Who may purchase land in Belize?

A non-Belizean may purchase land and property in Belize. Full title is granted to non-Belizeans. Anyone wishing to purchase land consisting of a half acre within city towns or villages and in excess of 10 acres anywhere in Belize needs a permit to purchase the property. This permit is regulated by the Alien's Landholding License issued by the Department of Natural Resources.

A Speculation Tax was implemented in 2002, which is 5% of the undeveloped value of the land as set by the Department of Natural Resources, and applies to property in excess of 300 acres. This was established to provide for large tracts of land and to push developments throughout the country. This tax is paid on the 1st of April of each year.

Property tax generally consists of between 1-1.5% of the set value of the property assessed by the Department of Natural Resources and is due on the 1st of April of each year.

Property Exchange or Transfer:

When properties are sold or exchanged, the Department of Natural Resources charges a fee per transaction.

Purchase of Land by a Belizean:

Belizeans pay 5% of the Selling Consideration as a Stamp Duty or Transfer Tax to the Government of Belize. Registration and fees are very minimal (approximately $15.00BZ / $7.50 US). Lawyer's Fees for Legal Services for Conveying property is approximately 1-3% of the Selling consideration. Each individual is entitled to seek their own personal Legal Council. Approximate total closing cost for a Belizean citizen is 6-8% of the selling consideration.

Purchase of Land by a Non-Belizean: