BUYING / SELLING Tips

OFTEN ASKED QUESTIONS - BUYERS

Q: Who can own property in Belize?
It is legal for a foreigner to own property in Belize and property transfers are handled similar to North American and Brittish systems.

Q: How do I know my title is good
The best way to protect your title in Belize is to have a title search. If there is a registered lien against the property, it will be found in a title search.

Q: How can I protect my title?
You can protect your title by having a title search, Absolutely. 

Q: How much does a title search cost?
US $150 and up. That's basic. If the property has not been transferred in many years the search will take longer and cost more.

Q: What is Stamp Duty?
This Govt assesses a 5% tax on property transfers with a BZ $20,000
reduction of evaluation.

Q:  What about a Conveyance?
Currently, property transferred in a non-registered area is transferred by Conveyance.

Q:  What about taxes in general?
By central American standards, property taxes are a bit higher then their southern neighbors but still quite low compared to North American and Caribbean countries.

Belize does not report income information to other countries. So it is your responsibility to report as required by your country of domicile.

The following links have related information
if you are thinking about owning land and living in Belize.

- Related Links -

Purchasing Property - Land Values - Deed Restrictions - Buying on Credit - Making an Offer - Building Construction Methods - Relocating - Work & Residency - Retiring in Belize.