Highly regarded as one of the most prestigious retirement incentives, Belize’s Retired Persons Incentive Act (RPIA) is enough to draw you into the magic of the Caribbean for good. Featuring taxation waivers on imported goods and income generated outside of Belize; eligibility requirements are modest.
The Qualified Retirement Program (QRP) was created to facilitate eligible persons who have met the income requirements, to permanently live and retire and relax in Belize. Get ALL the facts about this program and discover how you can make this tranquil destination your next home.
- Any Retired Person 45 years or older.
- Dependents only include spouse and children under 18 years (children under 23 years can be allowed providing a school enrollment certificate).
- Must be a beneficial recipient of a pension or annuity of USD $2,000 monthly or USD $24,000 annually from a source outside of Belize.
- Must be able to provide a written undertaking to deposit the amount in a bank, credit union or a licensed financial institution in Belize.
- Must pass the security clearance by the Ministry of National Security in Belize.
- Must be able to remain in Belize for a minimum of 30 consecutive days annually.
Incentives and Benefits
Any person who has been accepted into the QRP Program is entitled to the following under the Belize Retired Persons Incentives Act, Chapter 62 of the Laws of Belize, Revised Edition 2011:
- QRP Resident Card – QRP’s and their dependents shall receive QRP Resident Cards that entitles them to remain in the country and allow multiple entries into the country without a visa.
- Duty Exemptions – QRP’s shall be entitled to duty exemptions of the following items for personal use only within the first year of acceptance into the program:
(1). Personal and Household Effects
(2) Personal Boat
(3) Personal Aircraft – Light aircraft less than 17,000 kg
(4) Personal Motor Vehicle – Model of must be within the last 5 years (Allowed to purchase a new vehicle every 3 years with proper disposal of previous vehicle)
- Tax Exemptions – QRP’s shall be exempted from all taxes and duties on incomes received from a source outside of Belize, capital gains tax and inheritance tax.
Application forms for the Qualified Retirement Program in Belize can be downloaded by clicking on Member or Dependent respectively.
Completed Application forms and the list of supporting documents for applicant and each dependent must be submitted to the Belize Tourism Board office on #64 Regent Street, Belize City, C.A. All payments must be made payable to the Belize Tourism Board in the form of USD cash or USD Cashier’s check.
The required supporting documents are:
- Birth Certificate – for the applicant and each dependent.
- Marriage Certificate (If applying for dependents and spouse)
- Authentic Police Record – from last place of residency. (within 1 month of application)
- Passport – clear copies of complete passport for applicant and all dependents.
- Proof of Income – official statement from bank with pension or annuity amount and written undertaking for required USD $2,000 monthly or USD $24,000 annual deposit.
- Medical Examination – medical certificate with HIV results for applicant and dependents.
- Photos – 4 (front) and 4 (profile) recent passport photographs of applicant and dependents.
Fee payable at application submission:
USD $150.00 – Application Fee (non-refundable)
Fees payable at acceptance:
USD $1,000.00 – Applicant Program Fee
USD $750.00 each – Dependent Program Fee
USD $200.00 – QRP Program Card Fee
*Annual Renewal Fee BZD $50.00
Contact us at email@example.com if you would like to have a local expert assist you with the application process.