Posted by Amelia Whitehart on February 17, 2023 in Real Estate
Residential real estate opportunities today in Belize with RE/MAX: Full Foreign Ownership: Belize practices British Common Law and allows for full-foreign ownership. Belize also has a fee-simple title. In Belize, forigners have the same ownership rights as locals. There are a variety of real estate opportunities and investment properties in Belize. If you’re considering making a real estate investment or buying a property in the booming Caribbean market of Belize, the team at RE/MAX is here to help. Learn how you can own and invest in Belize real estate and find your perfect property in paradise! Discover more information on Belize real estate.
If a property is held in a corporate entity like an IBC all the shares will be transferred to the purchaser. IBC property ownership means there is no stamp/transfer tax and the transfer of ownership is much faster. To learn more about the closing process for land and properties held in an IBC vs not in an IBC contact us at RE/MAX Belize. In Belize, you own a property outright with a fee-simple title. Foreigners have the same ownership rights as locals. If you are interested in Belize property and/or buying Belize real estate, contact us at RE/MAX Belize! We are here to help with your Belize real estate search. We can help find your dream home in paradise or investment property in Belize!
Property taxes in Belize are paid annually in April and are to be paid each year. Property taxes in Belize for land and real estate are assessed and determined by the Department of Natural Resources. Belize is a low-tax jurisdiction and the property taxes in Belize are some of the lowest of any of the Commonwealth countries. Property taxes in Belize are almost unbelievably low for most off-shore owners and investors. When buying a property in Belize Belizeans pay 5% of the purchase price in Stamp Duty or Transfer Tax to the Government of Belize. Foreigners and non-nationals pay an 8% Stamp Duty or Transfer Tax to the Government of Belize when buying real estate or property in Belize. This is why so many foreign owners and investors purchase Belize real estate in an IBC. When you buy real estate in Belize that is in an IBC there is no stamp or transfer tax. Learn more about owning Belize property in an IBC.
A paradise for divers and anglers, Turneffe Islands Atoll encompasses more than 200 coral islands surrounding a lagoon. It is one of three atoll reefs in Belize’s waters. Seascapes here range from crystalline flats to creeks and lagoons. Corals shimmer in the clear waters, and the atoll is a nursery for many different marine species including grouper, snapper, trunkfish, and the famed bonefish, which lures saltwater fly fishing enthusiasts from around the world. In particular, the vast flats on the eastern side of the atoll are ideal for casting a fly line or snorkeling in the shallows. Divers will find some excellent wall and current dives around the atoll, and the varied marine life includes eagle rays, nurse sharks, dolphins, conch, and turtles. Most of the resorts in the atoll are specialized diving and fishing lodges, however visitors can pop over for a day trip from Belize City, Ambergris Caye, and Caye Caulker.
Belize attractions and climate makes purchasing a property here a sweet project. Imagine living permanently there… the joy. As Ambergris Caye, San Pedro and Belize continue to grow at an unprecedented rate, as so the opportunities for Real Estate investment does as well. Within Belize, Secret Beach has become one of the top emerging locations for locals and tourists. Secret Beach features pristine Caribbean ocean, no sea grass, sunset views, private inlets and so much more as the area continues to develop… it really can’t be beaten.
Do I Require a Passport to Travel to Belize? If you are visiting Belize as a tourist, you must have a valid passport and the passport must be valid for more than 6 months. This makes it very easy for people planning on relocating to Belize as they have no restrictions when it comes to the length of stay and duration. You can continue to renew your Belize tourist visa every month or have a new stamp every time you leave Belize and travel back.
Before buying in Belize, make sure you know the area that is best suited for you, your lifestyle, and your investment goals. Check out the different areas and districts in Belize; Ambergris Caye, San Pedro, Caye Caulker, Cayo, Placencia, etc. Belize has a robust landscape from the island beaches of Ambergris Caye to the jungle mountains of San Ignacio. When searching for Belize property, decide what is most important to you; the beach, mountains, inland, river, etc.
Since first coming to Belize in 2015, Dustin has watched the country grow substantially over a short period of time. Being part of that growth and having an impact on the community has been one of the true joys of working in Belize. Dustin & Will have won numerous personal and team awards with RE/MAX and within Belize. Dustin’s in-depth market knowledge has propelled his real estate career in Belize. Working with hundreds of clients from around the world with buying property in Belize and securing off-shore investments. Discover additional details at https://remaxbelizerealestate.com/.