Ever wondered about Belize and why it’s chosen by so many? Belize is being chosen by many for vacation, business and more importantly for international banking. Before we give you the reasons why Belize is chosen so often, let me tell you a little bit more about Belize.
Belize is small country located on the North Eastern Coast of Central America. It is bordered on the North by Mexico, the west and south by Guatemala and the east by the Caribbean Sea. Belize has a population of 312,698 people. It has a diverse society, comprising of many rich cultures and languages. It’s a nation that is considered to be a part of Central America with strong ties to both the Caribbean and Latin America.
While much emphasis has been placed on tourism and the exportation of seafood particularly lobster and shrimp, the Government of Belize has placed equal emphasis on the Offshore Financial Sector. Since its Independence in 1981, Belize has introduced some progressive legislation to attract international business and investments. This has allowed Belize to become a world – class environment for the incorporation of companies thus giving you the opportunity to conduct legitimate business internationally while ensuring your security and privacy.
In today’s world, many are seeking to secure their future therefore asking more questions about Belize and considering international banking in Belize as a primary option. Belize is a country that many are drawn to not only for its well developed offshore financial sector but also for its friendly people, natural beauty and diverse culture.
Here are 7 little facts about Belize to let you in on the secret as to why it’s being chosen by so many for international banking:
1. A bridge connected to the entire world
Belize is just a two hour flight from Miami or Houston which makes it easily accessible from the United States. Belize is located in the middle of North America and South America which is referred to as Central America. It is also situated below Mexico, next to Guatemala. Belize is also bordered by the Caribbean Sea serving as an ideal base for travelling to other Caribbean countries as well as Central and South America.
2. No Language Barrier
English is the main language in Belize. Spanish, sometimes referred to as our second language, is also spoken in Belize allowing us to communicate with a wider audience.
3. Fixed Rate Currency
Belize has a stable economy. The Belize dollar does not fluctuate and it has a fixed exchange rate of US $1.00 to $2.00 Belize dollars.
4. Tax Savings Opportunities
The Belize government has placed alot of emphasis on the Offshore financial sector thus encouraging international investments by charging very low or zero taxes. An international business company pays no capital gains tax or estate tax to name a few. Individuals retiring in Belize are also exempted from paying any personal income tax under the Qualified Retirement Program.
5. Asset Protection
Belize is a country that is known for quality asset protection. Your assets can be protected by holding them under certain structures such as an International Business Company (IBC) or a trust. This can protect you against lawsuits, judgements and divorce settlements.
The Great Blue Hole
6. #1 Tourist Destination
If you ask anyone about Belize they will tell you that Belize has become one of the top tourist destinations in the world for its attractions such as wildlife, Mayan Ruins and one of the longest barrier reefs in the world. Belize is also home to the Great Blue Hole which recently topped the list of the 10 Most Amazing places on earth, by Discovery. Belize is a tropical country therefore the weather in Belize is warm all year round. The country consists of a rich and diverse culture comprising of many ethnic groups which make Belize unique.
7. Belize is the 4th Happiest country in the World
Photo Courtesy Tony Rath
Belize is one of the happiest countries in the world ranking 4th out of 151 countries analyzed by the Happy Planet Index, the leading global measure of sustainable well – being. According to Nic Marks, the creator of the Happy Planet Index, the index measures what they believe really matters which is “long and happy lives now and the potential for good lives in the future”. Belize is full of friendly, happy people that are always very welcoming. It is the nature of Belizeans to ensure that you feel at home when you’re in the country making your trip here unforgettable.Belize is a great choice for banking or travel. Once you’ve experienced Belize it will be hard for you to leave.
Now that we’ve told you about Belize we’d love for you to tell us: Have you visited Belize? If so tell us where you’ve been and what you loved most about Belize.