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Business & Economics Retirement Planning

Business and Retirement Guide to Belize

by (author) Bob Dhillon

with Fred Langan

Publisher
Dundurn Press
Initial publish date
Feb 2018
Category
Retirement Planning, Investing, Buying & Selling Homes
  • eBook

    ISBN
    9781459741614
    Publish Date
    Feb 2018
    List Price
    $9.99

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Description

An essential guide to living, working, and retiring in Belize.

Totally updated, the second edition of the Business and Retirement Guide to Belize is an easy-to-read guide to investing, owning property, and retiring in Belize. Bob Dhillon, a successful real-estate developer in Belize, introduces the reader to the country, its beauty, its friendly people, and its economic attractions.

A tropical paradise with beautiful beaches, accessible rain forest, and lost jungle cities, Belize also has a cost of living that makes it affordable for Canadians, Americans, and Europeans. Whether you are a retiree looking for a beautiful, safe, affordable home, or an investor or entrepreneur seeking an attractive business environment, Belize, with its relaxed investment rules and unbeatable lifestyle, has everything you could want.

About the authors

Bob Singh Dhillon is a Canadian multi-millionaire and businessman. After graduating from university in India, he went on to complete his master's degree (MBA) at Richard Ivey School of Business in London, Ontario. Dhillon started selling homes from the back of his car at the age of 19 and was a millionaire by the age of 21. He now owns more than 6,000 rental properties across the country in addition to his 2,700-acre island in Belize.

Bob Dhillon's profile page

Fred Langan has been a business reporter for CBC-TV News in Toronto, as well as for CBC Radio and www.cbc.ca. For more than ten years he hosted CBC News Business, the most popular daily business program in Canada. Langan worked for The Economist, Business Week, and The Christian Science Monitor for many years, as well as writing personal finance columns for the National Post. He lives in Toronto.

Fred Langan's profile page

Excerpt: Business and Retirement Guide to Belize (by (author) Bob Dhillon; with Fred Langan)

Back in the late 1990s, I went on a personal quest for a tropical paradise. For one thing, I wanted to get away from the cold winters of Canada’s Alberta foothills, but I was too restless and too young to just head south and flop on a beach. First I tried the Caribbean, but it was overcrowded and overpriced. I was born too late to get started there. The best spots in the Caribbean were developed twenty or more years before I set out on my search.
The prime parts of Mexico were also overdeveloped. A forest of high-rises filled with tourists on package tours was not my idea of paradise. I prefer boutique hotels to mega-resorts. So I started looking in Central America. Costa Rica attracted me. What’s not to like? It’s peaceful and prosperous with everything from mountains to beaches and a democratic government to boot. I bought some land and embarked on a small venture.
Working in western Canada, based in the free-market province of Alberta, I was spoiled, plain and simple. Titles pass easily through the system, as they do in the United States. Throughout much of the English-speaking world, the land survey regime is open, accurate, and, above all, easy to understand if you move from one place to another.

I considered Costa Rica. It is a wonderful country; however, I discovered, after spending time in the capital, San José, and travelling throughout the country, that it was already developed and prices were too high to get in on the ground floor. It seemed that the elevator had left the lobby long ago. Another problem is the country’s legal and land-transfer systems. Frankly, it is a nightmare. For someone used to British common law and the transparency at work in countries such as Canada, the United States, and the United Kingdom, Costa Rica and other Central American countries, as well as Mexico, are very frustrating places to invest. The laws are based on the old Spanish civil code. Everything is in Spanish. It means lost time, money, and endless frustration.
You might think that because of all this I would have run. However, I was young and impatient to prove my investment savvy. So, I bought some property. It didn’t take me long to realize that I had made a mistake. I took a hard look at the place and decided, after I owned property there for a short while, that the country was not for me. I quickly soured on Costa Rica as a place to live and make money.
While I waited to sell my property, I looked at the map, and saw Belize, formerly known as British Honduras. It wasn’t a random flip through the atlas; a friend of mine tipped me off to the place.

***

My first trip to Belize convinced me it was the spot: an undeveloped, affordable paradise with everything going for it.
I quickly found that there were big differences between Spanish-speaking Costa Rica and English- speaking Belize, not the least of which was language. The common language and culture may explain the friendliness toward Americans and other English speakers in Belize — something that is noticeably different from the kind of grouchiness that exists in many parts of Spanish-speaking Latin America and even in some of the other English-speaking countries in the Caribbean.
From my experience — and I am a man of colour — they embrace all newcomers in Belize. In the town of San Pedro on the island of Ambergris Caye, where I spend a lot of my time when I’m in Belize, visitors are treated as if they are locals, which to my mind is the highest compliment. There are three main streets in the town, with the beach at one end, and the ferry terminal at the other. Simple. And that’s how life is there, too. It is difficult to describe just how friendly the place really is without seeing it with your own eyes.
Not only is there respect for people of all types, there is also respect for private property here — something that is very much part of the British heritage of Belize. This means that the state doesn’t act in an arbitrary way, enacting laws that penalize foreign property owners, as often happens in neighbouring Mexico. This respect for property means the law makes it extremely difficult for people to seize property under so-called squatters’ rights. That sets it apart from most Latin American countries.

Editorial Reviews

A glimpse at an affordable retirement possibility in a tropical paradise.

Sherbrooke Record

Why settle for Florida when you can embrace a peaceful English-speaking tropical paradise with a proud Hispanic tradition that also boasts a transparent legal system? As Langan and Dhillon argue, Belize offers perhaps the last chance to buy an affordable piece of Caribbean beachfront in a country where you will be made to feel welcome, whether you travel there to do business, camp in the rain forests, or swim above the coral reefs.

Stephen Robinson, former foreign editor of the Daily Telegraph

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