Retiring in Belize | Totally Florida .com

RETIREMENT PERSONS (Incentive) Act- Chapter 62

This program has been designed to attract foreign retirees (and dependents), and their capital, to become permanent visitors of Belize, as "Qualified Retired Persons" (QRP). As a peaceful, English-speaking nation, Belize has much to offer, including a lovely year-round climate, easy access to land for construction of retirement homes, a stable currency, abundant natural resources, and, last but not least, friendly people.

The Retirement Persons Act has been implemented and was designed to attract foreign retirees (and dependents), to become permanent visitors of Belize as "Qualified Retired Persons".

The main incentives this program offers to Qualified Retired Persons is import free duties from taxes personal belongings such as approved means of transport, i.e. motor vehicle, boat, or light aircraft etc. The maximum exemption is US$ 15,000.00 in tax/duty for household items. The income generated abroad, from work or investments are exempt from all taxes and levies.

Although not required, applicants may solicit the services of a local attorney or accountant in completing the application process. English is the official language of Belize and spanish is also widely spoken, so communication is not a problem in Belize.

GENERAL REQUIREMENTS

Minimum Age	45 Years

Nationality	Canadian Citizen, Citizen of United State of America, Citizen of United Kingdom or Citizens of Belize. Belizean's can only qualify if they are permanent residents of one of the above countries.

Required Proof	i. A monthly pension of minimum of US$1,000.00 US per month. ii. Revenues generated are from Investment; they are required to deposit $2,000.00 US per month in a local Banking Institution. iii. All deposits are to be made in US currency only. iv. The Qualified Retirement Person must sign an agreement to make these deposits regularly. v. Police record needed from previous domicile country. vi. Medical Certificate along with an AIDS test must accompany application. vii. Applicants are subject to background check. viii. If any person under this act wished to leave the program and relinquish the status, all imported assets under the The Retirement Persons Act must be liquidated according with the program guidelines.

RETIREMENT PERSONS (Incentive) Act- Chapter 62

GENERAL REQUIREMENTS

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