Move to this Caribbean island almost tax and duty free — after showing a monthly income of at least $2,000 as a retiree.
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“If you’re looking at Belize, we’re kind of like the Bahamas or Cayman Islands 30 years ago, Ambergris Caye at least,” said Dustin Rennie, a real estate agent with RE/MAX in Belize. “It’s been crazy, when I first started coming down here, nobody knew where Belize was. Now all of the sudden it’s on the world’s radar.
One thing that makes Belize so attractive to people who want to buy property is that its legal system is based on English Common Law. It gained its independence from the United Kingdom in 1981. “It’s cheaper to hold property in Belize than to have a bank account, so you’re able to have an asset that’s hedged against inflation,” he added. “We are seeing a lot of people that are doing it as a safe investment.”
In addition to the program’s perks —he’s an avid boater and his family plans on bringing a couple — Nelson was drawn to Belize by the excellent fishing and scuba diving opportunities.
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