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Things to Know When Buying Land in Belize Home Belize Land Belize Property ... Things to Know When Buying Land in Belize Posted on November 18, 2022By Dustin RennieIn Belize Land, Belize Property, Belize Real Estate Buying Land in Belize Belize is known for its amazing landscapes; from lush jungles to pristine beaches and vibrant reefs. Belize is home to some of the best diving, snorkeling, and fishing in the world. Belize is picturesque and diverse, the country of Belize has lots of beautiful characteristics that draw in tourists from around the world. Beyond the beauty, Belize is also a popular investment destination, especially for foreign investors looking to secure land in the emerging destination. One of the major draws to owning land in Belize is the incredibly low property tax rates. The taxation and ownership structure makes owning land in Belize very inexpensive with little to no costs of ownership or carrying costs. Belize has a lot to love (for investment, beauty, and lif...

Owning Property in Belize as a Foreigner Belize used to be the best-kept secret in the Caribbean & Central America. Over recent years, Belize has become increasingly popular as a tropical paradise and the ideal destination for tourism, diving, fishing, retirement, and investment. Buying a property in Belize might mean a smart investment, a dream vacation property, or the opportunity to start over as an ex-pat (retirement or transition). The big draw to owning property in Belize is the fact that foreigners can buy property freely in Belize. Every year, more and more Americans and Canadians are buying property in Belize. Foreigners are buying property in Belize for numerous benefits. This is why investors and ex-pats are starting to look at Belize real estate and doing research on owning property in Belize. With the tax incentives and desirable climate, people are asking how they can have a home or investment in paradise. The Belize government does an amazing job of incentivizing t...

Belize Secret Beach As soon as you arrive in Belize and set foot in San Pedro Town or the island of Ambergris Caye, you are going to immediately hear about “Secret Beach” and how you must check out the once-hidden gem of Ambergris Caye. Ambergris Caye is the largest island in Belize and the #1 tourist destination. When you arrive at the tropical island paradise you will likely be told by everyone (hotel staff, bartenders, taxi drivers, locals, and tourists) that Belize Secret Beach is a “must-visit” and you will soon wonder what everyone is talking about… You might first ask yourself, “can it be a secret if everyone is talking about it?” Or, “how do I get to Secret Beach?” in this post we highlight what makes Secret Beach so popular and how you get to the popular Belize beach. Many who visit Ambergris Caye have Secret Beach near the top of their list of places to visit and experience when in Belize. Who can blame them? Secret Beach is one of the most stunning and picturesque areas in...

The latest statistics for Belize tourism from the BTB (Belize Tourism Board) provide a clear indication that Belize tourism is moving fast on its path to recovery after the 2020 COVID-19 Pandemic. According to their latest number and figures, tourism in 2022 shows that Belize is nearly at pre-COVID numbers and overnight tourist arrivals to Belize totaled almost 300,000 (January to August), the largest number of overnight visitors recorded since the start of the Covid-19 pandemic in 2022. Overall, Belize’s tourism in 2022 is at 81% of peak tourism in 2018 & 2019. Which is up 281% (nearly 3x) from 2020 and up 185% (nearly double) than 2021 tourism. This shows that Belize’s tourism is at pre-COVID numbers. The Belize Tourism Board (BTB) states that it remains committed to improving Belize tourism stating that – “Together, we will aggressively and effectively promote Belize as the leading tourism destination and achieve full recovery of the industry for the benefit of both Belizeans ...

IBC Owning Belize Real Estate If you are looking at owning or investing in Belize Real Estate you likely already know the benefits of investing in off-shore markets like Belize. What you may not already know or be aware of is that setting up an International Business Company (IBC) to own your property or buying a property that is already owned in an IBC Belize provides an array of benefits and is advisable when purchasing or owning a property in Belize. One of the many functions of an IBC is the ability to own and maintain real estate in Belize is one of them. Belize is one of the best low-tax jurisdictions in the region. Belize is also one of the best countries in Central America & The Caribbean and a preferred jurisdiction for setting up an offshore company. The most common type of offshore corporation when buying real estate in Belize is an IBC. An IBC is an “International Business Company” and functions much like an LLC in the US but operates in an off-shore market or foreig...

Belize Real Estate Purchasing Process If you are looking to buy Belize real estate, your first question will likely be “what is the process to buy real estate in Belize?” This post will help answer that question and provide clarity on the subject and how the process of buying Belize real estate. Belize is British Common Law which means that a foreigner has the exact same ownership rights as a Belizean citizen. Belize is the only country in Central America that allows foreigners freehold property ownership. When you buy a property in Belize, you own the real estate outright with a fee-simple title. The big draw to owning property in Belize is the fact that foreigners can buy property freely and have the reassurance that their property asset is protected, which is why so many Americans & Canadians are buying up property in Belize. Another draw to owning property in Belize is the low taxation, especially property taxes. For example; properties at Secret Beach have $75 to $90 per yea...

Are Squatters a Concern in Belize? No. The shortest possible answer is that Belize does not recognize squatters and squatters are not a concern when it comes to owning property in Belize. The tough anti-squatting laws and the fact Belize is “pro-landlord” make it such a safe investment and desirable place to own real estate. Belize real estate is a safe and secure investment and gives foreign investors peace of mind and a high degree of capital protection. Belize has tough anti-squatting laws and does not recognize squatting rights. Unlike Costa Rica, Panama, Honduras and other Central American countries Belize is pro-landlord and has very strict anti-squatting laws. In Belize, one can only claim title to a land or easement upon proof to the Supreme Court of Belize that one has had continuous and undisturbed possession of a property for 30 years on National and Conveyed lands and for 12 years on registered lands. There are no squatter’s rights in Belize. If you show title and there ...

Types of Property Ownership in Belize One of the primary advantages to investing and owning in Belize is the ownership structure and the fact foreigners can own a property outright with a fee-simple title. Belize is one of the only countries in Central America that allows foreigners to truly own Belize real estate. A lot of condos use strata titles, timeshares, or leases. One reason we suggest investing in Belize and or buying detached homes in Belize is the fact you get full outright ownership with a fee-simple title, owning the land and structure. Shares vs Strata Title vs Fee Simple In Belize, most land opportunities and detached single-family homes allow for fee-simple titles and have a physical copy of the title from the Belize lands department. Most condos or developments in Belize are owned with co-op shares or strata titles. Strata Title enables one to pass physical title to a ‘slice of air with a building in it’ without owning the land that is below it. An example of Strat...

The Belize Barrier Reef The Belize Barrier Reef or Belize Reef is a coral reef system that extends the entire coast of Belize. The Belize reef (also known as Mesoamerican Barrier Reef System) is a 300-kilometer or 190 miles long. The Belize Reef is without a doubt the #1 tourist attraction in Belize. The Belize reef is roughly 980 ft (or 300 meters) from the East Coast of Ambergris Caye (in the northernmost area of Belize) and 40 kilometers (25 miles) from the coast of the Southern areas of Belize (Placencia & Punta Gorda). Even though the Belize Reef is mostly in Belize, it is referred to as the Mesoamerican Reef since it is continuous from the Cancun reef system on the northeastern tip of the Yucatán Peninsula and continues down towards Honduras. The Belize Barrier Reef is the second largest coral reef system in the world after the Great Barrier Reef in Australia. Even though it is the second largest reef in the world, it is the largest living reef. The Belize Barrier Reef is th...

Ambergris Caye Utilities We are often asked about Ambergris Caye utilities and how much they cost. Electricity, telephone, internet, water, and sewer utilities are all available and relatively reliable in San Pedro Town and on Ambergris Caye. On Ambergris Caye, the municipality of San Pedro (and the surrounding areas including developments that are located in and near town) have full access to utilities. For developments situated north and south of town, septic tanks or contained wastewater systems along with cisterns are typically used. Cisterns often are often used as a secondary source of water, and there is a reverse osmosis water treatment system in San Pedro Town that provides water to town residents and the developments/communities close to the municipality. The more remote resorts and developments generate their own electricity if they are not connected to the municipal electricity provided through BEL (Belize Electricity Limited) electrical lines. Most people are surprised t...

Thinking of Buying Land in Belize? The news on Belize is out. The Caribbean & Central American country of Belize has entered the world’s radar and is no longer a “secret.” Since Belize and Ambergris Caye are no longer secrets the Belize real estate market has been attracting a lot of attention from investors and people looking to relocate to a tax-friendly, English-speaking, tropical destination. Belize is full of opportunities; from residential properties that people intend to use for their own personal use (moving or retirement) to developing investment properties. When investing in Belize and buying land in Belize there’s something for everyone. If you’ve been considering purchasing property and real estate in Belize, it helps to understand and be knowledgeable about what you can and can’t do. When buying Belize Real Estate or Ambergris Caye Real Estate you ultimately want to consult and work with a real estate professional. Our team at RE/MAX Belize is here to help with y...