This country is a tax haven only for some, but not for others
Today we will continue to talk about Belize.
Belize has a very specific tax law, and cannot be considered a tax haven for everyone.
In fact, it is ideal for those looking for a tax haven to reduce capital gains, or in the context of generational transfers, and therefore, in other words, to avoid capital gains taxes or inheritance taxes.
However, it is not a total tax haven when it comes to income taxes, unless a certain condition is in place.
In fact, you are usually required to pay an income tax of twentyfive percent, and if you are an employee, also social security contributions.
However, if you are in Belize for a temporary purpose, if your residence in Belize does not exceed six months a year, and you do not
intend to establish a residence all year, then you will not pay income tax either.
Finally, it should be noted that as for the real estate market, Belize is more decidedly cheaper than places like the Bahamas or the Cayman Islands, but it is also much less developed, and is more suitable for those who want a quiet life, without particular luxury services.
As for companies, in general it is not the right place for holding companies, also given the absence of adequate treaties against double taxation, and is instead often used for offshore nominee and recharging companies.
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