Sunday, February 13, 2011

Belize Qualified Retired Persons Incentive Program also known as the QRP Program

Since the inception of the Qualified Retired Persons Incentive Program also known as the QRP Program, Belize is rapidly becoming known as a prevalent retirement destination in Central America, the Caribbean and other Global Communities and was named one of the world's top ten retirement havens for 2011 by US News.
About The Program
The Retirement Program in Belize was created especially for those people who wish to live in Belize and can prove a permanent and consistent income from investment (abroad or in Belize), pension or other retirement benefits.

Who can qualify for this program?
The Retirement Program in Belize was created especially for those people who wish to live in Belize and can prove a permanent and consistent income from investment (abroad or in Belize), pension or other retirement benefits.
Our natural wealthy environment as well as our culturally diverse and hospitable people - our greatest asset - are only but a few reasons to retire in Belize.

To list even more enticing features...
• Tax Breaks
• Peaceful Nation
• English Speaking
• Good Educational System
• Sub-tropical Climate all Year Long
• Easy Access to Land for Development and Construction of Retirement Home
• Close Proximity to the US, Mexico, Central America and the Caribbean
• Strong Stable Belize Dollar
• Abundance of Natural Resources
• Breathtakingly Beautiful
• Friendly People

Qualifying Process
Anyone forty-five years and older can qualify for the program. A person who qualifies can also include his or her dependents in the program. Dependents include spouses and children under the age of eighteen. However, it can include a person up to the age of twenty-three if enrolled in a university.


1. Qualified Retired Persons
To be designated a Qualified Retired Person under the program, applicants must receive a monthly income of not less than US $2,000 through a pension or annuity that has been generated outside of Belize.
2. Certification
i) 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.
ii) The company that grants the pension shall certify that the pension of no less than US $2,000.00 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.
iii) Certification by a Certified Public Accountant independent of the company:
-Stating the date the company was established
-Verifying the authenticity of the above mentioned letter
-Certifying that the obligation signed in favor of the beneficiary is not less than US $2000.00 per month.
iv) The applicant must present two (2) bank references from the company that is sending the pension.
v) The company granting the pension must present a document outlining its pension scheme.
Requirement ii, iii, iv could 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.

Terms &Conditions
Below is a copy of the terms and conditions form. Please review.

1. All Qualified Retired Persons must adhere to the general procedures cited by the Customs Department for the clearing of all personal and household effects including 'Mode of Transportation'.
2. Qualified Retired Persons are not allowed to seek employment or work for pay while in this program or in Belize.
3. Qualified Retired Persons within this program must inform the Belize Tourism Board regarding any changes stated on the application form. Failure to do so may result in the revocation of applicant's status.
4. Qualified Retired Persons must adhere to all existing laws of Belize, in addition to the Retired Persons (Incentives) (Amendment) Act, 2001.
5. All benefits provided by this program will be exclusively used by the Qualified Retired Persons and his or her dependents.
6. The Belize Tourism Board has the authority to carry out any investigation with respect to the validity of any document provided by the applicant under this program.
7. Participants within this program must inform the Belize Tourism Board prior to leaving the country indefinitely so that the assets purchased under this program can be liquidated.
8. All documents presented to the Belize Tourism Board become the property of the Board.
9. The applicant must not have any criminal matters with the law at the time of application.
10. Applicants must present a listing with all the necessary information with regards to his or her dependents. If the applicant has a dependent over eighteen and in school, then he or she must present a proof of enrollment from that institution.
11. Qualified Retired Persons must submit a yearly bank statement showing compliance with the financial requirements of the program.
12. Qualified Retired Persons must spend an equivalent of one month in Belize annually to maintain their status as a Retiree Resident.

Acceptance of these terms and conditions must be endorsed with the signature of the applicant in the presence of a witness.

Application Process
Each application for the Retirement Program will be processed by the Belize Tourism Board and forwarded to the Department of Immigration and Nationality. Persons interested in the program must submit completed applications to the Belize Tourism Board with the following supporting documentation:

Birth Certificate:
A copy of a certificate for the applicant and each dependant

Marriage Certificate:
(if married and spouse is a dependant)

Authentic Police Record:
An authentic police record from the applicants last place of residency issued within one month prior to this application

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.

Proof of Income:
(a.) An official statement from a 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 $ 2 000) per month.

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.

Four front and four-side passport size photographs that have been taken recently of applicant and dependents.

The Application


Please read all the instructions carefully before completing the form.
All particulars must be fully stated in block letters.
Incorrect or incomplete statements may result in delay or refusal of the application. If any error is discovered after status has been granted the applicant status may be revoked.
Applicants may use the services of a local attorney or accountant when processing the application.

For more informatioon you can take a look at the Retirement Section of Belize Tourism Board website.

If you are looking to Retire in Caribbean you can choose to Retire in Belize.
For a list of Retirement Homes in Belize make sure to contact:
Platinum International Real Estate
Phone: +501-664-1630

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