Real Estate In Belize:
Real estate values in Belize have been on a steady increase, with some areas experiencing phenomenal growth. Below are some of the most frequently asked questions and main concerns prospective buyers usually ask us when looking to invest Belize.
Can Non-Belizeans purchase property in Belize?
Yes, Non-Belizeans can purchase and own property in Belize.
What are the closing costs one can expect from purchasing real estate in Belize?
The Government of Belize recently changed its policy regarding stamp duties (transfer tax) on land transfers in order to encourage real estate investment.
Are there title companies in Belize?
What about title insurance?
Title or escrow services are usually handled by a qualified attorney. Although some companies may offer title insurance, the best and safest bet is to hire an attorney to undertake and complete a title search during your due diligence period.
Are there any special licenses or permits needed from the Government for land purchase or development?
The government of Belize is very proactive with regard to development. Any legitimate developer can be granted a license from the government for developments that will add to the welfare of Belize and Belizeans.
What type of construction costs can one expect?
Construction costs in Belize varies, like most thing.
location and area
availability of resources
What if there are ancient artifacts on the property being purchased or leased?
Any artifacts found to exist on private or public property must be declared to and registered with the Belize Department of Archeology.
Belize has been blessed with unspoiled natural beauty and people as diverse as its landscapes.
Belize's economy is based on agriculture with sugar, citrus, bananas and now, aquaculture, as significant providers of foreign exchange.
Living | Working | Doing Business
What are living expenses like in Belize?
Living expenses in Belize are substantially lower than those of the developed world.
Can Belizeans returning to Belize benefit from special incentives?
Yes. Belizeans returning to Belize that are classified as Qualified Retired Persons can qualify for the many incentives offered by the Government of Belize.
Does the Government of Belize offer incentives for Foreign Investment in Belize?
Yes, the Government of Belize strongly supports Foreign Investment in Belize and offers many incentives to investors focused on making investments that will create:
employment opportunities for Belizeans
will earn foreign exchange or be export-oriented
will make good use of Belize's resources with preservation for the future
will introduce and utilize state-of-the-art technology
and will expand Belize's economic base and offer exposure to new markets
income tax breaks and
import duty exemptions
Can a non-Belizean work in Belize?
Work permits can be given to non-nationals providing they apply under the guidelines of the Belize Labour Department.