Top commercial real estate experts in Belize right now: Favorable Taxation: Belize has no capital gains tax, low corporate tax, and very low property tax making it a favorable investment destination. Belize also does not have any inheritance tax when passing property to loved ones. Belize is one of the top emerging destinations in the Caribbean & Central America Region. RE/MAX Belize is one of the leading Belize real estate experts. With over 100 agents and offices country-wide. If you are looking to own or invest in Belize Real Estate trust the team at RE/MAX Belize. Nobody in the world sells more real estate than RE/MAX! Read additional details on Ambergris Caye Real Estate.
You also want the Closing Company to look over the proposed purchase agreement, making sure the information is correct and ensuring it’s in full compliance with the local and governing laws of Belize. A Closing Company is particularly important if you are choosing to finance a property with the seller because a payment processing company is often needed. It is also common in Belize for a closing company to use an Escrow Agent and/or Escrow Account. This helps to protect the buyer and the seller during the real estate transaction. Since most real estate transactions in Belize are done in USD it is common for the Escrow Account to be in the US and with a US Bank account.
Belize allows for full foreign ownership and freehold property ownership. Property purchasers can take title to freehold property in Belize in three different ways. They are: Deed of Conveyance; Transfer of Certificate; Land Certificate. Owning land or Belize real estate with a fee-simple title is the strongest form of property ownership. A Fee-Simple Title and Freehold Ownership is the highest possible form of property and land ownership. It means that you own the property outright.
Snuggled on the end of a 26-kilometer sandy peninsula, Placencia is a popular fishing village and beach resort. Travelers come here to bask on the beautiful white-sand beaches, eat fresh seafood at the excellent restaurants, fish, kayak the lagoon, and dive and snorkel in the Silk Cayes Marine Reserve. In the village, brightly-colored clapboard houses raised on stilts line the narrow concrete path where fishermen used to transport fish in wheelbarrows. Near Placencia, Laughing Bird Caye National Park is a UNESCO World Heritage Site with hiking trails and coral reefs. Swimming, snorkeling, sea kayaking, and diving are popular activities here. The traditional Garifuna village of Seine Bight is also located on the Placencia Peninsula and offers a glimpse into the unique culture of these fascinating people of Amerindian and African heritage. From Placencia, nature lovers can organize a cruise through the mangroves on the Monkey River to see birds, howler monkeys, and crocodiles.
Belize attractions and climate makes buying a property here a tempting project. Imagine living permanently there… the joy. One of our most common questions is ‘Why Buy Real Estate in Belize?‘ and ‘Why Should I Visit Belize Over Other Topical Destinations?’, once you visit the country you will see why thousands are flocking to the tropical paradise and the island of Ambergris Caye. Buying a second home in Belize is viable investment idea as well as a sensible tax reduction step. You are exempt from capital gains tax if you have lived in the home for 2 years before selling. If you take out a mortgage in Belize, you can deduct mortgage interest and property taxes from your tax liabilities. There are a number of great Belize properties available throughout the tropical country of Belize, many of which are perfect vacation properties. If you are looking to buy or invest in Belize real estate contact Will Mitchell at Belize Secret Beach.
Visitors and travelers to Belize from the US & Canada will learn how easy travel to Belize really is. Canadian & American travelers must possess a passport valid for a period of a minimum of 30 days if the person is not traveling in transit to a third country that requires six months validity. This is attractive to many tourists as North Americans visiting Belize are only required to have a passport for 30-day validity. In addition to a valid passport, tourists visiting Belize must have a return ticket with sufficient funds to cover their stay. When arriving in Belize, visitors are given a one-month stay, after which an extension can be applied for with the Immigration Department. Most of the top destinations and municipalities have a local immigration office that can renew tourist visa. For example in San Pedro & Ambergris Caye, the office is right across from the Tropic Air terminal.
Buying Belize Real Estate is very easy and the process is much like in North America (USA & Canada). Belize is one of the few countries in Central America & the Caribbean where foreigners enjoy the same property ownership right as nationals in land ownership and tenure. When a foreigner buys property in Belize, they own it outright with a fee-simple land title. The preferred practice of owning Belize real estate is through a fee-simple title which is clear title freehold ownership.
Since first coming to Belize in 2015, Dustin has watched the country grow substantially over a short period of time. Being part of that growth and having an impact on the community has been one of the true joys of working in Belize. Dustin & Will have won numerous personal and team awards with RE/MAX and within Belize. Dustin’s in-depth market knowledge has propelled his real estate career in Belize. Working with hundreds of clients from around the world with buying property in Belize and securing off-shore investments. Find extra information at remaxbelizerealestate.com.
