LEGAL DESCRIPTION oF THE PROPERTY -
The property can be verified in the Government of Belize’s Land Registery, located in the nation’s capital, Belmopan.
The Registration Section is: Shipstern / Bulkhead.
The registered Proprietor is Julian Castillo of 5859 Seashore Drive, Buttonwood Bay Area, Belize City, Belize
REAL ESTATE IN BELIZE -
No foreign limitations are placed on property ownership, which means foreigners have the same rights to own property and hold title as a Belizean. Property purchase or sale will proceed and close much as it does in a North American real estate transaction.
There is no capital gains tax, nor is there any inheritance tax. From a real estate capital appreciation perspective, it's an ideal environment since real estate values in Belize are extremely reasonable relative to other popular Caribbean nations.
The fast-growing real estate development business is evidence of the faith investors now have in Belize. The nation itself is now exhibiting its abundance of cultural and natural gifts as never before to enhance its status as a sub tropical sanctuary aiming to build upon its affluent tourist trade.
BUSINESS & TAX CLIMATE -
Belize’s tax climate is attracting more and more investors and developers to the country. Long regarded as one of the T-7 Tax Havens, Belize offers investors an attractive option for internationalizing their finances and portfolios for asset protection and tax advantages.
Belize also has a progressive corporate legislation. Striving to become an international finance center with strict bank secrecy and privacy laws, Belize vigorously defends these laws and protects depositors from outside attacks. In these efforts, Belize has gone as far as joining other tax havens in opposing the Tax Information Exchange Agreement (TIEA) with the U.S. Adding to its already generous off-shore financial services, Belize is poised to pass more legislation that strengthens the country’s position as a completely independent off-shore financial center with the most stringent asset protection trust laws anywhere.