A Retiree’s Guide to Banking in Belize

Retirees who want to bank in an offshore destination have a number of choices, but one of the top picks time and again is Belize. From a stability standpoint, the local currency of Belize is tied to the American dollar, making it a smart option. In addition, banking fees and overhead costs are low, helping retirees to retain as much of their total holdings as possible. Since Belize is close to the United States, many retirees even choose to live there and enjoy the low property prices. Finally, there is no capital gains tax in Belize for any foreign investors or retirees.

For decades, retirees have been catching on to the advantages of banking offshore during their retirement. During this stage of life, most people are eager to protect their assets, spend as little as possible on banking maintenance and overhead fees, provide for their loved ones in the future and still manage to enjoy a relaxing way of life.

For these reasons and many more, offshore banking is a top pick. However, with so many potential destinations to choose from, you might wonder why banking in Belize is such a popular option. Find out more about the appeal of banks in Belize for retirees from around the world.

Low Cost of Living—Low Banking Fees

One of the biggest factors in selecting the right bank or the right global destination for your retirement bank accounts are the average banking fees.

These fees are the expenses you’ll have to pay for things like maintaining an account or managing a trust fund, and they can vary considerably depending on the bank location’s average cost of living.

In places like Belize, where the cost of living is still quite low, these fees are minimal and can help you protect your assets.

No Capital Gains Taxation

Turning a profit on an offshore investment is generally considered good news, but it can be frustrating to subtract from your profits when it comes to capital gains tax. In Belize, there are no capital gains taxes for foreign investors. This translates to greater profit potential on your retirement investments and a greater chance of growing rather than subtracting from your net wealth.

Proximity to the United States and Affordable Real Estate

Logistically, Belize is a fantastic location for banking during retirement. Any retirees who want to move overseas and enjoy an affordable place to live that offers warmth, beauty and a vibrant atmosphere would be hard-pressed to find anywhere better than Belize.

Since it is so close to the United States, offers a fantastic healthcare system and is still one of the cheapest places on Earth to buy beachfront property, Belize and its banks are ideal for retirees.

Government and Banking System Stability

Finally, there is no question that stability is a major motivator for retirees. Thankfully, Belize is a destination with both a stable economy tied to the United States dollar and a reliable, non-intervening government, both of which are vital to an investor’s peace of mind.

Belize is a top pick for a number of savvy retirees. Dive deeper into the appeal of retirement banking in the country of Belize.

Caye Bank

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.

Get Approved for a Loan through an International Bank

International loan options let you exercise your financial power more fluidly. A wider range of loan terms, such as different APRs and highly negotiable repayment plans, make international loans way more acceptable to investors who want to strengthen the assets in their portfolios.

International loans are used for everything from corporate construction upgrades to the development of personal retirement plots in countries like Belize. Investors who seek loans for these projects know that they’ll have an easier time accessing their money if it’s located nearby, and they also understand that international banks aren’t as likely to force them to agree to terms that don’t mesh well with their business goals.

Why the Wealthiest People Choose International Investments

Wealthy investors turn to international investments for confidentiality, for greater financial security for their loved ones, for diversification and for lower tax rates.

How to Secure Financing in Latin America

Whether financing is needed for a new business, a business expansion overseas, a personal loan or a real estate investment, many borrowers are turning to Latin America to secure the funds they need. To take out a loan in Latin America, you should start by selecting the right country followed by the right bank. Then, make sure that you meet the various financial and security requirements set by the bank, which will determine how much you can borrow. Finally, you will need to sign an agreement detailing all the terms of the loan and when it needs to be repaid.

Common Law vs. Civil Law: What you Need to Know When Going Offshore

The global legal landscape is shaped by two dominant traditions: common law and civil law. These legal systems, both deeply rooted in distinct historical and