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What's in the Belize QRP Retirement Program for Me?

temp-post-imageBelize’s unique "Qualified Retired Persons" (QRP) incentive program is just one of the reasons expats from the US, Canada, and Great Britain decide to make this beautiful country their home.

Administered by the Belize Tourism Board, it's been a big plus in a country where retirement options were already looking good.

The QRP program gives those interested in retiring in Belize even more incentives to do so.

Benefits include

  • Tax exemptions on all income derived from sources outside of Belize
  • Ability to import personal and household belongings (including a car, boat, and/or plane) with no import taxes
  • No capital gains taxes for sales within Belize
  • Non-resident status for banking purposes gives you the ability to set up US dollar bank accounts with local or offshore banking institutions
  • Spouses and dependents under the age of 18 (or 23 if attending university) are also eligible to receive Belize residency status through the QRP program

Eligibility:

Eligibility for the QRP program is simple.

  • Be at least 45 years old
  • Provide proof of income such that you can deposit US$2,000 or more a month.
  • As few expats have pensions these days, the program also allows for a single deposit of US$24,000 per year.
  • The QRP program is open only to citizens of the US, Canada, the United Kingdom, and Belize.

There's also an application fee of $150, and once admitted a $1000 acceptance fee. Dependents are charged at $750.

If you have questions about the QRP program or want to know whether you qualify, contact Discover Belize, and we can give you all the details and the official application form. Just drop us a line.