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Doing Business in Belize – A Step-by-Step Guide

Belize is a small country located in Central America with just over 360,000 people. It’s been an independent nation since 1981 and has a strong English-speaking culture. The country offers many incentives to businesses, including no income taxes, no import duties, and easy foreign investment procedures. Belize also has several free trade zones that provide even more benefits to businesses. If you’re looking for an offshore location to do business, Belize should be on your list.

Are you looking for an immigration service in the Caribbean? Get in touch with Bright Path Caribbean.

Belize offers a unique and favorable environment for businesses, with a stable government, an educated population, and a pro-business atmosphere. English is the official language, and the Belizean dollar is pegged to the U.S. dollar, making it easy to do business in Belize. With its many Ports of Entry (POE), Belize also offers logistical advantages for firms engaged in regional trade. This guide provides an overview of the steps needed to start a business in Belize, from company registration to obtaining licenses:

1.     The process of setting up a business in Belize

If you are thinking of starting a business in Belize, there are a few things you need to do to get started. The first step is to choose a business structure. You can choose to set up a company, partnership, or sole proprietorship.

The second step is to register your business with the Belizean government. This can be done online, and you will need to provide some basic information about your company.

The final step is to get your business licensed and registered with the appropriate authorities. This will vary depending on the type of business you are setting up but may include obtaining a tax identification number, getting a business license, and registering with the police.

The exact process for starting a business in Belize will depend on the type of business you are setting up. However, most companies will require some combination of the above steps. For more information about each step, read below:

1.     The types of businesses that can be set up in Belize

Belize offers a wide range of opportunities for business setup. You can choose from a wide range of activities, including but not limited to:

  • import and export
  • tourism and hospitality
  • agriculture
  • fishing and seafood
  • manufacturing
  • information and communication technology
  • professional services

2.     What do you need to do to start doing business in Belize

You need to do a few things to start a business in Belize. The first step is to establish a presence in the country. This can be done by registering a company or forming a partnership with an existing business. You will also need to obtain a business license and tax identification number.

Once you have established a presence in Belize, you will need to begin marketing your products or services. There are several ways to do this, including advertising in local newspapers and magazines, or setting up a website and using online marketing techniques

3.     Licensing and permits required to do business in Belize

When starting a business in Belize, a few licenses and permits are needed. The most important is the business license and the tax identification number.

To obtain a business license, you will need to provide the company name, the type of business, and the address of the business. The business license costs BZD 125 (around USD 63) and is valid for one year.

The tax identification number is also known as the GST number. This is a unique 11-digit number used to track all business transactions in Belize. It costs $50 BZ D (around USD 25) and is valid for one year.

To obtain a tax identification number, you will need to provide the company name, the type of business, and the address of the business. You will also need to provide a copy of your passport or driver’s license.

An illustration of a retirement consultant in the Caribbean.

There are a lot of things to consider when doing business in Belize. In this blog post, we’ve summarized the most important steps so you can get started quickly and efficiently. But if you need any additional help, our team of experts is here to assist you. Our team of experienced professionals can help you with every step of the way, from business incorporation to immigration services and setting up a bank account. Contact us today to get started!

 

Why Should You Get Citizenship for St. Kitts and Nevis?

The twin-island nation of St Kitts and Nevis offers a host of benefits to those seeking citizenship, including easy travel access to more than 132 countries, no taxes on personal income or capital gains, and full protection under the law. The country also has a solid infrastructure with excellent healthcare and education systems. With all these perks in mind, it’s no wonder that you would love to get citizenship for the country.

If you’re looking for Caribbean immigration consultants, get in touch with Bright Path Caribbean.

There are many reasons you may want to get citizenship for St. Kitts and Nevis. Perhaps you want a second passport to travel more easily, or maybe you’re interested in the benefits of having a Caribbean passport, such as the ability to work and live in any of the countries in the region. There are also investment options available for those who want to become citizens. Whatever your reasons, here are some key things to know about citizenship for St. Kitts and Nevis.

1.     You get to enjoy the beauty of two islands

There are many reasons you should get citizenship for St. Kitts and Nevis. One of the best reasons is that you get to enjoy the beauty of the two islands. St. Kitts is lush and green, with rolling hills and spectacular views. Nevis is smaller but equally beautiful, with a dramatic volcano peak and stunning beaches.

The islands are well known for their natural beauty, enhanced by the many different cultures represented there. From the dark volcanic sand of Nevis to the white-sand beaches of St. Kitts, you will be able to find a place that suits your taste.

Both islands are also home to rainforests filled with different species of animals and plants. If you are interested in hiking, you will love the many trails available on both islands.

2.     You can own property in St. Kitts and Nevis

Both St. Kitts and Nevis offer citizenship by investment programs that allow you to become a citizen of their country in exchange for an investment in their economy. This opens up a world of possibilities for you, including the ability to own property in either country.

In St. Kitts, you can purchase several different types of properties. You can buy a condo on the beach, a villa in the hills, or a plantation estate. Nevis is a little more exclusive, with only a few properties available. These include beachfront villas and luxury estates.

3.     The cost of living is very low

The cost of living in the Caribbean is very low. This is because the country has a very strong economy based on tourism, agriculture, and light manufacturing. Several government-subsidized programs help to keep the cost of living low.

Some of the most popular inexpensive items in St. Kitts and Nevis include food, transportation, housing, and utilities. The government has also taken several measures to make it easier for people to afford necessities such as healthcare and education.

Two immigration service consultants.

There are many reasons why you should get citizenship for St. Kitts and Nevis. Some of the most compelling reasons include the excellent quality of life, the great weather, the unrestricted access to education and healthcare, and the many investments and retirement opportunities. If you’re interested in learning more about St. Kitts and Nevis citizenship, please contact us today. We would be happy to answer any of your questions about moving to Sint Maarten, retiring in the Caribbean, or immigrating to the Caribbean and help you get started on the path to citizenship.

 

Disclaimer:  Our articles are not intended as (legal) advice and do not take your personal circumstances into consideration. BrightPath does not accept any liability for damages resulting from using the provided information. We highly recommend you seek personalized advice from us or before you act or fail to act because of the content of our articles. BrightPath is a privately-owned consulting firm that assists clients with filing applications for residence permits and/or business licenses at the relevant government departments. None of our directors, employees or agents hold or have held any position with the government of Sint Maarten and our service does not provide for any preferential treatment with regards to any application. All information provided and statements made only serve to provide you with a general understanding of immigration, residence, and business incorporation procedures on Sint Maarten.

St. Maarten Residency by Investment – 5 Things you must know before you make the move

Despite the horrific hurricane in 2017 and the ongoing pandemic that has had a socio-economic impact on a global scale, St Maarten remains an attractive destination for investors and tourists alike.  If you are considering leaving everything behind and immigrating to St. Maarten’s, here are five valuable tips to consider before making the move.

 

Rent or Buy a Property?

Relocating will inevitably involve a property transaction.  Our affiliate Bright Future Realty can offer you options to suit by neighborhood, budget, and lifestyle.

For people seeking residency by investment, at BrightPath we often recommend obtaining residency first and then purchasing a property.  This often makes the transition more stable and opens up banking options more readily for most prospective buyers.  However, if you find a great deal on a property (click here for an exclusive property on discounted sale), our partners at BrightFuture Realty can support you in your real estate ventures.

 

Rely on Reputation and Experience

Advice, structure, and execution related to immigration services is a highly specialized field.  Rely on experts with verifiable experience and reputation.  At BrightPath, we can provide you with dedicated advice, as well as added services such as obtaining required documents, apostilles, and legalizations from your country of origin.  This way, your documentation is acquired in the right manner and with no added effort on your part – easy and hassle-free.

With the most experienced team in the local immigration services market, a regional network throughout the Caribbean, and relationships for document services within USA and Canada, trust BrightPath for your immigration needs.

 

Immigration consultancy

 

Retirement or Self-Employment? What Suits you Best?

Early retirement by way of immigration is possible for everyone as currently there is no age limit.  However, tax advisors will remind you that for tax purposes, the minimum age for retirement benefits is 50 years.  So, what does this mean for you?

Before making the move, define your intended lifestyle whether it’s semi or full retirement or a new business venture altogether.  We can support your immigration, business set-up, or banking services depending on what your plans are in the next stage of life.

 

Consult with your Tax Attorney

Cross-border taxes can become a costly (if not, messy) mistake to clean up if you don’t get your researched and verified facts in line before executing a plan.  We recommend a paid, tailored consultation with an independent tax attorney.

There are several knowledgeable and experienced tax professionals to choose from that will take various factors into consideration before helping you devise a plan. Some of the key factors to consider include recommended tax and corporate structure to support your current asset base and manage your tax exposure.

 

Remember to Enjoy Life!

With the right support from dedicated professionals and help from experienced immigration consultancy, you can begin a new chapter of your life in St. Maarten’s immediately. If you want to know more about starting a business or moving to St. Maarten, schedule a free Zoom consultation today with BrightPath Caribbean.

 

Do you have any questions?

Contact us today for a free consultation and let us guide you throughout the process!

 


 

 

St Maarten Work Permits: Five things you need to know before you start

Since the pandemic, the current employment market globally has been ever-changing and very dynamic. Statistics show that employers are sourcing skilled employees often remotely. At BrightPath, we offer regional solutions for immigration, corporate, and banking services that support your business, and in the case of work permits; support your Human Resources department, saving your company time and money.

Work Permits in Sint Maarten

Work permits in Sint Maarten are requested by the prospective employer and require a two-part process with the labor and immigration departments. Read this article below on five things you must know before applying for a work permit in St. Maarten.

A work permit is granted for a definite period beginning and the validity of the work permit is determined by the labor agreement and usually is not granted for a period exceeding one (1) year. In adherence with local labor and immigration policy, all (local and foreign) employers who engage in an employment agreement with a non-national in St. Maarten must apply for a work permit, except for the following:

  • Dutch citizens and United States citizens who have obtained legal residency in St Maarten
  • Persons having a residence permit for an indefinite period (commonly referred to as “permanent residency”);
  • A person married to a Dutch citizen; the latter having been registered in St Maarten;

 

1. Verifiable Documents must be Readily Available

BrightPath can support you in sourcing the right candidate BEFORE you have extended a formal offer of employment.  This is important because for work permits in St Maarten, diplomas and relevant skill certificates should be presented in their original form when applying for the employment permit. Further, the documents must be validated by the issuing educational institution and a letter from the institution confirming that the diploma is authentic must also be obtained. If presenting copies, these must be notarized by a licensed notary in the country of origin.  Oftentimes, candidates have difficulties understanding and managing these complexities when obtaining these requirements.  For this reason, many human resource specialists trust in BrightPath to guide them in the work permit and residency permit process relying on the suite of services offered by our team of experts.

2. Work Experience must be substantiated

When applying for a work permit in St. Maarten, the petition to employ a foreign national and seek a work permit in connection to the same must justify to the Department of Labor that the non-national employee possesses a skillset that cannot be found on the island.  To substantiate the request, BrightPath recommends that the applicant provide employment reference letters from previous employers.  These professional employment reference letters must be notarized in the country of origin and are provided to verify the period of previous employment and work-related experience in support of what will be the applicant’s new role and responsibilities under this proposed employment in St Maarten.

3. Stay Abroad During the Application Process

Unless the prospective employee holds Dutch or American (USA) citizenship, the applicant must await the decision for both work and residency permits while remaining abroad.  For planning purposes, aside from the time allotted to source the documentation, the process starts once all documents have been received by BrightPath.  Usually, a mandatory five-week waiting period must be observed, during which time the position must be advertised in local traditional media outlets, and a reasonable timeframe is given for suitable candidates within the local labor pool to apply.  In some instances, with a written petition prepared and submitted, our firm can obtain consideration for the waiver of this waiting period if the role is essential and it can be substantiated that no suitable candidates can be sourced from within the local labor market.  In addition to the five weeks, a maximum six-week waiting period is allocated to the adjudication process at the Labor Department.

4. Employers (not employees) are the Petitioner

The employer must request work permits. Moreover, evidence of tax compliance is a pre-requisite for all employers seeking to acquire a work permit for a foreign employee in St Maarten.  For this reason, we explicitly detail that if you are seeking employment in St. Maarten, our firm DOES NOT offer recruitment services, and our immigration services must be retained by the employer and not the employee.

5. Health Insurance is Mandatory

For application purposes, health insurance is now a pre-requisite for the work and residency permit process. Therefore, employers must verify that their foreign employees hold a valid health insurance policy.  This health insurance policy must be accepted by the Sint Maarten Medical Center.  For more information on medical insurance related to work and residency permits, rely on the team at BrightPath to provide you with accurate information.

 

FAQ’s

1. What are the essential documents required for applying for a work permit in St. Maarten, and how can BrightPath assist employers in sourcing the right candidates with validated credentials?

To apply for a work permit in St. Maarten, employers must ensure that verifiable documents such as original diplomas and skill certificates are readily available, validated by the issuing institution, and accompanied by a confirmation letter. BrightPath can support employers in sourcing candidates with validated credentials before extending formal offers of employment, ensuring compliance with work permit requirements.

2. How can applicants substantiate their work experience when applying for a work permit in St. Maarten, and why are employment reference letters crucial in this process?

Applicants seeking a work permit in St. Maarten must justify their skillset by providing employment reference letters from previous employers, notarized in the country of origin. These letters verify previous employment and work-related experience, supporting the applicant’s suitability for the proposed role. BrightPath advises applicants on the importance of substantiating their work experience to meet the Department of Labor’s requirements.

3. What is the process for obtaining work and residency permits in St. Maarten for foreign nationals, and why is it necessary for applicants to remain abroad during the application process?

Prospective employees seeking work and residency permits in St. Maarten, unless Dutch or American citizens, must await permit decisions while remaining abroad. The process begins once all required documents are received by BrightPath, including a mandatory waiting period for labor market advertising. Employers can petition for a waiver of this waiting period under certain circumstances. BrightPath outlines the process and advises applicants to remain abroad during the application process to ensure compliance and facilitate a smooth transition.

Do you have additional questions?

To learn more about how BrightPath Caribbean can support your business in successfully obtaining work and residency permits for key personnel, schedule your free consultation today.

 


Six Tips to Finding the Right Immigration Agency

Despite there being no recent statistics available, it’s estimated that owing to the political unrest and pandemic, at least nine million Americans have immigrated out of the country. A large number of these immigrants are moving to the Caribbean to enjoy retired life, start a business or merely enjoy the simplicity of life the pristine beaches offer.

To make the immigration process easier and hassle-free, Americans and Canadians largely rely on immigration consultants. However, sometimes finding a shady business disguised as an immigration agency can be a major setback. So to find a credible and reliable immigration consultant service, here are some tips to remember.

Start with Referrals

The best way to begin your search to hire an immigration consultant is by asking for referrals and recommendations from peers. This way, you can know the firsthand experience of people you trust and find an agency that has fulfilled their client’s expectations. You can also check online reviews at this stage to know the agency’s reputation.

Proceed to Credentials

Once you contact an immigration consultant, check for their credentials. Credentials include their registration number, association with local bodies, cognition at the embassy of the country you want to immigrate to, and certifications. If an immigration agency happily provides these details, you can consider them for your immigration to the Caribbean.

Ask for Experience

Ask your immigration consultant to share their experience details, their number of years in the business, the number of immigrants they have helped settle in the Caribbean, and other details. You can also ask the agency to put you in touch directly with your consultant so that you can speak to them directly.

Immigration program Caribbean

Weigh in Your Options

Some Caribbean countries offer Immigrant by Investment Program, while others offer retirement plans to immigrants. Make sure to discuss all your options and immigration plans with your consultant and see how informed and clear they’re.

Inquire About Process

The immigration process to the Caribbean countries takes somewhere around three to six months. Some Caribbean countries also require foreigners to stay in the country for a while before granting residence or citizenship. Check with your agent the requirements of the Caribbean country you’re immigrating to and understand the time frame. Ask your agent about their frequency of communication and updates during this period.

Sign a Contract

Once you’re fully satisfied and have understood the process, have your immigration agency draft a contract. This will entail information like the agency’s details, estimated time frame, and the cost of the process, including your consultant’s fee.

Find the Right Agency

An immigration consultant that fits all criteria is the one you should be hiring for your immigration services. You can also get in touch with us at BrightPath Caribbean to start the process and obtain a residency permit at the earliest.

Five Things to do for Your Retirement Plan

You require financial security during retirement more than ever before. However, studies suggest that less than half of Americans are prepared for their retirement life, and even lesser have ever spoken to retirement consultants to plan their old age.

According to estimates, one needs approximately 70 to 90 percent of their income to maintain their lifestyle during retirement. Luckily, with a low housing cost and tax exemptions, moving to the Caribbean is often considered a sensible decision for retirees.

So what do you need to do if you plan to retire and settle in the Caribbean? Well, here’s a basic guide to planning a comfortable retirement with specifics to help you find the perfect home in one of the 23 Caribbean countries.

Start Saving

Ideally, one should start saving at 45 years of age to retire after 60. However, if you have not done so already, you can opt for a 10-year retirement saving plan to save 15 percent of your gross annual income. And no matter what happens, do not touch your retirement fund at all!

Pick a Location

Depending on your current lifestyle and preferred choice of retirement life, find a location in the Caribbean that you love the most. While St. Maarten is known to have one of the lowest crime rates globally, Belize offers a 29% lower cost of living than the US. So make a pick according to your needs and preferences.

Retiring in the Caribbean

Plan for Medical Coverage

Since Medicare does not offer coverage to Americans living outside of the US, you can either opt for a medical insurance plan to obtain private healthcare services or have substantial funds to fly out to Mexico or the US for your medical needs.

Set Your Goals

Retirement goals consist of various things you can or want to do in your retirement life. You can either start a business in St. Maarten, or set up an off-shore company in Anguilla right away. Whatever you picture yourself doing when you retire, start working towards it. Moreover, some Caribbean countries like Belize require you to put in funds to benefit from their retirement funds. Speak to your consultant and look into every aspect of it.

Get Professional Help

Get in touch with a retirement consultant to get started with the process. A retirement consultant in the Caribbean can walk you through the legality of the process and help you in acquiring a residency permit, setting up a bank account, and buying property.

If you are looking for a retirement consultant in the Caribbean that offers you transparent services with dedication, reach out to us at BrightPath Caribbean. We have helped thousands of clients immigrate to the Caribbean and start businesses, acquire residence and even earn citizenship. Schedule a free Zoom consultation with us today to begin the process.

7 Facts You Didn’t Know About St. Maarten

The Caribbean is made up of more than 700 islands, reefs, and islets. And out of all those amazing places, St. Maarten is definitely one you won’t want to miss! With its unique blend of cultures, stunning beaches, and delicious food, it’s no wonder why so many people have fallen in love with this Caribbean gem. If you’re thinking of visiting or even moving to St. Maarten, here are some fun facts you might not have heard about yet.

One Island, Two Governments

St. Maarten and Saint Martin are two halves of the island jointly owned by the Dutch and the French. The south half, St. Maarten, is an independent territory of the Kingdom of the Netherlands, whereas France owns the northern half and it is an overseas collectivity of the French Republic.

Smallest Co-Shared Land

St. Maarten is the smallest area in the world that’s co-shared by two countries. With a total covered area of 87 kilometers square, St. Maarten is the smallest populated island as well as the only one of this size to have two different governing bodies, making it a fascinating place to visit.

Oldest Open Border

Ever since the treaty of Concordia in 1648, the Dutch and French have kept open borders in St. Maarten, thus making it the oldest open border in the world. Tourists may notice border monuments on both sides of the island but can freely move from one part to the other. This makes Sint Maarten a very special place where you can live and spend time, go to the beach, do groceries or go to restaurants in a different country any time you wish.

Capital with a Beach

Phillipsburg is the capital of St. Maarten, it was founded by a Scottish captain employed in the Dutch navy named John Philips in 1763, and it has its own beach called Great Bay! With pristine, warm, and inviting waters, it is simply spectacular. If you are visiting the Island, you should spend one day in Philipsburg, walk around, have a drink, do some shopping, and enjoy a sunny day at the beach.

airplane landing maho beach sint maarten

Beach with an Airport

Maho Beach is a must-visit for travelers and a fun activity for residents, it is unique due to The Princess Juliana International Airport having its runway right there, just a few meters away from the beach, making Maho Beach very famous for its plane-spotting experience, where incoming planes fly just meters above visitors’ heads. It is the world’s most famous beach for this spectacle. It’s the perfect place to capture an Instagram-worthy shot of a jumbo jet passing overhead.

Hundred Cultures

According to St. Maarten’s government, the country hosts over a hundred different nationalities and cultures in a population of less than a hundred thousand. This makes St. Maarten one of the smallest yet richest multicultural populations in the world. Due to this reason, you can enjoy a huge range of cuisines in the country.

Strong Sea Hold

Due to its unique geographic location and strong ties to the European and North American countries, St. Maarten is the hub of sea transport and home to many cargo companies in the eastern Caribbean. Sint Maarten has the most important cargo and cruise ship port in the region.

Make St. Maarten your Home

If you’re looking for a vibrant, ethnically rich country with great opportunities to enjoy life to the fullest, consider making St. Maarten your home with the services of BrightPath Caribbean. Sint Maarten offers different immigration programs for those looking to start a business, invest, or retire and enjoy life.

Do you have any questions?

Contact us today to begin your journey to residency!


Six of the Best Places to Retire in the Caribbean

Clear blue waters, warm and shiny white beaches, and a slow-paced life that’s far stretched from the hustle and bustle of metropolitans are what all retirees long for, and the Caribbean offers it. If retiring in the Caribbean is your true calling, then this is the blog you should be reading today.

Whether you’re far from the retirement stage and like to plan ahead, or you have come to the point where a decision has to be taken immediately, we’ll help you find the land of your dreams. With over 700 islands spread across the region, you too can find a home in the Caribbean where you can spend the retirement life you’ve always imagined.

Belize

Home to the second-largest barrier reef in the world, Belize is a small country with a population of less than half a million. The country’s biggest tourist destination in Belize City, which is also a great place to settle for retirees. Tax exemptions, business opportunities, and multiculturalism of Belize make it a great place for people who want to enjoy a beachy life but want to hold on to the urban lifestyle.

St. Maarten

Part Dutch and part French, St. Maarten is the smallest inhabitant island in the world. Duty-free shopping, upscale neighborhoods, and booming tourism are some of the best features of St. Maarten. If you’re a retiree who wants to enjoy a cultural and social hub in the Caribbean, then head over to St. Maarten to enjoy exotic cuisine, buzzing nightlife, and an array of investment opportunities.

Anguilla

Just across St. Maarten’s is Anguilla Island. Offering tax exemptions on capital gains and personal income, the country is another one of the British Overseas Territory in the Caribbean. Restaurants, resorts, and the year-long warm temperature of Anguilla make it another favorite retirement destination in the Caribbean.

Immigrate to the Caribbean

St. Kitts and Nevis

If you want to immigrate to the Caribbean and want to enjoy a rustic, slow-paced, and town-like vibe, then St. Kitts and Nevis is the place to be. The island offers tax exemption on inheritance and foreign income as well the oldest Citizen by Investment Program for as low as $150,000.

Antigua and Barbuda

Antigua and its sister island Barbuda are two of the most affordable places to live in the Caribbean. Not only can you obtain extended stay permits, but you can also apply for citizenship through investment. The island also offers a second passport to its permanent residents and tax exemptions.

Dominica

Marketed as the ‘Nature Island’ of the Caribbean, Dominica is one of the most forested lands located in the Lesser Antilles of the Caribbean. So for retirees who want to enjoy beaches, rains, forests, and mountains altogether, Dominica offers everything.

Retire in the Caribbean

If you are looking for a reliable retirement consultant in the Caribbean, then get in touch with us at BrightPath Caribbean. We offer immigration consultancy, relocation services, and retirement services in the Caribbean.

 

Five Things Nobody Tells You About Starting Business in Belize

Located in the south of Mexico and America, in the Central American region, Belize is a small country that gained independence forty years ago. Home to a multicultural population, Belize is the only English-speaking country occupied by Spanish-speaking nations in the Caribbean.

For Americans and Canadians looking to start a business in the Caribbean, Belize is the perfect place with ample opportunities for virtual and brick-n-mortar ventures. Here are things about starting a business in Belize that you may not have known until now.

Foreigners are Fully Facilitated

Although Belize is a rapidly developing country with a decent per capita income, the economy is still in its infancy. Therefore, the government is keen on welcoming and facilitating foreign investors who help develop the country’s infrastructure or offer jobs to the Belizeans.

This is why if you are a foreigner wanting to set up a business in the country, not only will the government help you through the process but also ensure that the obstacles are removed from your path.

Off-Shore Business Exemptions

One of the best parts about starting a business in this country of over 400,000 population is that you don’t have to be physically present in the country. Belize allows foreign nationals to establish remote businesses from anywhere in the world. So if you want to open up a media agency, writing service, or a call center in Belize, you can do so easily.

Small Businesses are Ruling

Over 90 percent of businesses in the country are small businesses started with minimum capital. However, as a foreigner, you need to have a bank account in Belize and a stay record of up to six months. It will be a good idea to set up a bank account in the country right away to initiate the process.

Belize business opportunity

Enjoy Tax-Free Income

Americans can earn up to half a million dollars of tax-free income in Belize, and nationals of other countries can earn even more. As per the Foreign Earned Income Exclusion (FEIE) privilege, foreign nationals can enjoy profits in the country and save tax money too!

Investment Leads to Residence

If you invest in Belize or start a business, the country offers you a residency permit in exchange. So if you plan to enjoy retirement life in Belize or want to make it a second home, starting a business is a suitable and easy way to do so. It’s also one of the only Central American countries that’s part of both the Caribbean and Central America, therefore, enjoys trade in both regions.

Start Business in Belize Today

If you want to immigrate to the Caribbean and Belize is your choice of destination, then reach out to us at BrightPath Caribbean for all kinds of immigration and business services. We offer business consultancy and help with setting up off-shore companies, opening banks accounts, and relocating to Belize and other Caribbean countries. Enjoy the vast business opportunities the Caribbean has to offer!

Here How’s You Can Buy Land in St. Maarten

Buzzing nightlife, upscale neighborhoods, and home to some of the world’s most beautiful beaches, St. Maarten is the perfect choice to relocate or invest in. The 37 square mile island is the smallest known island in the world, and immigration to St. Maarten is comparatively easier than in other Caribbean countries.

In case you have been looking to relocate to St. Maarten or want to invest in one of the best islands in the Caribbean, this blog is your ultimate guide. We’ll tell you everything you need to know about buying property in St. Maarten right here.

St. Maarten or Saint Martin?

If you go online and look up St. Maarten, you’ll find what you’ll assume to be two spellings of the same place: St. Maarten and Saint Martin. Interestingly, these two spellings denote the two halves of St. Maarten island, the northern and the southern, owned by the Netherlands and France, respectively.

Both the islands have different governing bodies and somewhat variance in rules. What’s similar is the serenity, public security, and investment returns in both the halves co-owned by the Dutch and the French.

In this blog, we’ll guide you about buying property in St. Maarten – the Dutch-owned territory.

Benefits of Buying Land in St. Maarten

Here are some of the benefits of investing in St. Maarten:

  1. Lucrative and booming real estate sector
  2. Numerous posh neighborhoods and luxurious villas, condos, etc.
  3. No annual property tax
  4. Duty-free shopping all across the southern part of the island
  5. Business opportunities with small capital investment
  6. Safe quality of life and hub of international sea transport
  7. Major Caribbean tourist destination
  8. Not overcrowded hence serene and abundant in resources

Property in St. Maarten

How to Buy Land in St. Maarten

Here’s what you need to do to buy land in St. Maarten as a foreigner:

Find a Consultant

An immigration, business, or relocation agency can help you in many matters when you set foot in St. Maarten. Albeit the processes to acquire land in the region are easier, there is some paperwork and permits involved for which you’ll need the help of a consultant.

Begin the Search

Your consultant or a reliable realtor can help you find the right property to buy on the island. If you’re moving to St. Maarten, look for a villa or condo that’s best for your family’s needs. Size, location, budget, and amenities are some of the key factors in finding the right property. For investment, your realtor will tell you about the lucrative opportunities.

Seal the Deal

Once you have finalized the property, your consultant will fulfill the necessary paperwork requirements of the local government. You can then seal the deal and enjoy the life St. Maarten has to offer.

Settle in St. Maarten

If you plan to live in St. Maarten for the rest of your life, you can obtain a residency permit with the help of an immigration consultant like BrightPath Caribbean. Get in touch with us today to get started.

BrightPath Caribbean