Belize Qualified Retired Persons Incentive Program
Thinking about a tropical island to
get away? Belize offers the best on Retirement Programs. The Qualified RetiredPersons (QRP) Incentive Program is one of the most renowned immigration
programs in Belize.
Choosing to retire in Belize allows you to import your car,
boat and personal belongings Tax-free. It
is also a perfect spot for water sports enthusiasts and adventure junkies
alike, and can be enjoyed without going over the budget.
- Anyone 45 years and older from the U.S.A., Canada,
United Kingdom, Europe, Commonwealth countries, Belize and any other
country.
- Qualified persons can include their spouse,
dependendants 18 years of age and younger, college students dependentant
up to 23 years old.
- Belizeans who are 45 and older can qualify if they are returning to live in Belize.
Documents Required
- Submit Application Form (See
Application Form)
- Birth Certificate Copy for each member of the
family (Notarized)
- Marriage Certificate Copy, (if married and spouse is
a dependant) (Notarized)
- Authentic/Original Police Record from last place of
residence, issued 1 monthprior to application for applicant,
wife and children 18 years and older.
- Passport Color Copies of Complete
Passport (including all blank pages) foreach family member, each
page must be certified and stamped by a Notary Public from
your place of residency.
- Proof of Income
An official statement from a Bank or Financial Institution from the country of residence certifying that the applicant is the recipient of a monthly income of a minimum of US $2,000.00 through a pension or annuity that has been generated outside of Belize.
* Please note that after approval into the program all retirees are to open a Local Bank Account and deposit their monthly pension funds. The Belize Tourism Board will request bank statements on a yearly basis to show proof of income and compliance with the retirement program. - Medical Examination plus AIDS test for each
member of the family.
- Four front and four side passport
photographs of each family member.
Note: Items 5, 7 and 8 can
be completed in Belize when you are visiting.
Incentives and Benefits
- Qualified Retired Persons can import personal effects
free of import duties;
- Qualified Retired persons are strongly encourage to
procure a vehicle in Belize, no older than three years. However, we will
facilitate duty and tax exemption on an imported vehicle. Motor vehicles
must be no older than 3 years from the present year;
- Qualified Retired Persons can import a boat free of
import duties to be used for personal use;
- Qualified Retired Persons are exempted from payment
of all taxes on income received from outside Belize.
Note: All importation must
be done within a year after the date of approval into the program. A
Master List of household & personal effects must be submitted for approval
before shipping.
General Information
- Qualified Retired Persons are not allowed to seek
employment in Belize, however, voluntary work and business investments are
encouraged;
- Qualified Retired Persons will be asked to submit a
yearly bank statement showing compliance with the financial requirements
of the program;
- You will be required to renew your retiree status
every year;
- You will require a Customs Broker to process you
importation of personal effects, vehicle or boat at your expense.
You can request Broker available or check in the yellow pages;
- You are not allowed duty free on items used to repair
or build, neither tools of their trade;
- You must spend an equivalent of 1 month in Belize
annually to maintain your retiree status.
Note: If you desire to apply for
Work Permit and Permanent Residence your Retirement Card will be revoked and
payment will be required for all Duty Free Items.
Application Processing Fees
- Our application processing fee for a Single Applicant
and follow up on Retiree Card and Customs Letter for Duty Exemption is US
$700.00 in addition to general sales tax of 12.5% plus estimated
miscellaneous expenses of US $100 for local courier, telephone, fax,
e-mail, photocopy and office supplies.
- Processing of Additional dependent to the same
application pays a fee of US $75.00, plus 12.5% general sales tax for a
total of US $84.37.
- The program fee to the Belize Tourism Board is US
$1,200.00 for a Single Applicant; additional dependant pays a fee of US
$750.00, which includes fee for the issuance of the Retirement Card. Note
that payments to the BTB must be paid by form of a US Bank Draft, US
Cashier’s Check or US Cash.
- A Non-Refundable application fee of US $150.00
payable to the Belize Tourism Board must accompany the application and
required documents.
- Kindly note that the below does not include medical
examination expense, photographs, notarization of documents and overseas
couriers for the application. Any additional work will be at a fee
of US $50.00 per hour.
Processing Fee for Single
Applicant for Retiree Program
|
US
|
$ 700.00
|
Administration &
Miscellaneous Expenses
|
$ 100.00
|
|
General Sales Tax (12.5% of
$800.00)
|
$ 100.00
|
|
TOTAL FEES
|
US
|
$ 900.00
|
International Services Ltd can help you greatly with your needs in Retiring, Living, Working and Investing in Belize.
For more information see our services below:
· International Business Companies (IBCs)
· U.S. Dollar Accounts
· Asset Protection
· Bahamas, Panama, Seychelles & other Foreign IBCs
· Trust and Trustee Services
· Belize and Panama Private Foundations
· Local Company (Chapter 250)
· Belize Dollar Accounts
· Mail Forwarding and Virtual Office Services
· Work Permit and Residency Services
· Nationality and Passport Services
· Qualified Retired Persons Program (QRP)
· Licensed Escrow Services
· Purchase Agreements
· Owner Financing Agreements
· Land Title Investigation
· Transfer of Title
Email: gomezisl@btl.net
No comments:
Post a Comment