Re: Might sell everything and move...
#56608
09/05/02 01:18 PM
09/05/02 01:18 PM
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Joined: Sep 2000
Posts: 713 Fremont, CA, USA
susangg
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Anyone who comes to Belize and particularly Ambergris Caye with the idea that they will earn enough money IN Belize to be able to afford to live there is very likely to be disappointed. As for "selling everything" unless the "everything" is something you don't want and plan to sell anyway, its not a wise move. Even less wise if you plan to bring all the proceeds with you. If you want to live in Belize you need to be prepared to support yourself there (at whatever level of "luxury" you have selected for yourself after having done the research to determine what that is) with funds derived elsewhere. It is the rare expat who has been able to develop an income within Belize to live on, and those who have done this paid their dues for many years in the red (ask any of the expat hotel owners about their experiences.) If you do intend to attempt a business scratch startup, you had best do a market analysis to determine the demand and also research the likelihood of obtaining a residency and work permit and a business license for same. (And if you plan on buying an existing business, better read the books carefully and make sure there are not two sets of books...) A permit is is not easy to obtain if your proposed business is anything related to retail or services, since these are things that Belizeans can also do. Be aware that if you are given a business permit and a local person decides that you are competing with his business, you may find your permit revoked suddenly with no legal recourse. If you have the money to invest in rental property that is probably your best bet at developing a business that may eventually result in the ability to sustain yourself but expect several years of running in the red before that happens, unless of course you are able to purchase one of the more successful tourism concerns that are currently for sale (with cash, of course; and of course most of them are grossly overpriced.) I assume that you have read "Adapter Kit Belize" (Lan Sluder's book that is a must-read for anyone who is considering living or investing in Belize.) If you haven't, better get it first. The bottom line is that Belize is a delightful place to live, if you have funds coming from elsewhere with which to do it.
Susan Guberman-Garcia, Attorney at Law. Phone: 510-792-2639 Fax/Voicemail:: 510-405-2016 Email: [email protected].com
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Re: Might sell everything and move...
#56613
09/06/02 06:09 PM
09/06/02 06:09 PM
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Joined: Jun 2000
Posts: 1,157 San Pedro and Caye Caulker, Be...
silkpainter
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Rick/Cheri are dead on about the permit for vehicles situation. BUT, everyone always needs a good mechanic or computer guy. Much lower overhead and you can work as little/much as you want. A permit for this would be to get your residency or a business owner's work permit, business name registration in Belize City (25 bz.), a taxpayer's I.D. number (done easily by registering with the tax office) and a San Pedro Town Council trade license (fee is obscure and based on your rent). That's all that I know of. Anybody on the board correct me if I'm wrong. And, if they give you a hard time, come on over to Caye Caulker. The 5 computers on this island are always breaking down and like I said before, a good mechanic is hard to come by. But, don't expect to be able to set up a scooter rental business on Caye Caulker, they have even tighter restrictions on bringing vehicles to the island, it could take you 2 years to get even one permit. --Silk www.caribbean-colors.com
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Re: Might sell everything and move...
#56615
09/07/02 11:55 AM
09/07/02 11:55 AM
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Joined: Apr 2001
Posts: 1,080 Eugene, OR, USA
KC
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Ahhhhh... Sanibel. My second most favorite place in the world.
:-)
"You're braver than you believe, and stronger than you seem, and smarter than you think."
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