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Retirement Residency

Beach PalapasThe Government of Belize encourages migration to Belize through the Qualified Retirement Program. It can work for any person who is forty-five or older with a clean background and a minimum pension, or investment income of no less than $2,000 USD per month being generated outside Belize. The retiree is allowed to include dependents in the application for retirement residency. Spouse and children under 18 years old, or up to 23 if attending university, are considered dependents under this program.

Benefits:

  • Qualified retiree is exempt from the payment of all taxes and duties on all income or receipts which accrue to him or her from a source outside of Belize whether that income is generated from pension, work performed or from an investment;
  • With the submission of a master list, the retiree has one year after officially entering the program to import personal and household effects free of duties and taxes as determined by the Customs Department;
  • Retiree can either import a vehicle to Belize duty free, or buy one form a local dealer;
  • A boat for personal use is entitled to duty exemption;
  • A Qualified Retired Person is entitled to import a light aircraft of less than 17,000 kg if he or she is the holder of a valid Pilot's License;
  • The retiree can invest in business in Belize;
  • Some tax planning benefits from country of origin may be derived by the retiree with a residency in Belize;
  • Belize is an English speaking nation that is only a two hour flight from international gateways such as Houston and Miami and a few hours by road from Cancun, Mexico.

Contact us for further information and for assistance in getting your application processed.

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