About retirement in Belize
There are many case studies conducted on retirement. A lot of people nowadays are exploring the possibility of retiring abroad. Living off your savings in the sunny countryside with nothing but peace and tranquillity surrounding you sounds like a dream come true. Countries such as Belize provide a comfortable lifestyle and many low-cost options for expatriation. Here’s some information to help you retire in Belize or get a basic understanding of retiring abroad.
Why you should retire in Belize
There are many advantages to retiring abroad. Depending on your choice of location, you can quickly fulfil your lifelong dreams of travelling and discovering the world beyond your nest. Many countries offer affordable healthcare and medication, which is a priority when older. By retiring overseas, you can also avail a variety of retiree incentives. The culture and social dynamics can also come as a refreshing change that can make you look forward to retirement instead of dreading it.
Belize offers many attractions to ex-pats. The low-cost housing and being an English speaking country make it one of the most coveted destinations for retirement. In addition, the reefs, rainforests, rivers and farms make a living in Belize a year-round vacation. Belize offers a variety of attractive packages and incentives to those looking to retire.
Steps to Retire in Belize
On average, a couple will need around $1,700 per month to live frugally if they retire in Belize. This amount covers housing, health insurance, travel and other expenses. There are two primary residency options available for retirees. You can either become a permanent resident or apply for the Qualified Retirement Persons (QRP) program/ The permanent residency program requires that you spend at least 50 consecutive weeks out of a full year in Belize. The QRP program has a more flexible procedure for its accepted members.
Retiring to Belize is quite simple, but we recommend consulting a professional. With over 12 years of experience delving into real estate and relocation, we offer top of the line services to help you find the best retirement solution.
Where to Retire in Belize
The top retirement spots for ex-pats in Belize include Ambergris Caye, Caye Caulker and the Placencia peninsula. However, the Cayo Region and the Corozal District are becoming increasingly popular.
Depending on your needs and wants, I highly recommend that you do excessive research, visit and spend time in the different areas before you commit to retiring in Belize and purchasing a property.
As always, I am here to guide and answer any questions you have about moving to Belize, retiring in Belize, and purchasing property in Belize.