own prescription medicine and anti-malaria tablets if you are planning extended visits to jungle areas in Belize. Potable water is available in most areas, but if in doubt ask or boil your water.

There are no endemic diseases reported in Belize at this time.

The basic structure for medical services and health care delivery in Belize is provided by a network of seven district hospitals which are divided into four regions with the Karl Huesner Memorial Hospital being the national referral hospital in Belize.

There is also an infirmary for the care of geriatric and chronically ill patients in Belize. Local medical training for nurses and midwives is provided at the Belize School of Nursing. Many nurses have been trained in Britain.

A new American based, offshore medical University is presently operating in the country. To date, most physicians and physician-specialists have been trained in medicine either at the University of the West Indies, UK Universities, or at one of the Latin American Universities (Guatemala, Costa Rica or Mexico).

Belize medicine, doctors, health care and medical services are considered above average for Caribbean countries.

Remember, USA Medicare and Medicaid is not valid in Belize.

There are insurance companies in the USA which provide international insurance. However, it would be better to take out a local Insurance (mostly British owned) in Belize. It is cheaper and easier to deal with, when you need it locally.



Travel to and From Belize (from the USA)
Belize is easy to get to from the USA with daily direct flights from Miami, Atlanta, Houston and Dallas. Current prices from these airports for a coach class return ticket start at around US$ 970, all fees included (Oct 2009)

Save up to 50% with Priceline Hotels


What is negative about Belize?
Belize offers a warm climate, cheap land and a generally lower cost-of-living. There are a few negative points, though most people can live with them.  Traffic in the urban areas, even though they are small, can be a nightmare.  Belize City is full of "small urchins" (kids) and street people who will ask for your moneyHurricanes are a potential threat, although most don't come close. 

There will be a culture shock for anyone used to a busy existence and modern conveniences at every turn.  But, if you have a bit of adventure in you and a desire to relax and take life slowly (sometimes very slowly), it will be the retirement place of your dreams.

Remember, you are retired, so slow down!



Send e-mail with questions or comments about this web site.
Copyright ©2000-2016
interpublishgroup ©ipg™ - All Rights Reserved
senectutis.com® is a registered Trademark of interpublishgroup .
ink