If you qualify for retirement residency, you will be exempt from paying taxes and levies on all income or receipts that accrue to you from sources outside of Belize—whether that income is generated from work or from investment. Belize’s retiree program offers attractive incentives to foreigners looking to relocate here—particularly those who are already planning to declare their permanent residency outside the U.S. However, as a Qualified Retired Person (QRP), you are not allowed to undertake paid employment in Belize.

You must spend an equivalent of one month in Belize annually to maintain your status as a retiree resident. To qualify for the program, you must be in receipt of at least $2,000 a month (or the equivalent of at least $24,000 a year) from pensions or annuities (or other income) generated outside of Belize, and you will be required to submit a number of documents to verify your claims, in your application.