Retirement in Belize
over to Belize and enjoy your retirement where you can relax and
continue the adventure in our tropical paradise. You can also chose the
"Retired Person Incentive
Programm", but with this program you will have restrictions and
limitations for doing Business in Belize.
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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. The wonders of
Belize are yours to choose. All what you need to know, is right here on
the Guide to Belize.
Retired Persons Incentive Program
Anyone forty-five years and older can qualify for
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.
1. Qualified Retired
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.
Income from Pension pr other Source
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
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.
Certification by a Certified Public Accountant independent of the
- Stating the date the company was
- Verifying the authenticity of the above
- Certifying that the obligation signed in favor
of the beneficiary is
not less than US $2000.00 per month.
applicant must present two (2) bank
from the company that is sending the pension.
company granting the pension must present a document outlining
its pension scheme.
Requirement II, II, IV could be
the company sending the pension is considered to be a Fortune Five
3. Background Check
All applications are subject to a background check to be carried out by
the Ministry of National Security.
Incentives for the Retire Program
All persons 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 privileges, exemptions and
regulations herein included are governed
by the Retired Persons(Incentives) (Amendment) Act, 2001, and the ACT
will serve as the basis for all purposes of interpretation.
- Personal /
Qualified Retired Persons under the program can qualify for duty and
exemptions on new andused 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.
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
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
Any vessel that is used for personal purposes and for pleasure will be
accepted under this
- Disposal of
If for whatever reason a qualified retired person decides 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.
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
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in the program must submit completed applications to
the Belize Tourism Board with the following supporting documentation:
A copy of a certificate for the applicant and each dependant
(if married and spouse is a dependant)
Authentic Police Record:
An authentic police
record from the applicants last place of residency issued within one
month prior to this application
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.
Proof of Income:
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
Applicants should undergo a complete medical examination including an
AIDS test. A copy of the medical certificate must be attached to the
Four front and
four-side passport size photographs that have been taken recently of
applicant and dependents
Latest Information about Retirement
|In Order to get the
about Retirement, please visit the Official Belize