What if you could leave your current surroundings and relocate to a majestic, tropical country along the Caribbean Sea? What if you could own luxury real estate that will only increase in value? Well, all of this is possible when you make the fantastic decision to move to Belize and invest in real estate at Mahogany Bay Resort. Keep reading to find out about all the best reasons to live in Belize.
The Top 13 Reasons To Live in Belize
There are so many reasons to live in Belize! Keep reading to learn about a select few.
1. Belize is English-Speaking
Relocating from North America to a foreign country can be a difficult transition. With English being the official language of Belize, that transition can go a bit smoother. This applies to real estate transactions, legal matters, business contracts, and everyday life.
2. No Capital Gains Tax and No Estate Tax
In Belize, there are no capital gains and no estate taxes. That means that if you invest in a property that appreciates in value that you’ll sell at a later date for a profit, the Belize government does not tax your earnings.
3. Affordable Income Tax Rates
The income tax rate in Belize is only 1.75 percent! That means that if you decide to rent out your property from time to time to make some extra money, you’ll have to pay minimal income taxes.
4. Low Property Taxes
Property taxes in Belize are extremely low—usually spanning from 1 – 1.5 percent. That’s amazing, especially if you’re enjoying your retirement living in Belize and are on a fixed income and are concerned about the cost of living.
5. Belize Is Governed by British Common Law
Since Belize is governed by British Common Law, real estate investors can have full property ownership with a land title, just like you can in the states and Canada. If you invest in other popular retirement destinations, such as Mexico, foreign-born citizens can’t easily own land in their names.
6. Belize QRP
The Belize Qualified Retirement Program (QRP) is quite generous, which makes retiring in Belize stress-free. It allows retiree status as young as age 45!
7. Location
You can’t beat the convenient location of Belize! Not only is it one of the most spectacular places on earth, but Belize is also only a two-hour flight from Miami and two and a half hours from Houston. Most Americans live closer to Belize than Hawaii! Plus, many major airlines offer direct flights to the Belize City airport.
8. Ambergris Caye Is Award-Winning
Ambergris Caye is a Belizean island off the coast of the mainland where we offer top-notch real estate. This unbelievable place that we call home was rated as the TripAdvisor® #1 Island in the World two years in a row! In fact, this Caribbean island is the ONLY island in the world to receive this honor two years back-to-back!
9. Top Retirement Destination
If you’re looking for an outstanding location to spend your retirement, look no further than Ambergris Caye in Belize. This island was named a Top Retirement Destination by U.S. News & World Report®.
10. Convenient Time Zones
Time zones in Belize are always convenient to North America. Belize is never more than two hours from the Pacific Time Zone or Eastern Standard Time Zone. This is important for ease of doing business and staying in contact with friends and family. Plus, Belize doesn’t observe daylight savings time.
11. The Belize Economy Is Growing
Belize is a small, upper-middle-income developing country. In past years, there was an expansion of the Belize airport, which are positive indicators of a growing economy and tourism industry. This means economic security, strong property values, and the attraction of entrepreneurs to do business in prime tourist areas, which increases the quality of goods and other lifestyle conveniences for Belizean residents and retirees.
12. Affordable Airfare To Belize
The increase in airline service to BZE (Belize’s only international airport) means more competition and decreased airfare prices.
Its Time To Live in Belize
Are you ready to move to Belize? Mahogany Bay Resort in south San Pedro, Ambergris Caye, provides everything from full-time customizable residences to a full turnkey experience requiring little to no day-to-day responsibility from the owner. Contact us to find out more details about the real estate opportunities located here on the property, which is growing by the day.
Please Note: This document provides ideas and information for illustrative purposes only and does not purport to show actual results. It is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only and are subject to change without notice. All investments entail risks. You should consult your advisors with respect to these areas.