The Belize Retirement Incentives Program

Every retiree knows Belize is the ideal place to enjoy what life has to offer. People from around the world have already seen the beauty of Belize but have been having great thoughts about the investment and expenses. Good thing, there is a Belize Retirement Incentive Program available for all retirees. To know more about it, here is the basic information about it:

What Is Belize Retirement Incentives Program?

It is a program for qualified retired person to enjoy the freedom of importing the appropriate taxes and duties. This means that the qualified retired person can be exempted with different payments of taxes and duties on all receipts accumulated outside Belize. This will take effect in different sources of income whether from an investment or through an income-generating source.

General Regulations

The qualified retirees can obtain a personal vehicle so that that can go around Belize with ease. There will be duty and tax exemption of an imported vehicle but it has to be not older than 3 years from the current years. The retirees can also be entitled with important an aircraft with not more than 17,000 kg of weight. A private aircraft can be used to get to Belize but the pilot must possess a license set upon the requirements provided by the Civil Aviation. This also goes with the use of boat or any water vessel, either for pleasure or travel purposes.

For other taxes and duties, the qualified retirees can also bring any other personal valuables without any charges. This is decided upon the Customs. However, it the valuable should only be used for personal expenses and not for business. In case a retiree wants to opt for work, opening a business is certainly allowed.

Retirees who want to bring pets to Belize, it can be possible by fulfilling the requirements. The pet can be brought along valid import permit, international veterinary certificate, certificates of vaccines, approval papers by a quarantine officer and an entry fee of $30 USD with tax.

The Belize Retirement Incentive Program is the best thing that has ever happened to all future retirees. It is an opportunity that should be grabbed by people who always wanted to reside in a tropical paradise. To learn more, go to http://retireinbelize.org/.