A New Life: Moving From The Us To Belize

Belize is a Central American country known for its lush jungles, Caribbean shoreline, and islands. It is a popular destination for US expats due to its welcoming attitude towards foreigners, low taxes, and proximity to North America. The country has a low cost of living, a laid-back lifestyle, and a favourable climate. Additionally, as the only English-speaking country in Central America, Belize offers an easy transition for Americans in terms of language and legal system, which is based on British Common Law.

The Belizean government has introduced initiatives such as the Qualified Retirement Program (QRP), which allows individuals over the age of 35 or 45 (depending on the source) with a regular income to settle in the country long-term, bringing their dependents. The process of obtaining permanent residency is also relatively straightforward, although it requires some paperwork and fees.

Belize offers a range of natural attractions, from secluded beaches and rainforests to Maya ruins and caves. The country's real estate market caters to both locals and foreigners, with prices varying based on location. While Belize might not be the cheapest place to live in Central America, it offers economic stability and a high quality of life.

Immigration and visas

Belize makes it relatively easy for US citizens to visit, live, work, and retire in the country. As a US citizen, you can visit Belize as a tourist without a visa and stay for up to a month. If you're planning on staying longer, you'll need to get a visa stamp each month to cover your extended stay, and you can then switch your application to permanent residence after a year if you wish.

Visitor Extension Permit

The tourist extension permit is a good option if you want to stay in Belize for a while without making a long-term commitment. The procedure is simple: you obtain a one-month entry stamp on your passport when entering the country, and after 30 days, you go to an immigration office and request a Visitor's Permit Extension for US$100, allowing you to stay for an additional 30 days. However, you cannot work or engage in any business during this time.

Visitor Long Stay Permit

The Long Stay Permit, also known as the Digital Nomad Visa, costs US$500 and is valid for six months. Applicants must be citizens or permanent residents of the EU, UK, USA, or Canada, with a minimum annual income of US$75,000 for individuals or US$100,000 for those applying with dependents. This permit does not allow employment in Belize and cannot be renewed.

Qualified Retired Persons (QRP) Program

The QRP is a popular option for US citizens over 35 (soon to be lowered to 40) who wish to retire in Belize. It offers tax-free entry for the retiree's household goods and motor vehicle, as well as duty-free import of items such as marine vessels and small aircraft. To qualify, you must show proof of a monthly income of at least $2,000 deposited in a local bank and spend a minimum of 30 days each year in Belize. As a QRP visa holder, you won't be able to work or own a company, but your dependents are entitled to work, and you can apply for permanent residency after one year.

Permanent Residency

After residing in Belize for one year without leaving the country for more than 14 consecutive days, you can apply for permanent residency. The application requirements include proof of financial stability, a valid passport, a medical certificate, a clear police record, and documents for any dependents. The application fee for US nationals is US$1,000 per person. Once approved, you can seek employment, open a local bank account, and travel in and out of Belize without restrictions. After five years, you can apply for full citizenship.

Cost of living

The cost of living in Belize is generally considered to be low compared to the US, making it a popular destination for retirees and expats. The cost of living depends on your lifestyle choices and where you choose to live. Here is a breakdown of the costs you can expect:

Housing

Belize offers a wide range of housing options, from basic wooden homes to modern concrete constructions. The cost of renting or buying a property varies depending on the style, location, and proximity to the beach or town centre. For example, in popular expat destinations such as San Pedro, Placencia, or Caye Caulker, rental prices can range from $1,200 to $1,500 per month for a two-bedroom apartment near the beach. In contrast, a one-bedroom apartment in the Cayo District can be rented for $1,000 per month.

Utilities

Electricity is the most significant utility expense in Belize, with a residential rate of $0.45 per kWh. A couple living in a two-bedroom home without air conditioning can expect to pay around $50 per month, while those using air conditioning may see their bill rise to $150 or more. Internet costs range from $25 to $80 for speeds suitable for streaming and working from home. Cable TV is available for $30 per month, and cell phone plans are affordable, with unlimited talk and text plans with 8 GB of data costing around $28 per month.

Transportation

Vehicle fuel is relatively expensive in Belize, with gasoline prices ranging from $5 to $7 per gallon. Vehicle insurance, licensing, and driver's license fees will also add to your costs, with approximate annual costs of $250, $100, and $30, respectively. Public transportation is a cheaper alternative, with bus fares ranging from $1 to $15 depending on the distance travelled.

Food

The cost of food in Belize varies depending on your dietary preferences and whether you choose to eat out or cook at home. Local shops and markets offer affordable options, and the national dish of stewed chicken, rice, and beans can be purchased for $6 to $8 at roadside stands. Eating out in tourist areas can be expensive, but locals can direct you to more affordable restaurants. A meal at a local restaurant will cost around $15 to $25, while roadside takeout may only set you back $6 to $10.

Healthcare

Healthcare in Belize is improving, but for more advanced medical care, you may need to travel to Mexico or the US. Basic healthcare services are affordable, with an "urgent care" visit costing around $25 and lab work costing around $200.

Other Expenses

Other expenses to consider include entertainment, such as snorkelling or scuba diving, which can cost $65 to $100 per person. Hiring a housekeeper or groundskeeper will cost around $25 per day for a six-day workweek.

Overall, a couple from North America can expect to spend at least $1,000 per month, with $1,500 being a more comfortable budget.

Belize offers a high quality of life at a relatively low cost. By choosing your location wisely and adopting some of the local habits, you can further stretch your budget and enjoy all that this beautiful country has to offer.

Healthcare

Belize's healthcare system is provided through both public and private healthcare systems. The Ministry of Health (MoH) is the government agency responsible for overseeing the entire health sector and is also the largest provider of public health services in Belize. The MoH offers affordable care to a majority of Belizeans with a strong focus on providing quality healthcare through a range of public programs and institutions. The private health sector, on the other hand, provides care to a smaller portion of the population at a relatively low cost with an emphasis on quality care and quality improvement.

Belize's healthcare system has been gradually improving in recent years, but it still faces some challenges. The country could benefit from more healthcare facilities, better equipment, and more specialized medical staff. This is partly due to the lack of funding from income tax revenue, as the country has fewer than 400,000 residents. Despite these challenges, Belizean doctors and medical staff are dedicated and attentive to their patients, often going above and beyond by offering their cellphone numbers and making house calls. While the medical attention in Belize is more personal, it may not be as advanced as in North America.

Most emergencies and common illnesses can be treated by doctors at public clinics or Red Cross emergency stations, which are available throughout the country. However, for more complicated medical treatments, many expats choose to seek healthcare in the US, Mexico, or Guatemala.

Belize City is home to most of the country's 24-hour healthcare facilities, including the Karl Heusner Memorial Hospital, the premier public healthcare provider in Belize. There are also excellent private hospitals in Belize City, such as Belize Medical Associates and Healthcare Partners, which offer more comprehensive care at reasonable prices. Other towns, such as San Ignacio, Dangriga, Corozal, and Punta Gorda, have 24-hour public hospitals, but their selection of medical services is more limited. Currently, there are no hospitals in Hopkins, Placencia, or on the islands (cayes). However, Ambergris Caye has two facilities (one private and one public) that provide around-the-clock care, and a local airstrip nearby for emergency evacuations.

Expats in Belize should consider obtaining international health insurance that covers emergency evacuation, as the cost of an ambulance flight can be significant. Additionally, those with existing medical conditions should carry a letter from their doctor describing their condition and listing their medications. It is also important to keep medications in their original containers and to have emergency contact information in your passport when travelling to Belize.

Pharmacies in Belize offer low prices, and those in larger towns are generally well-stocked with generic medications. Drugstores in Belize often sell medications over the counter that would require a prescription in the US, but it is still recommended to bring your prescription medications when travelling to Belize. Dental care in Belize is also of excellent quality and reasonably priced.

When considering a move to Belize, it is important to evaluate the regional emergency healthcare options, especially if you have long-term health issues. While Belize has made significant improvements to its healthcare system, advanced medical care is limited even in major cities, and emergency care may be delayed or unavailable in rural areas. Therefore, it is crucial to have adequate health insurance and consider the option of medical evacuation to the US or other countries for serious injuries or illnesses.

Banking and taxation

The banking sector in Belize is regulated by the Central Bank of Belize, which ensures the stability and integrity of the country's financial system. There are several banks in Belize that cater to both locals and expats, including Belize Bank, Atlantic Bank, Heritage Bank, and Scotia Bank. Opening a bank account in Belize is a straightforward process, requiring documents such as a valid passport, proof of address, and sometimes a reference from your current bank. Banks in Belize offer a range of services, including savings and checking accounts, debit and credit cards, online banking, and investment services.

When it comes to taxation, Belize has a relatively simple tax system. People earning up to 26,000 BZD a year are exempt from income tax. Income above this amount is taxed at a flat rate of 25%. Additionally, there is no capital gains tax or inheritance tax in Belize. Property taxes are around 1%.

It is important to be mindful of currency exchange rates and potential fees associated with international transactions. Expats should also keep track of their spending and budget accordingly to maintain financial stability while living in a new country.

• Compare the different banks and their offerings to find the best fit for your financial needs.
• Be aware of any fees or charges associated with international transactions.
• Consult with a financial advisor who is familiar with the tax laws and financial regulations in Belize to ensure compliance and make informed financial decisions.
• Consider using a multi-currency account to manage your money across borders efficiently.

Quality of life

Belize is a popular destination for US expats due to its stunning natural scenery, friendly people, and laid-back way of life. The country offers an enviable lifestyle and a low cost of living. It is also known for its open-arms attitude towards expats and its welcoming attitude towards retirees.

The cost of living in Belize is generally low compared to the US, making it a popular place for retirees and those on a fixed income. The currency is favourable for US citizens, as the US dollar is widely accepted and the Belize dollar is pegged to the US dollar at 2 BZD to 1 USD.

Belize has a tropical climate with hot and humid weather all year round. The country experiences a rainy season from May to November and a dry season from February to May. The warm weather and beautiful natural surroundings provide plenty of opportunities for outdoor activities such as diving, snorkelling, fishing, kayaking, sailing, and surfing.

The Belizean people are known for their friendliness and hospitality, making it easy for expats to feel welcome and settle into their new surroundings. The official language of Belize is English, which makes the transition easier for US expats. Spanish, Creole, and Mayan dialects are also spoken in the country.

In terms of housing, expats have the option to rent or buy property in Belize. While real estate prices are higher compared to other Central American countries, they are still considered a bargain compared to coastal areas in the US. It is recommended to rent before buying to get a feel for the different areas and find the right location that suits your needs and budget.

Healthcare in Belize is limited, with advanced medical treatment only available in major cities. Many expats choose to pay out of pocket for doctor visits, which can cost between $25 to $50, or go across the border to Mexico for more extensive medical treatment.

The education system in Belize follows the UK curriculum, which may make it harder for children to reintegrate into the US system if they return home. However, there are also private international schools that offer a US-based curriculum.

Overall, Belize offers a high quality of life with a low cost of living, making it an attractive option for those looking to relocate or retire abroad.

Frequently asked questions