Posted: Monday, December 23, 2019. 9:26 am CST.
By BBN Staff: Many people reaching retirement age worry about having enough money to enjoy their retirement. As housing and other costs continue to climb in the US and Canada, many retirees have started looking abroad to find affordable alternatives.
In recent years, Belize has become a popular destination for these retirees. An estimated 20,000 expatriates currently live in Belize, and many of them are from the US and Canada. What is drawing retirees and others to move to this small Central American country?
According to expatriates who live here, Belize offers a wealth of advantages over other countries in Central America, the Far East or the Philippines. The gorgeous scenery, great weather and relaxed lifestyle rank at the top. Here are some other reasons expatriates have chosen Belize.
Belize is close to home. Flights to Belize depart daily from major cities in the US and Canada. In just two or three hours, retirees can fly from Belize back home to visit family or take care of personal affairs. This closeness also makes it easy for family members to visit.
As a former British colony, Belize is an English-speaking country. It’s easy to do business, buy real estate and make daily arrangements in a country where banking documents, road signs and menus are all in English. Although English is the official language, most Belizeans also speak Spanish, Kriol, Dutch or a Maya language.
The Belizean currency is also easy for foreigners to use. Belize uses dollars, and two Belizean dollars are equal to one US dollar. This adds to the ease of conducting business in Belize. Belize’s laws, regulations, and civic institutions will also be familiar to most people from the US or Canada.
Belize is a beautiful country that is filled with opportunities for sightseeing and recreation. From stunning beaches to lively towns, mountains, nature preserves, rivers, and historical sites, it offers a wealth of enjoyable activities. People accustomed to the rush and stress of life in US and Canadian cities find that life in Belize is enjoyably slow and easy. Warm, sunny days are the norm.
Belize offers a relaxed, easygoing lifestyle that is affordable for most people. The cost of living is overall about 30% lower than it is in the US. Most expatriates find they can live even more cheaply if they eat fresh, local food rather than relying on imported US or Canadian goods.
It’s possible to get inexpensive cell phone coverage, wi-fi, cable TV and other amenities in Belize. Expatriates say they don’t need cars, expensive technology or other high-cost items to live well in a country where life goes at a slower pace.
If you’re intrigued by the idea of living in Belize, talk to Boris Mannsfeld & Associates. Boris Mannsfeld is the go-to agency in Belize. They specialize in finding the best investment opportunities for retirees and expatriates.
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