Since we are several years away from retirement, we will need to earn a bit of money to stay in Belize. Should we decide to stay (we've been here 4 months so far and are quite comfortable) we will likely buy an acre or two of land, build a modest home for ourselves and a rental cabana or two for tourists.
I was recently told that a QRP person can own and operate such a business. Is this true? If not, would it make more sense for one of us to get a work permit and the other to go the QRP route to save some money?
Owning a Business
CAtoBZ
05 April 2017 00:16:11
53
Monkey Town brew
05 April 2017 02:49:11
294
Under QRP, you can own a business but not run it. With a work permit or permanent residency, you can own and run the business. The other option is to work online out of country. If you work remotely, not doing business in Belize, you are not subject to work permit regulations.
Subscribe to this topic
Articles to help you in your expat project in Belize
Finding work in Belize
It may be harder to find work in Belize than you imagine. With high unemployment and a low minimum wage, job ...
Getting a work permit in Belize
You must have a work permit in order to work or operate a business in Belize unless you are a permanent resident ...
Setting up a business in Belize
Setting up a physical business or an offshore company in Belize offers many advantages, particularly in terms of ...
Using phones in Belize
Belize has a national telecommunications company, Belize Telemedia, Limited, and several mobile phone companies ...
Connecting to the internet in Belize
Belize enjoys decent internet coverage. Unfortunately it is slow and expensive. The country has many internet ...
How to drive in Belize
In Belize, you can drive with an international driver's license, and you can often drive with a license from ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"