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Belize, on Central America’s eastern coast, offers stunning beaches, diving, and eco-adventures. With English as the official language and a multilingual population, it’s ideal for North American expats. Its low population density provides space for exploration, making it a welcoming and adventurous destination.
Belize is located on the Eastern coast of Central America, bordered by the Caribbean Sea, Guatemala, and Mexico. The total land area of Belize is 8,867 square miles (22,700 square kilometers).
Belize is well-known for its beaches, scuba diving, hiking, eco-lodges, and other outdoor activities.
With the lowest population density in Central America, Belize offers plenty of space to get out and adventure.
Living in Belize can be an easy transition for most North American expats, as the official language of Belize is English. Another Belizean fact is that 62% of the population is bilingual or trilingual.
Reviewed By Kathleen Peddicord
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
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| Information Type | Belize Data |
|---|---|
| Population | 416,656 (August 2024) |
| Gross Domestic Product (GDP) | US$3.35 billion (2024) |
| GDP Per Capita | US$85,373 (2024) |
| Inflation Rate | 4% (2024) |
| Currency | Belizean Dollar (BZD) |
| Exchange Rate Versus U.S. Dollar | 2 Belizean dollars per 1 U.S. dollar (2024) |
| Languages | English 62.9% (official), Spanish 56.6%, Belize Creole 44.6%, Mayan dialects 10.5%, German 3.2%, Garifuna 2.9% |
| Capital | Belmopan |
| Time Zone | GMT minus 6 |
| Seasons | Tropical: Hot and humid, rainy season lasts from June to November |
| International Dialing Code | 501 |
| Electricity | 110/220 V / 60Hz: Plug Types: B/G |
| System of Government | Parliamentary Democracy and a Commonwealth realm |
| Name and Party Affiliation of Current Leader | John Briceño People’s United Party (PUP) |
| Income Tax Rate for Residents | 25% |
| Capital Gains Tax | None |
| Inheritance Tax | None |
| Rental Income Tax | 12.5% for occupied properties and 2% for unocupied properties. |
| Transfer Tax | 5%, attorney fee 2% |
| Sales Tax | 12.5% |
| Restrictions on Foreign Ownership of Property | None |
| Local Chamber of Commerce | #4792 Coney Drive First Floor of With field Tower Belize City, Belize P.O. Box 291 Belize City, Belize Central America Tel: +501-223-5330 / 5331 |
| American Chamber of Commerce in Belize | No. 1 Mapp Street, P.O. Box 75, Belize City, Belize Phone: +501 224-5352 |
| Primary Exports | Sugar, bananas, citrus, clothing, fish, molasses, wood, crude oil |
| Residency and Visa Requirements | Tourist Visa: Automatic 30 days upon entry, renewable for up to 6 months. Residency: visa extended every 3 months for people living in remote areas away from the Immigration Office, potential investors, and business people Citizenship: After 5 years of legal residency |
| Special Benefits for Foreign Residents or Retirees | Qualified Retired Persons Incentive Act includes tax-free import of household goods, including vehicle, boat, or airplane; no Belize income tax. Pension Income is exempt of tax. |
| National Airline | Tropic Air |
Go here for current exchange rates.
Reviewed By Kathleen Peddicord
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
Experience The World’s #1 Retirement Haven
Sept. 17-19, 2025
Valencia, Spain
Start Your New Overseas Life Today
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Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.
Portugal is known for Fado music and also for being the largest cork producer in the world.
Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.
Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.
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