The Belize Qualified Retired Persons (QRP) Program is a residency program designed to attract retirees and individuals over the age of 45 to Belize. Here’s everything you need to know about the program:
Eligibility Criteria:
- Applicants must be 45 years of age or older.
- Applicants must demonstrate a steady and consistent income derived from a pension, annuity, or other retirement benefits, with a minimum annual income of $24,000 USD (or its equivalent in another currency). This income must be derived from a source outside of Belize.
- Applicants must not have been employed or involved in any form of business or gainful occupation in Belize.
- Applicants must provide proof of good health and obtain a medical certificate from a licensed physician.
Benefits of the Program:
- Qualified Retired Persons are granted permanent residency status in Belize.
- Participants in the QRP program are exempt from paying taxes on all income generated from sources outside of Belize, whether from employment, self-employment, or investments.
- QRPs can import personal and household goods, including a vehicle, boat, and light aircraft, into Belize without paying import duties or taxes.
- QRPs are entitled to enter and leave Belize freely without the need for an additional visa or permit.
Application Process:
- The application process for the QRP program involves submitting various documents, including:
- Completed application form.
- Passport-size photographs.
- Proof of age (e.g., copy of passport).
- Police record or background check from the applicant’s country of residence.
- Proof of income, such as pension statements or financial statements.
- Medical certificate issued by a licensed physician.
- The application must be submitted to the Belize Tourism Board (BTB) or through an approved QRP agency.
- Once the application is approved, the applicant will receive a QRP card, which serves as proof of participation in the program.
- The application process for the QRP program involves submitting various documents, including:
Renewal:
- The QRP status must be renewed annually by paying a renewal fee and providing updated documentation to verify continued eligibility.
Restrictions:
- QRPs are not permitted to work or engage in any form of gainful employment in Belize.
- QRPs must reside in Belize for a minimum of one month per year to maintain their status in the program.
Overall, the Belize Qualified Retired Persons Program offers an attractive option for retirees seeking to relocate to Belize and enjoy the country’s natural beauty, warm climate, and relaxed lifestyle. However, it’s essential to review the program requirements carefully. If you require additional assistance, feel free to reach out to us @: belizeanlifestyle@gmail.com
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