Belize Qualified Retirement Program
The Belize Qualified Retirement Program (QRP) has proven to be very attractive to retirees, expatriates and other persons looking to relocate to Belize. The Belize QRP is managed by the Belize Tourism Board and provides for a multitude of incentives for applicants that satisfy the program’s requirements.
The QRP is renowned as the most efficient path to foreign residency anywhere in the Americas and one of the primary reasons Belize is known as one of the best places to retire in the Caribbean and, indeed, one of the best place to retire in the world. Once the application process is completed, the program grants the applicant the equivalent of a green card as well as a wide array of other incentives. The benefits include a permanent exemption from all taxes in Belize (estate taxes, income taxes, capital gains taxes, and most import taxes). And while the Belize QRP visa offers full-time residency, new residents can enjoy all the QRP benefits even by spending as little as a month a year in the country. (Although you’ll probably want to stay much longer than that.)
The requirements to successfully enter the Belize Qualified Retirement Program are remarkably simple when compared to residency programs elsewhere in the world.
Simple, yes, but only by retaining a Belize retirement attorney can you ensure the smoothest process possible. All our former clients here at Wrobel & Co, Belize Attorneys-at-Law, have achieved QRP status after being advised by our Belize lawyers before, during and after the application process. Our Belize retirement lawyers provide the additional details, tips and guidance which ensure that our QRP clients' goal and expectations from the Program are achieved.
If you need a Belize retirement lawyer, we can walk you through the various steps of the QRP application process and be at your side every step of the way. To learn more, contact us today.
Who Can Qualify for the QRP
- 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 (children must be under 18, unless enrolled in a university, in which case the age in under 23).
- Belizeans who are 45 and older can qualify if they are returning to live in Belize.
Documents Required for the QRP
1. Submit Application Form (Request Form)
2. Notarized Birth Certificate Copy for each member of the family
3. Notarized Marriage Certificate Copy (if married and spouse is a dependent)
4. Police Record from last place of residence, issued less than a month prior to application
5. Notarized Color Copies of Complete Passport (including all blank pages) for each family member
6. Proof of Income, showing a monthly income of a minimum of US $2,000.00 through a pension or annuity that has been generated outside of Belize
7. Medical Examination plus AIDS test for each member of the family
8. Four front and four side passport photographs of each family member
Belize Qualified Retirement Program Incentives and Benefits
- Qualified Retired Persons can import personal effects free of import duties
- Qualified Retired persons can import a vehicle no older than 3 years from the present year
- Qualified Retired Persons can import a boat and light aircraft 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 and personal effects must be submitted for approval before shipping.)
General Information for Belize Qualified Retired Persons
- Qualified Retired Persons are not allowed to seek employment in Belize, however, voluntary work and business investments are encouraged
- Qualified Retired Persons need to submit a yearly bank statement showing compliance with the financial requirements of the program
- Qualified Retired Persons are required to renew your retiree status every year
- Qualified Retired Persons need a customs broker to process you importation of personal effects, vehicle or boat at your expense
- Qualified Retired Persons are not allowed duty free on items used to repair or build, neither tools of their trade
We invite you to visit our Belize Retirement FAQ and Belize Retirement News pages. To learn more, contact our Belize retirement lawyers today.