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Guide to Belize                                                                
 
   


... Any individual
can apply for
permanent
residence after
one Year

Immigration

If you are planning to travel to Belize and you are not a Commonwealth, Mexican, North American (U.S.A.), Costarican, Austrian or national of a member state of the European Community you require a visa. Any belizean Consulate or Embassy can issue one at the cost of $25.00 U.S. currency. This visa is valid for thirty (30) days only. If there is not a Belizean Consulate in your country you can obtain a visa through the nearest British Embassy or yoy can still travel to Belize and the Immigration Officer at the Philip Goldson International Airport may issue one for the same cost and duration.

While citizens from the European Community do not require visas for travel to Belize, citizens of Bangladesh, Bolivia, Columbia, China, Angola, Brazil, Afghanistan, Lebanon, Cuba, India, Libya, Pakistan, Peru, South Africa and nationals of the former USSR require previous approval for a visa from the Ministry of Human Resources, Department of Immigartion.

After being thirty (30) days in Belize and you still require more time to finish your business, you need to contact the nearest Immigration Office to get an extension, paying BZ $25.00 for every thity days extended period.

Any individual can apply for permanent residence after having one (1) year legal residence fee in Belize on a continuous basis. Permanent residence fee is $100.00 and a deposit is needed which can range from $100.00 to $1200.00 depending on the nationality of the applicant. This deposit may be refunded three (3) years after residency is granted. The application form is to be accompanied by two passport phtographs of each member of the family wishing to travel to Belize and the back of a photograph should be endorsed with his or her name and signed by a Justice of Peace. In addition you shouls attach to the petition your personal bank statements as well as current Medical and Police Records.

To acquire nationality status the applicant should have permanent residence and or be a legal resident for a minimum of five (5) years in accordance with the Belizean Nationality Act of 1981 (Section 10); there is also a provision for the registration of minor children along with the applicant (Section 12). All necessary evidence should accompany the application to avoid delays.

For additional information contact:

The Immigration and Nationality Department
Phone; (501) 8-22611. (501) 2-33505

You can also chose the "Retired Person Incentive Programm", but with this program you will have restrictions and limitations for doing Business in Belize.


Retired Persons Incentive Program

Anyone forty-five years and older can qualify for the program. A person who qualifies can also include his or her dependents in the program. Dependents include spouses and children under the age of eighteen. However, it can include a person up to the age of twenty-three if enrolled in a university.

1. Qualified Retired Persons
To be designated a Qualified Retired Person under the program, applicants must receive a monthly income of not less than US $2,000 through a pension or annuity that has been generated outside of Belize.

INCOME FROM PENSION OR OTHER SOURCE

2. Certification
i) When a company grants a pension, that company has to prove that it has been in operation for at least 20 years by submitting proof of registration.

ii) The company that grants the pension shall certify that the pension of no less than US $2,000.00 per month will be forwarded to a reputable financial institution within Belize. This letter must be signed by the manager, president, or by a legal representative of the company.

iii) Certification by a Certified Public Accountant independent of the company:

-Stating the date the company was established
-Verifying the authenticity of the above mentioned letter
-Certifying that the obligation signed in favor of the beneficiary is not less than US $2000.00 per month.

iv) The applicant must present two (2) bank references from the company that is sending the pension.

v) The company granting the pension must present a document outlining its pension scheme.

Requirement ii, iii, iv could be omitted where the company sending the pension is considered to be a Fortune Five Hundred Company.

3. Background Check
All applications are subject to a background check to be carried out by the Ministry of National Security.


Incentives  for the Retire Program

All persons who have been designated a Qualified Retired Person shall be entitled, on first entering Belize, to import his or her personal effects and an approved means of transportation free of all import duties and taxes.
A Qualified Retired Person shall be exempt from the payment of all taxes and duties on all income or receipts which accrue to him or her from a source outside of Belize whether that income is generated from work performed or from an investment.

Regulations for the Retire Program

All privileges, exemptions and regulations herein included are governed by the Retired Persons(Incentives) (Amendment) Act, 2001, and the ACT will serve as the basis for all purposes of interpretation.

  1. Personal / Houshold Effects

    Qualified Retired Persons under the program can qualify for duty and tax exemptions on new andused personal and household effects admitted as such by the Product Development Officer incharge of the program. A list of all items with corresponding values that will be imported must be submitted with the application. All items must be imported in country within 1 year after approval into the program.

  2. Transportation

    a. Motor Vehicle
    Qualified Retired Persons are strongly encouraged to procure a vehicle in Belize. However, we will facilitate duty and tax exemption on an imported vehicle

    b. Light Aircraft
    Qualified Retired Person is entitled to import a light aircraft less than 17,000 kg. A Qualified Retired Person is required to have a valid Private Pilot license to fly in Belize. This license can be obtained by passing the requirements set by the Civil Aviation. However, if the participant has a valid pilot’s license, that license only has to be validated by Civil Aviation Department in Belize

    c. Boat
    Any vessel that is used for personal purposes and for pleasure will be accepted under this
    program.

  3. Disposal of Duty Free Items

    If for whatever reason a qualified retired person decides to sell, give away, lease, or otherwise dispose of the approved means of transportation or personal effects to any person or entity within Belize, all duties and taxes must be paid by that person or entity to the proper authorities. Qualified Retired Persons must note that only after 3 years and upon proof that the transportation that was previously imported to Belize was adequately disposed off, will another concession be granted to import another mode of transportation.

Latest Information about Retirement

In Order to get the latest Information about Retirement, please visit
the Official  Belize Retirement.org  Website.

  
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Belize / Switzerland