Posted: Wednesday, March 4, 2020. 1:43 pm CST.
By BBN Staff: Belize is quickly becoming one of the top travel destinations, but did you know that the country has a great retiree program too?
Also referred to as QRP, the Qualified Retired Persons Program is a great option for those who would like to retire in Belize.
One of the major requirements of the program is that you must deposit $2,000 into a Belize bank account each month.
Here are the many benefits of the country’s QRP retirement program.
Many people love that they do not need to be 65 to apply to this great program. The QRP retirement program may accept anyone who is at least 45 years old.
Spouses and children can also be included in this program for an extra fee.
The QRP Retirement Program comes with some tax benefits. As a qualified QRP resident, you can import your personal belongings without being charged taxes or import duties. Such personal belongings may include a car, plane, boat, and everyday goods.
These benefits are available during your first year as a QRP.
Even if you aren’t officially retired, you can still take advantage of this program.
Although the program prohibits QRPs from working for a business in this county, you can still work online as long as your clients are outside of Belize. Just keep in mind that your business has to be conducted with non-citizens of Belize.
If you are a person who loves working from home, you would probably greatly appreciate this benefit. Several QRP retirees with online consulting businesses have found this benefit extremely useful.
Once you receive your QRP card, you aren’t required to stay in the country for long periods of time, unless you want to.
The QRP card allows you to cross Belize’s borders whenever you want. Sounds pretty amazing, right?
The only requirement is that you spend at least one month per year in the country. By doing so, you’ll be able to successfully remain a QRP retiree.
After reading these great benefits of the QRP Program, aren’t you ready to submit an application?
The good news is that the program’s application process is extremely quick.
In only a few, short months, you could have your QRP status.
If you are serious about retiring in Belize, you’ll need to look for real estate properties in addition to completing the QRP application process.
Some of the best properties for retirees are located in Placencia, a beautiful, flourishing area in southern Belize.
Serving clients for over ten years, Boris Mannsfeld & Associates or BMA is always ready to handle all of your unique Belize real estate needs.
Give them a call today to see how they can help you retire in Belize.
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