To attract foreign investment Belize has created a program to reduce taxes and simplify residency for North Americans wanting to live part-time or full-time in Belize. The program is called the Qualified Retired Persons (QRP) program. You only need to be 45 years old to take advantage of the incentives and are only required to live in Belize for a total of 30 days each the year, which can be split across several visits. Qualified retirees are eligible for benefits including expedited residency status and various tax exemptions.
So...if this is your vision of retirement, you owe it to yourself to check out the advantages in Belize
Details on the program are available at www.belizeretirement.org. The site is hosted by the Belize Tourism Board, which administers the QRP program.
If you are interested in funding the start-up costs of a part-time business in Belize, take a look at how to utilize your own IRA funds to accomplish it!
Hit 'em straight!
SkipJack
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