Caribbean dreams made real in Belize: perfect blend of affordability and safety

Caribbean dreams made real in Belize: perfect blend of affordability and safety

Written by Alison Lurie, In Travel, Published On
July 18, 2023

Belize: Live Your Caribbean Dream

Many people believe that the Caribbean is a cheap place to live, and in many cases, it’s true. Some areas offer low prices and an experience similar to fancy resorts in Asia and Europe. However, safety should be considered when you choose the cheapest island to live on in the Caribbean.

Determining the safety of a specific Caribbean island isn’t easy. It depends on factors like personal needs, preferences, habits, and income. Some islands may have low living costs but lack sufficient safety measures.

So, when picking a place to live in the Caribbean, look beyond affordability. Be sure to find a balance between desired features and critical conditions. This way, even the cheapest Caribbean island can become a long-term home.

Remember, the best place to live in the Caribbean may not always be the cheapest. Comfort, safety, good infrastructure, and ideal conditions require money. While some islands cater to budget-conscious individuals, creating and maintaining a comfortable lifestyle involves financial investment.

Why choose Belize?

Belize, the only English-speaking country in Central America, is great for history lovers with its Mayan civilization heritage. It attracts many expats and digital nomads, making it easy for them to integrate into the local community.

Belize has unique qualities that make it an appealing place to live. It offers affordable living, where a monthly budget of USD 2,000 is enough for 2 people to comfortably manage their expenses. The natural beauty of the Caribbean region provides an ideal environment for nature enthusiasts seeking a deep connection with the surroundings. Traveling to the Caribbean is affordable, with flights from the USA starting as low as USD 150. For those on a budget, budget-friendly accommodations are available, such as Airbnbs and affordable hotels, with rates starting from USD 30 to 40 per night.

Buying or renting properties in the Caribbean is streamlined, presenting profitable investment opportunities with quick returns and low risks. Mind though that imported goods and food products tend to be more expensive in the Caribbean due to import costs. On the bright side, dining out in Belize at local restaurants is affordable, with prices starting from USD 19, which is a reasonable expense for everyday meals.

Belize is known for its stunning natural beauty, with breathtaking wonders like the Belize Barrier Reef and the Great Blue Hole. The country boasts pristine beaches, lush rainforests, and diverse wildlife, with endless opportunities for outdoor activities and exploration. Abundant in natural resources, Belize is a haven for ecotourism and outdoor enthusiasts. Residents enjoy a range of activities such as snorkeling, scuba diving, hiking, bird-watching, and exploring ancient Mayan ruins. This makes the country an ideal destination for nature lovers.

In addition to its never-to-be-forgotten landscapes, Belize has a strong sense of community, with warm and welcoming residents who make it easy for newcomers to connect and feel at home. The relaxed lifestyle in Belize comes with a slower pace of life, appealing to those who seek a more tranquil environment away from bustling cities.

One of the advantages of Belize is its affordable living costs compared to other Caribbean destinations. This makes the jurisdiction an attractive option for retirees or those in search of lower living expenses without compromising on quality of life.

With its unique combination of natural beauty, cultural diversity, a relaxed lifestyle, and affordability, Belize is a distinctive and appealing place to call home.

How to relocate to Belize: know your options

Belize island

The first thing you should know is that, unlike many other Caribbean jurisdictions, Belize does not have a CBI program in place, so there is currently no option to get economic citizenship in the country. An opportunity to become a Belizean citizen does exist though and it is through permanent residency.

Getting residency in Belize is a fairly simple process that involves specific steps. All applicants shall go through a background check by the Ministry of National Security.

Under the Qualified Retirement Program (QRP), the main applicant pays less than USD 1,500, and each dependent seeking QRP status pays less than USD 1,000. As for the Temporary Investor’s Residence Program, non-residents face an application fee under USD 2,000, with an additional payment after approval that varies depending on their home country. With permanent residence, you can eventually become a citizen of Belize.

Please remember that joining the Temporary Investor’s Residence Program doesn’t automatically grant permanent residency or citizenship. There are no shortcuts to becoming a citizen of Belize.

Another option is to enter Belize on a tourist visa and then apply for a work permit after living in the country for 1 year. Once you have the tourist visa and work permit, the next step is to apply for permanent residence.

After holding permanent residency for 5 years, you can become a Belizean citizen and obtain a new passport. Belize allows dual citizenship and you won’t have to give up your previous citizenship.

When seeking residency or citizenship in Belize, a crucial step to success is to consult official sources and follow the correct legal procedures. This way, you can be sure you won’t fail any of the important application procedures.

On a final note

Belize attracts people from other countries, retirees, and digital nomads because of its captivating Caribbean appeal. It provides a wonderful mix of exciting travel possibilities and opportunities for investment.

However, getting residency in any country can be complicated so be sure to make professional guidance a priority. Expert assistance will help you navigate the complexities and increase the chances of a prosperous experience in the country.

If you want to live in Belize and become a citizen, the experts at International Wealth are here to assist you. We are excited to create a personalized plan that fits your needs. Feel free to get in touch with us and schedule a free consultation. It’s important to act quickly not to miss any available opportunities, so let’s start working towards your goals without wasting any time!

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