Belize is a unique location overflowing with investment opportunities; the population consists of 380,000 people, most of whom drive the country forward through Tourism, the number one growth component of the economy, with everyone working to make our visitors’ stay a memorable one. This little nation, rich with flora and fauna, offers great incentives for foreign investors with ease of international travel as it is bordered on the east by the beautiful Caribbean Sea, on the north by Mexico, and on the west and south by Guatemala. Belize is serviced by six international carriers, offering over a dozen incoming flights daily.
Belize, a democratic nation, is the only English-speaking country in Central America with a steady currency exchange rate of USD $1 to BZ $2 which allows free trade and financial stability for meaningful investments. The local government provides an enabling environment for foreign investment, offering incentives like the foreign ownership of land, retiree incentives, establishment of Export Processing Zones, and much more.
Visitors to Belize can enjoy lush rainforests, rich marine life, pristine beaches and lots of fresh air, this is the ideal vacation spot with a chance to get away from it all! Belize isn’t just a vacationer’s paradise, it’s also an investment haven. Acquiring real estate in Belize is pretty straightforward. In many respects it is no different than buying property in Canada or the U.S. It is always advisable, however, to go with a well-established and knowledgeable agent. One who knows your area of interest and the locals well enough to present you with listed properties, and properties that aren’t yet on the market. Best of all, there is no Capital Gains Tax, so if you do decide down the road to resell your property, or your business there is no Belize tax on the money gained. An additional plus to purchasing property in Belize is that annual property taxes are so low that you’ll be taking a second look in disbelief at your tax statement when you first see it.
In addition to the ease of property ownership, the local government offers a Qualified Retired Person’s Incentive Program. This program allows retired persons forty-five years and over from anywhere in the world to live legally in Belize without having to pay taxes and import duties on the personal effects that they bring into the country. It further exempts qualified retired persons from the payment of all taxes and duties from income and receipts earned from a source outside Belize.
In the end, the real estate market in Belize is booming with potential and it’s never been a better time to make an investment. Whether you choose to purchase a retirement property, or relocate to invest in a new business, the low cost of living and tax exemptions in Belize offer the freedom to do more of the things you want to do with your money. With all the great things this little jewel has to offer, now is as good a time as any to make a sound investment in Belize!
For more information, please visit www.belizeproperty.com