Why Moving to Belize Isn’t as Hard as You’d Think (2024)

By Victoria Day-Wilson, author of Moon Living Abroad in Belize

There’s no doubt that a move abroad is a big step and a life-changing decision, but it can also be a fun adventure full of exciting new possibilities. I’ve lived in many places, including Kenya and the United Kingdom, but when I made the move to Belize in 2006, I discovered there’s no place quite like it. Magnificent tropical fauna, a laid-back lifestyle, and endless outdoor opportunities are just a few reasons why this Central American country is a destination that shouldn’t be overlooked. Living abroad in Belize is not as hard as it may seem. In fact, it’s one of the easiest countries for European and American citizens to relocate to. Here are the top reasons why:

No language barriers

You won’t need to learn a new language. English is the official language and most of the population speaks it, as it’s compulsory for all children to learn English in school. Spanish is also spoken, but you can definitely get by without it.

Familiar laws and government

The legal system is based on British Common law, which is the foundation of American law. The government is a democratic parliamentary model.

Simple immigration

Getting in and out of Belize is easy; there are no hard and fast commitments required and no visa is needed. You only need to renew a “tourist visa” once a month for $25 (USD). After a year, you have the option to become a resident. This gives you the chance to give Belize a test drive without too much red tape or financial commitment.

Easy currency

The Belizean dollar is pegged to the U.S. dollar at BZ $2 to US $1, and both currencies are in free circulation. Therefore, there’s no real adjustment required to a new currency.

Duty-free import

The government has made retirement in Belize an attractive option by introducing the Qualified Retired Persons (QRP) program. Participants can earn an income outside Belize tax-free and import personal effects to the value of $15,000 (USD)—including means of transportation—tax-and duty-free.

Friendly, welcoming people

Belizeans are some of the friendliest people on Earth and make everyone feel welcome.

Low taxes and supportive investment options

There’s no capital gains tax and no inheritance tax. QRPs are exempt from income tax. Property taxes are around the one percent mark. To avoid income taxes, the government has created the Belizean International Business Corporation (IBC) law which allows people to transfer income and assets to an IBC from which dividends are not taxable.

Proximity to North America

Only a two-hour flight from Miami, Belize is easily accessible to the United States. Just below Mexico, next to Guatemala, and bordered by the Caribbean, Belize is also a great base for traveling to the Caribbean, as well as Central and South America.

For a country roughly the size of Massachusetts with a small population of 320,000, Belize packs a big punch in terms of variety and diversity. Many expats are drawn to Belize’s tropical climate, beautiful fauna and flora, multiculturalism, ancient history, and political stability. There’s something for everyone—beaches, lagoons, rivers, islands and jungles. The quality of life is high and the cost of living is low. It’s a place in touch with the rest of the world, but untouched enough to explore. Life is uncomplicated but always interesting. You may feel as though you’ve discovered paradise.

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As an enthusiast and expert in international living and relocation, I've been deeply involved in understanding various aspects of expatriation, cross-cultural living, and the dynamics of settling in diverse countries. I've extensively researched and experienced firsthand the nuances and complexities involved in moving abroad, including legal systems, immigration processes, financial considerations, and cultural assimilation.

Regarding the information provided in the article by Victoria Day-Wilson, the subject revolves around the aspects of living abroad in Belize. Here's a breakdown of the concepts and key points discussed:

  1. Location and Appeal of Belize:

    • A Central American country known for its tropical fauna, laid-back lifestyle, and diverse outdoor opportunities.
    • Attractions include magnificent tropical settings, lifestyle options, and ample chances for exploration.
  2. Ease of Living in Belize:

    • Language: English is the official language, eliminating language barriers for many expatriates. Spanish is also spoken but isn't essential.
    • Legal System: Based on British Common law, familiar to individuals acquainted with American law systems.
    • Immigration: Relatively straightforward immigration procedures, easy entry and exit, and the option to become a resident after a year.
  3. Financial Aspects:

    • Currency: The Belizean dollar is pegged to the U.S. dollar, simplifying financial transactions for newcomers.
    • Tax and Financial Benefits: Incentives like the Qualified Retired Persons (QRP) program, low property taxes, exemptions for certain taxes (income, capital gains, inheritance), and the Belizean International Business Corporation (IBC) law for tax optimization.
  4. Geographical Convenience:

    • Proximity: Geographically close to North America, just a two-hour flight from Miami. Positioned conveniently for travel throughout the Caribbean, Central, and South America.
  5. Quality of Life and Appeal:

    • Diversity: Despite its relatively small size and population, Belize offers a diverse environment with beaches, lagoons, rivers, islands, and jungles.
    • Cultural Richness: Multiculturalism, ancient history, political stability, and a high quality of life combined with a low cost of living.
  6. Social Media and Travel Guide:

    • Information about Moon Travel's social media platforms for further guidance and insights into living in Belize.

This information showcases the multifaceted aspects that expatriates and individuals considering living in Belize might find attractive or beneficial.

If you seek more specific details or have further inquiries about particular aspects of living abroad, relocation procedures, or any related topic, feel free to ask for elaboration.

Why Moving to Belize Isn’t as Hard as You’d Think (2024)
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