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Emory King Talks About Retirement In Belize
Belize has a lot to offer the retiree. The retiree has a lot to offer Belize. It can be a symbiotic relationship.

For starters, all pensions from anywhere are tax free. Only pensions. Unfortunately, your other income (unless you are a registered retiree in Belize--see below), is taxable under the Income Tax Ordinance--a law I have been trying to get repealed since 1967. Every year the Government reduces the income tax in one way or another and releases more and more poor people from the tax, (thank God!), but steadfastly refuses to release the middle class and rich, those who create the jobs, the produce and the wealth of the country from the tax. What folly! If Belize was a tax haven, (like Cayman, the Bahamas, Bermuda and others), with its size and opportunities for development the unemployment problem would disappear and....

But, I digress. This article is about retirement.

In early 1999 the Government of Belize enacted a law to encourage English-speaking people of means to retire to Belize. The main provisions of the law require a qualified retiree to deposit $2,000 U.S.each month or an annual deposit of $24,000 U.S. in any commercial bank in Belize. 
The applicant must be 45 years old or more to qualify.

When approved, the applicant may bring into Belize his used household goods, personal effects, one automotive vehicle, one boat and one airplane with no customs duty or other taxes or fees. The Retiree may replace the vehicle, the boat and the car every five years, tax free.

Retired persons may not accept gainful employement in Belize. All income received by the Retiree from whatever sourse shall be free of taxes. For full details and application forms you may write the Ministry of Tourism, Belmopan, Belize, Central America. Face it, we're all getting older.

Who needs the cold winters? Come to the Tropics. Two thousand dollars a month is adequate at this writing--if you are away from the high rents in Belize City. If you can afford to buy a house at the outset so much the better.

Living on the Cayes is expensive too, but there are great places to live on the mainland that are not so costly. There are no "Retirement Communities" in Belize at this time, but one is on the drawing board and, if successful, it will doubtless spawn a number of others.

You should plan to spend at least two weeks in Belize travelling in the country, meeting people, and getting a feeling for each district. When you find a place you believe you might like, plan to move into the area for a six-month trial period. If you do not wish to be a qualified Retiree you can enter Belize for six months as a tourist.

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You can bring your car with you. At the end of six months you can pay the import duty on the car or you can sell the car and let the new owner pay the duty. The details of the car will be entered on your passport when you arrive and you will not be able to leave the country until the import duty has been paid or the car re-exported.

When you arrive at the border, don't jump out of the car and yell, "Here I am, Belize. I've come to live here the rest of my life." All that will do is make the Customs Officer turn on his calculator and start adding up the taxes he is going to charge you.

When you come to retire all your USED household goods, personal effects and the tools of your trade are allowed in duty free. Be sure they are USED and not brand new and still in their wrappings. Your motor vehicle, boat or airplane are not duty-free, unless you are a Qualified Retiree.

We have a lot of good doctors in Belize but no really A-1 hospital or nursing home. This is a problem, but it is not insurmountable. There is Wings of Hope, a charity airline which will fly emergency cases to the excellent hospital in Merida, Mexico.

An Air Ambulance service from Miami is available at outrageous rates. If you are not going to be a Qualified Retiree you must apply for Permenant Residence, but a Work Permit may be another matter. If you propose to enter a business venture which will compete with Belizeans or take a job which a Belizean can fill, you can expect problems from the Ministry of Labour. Don't let anyone tell you to pay a fee to someone for a Residency Permit.

Apply directly to the Government.

Once you are here get involved in the affairs of the community--the Church, the Zoo, the Rotary Club, Lions, YMCA/YWCA, Hospital Auxillary, Red Cross, etc. There is something you can do besides just sitting around in front of a TV set waiting to die. You must have learned something in all the years you have lived. Pass it along to someone.

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Billy and Akaisha Kaderli ‘retired’ at the age of 38 and have never looked back with regret.
Excerpted from How To Invest or Retire in Belize by Emory King - For more information on Emory, his books and his articles view his website at:  http://www.emoryking.com  - The name Emory King is probably recognized by more people in Belize, (and thousands of people abroad), than any other except the Right Hon. George Price, the Father of Belize, and Hon. Said Musa,  the current Prime Minister. King arrived in Belize in 1953 when the yacht he was on crashed onto the reef at English Caye. From that day to this he has been talking and writing about the wonderful country of Belize.  If you want to move to Belize, the half dozen or so books by Emory King are required reading.

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