Belize Retirement Planning
It’s only natural to dream of the day you retire. After countless years of hard work, dedication, and commitment, the day you retire means that a whole new chapter in your life is about to begin.
You want to live comfortably and on top of this, you also want to enjoy your surroundings. This is why many people choose to relocate when they retire. A new setting means a whole new start, where you can explore and discover new ground on a daily basis.
Belize is a popular location that many retirees are flocking to from around the globe, especially within the last few decades. Known for being a beautiful and natural Caribbean paradise, Belize offers stunning views of the ocean, warm temperatures and a long list of sightseeing opportunities – including a barrier reef (which is slightly smaller to the one in Australia), the Mayan ruins, one-of-a-kind rain forests, and much more.
If you’re starting to plan out your retirement location, Belize retirement may be right for you.
Here are our top 5 reasons why you should retire in Belize:
Belize has one of the world’s best retiree programs. Thanks to the Qualified Retired Persons (QRP) Program in Belize, qualified retirees can be exempted from taxes on all income that stems from outside the country. In order to qualify for the program, you must be minimum 45 years of age or older and you must earn a monthly income of US $2,000 minimum, through a pension or annuity outside of the country. The Belize retirement program also benefits your spouse and children under the age of 18 (up to the age of 23). Your children however, will need to be attending university in order to qualify.
Belize has a stable and flourishing economy. Did you know Belize has the lowest inflation rates in the world? It’s true. Tourism is one of the main reasons for its thriving economy and the intake of foreign currency. Popular tourist attractions include: the largest cave system in Central America, the largest barrier reef in the Western Hemisphere, countless islands and beaches, which offer world class scuba diving, the Mayan ruins, and much more.
Also the real estate market is affordable. Belize offers low-cost real estate and a strong sense of community. Property is also easily attainable – whether you prefer to live in a modest condo on the beach, or a large estate, you will be surrounded by breathtaking surroundings of crystal clear tropical water, beautiful beaches, and an abundance of recreational opportunities.
Belize has an appealing geographical location. Some of you might feel a little apprehensive about moving to a new country when you retire. You might miss your friends and family back home – which is only normal. But the good news and what many people find surprising is that Belize is only a 2-hour plane ride from Miami. There are also direct flights available from Los Angeles, Houston; Newark, New York and from Toronto.
You don’t need to worry about culture shock or having to learn a new language. Last but not least, if you’re still on-the-fence about Belize retirement, you can rest assured knowing that English is the first language of this amazing country. English is also used within the education sector, the government and within the majority of Belize’s media outlets. Belize is the only country in Central America where the official language is English. Spanish is also commonly spoken and over 50% of the population speak it as their second language.
It’s never too late to plan your retirement. Remember: it’s important to broaden your horizons and consider moving to a new location. By doing research and being open to new possibilities, your retirement can be a dream come true.
Start by exploring some of our recent Belize real estate listings today!