Barrier Reef Realty
Real Estate Questions and Answers for Belize
Q: Is it safe in Belize?
Belize declared its independence from Great Britain in 1981 but is still considered part of the British Commonwealth. Belize boasts two major political parties that closely resemble the Democratic and Republican parties in the U.S. There is virtually no major crime in Belize in comparison to other areas of the globe. You can still walk the streets at night and feel comfortable greeting your neighbors. International organizations such as the Lions Club all have local charters.
Q: Can I own property in Belize?
It is legal for a foreigner to own property in Belize and property transfers are handled similarly to the U.S.. Free hold title will protect your interests. There is a tax on property transfers. Barrier Reef Realty will not show you properties/real estate unless legally surveyed and titled.
Q: Can I work in Belize?
You must be a legal resident or obtain a work permit to work in Belize. The process is rather simple if not time consuming. Barrier Reef Realty can direct you to the proper agencies to fulfill your requirements.
Q: What about taxes?
Unlike the U.S., Belize does not tax you on income derived outside the country. There are no Corporate Taxes and no Capital Gains Taxes in Belize. There are personal and business taxes. There are property taxes as well but they pale to taxes paid on property in the U.S.. Belize does not report income information to other countries so it is your responsibility to report as required by your country of domicile.
Q: What currency is used in Belize?
The Belize Dollar is fixed at a rate of two Belize Dollars to one U.S. Dollar. Both are accepted currency for day-to-day transactions. Barrier Reef Realty can assist you in the establishment of Offshore Accounts or International Corporations.
Q: Why choose Barrier Reef Realty?
We will cheerfully assist you throughout the complicated process of beginning a new life in a new location. We have already experienced the potential problems and solved them. We will help you to avoid the mistakes that can dampen the experience. Then, when you are ready to move up or move on we will still be there for you. Let this be my promise to you.