Everything to Know About Belize’s Qualified Retired Persons (QRP)

Belize has one of the world’s best retiree programs. Through the Qualified Retired Persons (QRP) Program, the government gives qualified retirees an exemption from taxes on all income derived from sources outside Belize, whether such income is earned or passive, and whether or not it is remitted to Belize. The Qualified Retirement Program (QRP) was created to facilitate eligible persons who have met the income requirements, to permanently live, retire and relax in Belize.
Who Qualifies for Belize’s QRP Program?

You don’t have to be retired — or even of retirement age — to take advantage of Belize’s QRP program. However, you must be at least 45 years old, and be able to show that you have adequate resources to deposit a monthly income of $2,000 or more per month, and comply with several other minor requirements. To keep your QRP status you must spend a minimum of 30 consecutive days per year in Belize. Additionally, the regulations state that you must show a pension or other regular income. In reality, if you can demonstrate that you have adequate savings to transfers USD $24,000 per year, the Belize Tourism Board (BTB) accepts accordingly, since many expats do not have pensions but do have IRAs/401Ks. Alternatively, you can also make a single USD $24,000 deposit a year or make it in monthly installments.