Why Invest?Belize market is a highly promising and attractive one. Belize is offering powerful reasons to keep a solid investment policy in country.
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Market Report
We forecast that the property prices will rise in Belize in the next coming years.
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Economic Overview
The small, essentially private enterprise economy is based primarily on agriculture, agro-based industry, and merchandising, with tourism and construction assuming greater importance. Sugar, the chief crop, accounts for nearly half of exports, while the banana industry is the country's largest employer.
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Visa/Residency Issues
Visa not required for stay of up to 30 days. If visit exceeds 1 month, obtain a stay permit from the Immigration Authorities in Belize. Single-entry visa, valid up to 90 days, requires $50 (include $10 for shipping payable by money order or bank draft). Visa requires 1 application form and 1 passport sized photo.
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Getting to Belize
An approximate flight time to Belize City from London is 11 to 14 hours. The international airport is in Ladyville, to the northwest of Belize City. International flights to Belize are via Atlanta, Charlotte, Dallas, Houston, Miami or Los Angeles.
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Fees & Taxes
- Stamp duty is 5% Belizean, 15% foreigner (government tax).
- Sales tax - 9% on legal fees (government tax).
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Belize
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Basic Information
| Population |
291,600 |
| Languages |
Officially English; however, over half the population speak Spanish and Creole is also widely spoken. There are a number of indigenous languages, such as Garifuna, Maya and Ketchi. |
| Area |
22,965 sq. km (8,867 square miles) |
| Currency |
Belizean Dollar (BZ$) |
| Exchange Rate |
£1 = 3.83156 BZD |
| Dialing Code |
+61 |
| Emergency Services |
122 |
Belize Overview
Belize, formerly known as British Honduras, is a small nation on the eastern coast of Central America on the Caribbean Sea bordered by Mexico to the northwest and Guatemala to the west and south. The country is a parliamentary democracy and constitutional monarchy which recognizes Queen Elizabeth II as Sovereign. The name is shared by the Belize River, Belize's longest river, and Belize City, the former capital and largest city. The only English-speaking country in Central America, Belize was a British colony for more than a century and was known as British Honduras until 1973. Belize is the smallest (in terms of population) non-island sovereign state in the Americas.
Average Property PricesComing soon......
Buying Process
- Buying property in Belize is fairly easy. It normally takes 30-90 days to complete the transaction.
- The first step is to summit an offer.
- Once the seller has accepted the offer, the purchaser will then retain a local attorney.
- The balance of the monies payable for either the down payment or the full purchase price will be due for deposit to the escrow account at the time specified on the purchase offer or Agreement for Sale.
- The transfer documents will then be executed and delivered to the purchaser's attorney for review.
- The executed documents will subsequently be processed at the Lands Registry and an original title or certified copy of an Agreement for Sale will then be presented to the new owner in due course.
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