Investing for Survival
The
tax haven offered by Belize
by Robert Bauman
Offshore, kayakers paddle among sandy, palm-dotted islets. Snorkelers
explore the second-largest coral reef in the world.A kaleidoscope of tropical fish, dolphins, turtles and manatees all share this
In Belize, more than 40% of the country is protected as national parks, wildlife sanctuaries and marine reserves. But this lush ecological paradise is not just a haven for wildlife.
The only English-speaking nation in
These laws allow asset-protection trusts, maritime registration and encourage international business and banking.
There are no local income taxes, either personal or corporate, and no currency exchange controls.
It’s a place where you can arrange your affairs so you gain residency—but pay no taxes locally.
I’ve been to
Designed to attract foreigners as residents,
The QRP offers significant tax incentives to those who become permanent residents of
When you qualify, you’re exempted from all taxes on income from sources outside
QRPs pay no import duties on personal effects, household goods or on a motor vehicle or other transport, such as an airplane or boat.
You must be 45 years of age or older to qualify and be able to prove personal financial ability to support yourself and any dependents. The minimum financial requirements include an annual income of at least $24,000 from a pension, annuity or other sources outside
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