Portofino Resort- Now with a new BEACH BAR!!
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#209826 - 08/05/03 04:28 PM retirement pakage
Mark Porter Offline
Does Belize still offer the retirement deal, or has the quota been filled? Thinking of coming down next year about october.

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#209827 - 08/05/03 05:38 PM Re: retirement pakage
mayatravel Offline
_________________________
Maya Travel Services

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#209828 - 08/05/03 06:54 PM Re: retirement pakage
Brianac Offline
I have no problem with them having gauranteed income requirements. But having to deposit $24,000/year in a BZ bank is kinda high.

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#209829 - 08/05/03 08:14 PM Re: retirement pakage
Pedro1 Offline
No it is not-consider this
costs: Rent 1500bzd
per mo.Utilities 500bzd
food 1000bzd
Entertainment 3000bzd

Total cost with no travel is 6000bzd per month,and this is realistic.

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#209830 - 08/05/03 08:24 PM Re: retirement pakage
Brianac Offline
Three times the amount spent on entertainment than food? Perhaps we live different lifestyles. Except, wait a minute, is Belikin food or entertainment? laugh

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#209831 - 08/05/03 08:29 PM Re: retirement pakage
Brianac Offline
If I may borrow from the wonderful, informative and funny "Belizenorth.com" website:

http://www.belizenorth.com/our_budget_vs.htm

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#209832 - 08/05/03 09:20 PM Re: retirement pakage
Pedro1 Offline
You have got to be kidding- that is only 50 beers a monthand what do they eat at 30 dollars per week

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#209833 - 08/05/03 09:58 PM Re: retirement pakage
Mark Porter Offline
well, that budget is probably a little on the tight side as far as food and some other things go. I do drink beer but I can live on a budget also. My income should also actually increase once I get there because I will be representing a company in Belize, but my retirement income is only $1300/month from the Army. Probably have to just pay the visa fee's to start.

Does a running business offer the same type of benefits like being able to import your household goods?

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#209834 - 08/05/03 10:08 PM Re: retirement pakage
Mark Porter Offline
You guys use butane for cooking? Any other natural gases in Belize? I ask because we have a process that turns raw sewage and contaminated oils into a form of hydrogen. Clean up the environment and get gas almost free.

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#209835 - 08/05/03 10:10 PM Re: retirement pakage
Pedro1 Offline
To have a business means you do not fall into the retirement category-no retirees are allowed to have an income that is derived from business in Belize (except a Bz savings acct. but no-one is silly enough to change a large amount of U.S. into Bzd-that really would be crackers.).
1300usd per month is honestly not enough esp. on the islands-however it is a good start -the trick is to find a business to start or buy that can double that income(in a short period of time)
Yiou will have to form a company in belize which will allow you to apply for a work permit (cost 1500BZD)-once you have that you do not need any visas-after one year you may apply for residency which costs 1500bzd and you will have to apply for a further 6 month work permit whilst your residency goes through at a pro rata cost (750bzd).
we use butane although I believe someone is trying to start up an alternative gas supply.

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