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English is the official language in Belize, including for all real estate transactions Cheap T-shirts , legal matters, and business contracts. Who wants to be required to learn another language at retirement?
There is no capital gains tax, and no estate tax in Belize. If you invest in a property that appreciates in value that you sell at a later date for a gain, the Belize government does not tax your earnings.
It鈥檚 an overnight rental market. Since Ambergris Caye is such a popular vacation destination, the market demand is for nightly rentals Cheap Shirts , as opposed to monthly rentals. This multiplies the income potential of many investment properties, and gives owners much more flexibility for personal use of their island getaway. For instance, it's not uncommon to see $400+ per night rental rates on properties that would otherwise rent for $1800 per month.
The income tax rate in Belize on all real estate rental income is only 1.75%!
Property taxes in Belize are extremely low 鈥?just a few hundred dollars annually on most new properties.
Belize is governed by British Common Law, which for real estate investors means you can have full property ownership with land title, just as in the US and Canada. In other retirement destinations such as Mexico Cheap Jerseys Online , foreign-born citizens cannot as easily own land in their own name.
The Belize QRP (Qualified Retirement Program) is generous and allows retiree status as young as 45 years old!
Asset protection. Foreign ownership can offer another layer of protection from litigation in the US.
Location, location, location. Not only is it one of the most spectacular places on earth, Belize is only a 2-hour flight from Miami, and 2.5 hours from Houston. Most Americans live closer to Belize than Hawaii!
Ambergris Caye was rated as the TripAdvisor庐 #1 Island in the World two years in a row 2013-2014! In fact Cheap Jerseys Wholesale , this Caribbean island is the ONLY island in the world to receive this honor two years back-to-back!
Ambergris Caye, Belize was named a Top Retirement Destination by U.S. News & World Report庐 in 2016.
Time zones in Belize are always convenient to North America. Belize is never more than 2 hours from PST or EST. (Belize doesn鈥檛 observe daylight savings time, so half of the year the country is on CST, and the other half MST.) This is important for ease of doing business and staying in contact with friends and family.
Belize has a growing economy. The recent expansion of the international airport in Belize City, the addition of several major airlines in 2015-2016 Cheap Jerseys From China , and the increase of current airline routes to Belize are great indicators of a growing economy and tourist industry! This means economic security, strong property values, and the attraction of entrepreneu