Property Through a Trust Or Company in Belize

Unlike other Central and South American countries, Belize allows property buyers to own their land and homes in “fee simple”. This means you have complete ownership of the property without limitation. A fee simple title is the most common form of property ownership in Belize and gives you a clear title to the property. You can also set up a trust to purchase property in Belize, although you cannot use a unit trust for a condominium project (it must be co-op share ownership).

A Property For Sale Belize International Trust is an instrument that allows you to safeguard your assets from legal threats while maximizing their growth potential. A Belize asset protection trust can hold a range of assets, including real estate property, bank accounts, investments, and life insurance policies. The trustees of the trust manage these assets with a focus on preservation and growth while maintaining privacy.

Trustee: The Trustees are a critical element in any trust structure, and the person chosen is an individual who has been licensed by Belize’s International Financial Services Commission. This individual has undergone a rigorous process to ensure that they understand the laws of Belize and are qualified to manage trust assets. In addition, the Trustees must also certify that all information submitted in the application is true.

Can I Purchase Property Through a Trust Or Company in Belize?

The trustees are also responsible for filing the required documentation with the Belize International Trust Registry, a government body that was created in 2007. This registration requirement does not reveal the identity of the beneficiaries or details of the trust assets. In order to be deemed compliant with this requirement, the trustees must file an affidavit verifying that the aforementioned information is correct.

Belize law prioritizes the confidentiality of your trust arrangements. This is in line with the country’s commitment to respect your wishes for privacy and to ensure that your trust arrangement can withstand challenges from foreign jurisdictions. Belize’s legal framework complies with international standards and is designed to protect your privacy while adhering to international regulations against unlawful activities.

Belize’s allure lies in its diverse landscapes and laid-back lifestyle. From the breathtaking Belize Barrier Reef, a UNESCO World Heritage Site and the second-largest coral reef system in the world, to the ancient Mayan ruins scattered throughout the country’s interior, Belize offers an array of attractions for nature enthusiasts, history buffs, and adventure seekers alike.

Another advantage of a Belize trust is that you can set up your own foundation. This is a great option for those looking to bypass the probate process and minimize potential interference with inheritance distribution. This type of structure can also help you sidestep forced heirship provisions, which are common in many jurisdictions and can compromise your intentions for your assets’ distribution. Our team of experts can help you set up a foundation to secure your Belize investment and maximize your return on the property. Contact us for more details.