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Live in Belize and Have an Address in Utopia

Posted by Mike Cobb on Apr 30, 2012 6:02:21 PM
Mike Cobb

Have you ever wondered what it might be like to live in Belize? Well, if you've got your heart set on the Caribbean, Belize is quite possibly the best choice. One of the advantages it has over its neighbors is that English is the official language which makes doing business and living in Belize relatively stress-free.

Another plus is the country's progressive banking regulations. These afford its residents banking privacy which is all but unheard of elsewhere. The guarantee of religious freedom is another benefit Belize has to offer. About 80% of its residents are Christian, flowed closely by Roman Catholics and Protestants.

Although living in Belize is not the most cost-effective country in which to purchase property, one must consider the economic stability and laid-back lifestyle the tropical paradise has to offer. Although the cost of living is by no means cheap, Belize gives you more bang for your buck in comparison to other Caribbean destinations.

If You've Got the Money, Honey...

Having determined that a move to Belize will cost a nice chunk of change there are incentives offered to foreigners - especially those over the age of 45 - who seek to declare permanent residency abroad. This is something worth looking into if one is seriously considering a pulling up stakes.

The cost of living in Belize will fluctuate dramatically depending on where you choose to live. Ambergris Caye and Placencia, for example, are more expensive. Since the former is an island, everything must be imported which means added cost. Alternatively, you may decide that northern Belize near Corozal, perhaps, is the place to be. Due to its proximity to Mexico you'll enjoy the best of both worlds: shopping across the border in Mexico will save copious amounts of money, while still enjoying the benefits of living in an English-speaking country.

The Creature Comforts

You will find that the cost of food varies significantly throughout Belize, sometimes even in the same neighborhood. Finding the expats who know the ins and outs of living well on a budget is the key for newcomers in Belize. Case in point: Eating foods that are indigenous to Belize will cut your food bill by at least half.

Obviously, Belize enjoys a tropical climate, thus; decorative vegetation grows like weeds. This means property maintenance is required, and yard workers charge about $20.00 per day. However, a rock-scape would circumvent this expense. Other expenses include housekeeping, which runs about $15.00 per day. While cars are relatively inexpensive in Belize, gasoline is high. On the black market, however, a "bucket of gas" as it is called, is half the price.

Ready, or Not? Take the plunge and learn more about living in Belize.

Topics: Living In Belize

Mike Cobb

Written by Mike Cobb

In 1996, Michael K. Cobb and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras, Costa Rica, and throughout the region. With a strong focus on consumer need, Mr. Cobb accurately predicted the growing demand for high quality, residential product for North American "baby boomer" retirees in the region. He led the group into real estate development and created a holding company called ECI Development for several properties, including a resort on Ambergris Caye, Belize. Michael speaks at dozens of international conferences annually about offshore real estate finance, development, and ownership. He was a consultant to The Oxford Club, hosted a weekly radio program, contributes regularly to overseas publications, sits on the board of several international companies, gives counsel to various real estate projects throughout Central America, and serves on the Board of Directors and the President’s Advisory Group for the National Association of Realtors, NAR.