Previous Thread
Next Thread
Print Thread
#278898 05/01/08 03:31 PM
Joined: Mar 2008
Posts: 54
Harvey Offline OP
OP Offline
I am in the process of purchhasing a property in Belize and am receiving conflicting information. I hope somebody there can clarify what is happening for me. Appreently there are Foreign Exchange Regulations of 1976 that require the Central Bank to give approval of sale to a non-resident. Now, I am informed that there was a problem with the administration with titles issued by the Government for the period 2003 - February 2008 and my title might not be approved as it was issued by the Government in 2006. Can anybydy, anybody at all, explain what is happening to me? Your assistance would be gratefully appreciated.

Harvey Wood
Harvey #278901 05/01/08 03:48 PM
Joined: May 2000
Posts: 7,051
Why don't you wait and see if your purchase and title transfer is rejected before you get too worried. All legitimate land transactions are being honoured.

There are some central bank approvals for non-Belizeans to own shares in Belizean companies, and there are also foreign exchange permits that all non-Belize dollar transactions are subject to - but this is standard procedure and should not cause any alarm (unless you have obtained your funds illegally or are classed as being a member of a world recognized terrorist organization.)

Most government land sales transactions from 2003 - 2008 will not experience any delays or problems, there are just some discrepancies that need to be cleared up in regards to some large tracts of land, small island sales and incomplete survey work in some subdivisions.

Do you have an attorney handling your transaction? If you are worried that it isn't going smoothly it would be wise to contact and retain a lawyer in Belize.

Amanda Syme #279237 05/04/08 03:55 AM
Joined: Apr 2008
Posts: 50
Hi We just brought property north of San Pedro didn't use a real estate agent, used a paralegal, the deal just took 4 weeks we move in on tues, I'm from England and my husbands an American, it happened with no hassels what so ever, if you like we can but you in touch with this paralegal, if you wish.
Good luck

Iguana house 4.5 miles North
smiles #279258 05/04/08 10:18 AM
Joined: May 2000
Posts: 7,051
If your property is in the new registration system or is corporate shares and the filings and property taxes etc are up-to-date you can actually close in as little a week.

But that's not what Harvey was talking about - he is buying land that was previously owned by the Government.

Link Copied to Clipboard
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
Who's Online Now
0 members (), 124 guests, and 0 robots.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online7,413
Nov 7th, 2021 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.5