Regulation on Incentives for Pensioners

Retirement in Belize
A special Retirement Program has been designed especially for retirees who wish to live in Belize and can prove a permanent and consistent income from investment, pension or any other form of retirement benefit. Successful applicants are granted special Qualified Retired Person’s Status (QRP status).
Benefits of QRP Status
• Exemption from all taxes on income and receipts
• Exemption from all import duties and taxes on personal effects upon first importation into Belize
• Exemption from all import duties and taxes every five years on personal motor vehicle
• Spouse and children under the age of eighteen included in program
• Permission to conduct business within Belize if business activities are carried on mainly outside of the country and are not conducted with Belizeans
• Peaceful nation
• Close proximity to North America
• Sub-tropical climate all year round
• Strong and stable Belize dollar
Who Qualifies?
Any Retired Person over 45 years of age who is a citizen or permanent resident of the USA, UK, Canada or Belize may apply for Qualified Retired Person status.
Application Requirements
Interested persons can obtain an application form from the Belize Tourism Board. Completed applications must be submitted to the Belize Tourism Board with the following supporting documentation:
1. Birth Certificate
2. Marriage Certificate (if married and spouse is a dependant)
3. Authentic Police Record
4. Passport
5. Proof of Income
            a. An official statement from a bank or financial institution certifying that the applicant is the       recipient of a pension or annuity of a minimum of $1,000.00 US per month
            b. A Financial Statement from a financial institution, bank, credit union, or building society in Belize             certifying that the applicant’s investment will generate the sum of a minimum of $2,000.00 US per           month or the equivalent of $24,000.00 per year.
6. Medical Examination
7. Four front and four-side passport photos

Belize Tourism Board

Level 2, Central Bank Building, Gabourel Lane, P.O. Box 325, Belize City, Belize
Tel. (501) 231913; Fax:: (501) 231943
Email: btbb@btl.net