The Belize Dollar (BZ$) is directly pegged to the currency of the United States…
The Belize Dollar (BZ$) is directly pegged to the currency of the United States. Thus, the monetary value is maintained and there is no risk of hyperinflation as in many tropical destinations.
For 1 US$ you get 2 BZ$. You can pay with US$ everywhere and get BZ$ back. Of course you can also pay with credit card or withdraw cash from the ATM.
Since the history of Belize is very closely connected with England, “British Law” applies here. The legal security is very high and makes the country an interesting destination for people who want to emigrate to a vacation destination. There is an exciting program for “retirees over 45” which is called QRP. The conditions are always slightly adapted to the current needs, but are always extremely attractive.
You can also open a bank account – of course the money must be legally acquired. Here Belize is now rightly very strict.
A big advantage is the tax exemption for money earned abroad. You can live remotely in Belize as a “digital nomad” and pay no taxes in Belize. You are doing a kind of “development aid” because you spend your money in the country and create jobs and income for the people in Belize.
For specific questions about finances, it is advisable to consult a specialized, reputable law firm before making any decisions.
A former police chief who lives in Sarteneja himself says: “Sarteneja is a very safe place….
…We take care of each other, people believe in God and are very honest, helpful and friendly. I would never want to live in any other place than this peaceful paradise…”
Most of us live in a protected environment. Our small world consists of our apartment, car or public transportation, and workplace. To leave this familiar environment is often not so easy and we are afraid. But there is no reason for that in Belize. Of course, it is not a good idea to show off your jewelry, money and expensive cell phone. Try to be modest and respectful and stay at home in the evening or in your familiar surroundings. I always felt safe and was treated friendly everywhere.
Communication is easy everywhere in English and makes life as a tourist easy. For little money you can get a SIM card for your cell phone and stay in touch.
Jungle adventures or sea excursions are much more fun with experienced guides who will be happy to show you the best places. You save time, avoid unpleasant mistakes and allow someone to earn a living.