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Belize is the new Bahamas says article in The Escape Home

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Posted: Wednesday, September 29, 2021. 11:34 am CST.

By Rubén Morales Iglesias: An article appearing in the September edition of The Escape Home, “a newsletter for second homeowners and those who want to be”, says Belize is the new Bahamas.

The article tells the story of Angie Mclean who was looking for a place to resettle. After trying Ecuador, Costa Rica, Mexico, Thailand, and Panama, she chose Belize. Well, to be particular Ambergris Caye.

“In recent years, the Central American country — and more specifically Ambergris Caye, a tiny sliver of Caribbean island — has been growing in popularity,” writes Danielle Hyams, the author of the article.

“Retirees, investors, vacationers, and digital nomads have been coming in droves, drawn not just by the country’s natural beauty — it boasts a barrier reef second in size only to the Great Barrier Reef of Australia — but by the low cost of land and ample investment opportunities. English is also the official language,” Hyams writes.

She then makes reference to the “incredibly diverse” Belizean population of Belize is incredibly diverse comprised of Creoles, Garifuna, Mestizo, Spanish, Maya, English, Mennonites, Lebanese, Chinese, and South Asian.

Dustin Rennie, a real estate agent with RE/MAX in Belize, compares Ambergris Caye to the Bahamas or the Cayman Islands 30 years ago.

Mclean was settled in Belize after 10 minutes in Ambergris Caye.

“Everything about it was just in sync. It has the perfect amount of fruit stands where you can go and get a smoothie, the perfect amount of partying where it’s not loud or raves all night but people have a good time sitting around listening to some live music, the weather is nice, the people sort of mind their own business, it’s not too American where you are shuffled around in a Planet Hollywood setting. It’s the perfect amount of island, it’s safe, it’s clean, the locals are friendly. I just fell in love with everything about it,” said Mclean.

She now owns side-by-side plots in a development called Mahogany Bay. Her plan is to construct two homes, one for a long-term rental and the other is to be her second home until she retires and moves to Ambergris Caye “full time”.

The story says that Belize provides great opportunities for investment particularly with property tax being low. It talks about how cheap and easy it is for foreigners to buy land and set up shop.

The story also says Belize offers major incentives to retirees through its Qualified Retirement Program, that foreigners over 45 only have to prove they have an out-of-Belize monthly income of at least $2,000 USD “to live in Belize indefinitely and to bring their personal and household effects, one personal boat, one personal aircraft, and one motor vehicle into the country tax and duty-free”.

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