Information about Belize Retirement is divided into
Incentives and Regulations
Terms and Conditions
Anyone forty-five years and older may
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 college
INCOME FROM PENSION OR OTHER SOURCE
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
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
-Certifying that the obligation signed in favor of
the beneficiary is not less than US $2000.00 per
iv) The applicant must present two (2) bank
references from the company that is sending the
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
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Incentives and Regulations
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.
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
1. Personal Household Effects
Qualified Retired Persons have one year from the
date that they officially enter the program to
import their personal and household effects free of
duties and taxes as determined by the Customs
Department. Numerous entries are permitted within
the one year period; however, your detailed master
list of household and personal effects must be
submitted to the Belize Tourism Board upon approval
into the Program. After the year has elapsed, you
will be subject to all duties and taxes under the
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
b. Light Aircraft
A 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.
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 the
qualified retiree to the proper authorities.
Qualified Retired Persons must note that only after
3 years and upon proof that the vehicle previously
imported into Belize under the Program has been
disposed of according to regulations, will another
concession be granted to import a new
4. Offenses & Penalties
Any person who knowingly makes any false declaration
or entry in order to qualify for or renew any
exemption or privilege granted under the Retired
Persons (Incentives) (Amendment) Act, 2001 commits
an offence and shall be liable on summary conviction
to a fine not exceeding one thousand dollars.
5. Fee Structure
a. A non-refundable application fee in the sum of US
$150.00 payable to the Belize Tourism Board must be
submitted with the application.
b. A Program fee in the sum of US $1,000.00 payable
to the Belize Tourism Board must be submitted upon
acceptance into the Program.
c. Upon acceptance into the Program a fee of US
$200.00 must be paid to the Belize Tourism Board for
the issuance of the Qualified Retired Person
d. Each dependent is required to pay a Program Fee
of US $750 to enter the Program.
NOTE: All payments must be made payable to the
Belize Tourism Board and be in the form of US cash,
US bank draft or US cashier's check. Personal or
company checks will not be accepted.
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Below is a copy of the terms and conditions
form. Please review.
1. All Qualified Retired Persons must adhere to the
general procedures cited by the Customs Department
for the clearing of all personal and household
effects including 'Mode of Transportation'.
2. Qualified Retired Persons are not allowed to seek
employment or work for pay while in this program or
3. Qualified Retired Persons within this program
must inform the Belize Tourism Board regarding any
changes stated on the application form. Failure to
do so may result in the revocation of applicant's
4. Qualified Retired Persons must adhere to all
existing laws of Belize, in addition to the Retired
Persons (Incentives) (Amendment) Act, 2001.
5. All benefits provided by this program will be
exclusively used by the Qualified Retired Persons
and his or her dependents.
6. The Belize Tourism Board has the authority to
carry out any investigation with respect to the
validity of any document provided by the applicant
under this program.
7. Participants within this program must inform the
Belize Tourism Board prior to leaving the country
indefinitely so that the assets purchased under this
program can be liquidated.
8. All documents presented to the Belize Tourism
Board become the property of the Board.
9. The applicant must not have any criminal matters
with the law at the time of application.
10. Applicants must present a listing with all the
necessary information with regards to his or her
dependents. If the applicant has a dependent over
eighteen and in school, then he or she must present
a proof of enrollment from that institution.
11. Qualified Retired Persons must submit a yearly
bank statement showing compliance with the financial
requirements of the program.
12. Qualified Retired Persons must spend an
equivalent of one month in Belize annually to
maintain their status as a Retiree Resident.
Acceptance of these terms and conditions must be
endorsed with the signature of the applicant in the
presence of a witness.
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Each application for the Retirement Program
will be processed by the Belize Tourism Board and
forwarded to the Department of Immigration and
Nationality. Persons interested in the program must
submit completed applications to the Belize Tourism
Board with the following supporting documentation:
A copy of a certificate for the applicant and each
(if married and spouse is a dependant)
Authentic Police Record:
An authentic police record from the applicants last
place of residency issued within one month prior to
Clear copies of complete passport (including all
blank pages) of applicant and all dependents that
have been certified by a Notary Public. The copies
must have the passport number, name of principal,
number of pages and the seal or stamp of the Notary
Proof of Income:
(a.) An official statement from a bank or financial
institution certifying that the applicant is the
recipient of a pension or annuity of a minimum of
Two Thousand United States Dollars (US $ 2 000) per
Applicants should undergo a complete medical
examination including an AIDS test. A copy of the
medical certificate must be attached to the
Four front and four-side passport size photographs
that have been taken recently of applicant and
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