Why should I purchase farm land in Belize?

Property taxes are very low.  For the taxes on all of the property included in M & V Farm’s total 510 acres, the annual amount is less than $1,400.00 US Dollars.

The maximum tax is based on the size of the parcel and its location.  

Agricultural less than 30 acres $50.00   

Agricultural 31-300 acres $550.00

Agricultural 301+ acres $650.00   

All taxes are due April 1 each year.

There is a five percent transfer tax paid by the buyer; due at the time of purchase plus attorney fees of two percent.  These taxes and fees are calculated based on the purchase price of the property.

Since M & V is a Belize Corporation and is a member of the International Business Companies Act, the income is from Oranges and Coconuts is tax exempt.

The property tax schedule is determined by the government as indicated above.  There are no increases in property tax value, so if you build a house etc., no increase in property tax will be incurred.  When you sell the property, no capital gains or taxes will occur.  So if you buy a property for $100 then sell it for $1000, the seller has no tax consequences. The buyer has a five percent transfer tax plus two percent attorney fee.

Belize has set up its tax system favorable for Foreign Investors.  

Investors should check with Tax Laws before purchasing.