Belize Is Blooming

For the U.S. and most of the world, the markets have been nothing short of turbulent and volatile in the past couple of years. Due to a variety of factors including war, pandemic, inflation, threat of recession, etc., the markets have seen extreme ups and downs, leaving investors jittery.

​​Market volatility has only worsened as it has become more sensitive to external factors that have little to do with underlying economic developments. A regrettable tweet from someone can even send the markets into a tailspin.

The reality is, no one knows what will trigger the next market downturn. Whether it’s currency wars, pandemics, natural disasters, socio-political conflicts, the stock market can rise and fall with just a hint of crisis.

When investors are fearful and domestic markets respond with volatility. 

Smart investors protect themselves in a couple of ways by:

  • Investing in Alternatives.
  • Looking Offshore.

Not all markets are correlated. In fact, during the Financial Crisis, some countries were less affected than others by the global meltdown because their economies were less connected to the rest of the world. Smart investors are aware of this and that’s why they diversify their investments with offshore options.

For offshore opportunities, consider Belize, which seems to be insulated from the economic developments of the rest of the world.  

Belize is blooming…

This is supported by recent comments from Belize’s Prime Minister, John Briceño, who declared on Belize’s Independence Day:

​“In sum, then, the economy is booming. Belizeans are working. Our dollar peg is safe, and the medium-term prospects are exceptionally promising.”

​​He further supported his comments by stating that the typically pessimistic International Monetary Fund (IMF) acknowledges that Belize has and will continue to outperform economic expectations in 2023, despite ongoing issues of inflation and war impacting the rest of the world.

The statistics are there to back up Prime Minister Briceño’s statements. Most notably, the 2.8 percent unemployment rate recorded in April by the Statistical Institute is the closest Belize has ever come to full employment of the labor force. Domestic inflation is expected to decrease from 6.1 percent in 2022 to 3.7 percent in 2023, and the government has successfully reduced debt to 60 percent of GDP.

Belize’s booming economy is attracting investors across various sectors. One significant investment has been made in the energy sector with the $144 million Saudi-funded 60-megawatt solar farm. In the environmental field, the Prime Minister announced that construction of a facility by investors seeking to convert sargassum to fuel will commence next year.

The Prime Minister concluded by renewing his commitment to “a more equitable, a more prosperous, and more inclusive nation, at peace with itself and with its neighbors.”

The Prime Minister’s concluding welcoming comment is at the very heart of why sophisticated investors have recently been attracted to Belize for offshore investing. Besides the benefits of offshore investing, including diversification, hidden bargains, less market saturation, asset protection, and higher potential returns, Belize offers additional unique advantages.

English the Official Language.  

In Belize, English is the official language, making transacting convenient since real estate transactions, legal contracts, and business affairs are all handled in English.
Warm and Friendly Locals

​​The population of Belize is diverse and is composed of multiple ethnic groups who live harmoniously together.  Locals maintain respect for each other as well as towards foreigners. 

Stable Government. 

​​Belize has a stable, democratic government, with a stable and balanced economy.  Its government is based on the British parliamentary system with its legal system based on British common law.  

Appealing Residency Program.  

Belize allows foreign “Qualified Retired Persons” to make application for long-term residency in Belize and, if accepted, to live in Belize completely tax free for life. The simple process of qualifying as a Qualified Retired Person exempts retirees from the payment of all taxes and levies on all income or receipts which accrue from a source outside of Belize.  

Tourist Mecca. 

​​Tourists are flocking to Belize and it’s easy to see why.  With its diverse ecosystem, rich variety of flora and fauna, diverse topography that includes jungles and beaches, pristine beaches, clear water, scuba-diving spots including the Belize Barrier Reef and the Great Blue Hole, and Mayan ruins, Belize has no shortage of tourist attractions.

Stable Currency.  

With its currency currently pegged 2:1 to the U.S. dollar, there is presently little currency valuation risk and it is very easy to transact business in the country with many of the banks tailored to meet foreign client needs.

Conveniently Located.  

Belize is conveniently located with direct flights offered by American, Delta, United, Alaska, Sun Country, Southwest, JetBlue and Frontier Airlines  from Dallas, Miami, Atlanta, Los Angeles and even Newark.  With flight times as short as two hours, Belize is conveniently located.

Offshore investing has long been a safe haven for smart investors seeking to protect their portfolios from uncertain times and market volatility. Due to its booming economy, thriving tourism industry, stable government, and various other attractions, Belize is increasingly catching the attention of these savvy investors.

​​Perhaps it’s time for you to consider whether an offshore investment in Belize would be a sensible choice for yourself.