Thinking of investing in Belize?
Belize’s booming tourism market can mean paid vacations for life! There are many great reasons to invest in Belize.
It’s no secret that Belize is one of the most unique destinations in Central America. Situated among six Spanish-speaking countries, it is the only country to have English as its official language. In fact, cultural diversity is one of the country’s best-selling points, along with the small population – currently under 400,000.
The fact that the population density is the lowest in the region but the population growth rate is steadily rising, means that land is abundant and opportunities are ready for the taking. With a steady increase in visitors to Belize, the real estate market has been experiencing a boom, which has resulted in Belize quickly transforming from a little-known hideaway, into a chic vacation spot!
Infrastructure has also seen a push, with an increasing number of luxury resorts and residential developments arising. These developments are to double as nightly accommodations as well as permanent residences that can go into a time-share pool or made available on the rental market.
House hunting in Belize is now just a matter of knowing what you want. You can opt to build your dream house, or you can shop around for a home with the help of one of many certified real estate agents available.
When it comes to lifestyle, living in Belize is a luxury within itself. Whether you are interested in scenic mountain ranges and lush tropical rainforests or prefer blue waters and salty coastal breezes, Belize has the best of both worlds.
Presently, the most popular real estate developments are located in the seaside communities of San Pedro and Placencia. Still, more inland districts like Corozal to the North and Cayo to the West hold a charming allure for those looking to settle down or invest in Belize.
TOP THREE REASONS TO INVEST IN BELIZE
Here are the top three reasons why you should consider Belize when investing in your vacation home:
The Qualified Retirement Program
The QRP is an initiative that was created to facilitate those seeking to retire and live permanently in Belize. If you qualify, there are some enticing welcome benefits that candidates are entitled to through this program. A resident card is issued for multiple entries into the country without the hassle of a visa. Candidates can enjoy duty exemptions on personal and household effects that include aircraft, motor vehicles, and boats. Additionally, there are tax exemptions on incomes from outside of the country.
Low Property Tax
Tax percentages range between 1% and 12.5% of the assessed value, depending on the type of property and whether or not it is occupied.
No Capital Gain
There are no capital gain or estate taxes…
You better Belize it!
If you’re feeling the excitement of opportunity, trust your instincts. Give Belize a shot. Investing here may be the best decision of your life!