Belizean Diaspora

Many Belizeans living abroad eagerly anticipate the opportunity to return home, whether to retire, invest, or share their experiences from their host countries. The Belizean Government warmly welcomes returning Belizeans and their families and has taken steps to facilitate the re-entry process through policy-making and providing essential information.

To streamline the repatriation process, the Government enacted the Qualification Retirement Persons Act. This act outlines the following provisions and benefits:

1. Eligibility: Any Belizean aged 45 years or older, along with their dependents (spouses and children under 18, or under 23 if enrolled in university), are eligible.
2. Monthly Income: Returning Belizeans must demonstrate a consistent monthly income of at least US$2,000.
3. Dual Citizenship: The act applies to dual citizenship holders, such as those holding citizenship in both the U.S. and Belize.
4. Background Check: Successful completion of a background check is required.
5. Intention to Reside: Returning Belizeans must consider Belize as their new home.
6. Import of Personal Effects: The act allows for the import of personal belongings and an approved means of transportation without paying import duties and taxes.
7. Tax Exemptions: Returning Belizeans will be exempted from paying taxes and duties on all income and receipts generated from sources outside Belize, whether through work or investments. This exemption also extends under the Fiscal Incentives Act.

The legislation aims to anticipate and address potential challenges that returning residents might encounter, providing information to answer most questions. However, individuals are encouraged to contact the consulate for further inquiries. While efforts are being made to simplify bureaucratic processes, it's essential to note that penalties for abusing relevant laws and regulations still apply.