How to Retire in Belize: QRP Program vs Residency Explained
Thinking about retiring in Belize? You’re not alone. Every year, more retirees discover Belize’s warm climate, English-speaking culture, and welcoming communities. But when it comes to living here long-term, two main options exist: the Belize Qualified Retired Persons (QRP) Program and Residency.
In this guide, I’ll walk you through both, covering requirements, costs, benefits, and next steps so you can decide which path is right for you.
Table of Contents
What is the Belize Retirement Program (QRP)?
The Qualified Retired Persons Program (QRP) was created by the Belize Tourism Board for retirees who want to enjoy Belize full-time or part-time. It’s designed for those with a steady retirement income from outside Belize.
Unlike Residency, QRP holders don’t need to live in Belize year-round; you only need to spend 30 consecutive days per year here.
Who Qualifies for the Belize QRP Program?
To apply, you must:
- Be 45 years or older
- Earn at least $2,000 USD per month (or $24,000 annually) from a source outside Belize
- Be able to deposit that income into a Belize bank account
- Include dependents such as your spouse and children under 18 (or up to 23 if enrolled in university)
- Be from an eligible country (U.S., Canada, EU nations, Commonwealth countries, most of Asia, and South America)
Benefits of Retiring in Belize with QRP
The program comes with some big perks:
- Residency Status – You’ll receive a QRP Resident Card, allowing multiple entries without needing a visa (but you must renew the card annually).
- Duty-Free Imports – Within the first year, you can bring in household goods, a car (up to 5 years old), a boat, or even a small aircraft without paying import duties.
- Tax Exemptions – No tax on income earned outside Belize, capital gains, or inheritance.
Fees for the QRP Program
- Application Fee: $150 USD
- Approval Fee: $1,000 USD (main applicant)
- Dependent Fee: $750 USD per dependent
- QRP ID Card: $200 USD (per person)
- Annual Renewal Fee: $25 USD
Belize Residency Options: Permanent vs Temporary
For those who want to live in Belize year-round, work here, or eventually become a citizen, Residency is the better option.
- Permanent Residency: For people making Belize their primary home.
- Temporary Residency: For those investing at least $250,000 USD in Belize but still spending significant time abroad.
Permanent Residency Requirements
To qualify, you must:
- Live in Belize for 1 full year (renewing your visitor’s permit every 30 days – $100/month for North Americans).
- Spend no more than 14 days outside Belize during that year.
- Show financial stability and good character (no major criminal record).
Fees:
- Once approved for residency, the application fee is: $2,000 USD (U.S. citizens) or $1,500 USD (Canadian citizens).
Temporary Residency Requirements
- Show proof of investment in Belize of at least $250,000 USD.
- Valid for 1 year and renewable.
- Fees are 1/5 of permanent residency fees (based on nationality).
QRP vs Residency: Which Is Better?
Here’s a quick comparison to help you decide:
| Feature | QRP Program | Permanent Residency |
|---|---|---|
| Age Requirement | 45+ | None |
| Income Requirement | $2,000/month from abroad | Show financial stability |
| Time in Belize | 30 days/year | Full-time (max 14 days away) |
| Work Allowed? | ❌ No | ✅ Yes |
| Path to Citizenship | ❌ No | ✅ Yes (after 5 years) |
| Key Benefit | Tax/duty exemptions | Full legal rights + citizenship eligibility |
Cost of Living in Belize for Retirees
One of Belize’s biggest appeals is affordability.
- Basic monthly budget (couple): $1,500–$2,500 USD
- Housing: Rentals range from $500–$1,200 USD (depending on location)
- Utilities: Around $150–$300 USD/month
- Groceries & Dining: $400–$600 USD/month
- Healthcare: Affordable local care; many retirees use Mexico for major procedures
Becoming a Belizean Citizen
To apply for citizenship:
- Hold Permanent Residency for 5 years
- Live continuously in Belize (no long absences)
- Once approved and sworn in, you can apply for a Belizean passport.
What to Do After Applying
- Start exploring communities, Placencia, San Ignacio (Cayo District), Corozal, and Ambergris Caye are popular with retirees.
- Consider working with a reputable real estate company (like RE/MAX Belize) to find your dream home.
- Get to know the culture and pace of life in Belize runs on “island time,” which many retirees love.
FAQs About Retiring in Belize
Can I work in Belize under the QRP?
No. QRP is for retirees with outside income; it doesn’t allow local employment.
Can my spouse and kids be included?
Yes, dependents can be added to your QRP application.
Which option is faster: QRP or Residency?
QRP is usually faster and easier, while Residency requires living in Belize for a year before applying.
Do I have to give up my citizenship?
No. Belize allows dual citizenship.
Ready to Take the Next Step?
Retiring in Belize is an exciting adventure but choosing the right path matters. Whether you’re leaning toward the QRP Program for flexibility or Residency for long-term security, I’d be happy to guide you through the process.
👉 Contact me today to learn more about retiring in Belize and to explore properties that fit your new lifestyle.
Also check out Moving to Belize: Addressing Expats’ Common Concerns
