Buying Property in Belize

Belize is renowned as one of the easiest countries in Central America for foreign buyers. There are no restrictions on noncitizens owning property, no capital gains taxes and low property taxes. The country operates as a member of the British Commonwealth, with English as the primary language, and the Belize currency is fixed 2 to 1 to the dollar, providing a measure of stability to the money market.

Belize also boasts one of most liberal retirement programs in the region, the Retired Persons Incentive Program, first enacted in 1999. Under the program’s terms, foreign citizens older than 45 can import their possessions duty free and gain special residence status as long as they meet a few basic requirements.

Unlike other countries in the region, Belize doesn’t have any purchasing restrictions and grants full land titles to locals and non-Belizeans alike.

Step 1 :- Make an offer to purchase

Step 2 :- Negotiate with seller and provide a deposit

Step 3 :- Hire a Lawyer and do a Title Search Survey

Step 4 :- Sign the Purchaser Agreement

Step 5:- Pay Stamp Duty

Step 6 :- Transfer the Title ; shall be done after 30 to 60 days after the payment of the stamp duty. After receiving the title, A person would officially own real estate in Beliza.