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With a stable political and economic climate under democratic rule, Belize is a land of opportunity for the international investor. Unlike any other place in Central to South America, English is the official language of Belize. As you can imagine, with contracts and negotiations all being in English, navigating the purchase process or simply communicating clearly becomes a much more efficient and comforting experience.
Belize is a thriving offshore center with some of the most beautiful natural landscapes in the world and affordable and desirable real estate in abundance. Property prices in desirable parts of Belize have been steadily increasing in value for the past 25 years! This means that whatever you buy you are almost assured a great investment return.
Belize has a long history of private property ownership rights. Foreign buyers are able to purchase real estate in Belize unrestricted, meaning they have the same rights to own freehold property title deeds as a Belizean so there are no special permissions or permits required. Whether you're a local or a foreigner, the Government of Belize collects a Transfer Tax fee of 5% of the purchase price whenever title is transferred from one owner(s) to the next. What makes this even better is the fact that Government has established a whole host of incentives to promote investment, specifically foreign investment, through developer benefits and less restrictive development criterion. There is no capital gains tax and no inheritance tax in Belize, therefore if you sell or will your property in Belize you or your beneficiaries will not suffer taxation upon the disposal of your Belizean real estate asset(s).
Belize prides itself in providing schools with high academic standards, good health care facilities, historic homes, convenient local shopping and most importantly warm and welcoming neighbors. So, if you're looking for that perfect escape from the rat race or the next big destination in terms of global property hotspots, Belize is it.
Note: For anyone purchasing property in Belize, we recommend retaining the services of a local attorney to ensure proper and prudent guidance throughout the purchase process. A local attorney can run a title search, guarantee clean title and maintain a transparent process. In Belize, attorneys remain trusted advisors who are usually well-connected, well-paid pillars of the community and who wield real power. Attorney fees are negotiable and not all that different from what you would pay in a small city in the U.S.