RETIRING IN BELIZE
Cheapest Place in the World to Live: http://opentravel.com/blogs/the-cheapest-places-to-live-in-the-world-500-a-month/
Come to Belize and enjoy your retirement, where you can spend your golden years relaxing in a tropical paradise. You can
visit the mainland cities, towns and interior and meet friendly people, see historic sights, ancient Maya Cities, or go to the cayes, thus enjoying the sea beaches, and coral reef. All the wonders of Belize are yours to enjoy.
Retired Persons Incentive Program (QRP) - Anyone forty-five years and older can qualify for the program. A person who qualifies can also include his or her dependents in the program. Dependents include spouses and children under the age of eighteen. However, it can include a person up to the age of twenty-three if enrolled in a university program. However, there are restrictions and limitation for doing Business in Belize under this program. Things you need to know about the program.
1. QUALIFIED RETIRED PERSONS - To be designated as a "Qualified Retired Person" under the program, applicants must receive a monthly income of not less than $2,000.00 United States Dollars through a pension or annuity that has been generated outside of Belize.
2. COMPANY CERTIFICATION - When a company grants a pension, that company has to prove that it has been in operation for at least 20 years by submitting proof of registration. The company that grans the pension shall certify that the pension of no less than $2,000.00 United States Dollars per month will be forwarded to a reputable financial institution within Belize. This letter must be signed by the manager, president or by a legal representative of the company.
3. CPA CERTIFICATION - A letter, certified by a Certified Public Accountant, independent of the company, stating the date that the company was established. Verifying the authenticity of the above mentioned letter. Certifying that the obligation signed in favor of the beneficiary is not less than $2,000.00 United States Dollars per month.
4. TWO BANK REFERENCES - Applicant must present two (2) bank references from the company that is sending the pension.
5. PENSION SCHEME - The company granting the pension must present a document outlining its pension scheme.
NOTE: Requirement #2, 3, 4, could be omitted where the company sending the pension is considered to be a Fortune Five Hundred Company.
6. BACKGROUND CHECK - All applicants are subject to a background check to be carried out by the Ministry of National Security.
Incentives for the Retire Program all person 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 of all import duties and taxes. A Qualified Retired Person shall be 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 work performed or from an investment.
Regulations for the Retire Program all privledges, exemptions and regulations herein included are governed by the Retired Persons (Incentives) (Amendement) Act, 2001, and the ACT will serve as the basis for all purposes of interpretation.
1. PERSONAL/HOUSEHOLD EFFECTS - Qualified Retired Persons under the program can qualify for duty and tax exemptions on a new and used personal and household effects admitted as such by the Product Development Officer incharge of the program. A list of all items with corresponding values that will be imported must be submitted with the application. All items must be imported in country within 1 year after approval into the program.
2. TRANSPORTATION- a) Motor Vehicle - Qualified Retired Persons are strongly encouraged to procure a vehicle in Belize. However, we will facilitate duty and tax exemption on an imported vehicle. b) Light Aircraft - Qualified Retired Person is entitled to import a light aircraft less than 17,000 kg. A Qualified Retired Person is required to have a valid Private Pilot license to fly in Belize. This license can be obtained by passing the requirements set by the Civil Aviation. However, if the participant has a valid pilot's license, that license only has to be validated by Civil Aviation Department in Belize. c) Boat - Any vessel that is used for personal purposes and for pleasure will be accepted under this program.
3. DISPOSAL OF DUTY FREE ITEMS - If for whatever reason a qualified retired person decideds to sell, give away, lease, or otherwise dispose of the approved means of transportation or personal effects to any person or entity within Belize, all duties and taxes must be paid by that person or entity to the proper authorities. Qualified Retired Persons must note that only after 3 years and upon proof that the transportation that was previously imported to Belize was adequately disposed off, will another concession be granted to import another mode of transportation. Forms: Please read all the instructions carefully before completing the form. All particulars must be fully stated in block letters, incorrect or incomplete statements may result in delay or refusal of the application. If any error is discovered after status has been granted, the applicant status may be revoked. Applicants may use the services of a local attorney or accountant when processing the application.
REQUIRED DOCUMENTS
For persons interested in the retirement program, please submit & complete applications to the Belize Tourism Board, with the following supporting documentation.
1. Birth Certificate: A copy of a certificate for the applicant and each dependent
2. Marriage Certificate: If married and spouse is a dependent
3. Authentic Police Record: An authentic police record from the applicants last place of residency issued within one month prior to this application
4. Passport: Clear copies of complete passport (including all blank pages) of applicant and all dependents that have been certified by a Notary Public. The copies must have the passport number, name of principal, number of pages and the seal or stamp of the Notary Public.
5. Proof of Income: An official statement from a bank or financial institution certifying that the applicant is the recipient of a pension or annuity of a minimum of Two Thousand United States Dollars (US $ 2 000) per month.
6. Medical Examination: Applicants should undergo a complete medical examination including an AIDS test. A copy of the medical certificate must be attached to the application.
7. Photos: Four front and four-side passport size photographs that have been taken recently of applicant and dependents
To obtain the latest Information about Retirement In Order to get the latest Information about Retirement, please visit the Official Belize Retirement.org Website.
Come to Belize and enjoy your retirement, where you can spend your golden years relaxing in a tropical paradise. You can
visit the mainland cities, towns and interior and meet friendly people, see historic sights, ancient Maya Cities, or go to the cayes, thus enjoying the sea beaches, and coral reef. All the wonders of Belize are yours to enjoy.
Retired Persons Incentive Program (QRP) - Anyone forty-five years and older can qualify for the program. A person who qualifies can also include his or her dependents in the program. Dependents include spouses and children under the age of eighteen. However, it can include a person up to the age of twenty-three if enrolled in a university program. However, there are restrictions and limitation for doing Business in Belize under this program. Things you need to know about the program.
1. QUALIFIED RETIRED PERSONS - To be designated as a "Qualified Retired Person" under the program, applicants must receive a monthly income of not less than $2,000.00 United States Dollars through a pension or annuity that has been generated outside of Belize.
2. COMPANY CERTIFICATION - When a company grants a pension, that company has to prove that it has been in operation for at least 20 years by submitting proof of registration. The company that grans the pension shall certify that the pension of no less than $2,000.00 United States Dollars per month will be forwarded to a reputable financial institution within Belize. This letter must be signed by the manager, president or by a legal representative of the company.
3. CPA CERTIFICATION - A letter, certified by a Certified Public Accountant, independent of the company, stating the date that the company was established. Verifying the authenticity of the above mentioned letter. Certifying that the obligation signed in favor of the beneficiary is not less than $2,000.00 United States Dollars per month.
4. TWO BANK REFERENCES - Applicant must present two (2) bank references from the company that is sending the pension.
5. PENSION SCHEME - The company granting the pension must present a document outlining its pension scheme.
NOTE: Requirement #2, 3, 4, could be omitted where the company sending the pension is considered to be a Fortune Five Hundred Company.
6. BACKGROUND CHECK - All applicants are subject to a background check to be carried out by the Ministry of National Security.
Incentives for the Retire Program all person 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 of all import duties and taxes. A Qualified Retired Person shall be 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 work performed or from an investment.
Regulations for the Retire Program all privledges, exemptions and regulations herein included are governed by the Retired Persons (Incentives) (Amendement) Act, 2001, and the ACT will serve as the basis for all purposes of interpretation.
1. PERSONAL/HOUSEHOLD EFFECTS - Qualified Retired Persons under the program can qualify for duty and tax exemptions on a new and used personal and household effects admitted as such by the Product Development Officer incharge of the program. A list of all items with corresponding values that will be imported must be submitted with the application. All items must be imported in country within 1 year after approval into the program.
2. TRANSPORTATION- a) Motor Vehicle - Qualified Retired Persons are strongly encouraged to procure a vehicle in Belize. However, we will facilitate duty and tax exemption on an imported vehicle. b) Light Aircraft - Qualified Retired Person is entitled to import a light aircraft less than 17,000 kg. A Qualified Retired Person is required to have a valid Private Pilot license to fly in Belize. This license can be obtained by passing the requirements set by the Civil Aviation. However, if the participant has a valid pilot's license, that license only has to be validated by Civil Aviation Department in Belize. c) Boat - Any vessel that is used for personal purposes and for pleasure will be accepted under this program.
3. DISPOSAL OF DUTY FREE ITEMS - If for whatever reason a qualified retired person decideds to sell, give away, lease, or otherwise dispose of the approved means of transportation or personal effects to any person or entity within Belize, all duties and taxes must be paid by that person or entity to the proper authorities. Qualified Retired Persons must note that only after 3 years and upon proof that the transportation that was previously imported to Belize was adequately disposed off, will another concession be granted to import another mode of transportation. Forms: Please read all the instructions carefully before completing the form. All particulars must be fully stated in block letters, incorrect or incomplete statements may result in delay or refusal of the application. If any error is discovered after status has been granted, the applicant status may be revoked. Applicants may use the services of a local attorney or accountant when processing the application.
REQUIRED DOCUMENTS
For persons interested in the retirement program, please submit & complete applications to the Belize Tourism Board, with the following supporting documentation.
1. Birth Certificate: A copy of a certificate for the applicant and each dependent
2. Marriage Certificate: If married and spouse is a dependent
3. Authentic Police Record: An authentic police record from the applicants last place of residency issued within one month prior to this application
4. Passport: Clear copies of complete passport (including all blank pages) of applicant and all dependents that have been certified by a Notary Public. The copies must have the passport number, name of principal, number of pages and the seal or stamp of the Notary Public.
5. Proof of Income: An official statement from a bank or financial institution certifying that the applicant is the recipient of a pension or annuity of a minimum of Two Thousand United States Dollars (US $ 2 000) per month.
6. Medical Examination: Applicants should undergo a complete medical examination including an AIDS test. A copy of the medical certificate must be attached to the application.
7. Photos: Four front and four-side passport size photographs that have been taken recently of applicant and dependents
To obtain the latest Information about Retirement In Order to get the latest Information about Retirement, please visit the Official Belize Retirement.org Website.