Get to know about Belize Citizenship By Investment on PassportCountries – Belize is a delightfully and beautiful nation situated in Central America, surrounded by Mexico and Guatemala. Its thriving visitor industry is a result of its fascinating society, acclaimed shorelines, calm atmosphere, and open doors for sailing, scuba jumping, and swimming. Financial specialists trying to guide their assets to a developing economy ought to consider Belize as the country’s rural, the travel industry, and exportation of oil and unrefined petroleum monetary segments are reliably on the ascent.
Belize Citizenship By Investment 2019 Steps
One of the ways to acquire Belize permanent residents (and at last citizenship) is by investing in a business in the nation. While the country’s formal Citizenship-by-Investment Program was suspended in 2002, there are as yet various alternatives for investors keen on moving to Belize.
Entering Belize for the first time – with a tourist card
Enter Belize on a tourist visa, after you have moved to Belize, you may 1st have to be compelled to get a tourist visa to stay within the country for over thirty days. If you’ve got citizenship through marriage or descent, this is not applicable to your situation.
All guests, besides cruise passengers, should get a legitimate passport before coming into the country. Your passport should not expire within 3 months of your arrival date.
Depending on your country of nationality, you can stay in Belize for up to at least one month on a visa-free entry.
If you choose to remain longer than a month, you then have to visit the Immigration Department in Belize town of Belmopan to apply for a visa extension and to pay money for a new tourist visa.
All prospective Belizean residents should enter the country on a tourist visa until they complete one year of residency.
Maintain or Renounce Other Citizenships.
While there are a couple of ways to turn into a resident of Belize, there are a few limitations to remember. Your home country may expect you to renounce your citizenship or have restrictions set up for residents with dual nationalities.
Make sure to know the laws of your home nation about holding dual citizenships before searching for a second permanent home.
Belize enables its citizens to hold dual nationality status with different countries.
This implies in the event that you are a Belize citizen you can likewise be a citizen of another nation if that nation additionally enables you to hold dual nationality status.
Notwithstanding, if you are a Guatemalan national you should deny your Guatemalan citizenship to turn into a Belizean citizen
Entering Belize and Establishing a Business
An investor who wishes to set up a business in Belize must enlist the business name with the Belize Company Registrar. To do so, the foreigner must apply with an accomplice who is either a Belize citizen or permanent resident.
To enter Belize so as to locate a fitting colleague, the foreigner applies for a Visitor’s Visa at the local Belizean Embassy (despite the fact that citizens of the U.S., Mexico, Austria, Costa, Rica, the British Commonwealth, CARICOM members, and EU part nations don’t require a Visitor’s Visa). The Visitor’s Visa will be legal for a period of one month to one year and might be broadened.
When the foreign national finds a reasonable partner, they can enroll for business name registration with the Company Registrar. When the Registrar confirms no different business is using the proposed name, the Registrar issues the investor a Certificate of Business Name Registration. With this Certificate, the foreign national can enlist for the other essential administrative work, for example, local bank account, trade license, taxpayer identification number, and so on.
Applying for Permanent Residence After the Business is Established
When the foreign national is approved to work together, the investor can participate in the business movement of the venture, given that the national keep on broadening the Visitor’s Visa in consistence with the Belize migration laws.
Apply for permanent residency. Permanent residency is the first phase in turning into a resident in Belize if you are not the relative or spouse of a Belizean citizen. Applicants for permanent residency should live in Belize for one year before applying.
To turn into a permanent resident, you should first enter the nation on a visitor’s visa. You will at that point apply for residency and renew your visitors visa each 30 to 90 days until your residency is denied or accepted
During this one-year time period, you may not leave the nation within a period of 14 days.
To apply for permanent residency you should finish Permanent Residency Application structure, take an HIV and STI test, give verification of no criminal record from the police, and two suggestions from people who have known you for at least one year.
There are charges related to applying for permanent residency. The charges vary from $250 to $5000 USD depending on your home nationality.
When you get residency, you will pay $62.50 USD for a residency card.
Applying for Belize Citizenship
When the investor has a permanent residency permit for a long time, the investor may apply for citizenship. The citizenship application comprises of a composed structure, interviews with the immigrations and police officers, and sitting for a common test. At the point when the application is endorsed, the investor partakes in a swearing-in ceremony and the Belize government issues the Nationality Certification to the new resident.
Advantages of Belize Citizenship
With Belize citizenship, the investor is qualified to live, work, and travel all through Belize. Moreover, because of the nation’s enrolment in CARICOM, the visa got upon endorsement for citizenship will be a CARICOM passport, valid for travel to other membership countries. among others, the advantages also include:
- You are allowed to vote in Belizean elections as a citizen
- You are free to join Belizean Armed forces
- You are qualified to hold a Belizean passport and travel around the world
Given the complexity of business enrolment and operations in Belize, joined with the need to consent to the nation’s migration laws, it is very prescribed that interested investors contact good lawyers to enable them to finish these procedures.
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