Retiring in Belize

Qualifications for the Retirement Programme

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.

[pdf issuu_pdf_id=”111011203254-da0b0cc777a843d38cddddd34f6e5b40″ layout=”1″ width=”640″ height=”480″ bgcolor=”FFFFFF” allow_full_screen_=”1″ autoflip=”1″ flip_timelaps=”6000″ ]

If you would like to save a copy of this document, right click the DOWNLOAD link and press “Save Target As” or “Save Link As”.

INCOME FROM PENSION OR OTHER SOURCE

  1. Qualified Retired PersonsTo 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
    1. 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.
    2. 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.
    3. 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.
    4. The applicant must present two (2) bank references from the company that is sending the pension.
    5. 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 CheckAll applications are subject to a background check to be carried out by the Ministry of National Security.
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Comments are closed.