Whether you’re hoping to set down permanent roots or embrace the nomad life, Belize has long been a choice destination for persons from all over the globe. Recently, the country’s government made some changes to its immigration and retirement laws. Announcing the new updates and policy changes – which include some changes to the Qualified Retired Persons Program – representatives from the Belize Tourism Board sat down with content creator and realtor Will Mitchell to talk about it. Here are the two most recent changes to Belize’s immigration and retirement policies.
Anyone 40 Years or Older Can Now Qualify for the QRP Program and Retire in Belize
According to Romy Rancharan, Retirement Specialist at the BTB, legislation for Belize’s Qualified Retired Persons (QRP) Incentive Program was recently amended to allow anyone 40 years or older (who is receiving retirement income) to be eligible for application. Previously, persons had to be 45 or older to qualify.
The QRP Now Also Benefits Investors
The new legislative amendments also saw the inclusion of potential investors in Belize’s QRP Incentive Program. Now, retired persons seeking to live in Belize will also be able to invest in and carry on business in the country.
Requirements for QRP Investor applications include a business plan (which should include the employment of 5 Belizean citizens at minimum), proof of investment capital (a minimum of one million Belize dollars), and proof of residency.
The QRP Incentive Program facilitates anyone who meets the income requirements to permanently live and retire in Belize. Watch the full video featuring Will Mitchell and the BTB here. Or, learn more about Belize’s QRP Program here.