Wednesday, September 12, 2012



Belize. Another country that rolls out the welcome mat for foreign retirees is Belize. About a dozen years ago, the government of this country enacted legislation to allow Qualified Retired Persons (QRPs) to obtain permanent residency in this country. In many ways, this program is the most efficient route to foreign residency anywhere in the Americas. And while the QRP visa allows you full-time residency, you can enjoy the benefits of being a QRP even if you spend as little as four weeks a year in Belize.

 QRP program not only offers the equivalent of a U.S. green card to foreign residents aged 45 and older, but it also grants a host of other incentives designed to encourage foreigners to come and bring their money. These incentives include a permanent exemption from all Belize taxes, including income tax, capital gains tax, estate tax, and import tax on household goods (up to $15,000), automobiles, boats, even airplanes. The only requirements are that you or your spouse be 45 years of age or older, that you consider yourself to be retired, and that you show that you have at least $2,000 a month in income to support yourself in Belize (not necessary from a pension, but from any source).

In practical terms, the "consider yourself to be retired" requirement means that, as a QRP, you can't apply for a work visa. This is not to say that you couldn't start an international, Internet, or even local Belize business as an entrepreneur. You just can't take on traditional employee work.

  The bureaucratic red tape is not to my liking.  I would buy everything local.  Save you a lot of paper work, traveling and grief.  Not worth the hassel in my view.

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