The Qualified Retired Persons (QRP) Incentive Program for Belize is available to anyone forty-five years and older from anywhere in the world.
The laws governing the QRP program can change and then the prospective Retiree may be faced with inaccurate or out-dated information. At Discovering Belize, we actively research and request up-to-date information right from the source. In the case of the QRP program, the information comes directly from the Belize Tourism Board, as of February 17, 2015. We will strive to update this information any time there is a change to the laws or requirements.
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Current Qualified Retired Persons (QRP) Program Requirements
The Belize Tourism Board offers the “Qualified Retired Persons (QRP) Incentives Program” for persons living any where in the world who would like to retire in Belize. Any qualifying person can also include spouses and children under 18, including dependents up to the age of 23, if they are enrolled in a university. To qualify for QRP you must meet the following requirements:
Persons are at least 45 years of age and can prove a permanent and consistent income from investment (abroad or in Belize), pension or other retirement benefits.
The benefits of retiring in Belize include:
- Tax Breaks
- English Speaking
- Good Educational System
- Sub-tropical Climate all year round
- Easy access to land for development and construction of a retirement home
- Close proximity to the United States and Mexico
- Strong and Stable Belize Dollar
- Abundance of natural resources
- Breathtakingly beautiful
- Friendly people
- Peaceful Nation
Qualified Retired Persons Application Process:
The Belize Tourism Board processes all applications for QRP in cooperation with the Ministry of National Security and the Department of Immigration and Nationality.
Interested persons please submit completed applications directly to the Belize Tourism Board. You will need the following documents:
1. Birth Certificate – A copy of a birth certificate for the applicant and each dependent
2. Marriage Certificate – If married and spouse is a dependent
3. Authentic Police Report – A police or criminal record report from the applicant’s last place of residency
4. Passport – Clear copies of complete passport (including all blank pages) of applicant and all dependents that have been certified by a Notary Public. The copies must have the passport number, name of principal, number of pages and the seal or stamp of the Notary Public.
5. Proof of Income –
a) An official statement from bank or financial institution certifying that the applicant is the recipient of a pension or annuity of a minimum of Two Thousand United States Dollars (US $2000) per month
b) A Financial Statement from a financial institution, bank, credit union, or building society in Belize certifying that the applicant’s investment or deposit will generate the sum, of a minimum of Two Thousand United States Dollars (US $2000) per month or the equivalent of Twenty Four Thousand United States Dollars (US $24,000) per year
6. Medical Examination– Applicants should undergo a complete medical examination including an AIDS test. A copy of the medical certificate must be attached to the application.
7. Photos– Four frontal and four profile passport size photographs that have been taken recently of applicant and dependents.
*Please note that it is also a requirement that all dependents should submit all documents listed with exception of the proof of income.
Income from Pension of other sources:
1. Retired Pensioner
a. Retired pensioner is that person who qualifies under the program and receives a monthly income of not less than US $2000.00 through a pension or annuity that has been generated outside of Belize.
a. When a company grants a pension, that company has to prove that it has been in operation for at least 20 years by submitting proof of registration
b. The company that grants the pension shall certify that the pension of no less than US$2000.00 per month will be forwarded to a reputable financial institution within Belize. This letter must be signed by the manager, president, or by a legal representative of the company
c. Certification by a Certified Public Accountant independent of the company:
i. Stating the date the company was established
ii. Verifying the authenticity of the above mentioned letter< br/>
iii. Certifying that the applicant signed in favor of the beneficiary is of no less than US$2000.00 per month
d. The applicant must present two (2) bank references from the company that is sending the pension
e. The company granting the pension must present a document outlining its pension scheme
*Note: Requirement “b” through “d “can be omitted where the company sending the pension is considered to be a “Fortune Five Hundred” Company.
3. Background Check:
All applications are subject to a background check to be carried out by the Ministry of National Security.
All persons who have been designated a Qualified Retired Person shall be entitled, on first entering Belize, to import his or her personal effects and an approved means of transportation free of all import duties and taxes.
A Qualified Retired Person shall be exempt from the payment of all taxes and duties on all income or receipts which accrue to him other from a source outside of Belize whether that in come is generated from work performed or from an investment.
All privileges, exemptions and regulations herein included are governed by the Retired Persons (Incentives) (Amendment) Act, 2001, and the ACT will serve as the basis for all purposes of interpretation.
1. Personal/Household Effects
Qualified Retired Persons under the program can qualify for duty and tax exemptions on new and used personal and household effects admitted as such by the Product Development Officer in charge of the program. A list of all items with corresponding values that will be imported must be submitted with the application. All items must be imported in country within 1 year after approval into the program.
a. Motor Vehicle
Qualified Retired Persons are strongly encouraged to procure a vehicle in Belize. However, we will facilitate duty and tax exemption on an imported vehicle.
b. Light Aircraft
A Qualified Retired Person is entitled to import a light aircraft less than17, 000 kg. A Qualified Retired Person is required to have a valid Private Pilot license to fly in Belize. This license can be obtained by passing the requirements set by the Civil Aviation. However, if the participant has a valid pilot’s license, that license only has to be validated by Civil Aviation Department in Belize.
Any vessel that is used for personal purposes and for pleasure will be accepted under this program.
3. Disposal of Duty Free Items
If for whatever reason a qualified retired person decides to sell, give away, lease, or otherwise dispose of the approved means of transportation or personal effects to any person or entity within Belize, all duties and taxes must be paid by that person or entity to the proper authorities.
Qualified Retired Persons must note that only after 3 years and upon proof that the transportation that was previously imported to Belize was adequately disposed of, will another concession be granted to import another mode of transportation.
4. Offenses and Penalties
Any person who knowingly makes any false declaration or entry in order to qualify for or retain any Exemption or privilege granted under the Retired Persons (Incentives) (Amendment) Act, 201 commits an offense and shall be liable on summary conviction to a fine not exceeding five thousand dollars.
5. Fee Structure
a. A non-refundable application fee in the sum of US $150.00 payable to the Belize Tourism Board must be submitted with the application.
b. A program fee in the sum of US $1,000.00 payable to the Belize Tourism Board must be submitted upon acceptance into the program.
c. Upon acceptance into the Program, a fee of US$200.00 must be paid to the Belize Tourism Board for the issuance of the Qualified Retired Person Residency Card.
Each dependent is required to pay a Program Fee of US $750 to enter the Program.
*NOTE: All payments must be made payable to the Belize Tourism Board and be in the form of US cash, US bank draft or US cashier’s check.
For the most current application you can download the .PDF Application here:
For more information contact the Belize Tourism Board:
PHONE: 501-227-2420 FAX: 501-227-2487 TOLL FREE: 1-800-624-0686
ADDRESS: P.O. Box 325, #64 Regent Street, Belize City, Belize