Overview

About Belize



Belize is an English-speaking independent state in North-Eastern Central America, bounded on the north and northwest by Mexico, on the east by the Caribbean Sea, and on the south and west by Guatemala. Belize, which until 1973 was known as British Honduras, became independent in 1981 and is a member of the British Commonwealth.

  • Belize has recently been named by Caribbean Dateline Magazine as, "The best long range investment site in the Caribbean."

  • International Living Magazine has named Belize as their "Top choice for retirement destinations worldwide."

  • There is no capital gains tax and the income tax is a very low 1.75% in Belize!

Given the fact that English is the official language and that Spanish is also widely spoken, communication is easy in Belize. The cost of living is also relatively low and Belize presents itself as a democratic country with a low crime rate and little to no political problems.

The location is also an advantage as it is accessible by road, sea and air. With frequent flights to Belize City from the UK, Dallas, Atlanta, Newark, Charlotte, LAX, Houston and Miami, traveling back and forth is made easy.

Key Investment Features:

  • There is no capital gains tax and the income tax is a very low 1.75% in Belize!
  • Democratic, stable, English speaking country
  • Beautiful, unspoiled, natural environment
  • Fantastic beaches
  • Tourism booming
  • Archaeology, diving, caving, water sports, adventure sports, fishing, bird watching
  • Low cost of living
  • Off-shore banking
  • Good standard of heath care
  • Subtropical climate
  • No restrictions on foreigners buying land or property in Belize
  • Belize is part of the British Commonwealth & the legal system is based on British common law
  • Excellent tax free retirement packages available

Belize has many tax and banking benefits for people who are looking to invest in the area, including offshore banking.

Offshore Banking is simply banking in a jurisdiction other than the one in which you live. Belize is a leading Caribbean offshore jurisdiction, and many visitors to Belize are intrigued about offshore banking. The growth in international travel, coupled with the increasing use of the Internet to make a living or help manage businesses from afar, have led to growing use of offshore banking and offshore trusts. Others have made the same decisions to relocate or diversify their financial affairs and open offshore accounts.

Offshore banking could have tax benefits, i.e. interest on offshore accounts and investments is paid without the deduction of tax. You may also be able to reduce your tax liability in your home country by transferring savings and investments to an offshore bank account. Added benefits include high levels of confidentiality, security and convenience, as well as global access and a credit/debit card facility so you can spend your money anywhere in the world.

Laws relating to foreigners buying property in Belize:  There are no restrictions with regards to foreigners purchasing land or property in Belize. Belize is part of the British Commonwealth and the legal system is based on British common law. A foreigner has the same rights as a Belizean citizen to freehold property ownership.

There are no licenses, permits, special permissions or conditions needed for a foreigner to take title to freehold land in Belize.

Visa requirements: Citizens of the US, European Union and Commonwealth countries do not require visas if they have a passport and return ticket. Most other nationalities require a visa. British embassies frequently handle Belize's diplomatic affairs.