Discover why Belize is a top choice for expats. Learn about the cost of living, climate, lifestyle, and more in this article. Find out if moving to Belize is right for you.
People move to other countries for many reasons: managing health issues, starting afresh, finding the perfect place to retire, starting a new business, or working remotely. For potential expats, a country with a list of essential qualities is key. Belize – called the Jewel of Central America – checks many of those boxes, making it a popular choice.
Here are seven factors that make moving to Belize a win-win for potential expats.
Belize is often referred to as the Jewel of Central America. In this article, @luigiwewege from @CayeIntBank looks at some reasons why 🇧🇿https://t.co/q1pXgXSFtU
— Central America Living (@VidaAmerica) June 21, 2024
1. Cost of Living in Belize
For those looking to stretch their incomes while maintaining a good standard of living, Belize is a great option. Compared to North America or the UK, the overall cost of living is lower. Most recurring expenses are affordable, although imported goods can be pricier. Local products, including housing, meals, entertainment, and transportation, are more budget-friendly.
2. Climate
Belize’s climate is a major draw, offering plenty of sunshine year-round. Even during the rainy season, sunshine often follows brief showers. Those used to harsh winters or scorching summers will find Belize’s weather pleasant. November through January is cooler, while May through September is warmer. Minimal air conditioning is needed throughout the year.
3. Healthier Lifestyle
Belize boasts an abundance of farms providing fresh fruits, vegetables, dairy, and meats. Local shops and farmers’ markets offer plenty of fresh food, allowing for healthier eating habits. The climate also encourages walking, biking, and outdoor activities like swimming and snorkeling, promoting a healthy lifestyle.
Moving to Belize this year? Here’s a guide to living legally and getting residency in Belize in 2024 🇧🇿https://t.co/3GGRBllWFx
— Central America Living (@VidaAmerica) January 23, 2024
4. Welcoming Atmosphere
Belize is known for its friendly and welcoming culture. Both locals and expats are helpful and open to newcomers. The country’s multicultural environment makes it easy to integrate and find a supportive community.
5. No Language Barrier
English is the official language in Belize, making it easy for English-speaking expats to communicate. Many Belizeans are also bilingual, speaking Spanish, and you may encounter indigenous Mayan languages and Belizean Kriol. People are happy to help you understand and learn new words.
6. Favorable Tax Situation
Belize offers a straightforward tax system with a 25% income tax rate. Expats don’t pay taxes on the first $14,500 of their annual income. Additionally, pensions and investment incomes are not taxed, simplifying financial management.
7. Relaxed Pace of Life
Belize offers a slower, more relaxed pace of life. While everything gets done, it’s without the rush often found in other countries. Businesses may close after lunch or have shorter operating hours, which can take some adjustment but ultimately leads to a more stress-free lifestyle.
Interested in Moving to Belize?
Belize attracts people from around the world. If you’re considering relocating, explore what Belize has to offer and see how it fits into your future plans. Moving to Belize could be the best decision you ever make.
Luigi Wewege is the President of Caye International Bank, headquartered on the island of Ambergris Caye, Belize. He is also the published author of The Digital Banking Revolution, now in its third edition.
