Moving and living abroad for any reason is a big decision. Even if you’re only thinking about a part-time move, the list of challenges can be long.
But Belize is one politically stable little Central American country that strikes a couple of those big challenges right off the list.
Especially for anyone from the U.S., Canada, or the U.K., it’s probably one of the easiest places on earth to relocate.
And the fact that it’s beautiful and affordable only sweetens the deal.
Formerly British Honduras, Belize is a true Caribbean paradise. And it offers several important pluses for anybody looking to ease into a move abroad.
First, English is the national language. You’ll be talking to store keepers, real estate agents, taxi drivers, bank tellers, and waiters in a language you already understand. Even more importantly, any contract you enter into will be written in English. Strike off your to-do list the challenges of learning a new language and needing multiple versions official documents.
Second, the Belize dollar is pegged to the U.S. dollar at two-to-one, and the U.S. dollar is commonly accepted in Belize. Strike tricky currency conversions, anxiously watching exchange rates, and constant trips to the casa de cambio off the list.
Third, the tax situation in Belize is easy to manage. No taxes on foreign-derived income. No capital gains tax. No corporate tax. No inheritance tax. That’s easy, isn’t it? Strike convoluted foreign tax rules off the list.
Fourth, the population of Belize is a little over 300,000. That’s not the population of the largest city in Belize… that’s the entire country. And Belize is only 180 miles long and 68 miles wide. So it’s easy to find the people, offices and resources you need to get things done. Strike getting lost in the crowd off the list.
Fifth, Belize has the Qualified Retirement Program, and you don’t have to be retired to take advantage of it. If you’re at least 45 years old and have a monthly income of at least $2,000 from a pension or annuity (including Social Security), you can qualify. This allows you to bring all your personal goods to Belize tax-free. Strike from the list the maze of customs and duty regulations that exist in most other Central and South American countries.
Last but not least, it’s easy to enjoy yourself in Belize. With miles of tropical coastline, the second-longest barrier reef on earth, some of the best diving and snorkeling on the planet, lush forests and mountains, immense natural preserves, vast river and cave systems, and a wealth of important Maya archeological sites, there is always something to do in Belize.
Add it all up, and Belize makes it easier than almost any other country on earth for you to make your move abroad.
Stay happy and healthy,
Publisher, International Living