If you are considering purchasing in Belize you can be comfortable in the fact that Belize has a long history of private property ownership rights.
Furthermore the fact that the country’s main language is English and the country’s political and legal tradition is based on the British system means that for any US or UK purchaser at least, the system for procuring property is standard, understandable and fairly straightforward.
Property price gains in Belize are steady and fairly strong, however, real estate is still affordable there making it highly attractive to foreign buyers.
With the exception of cruise ship passengers, all visitors to Belize must present a valid passport before entering the country. Driver's licenses and birth certificates are not approved travel documents and cannot be used to enter the country.
In cases where a visitor remains in the country for over 30 days, an extension of entry must be requested. Extensions are available for the cost of :
1. Up to 6 months for US $25
2. After 6 months US $50 per month
Nationals of Australia, Canada, Hong Kong, Mexico, New Zealand, Norway, United States, Venezuela, CARICOM member states, Nationals of European Community countries do not require a visa to enter Mexico.
RETIREMENT INCENTIVE PROGRAMME
Qualifying Process
Anyone forty-five years and older can qualify for the retirement incentive 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.
INCOME FROM PENSION OR OTHER SOURCE
1. Qualified Retired Persons
To be designated a Qualified Retired Person under the program, applicants must receive a monthly income of not less than US $2,000 through a pension or annuity that has been generated outside of Belize.
2. Certification
i) 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.
ii) The company that grants the pension shall certify that the pension of no less than US $2,000.00 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.
iii) Certification by a Certified Public Accountant independent of the company:
-Stating the date 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 US $2000.00 per month.
iv) The applicant must present two (2) bank references from the company that is sending the pension.
v) The company granting the pension must present a document outlining its pension scheme.
Requirement ii, iii, iv could be omitted where the company sending the pension is considered to be a Fortune Five Hundred Company.
3. Background Check
All applications are subject to a background check to be carried out by the Ministry of National Security.
| |
ORCHID BAY COMMUNITY
contact us 