What is QRP?

niteshadow

Active member

Member since 08 November 2018

caye caulker island

niteshadow

20 May 2019 18:14:20

niteshadow

20 May 2019 18:14:20

caye caulker island

im 81 years old and planning move to belize in sept
my pension is $1745 canadian month is that enough?
what is QRP?
plan to live on caye caucker island?
plan as to apply for cook or on treasure hunting ship?
in mean time explore

karenjoe

Serial expat

Member since 26 May 2014

Stann Creek

karenjoe

21 May 2019 13:47:10

384

karenjoe

21 May 2019 13:47:10

384

Stann Creek

QRP - Qualified Retirement Program, is administered by the Belize Tourism Board, and is intended for retirees to 'invest' in Belize by depositing at least $2,000(US)/month in a Belize financial institution, in return for- the ability to import personal possessions up to $15,000(US) duty-free, as well as a vehicle, and/or a boat, and/or an airplane, as well as no Belize taxation for any income generated outside of Belize. plus you can come and go as you please. There are stipulations as well, like you can't be employed in Belize.
You can obtain permanent resident status by remaining in the country for 1 continuous year, having your visa/passport stamped every 30 days. This might be a better option for you, as you can potentially obtain a work permit after that time. You can't do QRP if you can't deposit $2,000/mo in Belize.
Hope that helps, and good luck in your travels.