Why You Should Invest in Belize
Invest in Your Dream Home in Belize
Ambergris Caye is the largest island on Belize’s coastline. Less than a mile off Ambergris Caye’s eastern shore, you’ll encounter the magnificent Belize Barrier Reef, the largest barrier reef in the Western Hemisphere. Keep reading to discover the best reasons to invest in Belize.
According to Forbes:
“Belize ranks #4 “If your dream of a new life overseas is all about soft white sand, lapping azure sea and swaying palm fronds, San Pedro, Ambergris Caye, should be at the top of your I’m-going-to-go-have-a-look list,” Read More
The Place & People
Top Reasons to Invest in Belize
1. High demand, little supply
Tourism in Belize is at an all-time high. Over the last 20 years, Belize has seen a steadily increasing number of visitors. In 2019, we saw over 500,000 tourists stay overnight in the country. In 2022, Belize saw tourism numbers almost reach pre-COVID levels. Our Caribbean destination is seeing double-digit growth year after year and averages nearly 25% growth annually.
2. English is the official language in Belize
Here in Belize, English is the official language. Real estate transactions, legal contracts, and business affairs can be handled easily without language barriers. Your retirement move just got a lot easier!
3. There is no capital gains tax and no estate tax in Belize
Residents enjoy tax breaks not found in other countries. There are no capital gains or real estate taxes to add to your expenses! Buying property here means you’ll enjoy keeping some more money in your pocket!
4. It’s an overnight rental market
Since Ambergris Caye is a popular vacation destination, the market demand is for nightly rentals instead of monthly rentals. This multiplies the income potential of many investment properties and gives owners much more flexibility for the 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 monthly.
The overnight rental market is strong here in Ambergris Caye. If you plan on purchasing an investment property, you’ll enjoy remarkable returns. Many rental properties average $400+ per night, which would otherwise cost $1,800 per month. This also gives owners more flexibility in the personal use of their property. You’ll enjoy the benefits of property ownership no matter what!
5. Property taxes in Belize are meager
Property taxes in Belize are low, and the processes are easy! Most property owners can expect to pay only a few hundred dollars for their property. Like in the U.S. and Canada, you’ll also enjoy full property ownership and title. Many other destination countries, such as Mexico, do not allow land ownership to foreign-born citizens as quickly. This makes property ownership in Belize a no-brainer!
6. The Belize QRP (Qualified Retirement Program) is generous
And it allows retiree status as young as 45 years old!
7. Asset protection
Foreign ownership can offer another layer of protection from litigation in the U.S.
8. Location, location, location
Ambergris Caye ranked as the TripAdvisor #1 island two years ago, 2013-2014. Ambergris Caye was classified as a Top Retirement Destination by U.S. News & World Report® in 2016. The island is the only island to receive this honor. Belize offers easy access to other places! In the U.S., Miami is a 2-hour flight, a 2.5-hour flight to Houston, and a short distance to many other U.S. locations.
9. Time zones in Belize are always convenient in North America.
Belize is never more than 2 hours from PST or EST. (Belize doesn’t 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 business and staying in contact with friends and family.
10. Belize has a growing economy.
Belize has a rapidly growing economy! In 2015 and 2016, several significant airlines began servicing the country, and existing airlines have added to their routes. These are important indicators that the Belizean economy is growing. This also increases the quality of life for Belizean residents and retirees.
11. Affordable airfare to Belize.
Increasing airline service to BZE (Belize’s only international airport) means more competition and decreased airfare prices. Upon paying a visit to your tax accountant, you may discover that trips to check on your property could become tax write-offs when you invest in Belize!
12. Ambergris Caye is a Top 5 Overseas Property Market
Ambergris Caye is one of the hottest overseas markets. Forbes says it is one of the best places for beachfront buys in 2021.