A Quality Retirement In Belize
Belize’s Qualified Retired Persons (QRP) residency program is a wonderful program for retirees and entrepreneurs alike. There are only a few requirements to qualify for Belize’s QRP program. You or your spouse need to be 45 years of age or older, consider yourself to be retired, and show a minimum monthly income to support your retirement in Belize. Incentives for retiring in Belize include a permanent exemption from any Belizean taxes.
While pension income can be shown to meet the last requirement, the easiest way to prove financial means is simply to deposit the amount required per year into a Belizean bank account.
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 can’t do international, Internet, or even local Belize business as an entrepreneur. You just can’t start take a job working in Belize as an employee of someone else. And, indeed, Belize offers a world of opportunity for the would-be entrepreneur.
Even if you are not contemplating retiring for one, three, or even, say, five years, this is the time to apply and to lock in the benefits of the current Qualified Retired Persons law. Once you’ve qualified, a one-month holiday in Belize each year will maintain your QRP residency status while you work toward your ultimate plan of retiring in Belize.
Belize retired residents can also pursue a second passport and dual citizenship in this country.