Sanctuary Belize Investment Guide V2

Transcription

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Version 2"
Investment Snapshot
Want to evaluate this
investment
opportunity quickly
and easily? Why not
refer to our investment
snapshot giving you
the quick details and
investment outline.
May 2011
Market Overview
Gain an
understanding of the
fundamentals behind
the opportunity.
Page 7
Exit Strategy
No successful property
investment can be
made without a defined
exit strategy. Learn
what your options are
for realizing the profit
on your investment.
Page 26
Page 2
Plot Locations
View the different areas
you can purchase a lot
within the resort.
Page 20
House Designs
View the amazing
possibilities for house
construction available
within Sanctuary
Belize. Choose a predesigned package or
liaise with an in-house
architect or one of your
choice to create the
ultimate custom
property.
Page 33
The Development Team
Learn who you are
buying from and all of
the different companies
and parties involved in
making a development
such as this a reality.
Page 27
• Over 14,000 acres (56.5 million m2) of
unspoiled beauty
• Commonwealth country with laws
based on English law
• 7 miles of private Caribbean Sea
frontage
• Tax efficient investment
• Massive tax incentives for retirees
• The pinnacle of development within
this area of the world
• Flexible non-status developer
financing over 5, 10 or 20 year terms
• 0% interest options
• 0% deposit options
• Up to 15% discount for cash
purchasers
• Undervalued area of the Caribbean
leading to excellent capital growth
prospects
Don’t wait to buy
land, buy land and
wait
• 5 eco-experience hotels on-site
• A full host of facilities including a 225
slip marina, private beach, private
• Multiple home sites giving you choice
island, private airstrip, equestrian
of location
centre, spa and wellness centre, shops,
• Eco-development including a
restaurants, bars and even a planned
protected wildlife reserve
18 hole championship golf course
• A truly sustainable development with
full environmental impact assessment,
proving the eco-developments can be
the ultimate in luxury developments
• Phenomenal climate with
temperatures ranging from 20C to 32C
throughout the year
• New international airport only 15
minutes from the resort
• Home to the second largest barrier
reef in the world and some of the
world’s best diving and sport fishing
• Construction options including on site • Organized and discounted monthly
inspection trips
management, architectural design and
• Prices from only US$ 99,000
pre-packaged homes
• Only Central American country where
English is the official language
Sanctuary Belize Investment Guide!
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Investment Currency:!
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US Dollars
Total Investment:! !
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$99,000 - $1,099,000
Initial Investment:!
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From $1,980
Monthly Installments:! !
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From $295 per month
Developer Finance Term:!
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Either 5, 10 or 20 year terms available
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From 0% to 9.9% dependent on term and LTV
Developer Finance Interest Rate:!
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Developer Finance LTV (Loan-to-Value):! !
From 50% to 100% of the purchase price
Developer Loan Qualification:!!
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Non-status
Discounts Available:!
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From 5% to 15% dependent upon down payment
Foreign Purchase Restrictions:!!
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None
Proposed Investment Timeframe:!
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Long, 8 years +
Development Size:!
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Large - circa 14,000 acres
Deliverables:!
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1. Titled Freehold Land Ownership
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2. Membership of Sittee River Wildlife Reserve
SIPP Compliant:! !
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No
AIPP Member:!
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Yes!
Predicted Return on Investment:!
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100% over an 8 year period selling to exit target market without
construction and considerably higher if a property is built on the plot.!
Capital Gains Tax:!!
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0%!
Inheritance Tax:! !
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0%
Stamp Duty:!
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5% of the declared price paid at transfer of title!!
Exit Target Market:!
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Second home owners and retirees mainly from the USA!
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The Sanctuary Belize private caye
The question that most people ask when first hearing about Belize is where in South America it’s located. Contrary to what
many people think, Belize is not in South America. It is situated in the heart of Central America.
Most people don't know that this Caribbean wonder is
just a hop, skip and a jump from the U.S. Belize is
located south of Mexico, and to the east of Guatemala.
It welcomes the waves of the Western Caribbean Sea
which is part of its charm.. For the most part, only a
small portion of the world's tourist population have
been to Belize; it has always been there but few people
noticed it. This has kept Belize's Barrier Reef, Mayan
ruins and pristine rain forest "unspoiled" for all to
enjoy.
The country of Belize is really split in two sections, the
mainland and the cayes, which are home to what many
believe to be the best diving in the Northern
Hemisphere. The mainland offers one of the most
diverse eco-systems in the world and is breathtakingly
beautiful.
To date, most of the development has occurred on Ambergris Caye which has left the mainland out of the spotlight. On
Ambergris, however, unlike with mainland Belize, limited amounts of labor and equipment are available. The opportunities
that currently exist on the mainland therefore, are unprecedented.
Sanctuary Belize is located in the Stann Creek District, which is a district in the South East region of Belize. According to the
2000 census, the district had a population of 26,665 people. Its capital is the city of Dangriga, formerly known as "Stann Creek
Town." Stann comes from "stanns", or safe havens used by colonialists coming from the "old world" to the "new world."
The district is split into two Constituencies. They are Dangriga, which contains the town proper and the surrounding villages
(including Hopkins and Seine Bight) and the offshore islands (cayes), and Stann Creek West, which contains most of the rest
including, Placentia and Independence.
The Stann Creek District is bordered by the Caribbean Sea and from a development perspective is still in its very early stages.
This is an ideal area in which to create the premier mainland destination for Belize, as its physical attributes would cater for a
deep water port and ample land to house a large commercial airport.
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Background
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Belize is a democratic constitutional monarchy, and the northernmost Central American nation. Belize has a
diverse society, comprising many cultures and languages. Although Creole and Spanish are spoken among the
population, Belize is the only country in Central America where English is the official language. Belize
possesses the lowest population density in Central America, and the third lowest in the Americas after Guyana
and Suriname.[1] The country's population growth rate of 2.21% (2008 est.),[2] however, is the highest in the
region and one of the highest in the western hemisphere. Belize's abundance of terrestrial and marine species,
and its diversity of ecosystems give it a key place within the globally significant Mesoamerican Biological
Corridor.[3] Belize is culturally unique among its Central American neighbors; it is the only nation in the
region with a British colonial heritage. As a part of the Western Caribbean Zone, however, it also shares a
common heritage with the Caribbean portions of other Central American countries. In general, Belize is
considered to be a Central American nation with strong ties to both the Caribbean and Latin America. Belize is
a member of the Caribbean Community, (CARICOM).Belize was the site of several Mayan city states until their
decline at the end of the first millennium A.D. The British and Spanish disputed the region in the 17th and 18th
centuries; it formally became the colony of British Honduras in 1854. Territorial disputes between the UK and
Guatemala delayed the independence of Belize until 1981. Tourism has become the mainstay of the economy.
Location
Central America, bordering the Caribbean Sea, between Guatemala and Mexico
Area
Total 22,966 sq km
Coastline
386 km
Population
314,522 (July 2010 est)
Language
Spanish 46%, Creole 32.9%, Mayan Dialects 8.9%, English 3.9% (official), Garifuna 3.4%, German 3.3%, other
1.4%, unknown 0.2% (2000 census)
Government Type
Parliamentary democracy and a Commonwealth realm
Economic Overview
In this small, essentially private-enterprise economy, tourism is the number one foreign exchange earner
followed by exports of marine products, citrus, cane sugar, bananas, and garments. The government's
expansionary monetary and fiscal policies, initiated in September 1998, led to sturdy GDP growth averaging
nearly 4% in 1999-2007, though growth slipped to 3.8% in 2008, 0% in 2009, and 1.5% in 2010 as a result of the
global slowdown, natural disasters, and the drop in the price of oil. Oil discoveries in 2006 bolstered economic
growth. Exploration efforts continue and production increased a small amount in 2009. In February 2007, the
government restructured nearly all of its public external commercial debt, which helped reduce interest
payments and relieved some of the country's liquidity concerns. A key objective remains the reduction of
poverty and inequality with the help of international donors
Industries
garment production, food processing, tourism, construction, oil
Agriculture Products
bananas, cacao, citrus, sugar, fish, cultured shrimp, lumber
Export Commodities
sugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil
Export Partners
USA 30.35%, UK 29.77%, Nigeria 4.9%, Cote d’Ivoire 4.45% (2009)
Import Commodities
machinery and transport equipment, manufactured goods, fuels, chemicals, pharmaceuticals, food, beverages,
tobacco
Import Partners
USA 33.65%, Mexico 14.17%, Cuba 8.51%, Guatemala 6.75%, Spain 6.07%, China 4.12% (2009)
Currency
Belizean dollars (BZD) fixed at 2 per US Dollar
Time Zone
GMT - 6
[1] ^ "World Population Prospects: The 2008 Revision Population Database". Esa.un.org. 2009-03-11. Retrieved 2010-08-29.
[2] ^ a b c d "Belize". The World Factbook. Central Intelligence Agency. Retrieved 2008-09-09.
[3] ^ "British Honduras". Encyclopaedia Britannica. 12. New York: The Britannica Publishing Company. 1892. Retrieved 2010-10-25.
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Belize is a parliamentary democracy,
a Commonwealth realm, and
therefore a member of the
Commonwealth of Nations. Belize is
governed under a constitution that
became effective at independence in
1981. Belize recognizes the British
monarch as its own monarch and
head of state, but the powers of the
head of state are largely ceremonial.
The structure of government is based
on the British parliamentary system,
and the legal system is modeled on
the common law of England. The
current head of state is Elizabeth II,
Queen of Belize. Since the Queen
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primarily resides in the United
Kingdom, she is represented in Belize
by the Governor-General. However,
the cabinet, led by the Prime Minister
of Belize, who is head of government,
acting as advisors to the GovernorGeneral, in practice exercise
executive authority. Cabinet
ministers are members of the
majority political party in parliament
and usually hold elected seats within
it concurrent with their cabinet
positions.
The bicameral National Assembly of
Belize is composed of a House of
Representatives and a Senate. The
T
thirty-one members of the House are
popularly elected to a maximum fiveyear term and introduce legislation
affecting the development of Belize.
The Governor-General appoints the
twelve members of the Senate, with a
Senate president selected by the
members. The Senate is responsible
for debating and approving bills
passed by the House.
Belize is a full participating member
of the Caribbean Community
(CARICOM), the Central American
Integration System (SICA), The
United Nations, and the
Organization of American States.
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Climate
Year round warm weather allows you to take full advantage of all of the
outdoor activities that Sanctuary Belize has to offer.
Belize has a tropical climate with pronounced wet and dry seasons, although there are significant variations in weather
patterns by region. Temperatures vary according to elevation, proximity to the coast, and the moderating effects of the
northeast trade winds off the Caribbean. Average temperatures in the coastal regions range from 24°C in January to 27°C in
July. Temperatures are slightly higher inland, except for the southern highland plateaus, such as the Mountain Pine Ridge,
where it is noticeably cooler year round. Overall, the seasons are marked more by differences in humidity and rainfall than in
temperature. The northern part of the country receives less rainfall than the south. Coastal waters are always warm and
inviting (between 23°C to 29°C), the refreshing ocean breezes tempering the humidity.
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Min
20
20
22
23
23
24
24
24
23
22
20
20
Max
28
29
30
31
32
32
32
32
32
30
29
30
Aug
87
Sep
87
Oct
88
Nov
91
Dec
90
Humidity
%
Jan
89
Feb
87
Mar
87
Apr
87
May
87
Jun
87
Jul
86
Average rainfall varies considerably, ranging from 1,350 millimeters in the north and west to over 4,500 millimeters in the
extreme south. Seasonal differences in rainfall are greatest in the northern and central regions of the country where, between
January and April or May, fewer than 100 millimeters of rain fall per month. The dry season is shorter in the south, normally
only lasting from February to April. A shorter, less rainy period, known locally as the "little dry," usually occurs in late July or
August, after the initial onset of the rainy season.
The hurricane season in Belize normally runs from June to November, with the most active months being August, September,
and October. In reality, Belize is not Hurricane Central. Most Hurricanes don't come anywhere close to Belize. Since 1930,
there have only been 12 hurricanes that have either made landfall in Belize or passed close it.
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View from Sanctuary Belize Beach to sunrise over the Caribbean Sea
Belize is a country in North Eastern Central America that borders the Caribbean Sea. Belize is one of the smallest and least
populated countries in Central America. It was ruled by Britain for almost two centuries and until 1973 was known as British
Honduras. Belize became independent in 1981 and is a member of the Commonwealth of Nations. Belize City is the country’s
largest city and was the capital until 1972. The capital of Belize is Belmopan, which is located some 60 miles inland from the
international airport.
Belize has a diverse society composed of
many cultures and speaking many
languages. It is the only country in Central
America where English is the official
language. It is bordered by Mexico to the
North, Guatemala to the South and West,
and the Caribbean Sea to the East. Creole
and Spanish are also widely spoken. With
8,867 square miles (22,960 km2) of territory
and 320,000 people (2008 est.), the
population density is the lowest in the
Central American region and one of the
lowest in the world, with 14 people per
square kilometer. Belize is the least
populous non-island nation outside of
Europe. The country's population growth
rate, 2.21% (2008 est.), is the highest in the
region and one of the highest in the
western hemisphere.
Sanctuary Belize Jungle
The Caribbean coast is lined with a coral reef and some 450 islets and islands known locally as Cayes (pronounced "keys").
They total about 270 square miles, and form the approximately 200 mile long Belize Barrier Reef, the longest in the Western
Hemisphere and the second longest in the world after the Great Barrier Reef in Asutralia. Three of the four coral atolls in the
Western Hemisphere are also located off the coast of Belize.
Culturally, Belize considers itself to be both Caribbean and Central American. Belize has a tropical climate with pronounced
wet and dry seasons, although there are significant variations in weather patterns by region. Temperatures vary according to
elevation, proximity to the coast, and the moderating effects of the Northeast trade winds off the Caribbean. Average
temperatures in the coastal regions range from 24 °C in January to 27 °C in July. Temperatures are slightly higher inland,
except for the southern highland plateaus, such as the Mountain Pine Ridge, where it is noticeably cooler year round. Overall,
the seasons are marked more by differences in humidity and rainfall than in temperature.
According to the most recent vegetation surveys, about sixty percent (60%) of Belize is forested, with only about twenty
percent (20%) of the country's land subject to human uses (such as agricultural land and human settlements). Savanna,
scrubland and wetland constitute extensive parts of the land. As a result, Belize's biodiversity is rich, both marine and
terrestrial, with a host of flora and fauna. About thirty-seven percent (37%) of Belize's land territory falls under some form of
official protected status.
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Despite Belize sharing all of the attributes (and more) of it’s more
expensive Caribbean neighbours, property is still a third of the price,
providing massive potential for growth.
The Sittee River
The current market opportunity in Belize is highly opportunistic and is rated amongst the world’s most attractive emerging
markets, and there is a long list of reasons why. First, the timing is impeccable, just as the Belize market started to rise and
appreciate like some other Caribbean countries, the USA (where 90% of Belize’s tourism comes from) started to slow down
and subsequently ended up in a severe recession due to the financial crisis that swept the nation in the beginning of 2008. The
great news for Belize is that the market is still simmering and when the US market inevitably picks up, Belize will be the
number one country on most investor’s radar. As you will read below there has been a huge surge in interest from around the
globe.
Belize is highly undervalued compared to other Caribbean hotspots despite sharing all the attributes (and more) of that of its
expensive eastern neighbors, namely the Bahamas, Cayman Islands, St. Martin and so on. Belize has appreciated highly over
the past 5 years, however, it would still need to triple in price to be on par with these countries, which creates a huge
opportunity.
One of the most compelling reasons to consider Belize is because it is the only English speaking country in Central America,
and not only is English the official language, all contracts and documents are in English. The Government is stable and is
based on the British common-law system whereas every other country in the region has a civil-law basis. The currency is the
Belize dollar which tracks 2:1 with the US Dollar and because of this is not susceptible to currency fluctuation issues that occur
elsewhere.
As mentioned earlier, Belize is regarded as one of the T-7 tax havens and is therefore very friendly to business, however there
are other attractive tax benefits within their system including no Capital Gains Tax on the sale of real estate, meaning that
100% of the profits made on the sale of real estate remains with the seller.
Belize’s proximity to major US cities is also very attractive. It is less than 2 hours from Miami and Houston, which has daily
direct flights and is less than 3 hours from Dallas, Atlanta and Charlotte and 4 hours from New York. This proximity,
combined with some of the lowest cost of air travel in recent history bode well for the Belize market. The Belize International
Airport has also recently upgraded and extended the runway to allow for direct flights from Europe which will see tourism
increase exponentially.
What others are saying
Belize is on virtually every travel publication’s radar, with many of them
featuring Belize as the hot destination in current editions. One of the reasons
why Belize has remained a sleeping giant amongst other Caribbean markets
was because of a lack of exposure moreover because the spotlight was
focused on other more popular countries, which has now completely
changed.
A simple web search of Belize will uncover numerous examples of
newspapers, magazines and TV shows that are now focused on Belize as
both a tourist destination and emerging real estate market.
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Tourism in Belize is up. Cruise ship tourism is way up (300% in five years). If
these figures are any indication, this tiny tropical paradise is on it’s way to
becoming the next hot destination for explorers, expats, retirees and investors.
Sanctuary Belize Savannah
“From its Caribbean shores to its jungle interior, Belize has great natural beauty--blue water,
deserted beaches, and inland retreats, where you can explore Mayan ruins, tall waterfalls, rainforests, and rivers. Until recently, Belize was rarely mentioned in the international media...but the
European press is starting to take note. Europeans don’t much visit Belize...but this is set to
change.
The government of this tiny English- speaking Caribbean haven is actively encouraging more
tourists and there are rumors that direct flights from Europe and Canada will connect to Belize
City by late 2008 (right now Europeans and Canadians must fly via the States). With these new
flights, little Belize will be opened up to a whole new type of real estate buyer--the European.
Europeans, especially the Irish and the Brits, like to invest in overseas real estate--a trend that has
increased over the past 10 years.”
- International Living Magazine
“For years, Belize was a favorite destination for adventure travelers. Here, they found an unspoiled
land of lush mountains and jungles, pristine Caribbean beaches and islands, and the longest barrier
reef in the Western Hemisphere.
But in the past few years...a number of hoteliers—seduced by the country's virgin beauty—have
recognized its potential. As a result, Belize now has some of the region's most exciting places to stay,
with designs inspired by indigenous Mayan thatched huts, the fabrics of Guatemala, and the exotic
pavilions of Bali.”
-Travel and Leisure
“Belize is Central America's perfect blend of island beaches, virgin rain forest, and Maya
mysteries.”
- Budget Travel
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SANCTUARY BELIZE
CONTACT US
USA: +1.949.673.4270 - BELIZE: +501.520.7565
Email: [email protected]
W W W. S A N C T U A RY B E L I Z E . C O M
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Sunset over the Maya Mountains at Sanctuary Belize
Belize remains a largely undiscovered paradise - for now, anyway. Currently, the country is experiencing a land rush as never
before in its colorful history. Savvy homebuyers and entrepreneurs are already comparing Belize to the Costa Rica of the early
1990’s. Homesites are being snapped up in record numbers as speculators and developers scramble for a wise place to invest
their money. Yet this is far from the main reason that people will eventually flock to this land of untamed rainforests, tall
mountains, countless species of flora and fauna, coral reefs, Caribbean shores and unspoiled cayes.
The thing that will draw people to the wonderland of Belize is the promise of unparalleled exploration. There is no better
place in the entire country to experience the marvels of Belize’s land and sea exploits than at Sanctuary Belize. Set within the
14,000 acre Sittee River Wildlife Reserve, it will
provide an epic landscape populated with
soul-quenching excursions - from world-class
diving, snorkeling and river kayaking to game
fishing and caye hopping to rainforest
exploration, Mayan ruins and jungle safaris.
To many, Belize remains a hidden secret - a
sheltered world where tales of Caribbean
pirates and Mayan Kings inspire modern-day
crusades for pleasure and adventure. Yet with
the dawning of Sanctuary Belize, the time has
come for this protected paradise of jungle and
savannah, of river, caye and marine, to reveal
its mysteries and fulfill its legacy as one of the
most adventurous coastlines in all the world.
To others, namely the entrepreneurial,
Sanctuary Belize represents an unprecedented
chance to capitalize on one of the most timely
of opportunities that may ever be available for real estate developers that focus on emerging markets. Proximity, language,
government, currency, natural beauty, climate and timing make this the premier real estate market opportunity that exists
anywhere in the world right now, and the window is small. It is widely believed that this emerging market opportunity, like
Costa Rica now, will be over within a few short years of a US economic recovery. The baby-boomer generation is currently
one of the largest financial markets for real estate opportunities, as 10,000 retire daily in the USA, and a large percentage will
be migrating to areas that afford access to amenities and excellent health care, recreation, and tax benefits.
Not too often do real estate development opportunities come along where all the legwork has been done, without of course
paying highly for the privilege. This is a fully entitled project, ready for construction to begin immediately right alongside
sales and marketing efforts.
Demand remains high despite a global downturn, however investors are reluctant to invest in projects that are not fully
entitled or are in very early stages. Sanctuary Belize provides a unique, unprecedented and most importantly a realistic
opportunity and one that will be attractive for retirees, second home buyers, speculators and investors seeking to capitalize
on an emerging market.
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The New Placencia
International
Airport
Set to open in 2011, the new Placencia International Airport will service commercial and private airlines in style. A huge
runway of 9,200 feet, the largest in the country, is sized for airplanes up to 787’s and designed for TSA and FAA compliance.
Additional services will include public and private hangars, easy customs and immigration clearance, a fire station and
Set to facilities.
open in 2011,
the new
on-site,from
privately-owned
Placencia
International
Airport
service
commercial
fueling
Less than
20 minutes
Sanctuary Belize,
the comfortable
terminal
willwill
reflect
the spirit
of Belizeand
with
private
tour operators
in style.!A
huge
runwaythe
of only
9,200international
feet—the largest
country—is
sized
for craft upAirport
to 787’s
places
to shop,
dine and sip
cocktails.
Currently
airportininthe
Belize
is the Belize
International
and designed
TSA and
FAA compliance.
Additional
and private
easy to
customs
which
is own byfor
American
Airlines.
As a result, visitors
fromservices
Europe will
needinclude
to take public
a connecting
flight hangars,
from the USA
reach
and
immigration
clearance,
a
fire
station
and
fueling
facilities.
Less
than
20
minutes
from
Sanctuary
Belize,
the
Belize. The opening of this new airport will cater for direct flights which will undoubtedly open the floodgates to a host of
comfortable
main
terminal
reflect
spiritAof
Belize,
with
places to
shop,
dine and
sip cocktails.
new
international
visitors
fromwill
around
thethe
world.
new
airport,
especially
with
expanded
operating
services has always
served as a recognizable pre-cursor to enormous growth throughout the world and with Sanctuary Belize in such close
proximity, this premier destination is set to reap the rewards of this growth.
The Ease of On-Site Arrivals
How Sanctuary Belize mitigates risk
Many investors make the mistake of evaluating the risk of a property investment based on location alone. This can be a costly
error, and successful property investors understand that the development itself is often far more important than the country it
is located in. A project that upon analysis is considered high risk in London is certainly not as safe as a properly conducted
and low risk project in a developing country. Below are some of the fundamental elements that contribute to the risk of a
project and how Sanctuary Belize has all of these bases covered.
High Risk Project
Low Risk Project
Under Capitalized/Over Leveraged
Well Capitalized
Unmanageable Financial
Commitments
Zero Debt
Limited Cash Flow
High Monthly Cash Flow
No Permits or Entitlements
Fully Entitled and Permitted
No Support or Local Partner
Government Support & Local Partner
Poor Sales & Marketing Ability
Excellent Sales & Marketing
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Riverine
The Sittee River is a highly diversified brackish habitat that supports both freshwater and saltwater life. While manatees, rays
and barracuda cruise the deep waters, inquisitive turtles and egrets patrol the surface.
Sub-Tropical Savannah
Reminiscent of the Serengeti Plains, Sanctuary Belize’s savannah is filled with a diverse array of rare plants, from wispy
grasses and scattered shrubs to thick-barked solitary trees and an array of riveting animals.
Belizean Jungle
The Belizean broad leaf forests can be best described as semi-deciduous rain forests. The jungle is diverse in nature without
having any one plant species dominating. Mahogany, cedar, sapodilla, cohune and figs are among the most common species.
Caribbean Marine
Sanctuary Belize has several coastal eco-systems that include ocean, lagoons, mangrove marshlands, bays and tidal wetlands.
Many of these habitats act as nurseries for maturing fish species and amphibians. These habitats also act as natural protective
devices against tidal erosion.
Coral Reef
The underwater spectacle of coral reefs off the shores of Sanctuary Caye are home to amazing tropical fish, sea turtles, eagle
rays and even the migrating whale shark.
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The Sanctuary Belize Masterplan
Sanctuary Belize Estates, is situated alongside an untamed stretch of the Sittee River, and perched on seven miles of Caribbean
shore. It is 14,000 acres of unspoiled natural beauty in the lush tropical heart of Belize's stunning southern region. Surrounded
on either side by 111,000 acres of wildlife reserves, Sanctuary Belize Estates embraces, respects, and preserves the area's
ecological diversity and natural resources. Together with the neighbouring wildlife reserves, this development is of
fundamental importance to Belize and represents over 2% of the entire country’s landmass.
Within the natural borders of Sanctuary Belize Estates are a dazzling array of ecosystems. From lagoons and mangrove forests
teaming with wildlife, to meandering rivers and crashing waterfalls, to canopied rainforests, to a private white sand beach
and azure Caribbean waters clear enough to count the tropical fish darting between the coral - Sanctuary Belize Estates isn't
offering just one terrain; there are many, each with its own magical beauty.
Sanctuary Belize is more than a perfect piece of tropical paradise. It's a rare opportunity to own an extraordinary home site,
custom home or condominium in one of the world's best real estate markets. Lots are available in a wide selection of
exceptional locations - beach, rivers, rainforest, waterfalls and are about as far from ordinary as you can get.
Eventually, Sanctuary Belize Estates will be home to more that 1,350 residents with lots ranging in size from 0.5- acre parcels
to over 75-acre parcels. Custom homes will also be built at Sanctuary Belize Estates as part of the overall development plan.
Fully built out, Sanctuary Belize Estates will be a landmark development in excess of $US 500 Million.
Sanctuary Belize is located in the Stann Creek district of Belize. Stann Creek, which offers possibly the most diverse Belize
visitor experience, is the home to beautiful white sandy beaches, the Cockscomb Basin Wildlife Sanctuary, and Victoria’s Peak,
which is the highest point in Belize at 1120 meters above sea level. Stann Creek has a population of just over twenty-five
thousand and is approximately 90 miles from Belize City by land, and 36 miles by sea.
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Artists Impression of the Marina Village
Marina Village at Sanctuary Belize, sits within the 14,000 acre Sittee River Wildlife Reserve and is a 200 +/- acre, mixed-use
development comprising of:
•
220 Residential Lots & Homes
•
90+/- Room Hotel (including the 5 Eco-Experience Hotel)
•
225 Deep Water Marina Slips
•
15,000 Sq. Ft. Commercial including shops, restaurants,
•
Yacht Club & Residents Club
The festive Marina Village at Sanctuary Belize will bustle with everything a Belizean coastal town should. Like nothing in all
of Belize, the Marina will burst with vibrant colors, restaurants, cafes, barefoot beach bars, a wide diversity of shops, fresh fish
and produce, entertainment venues and cultural activities along with a Caribbean vibe that will set Marina Village apart as
one the country’s most sought-after destinations. There will be a 40-room hotel at Marina Village that will form the largest
component of the 5 eco-experience hotel, a cigar bar, art gallery, Kriol bistros, Garifuna crafts, a weekend farmers’ market and
a Belizean bakery to join the church on the hill, the lighthouse, post office, grocer and other sundry stores that will serve the
residential community.
The centerpiece of Marina Village’s hospitality experiences will be the enchanted Marina Village Hotel. Nestled at the heart of
the village, it will offer 40 private rooms poised over the elegant craft of the marina itself. Outside, white clapboard, wooden
balustrades with brightly hued shutters will capture the tropical allure of Belizean village life. Inside, casual and understated
accommodations will exude an unexpected intimacy and residential charm, providing all the comforts that you would expect
from your home.
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The Sapodilla Lagoon
As an addition to the 40 room Marina Village Hotel will be the 5 Eco-Experience hotels. This unique hotel experience will be
spread over multiple sections of the Sittee River Wildlife Reserve and amongst Sanctuary Belize Estates. It will include:
•
Regalia Lodge (Riverine)
•
Sanctuary Caye Lodge (Tropical Island with Coral Reef)
•
Sabana Tent Lodge (Subtropical Savannah)
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Balam Jungle Lodge (Tropical Rainforest)
•
Hamaca Beach Lodge (Caribbean Marine)
Marina Village’s 5 Eco-Lodging experiences will set the tone for the different architectural vernaculars embraced by the homes
that will be built in each eco system.In summary, Marina Village at Sanctuary Belize will become a world-class residential,
resort and recreational destination and most certainly will be the premier mainland destination for all of Belize.
Marina Village at Sanctuary Belize is comprised of multiple parcels to cater for the 5 Eco-Experience Hotel component of the
development. The main parcel, which is home to 90% of the development is a 120 +/- acre parcel located on the southwestern
edge of the property which abuts Sapodilla Lagoon. It is at Sapodilla Lagoon that boaters will gain access to Marina Village’s
marina. It is deep water which will cater to larger vessels and is naturally protected from the elements.
The remaining 80 +/- acres of the property will be split into smaller sections each of about 15-20 acres. These parcels will
house the remaining 5 Eco-Experience hotel sites as mentioned above.
The parcel has approximately 7 miles of coastline and 14 miles of lagoon-frontage/river-frontage.
A huge bonus to this parcel is the inclusion of land on the 5-acre island which is currently a part of Sittee River Wildlife
Reserve. The island will house residential dwellings as part of Sanctuary Belize Estates.
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Equestrian Centre
Private Airstrip
PuraMaya Spa & Fitness
Marina & Yacht Club
Swimming
Situated on the banks of the
Sittee River in Sanctuary
Belize, the Equestrian Centre
offers miles of bridle paths
that wind throughout the
Sittee River Wildlife Reserve
for adventurous riders to
explore. Ride across the
savannah to the rainforest,
pause at one of Sanctuary
Belize’s scenic lagoons to rest
your horse and enjoy a
refreshing dip followed by a
picnic. Riding high in the
saddle provides the perfect
vantage point to spot birds,
deer, peccary, foxes, tapir
and the wild cats of Belize.
The Equestrian centre will
encompass excellent
stabling, pasture for horses
and land reserved for a
future polo field.
With it’s emerald rain forests,
clear blue skies, and even
bluer waters, Belize is a
recreational pilot’s dream
destination. Why not make it
your dream home as well?
Sanctuary Belize’s wealth of
exceptional amenities include
a private airstrip located on
the property. Surrounding
the airstrip, large home sites
offer ample space for private
airplane hangers. Flying to
and from the US is even
more convenient with a
private airstrip just beyond
your front door. This coupled
with the new Placencia
International Airport due for
completion in 2011 with the
largest runway in the
country and less than 15
minutes from Sanctuary
Belize, makes the travel
options to this resort, truly
unique.
The PuraMaya Spa and Peak
Fitness Academy will be
located within the Marina
Village, and built in the tree
line of the littoral forest, on
stilts that extend the resort
over a sheltered lagoon
behind the beach. The
resort’s design will
complement and embrace its
natural environment and
provide world class spa
facilities to those at
Sanctuary Belize. The
PuraMaya Spa will present a
holistic program of
relaxation, balance, mental
focus and rejuvenation and
will form the central place for
assisted relaxation within the
development using
treatments from every corner
of the world. And who could
ask for a more stunning
location to spend an
afternoon being pampered?
With its serenely beautiful
waters, Sapodilla Lagoon is
considered one of the most
beautiful anchorages in the
country. Sanctuary Belize
residents will enjoy access to
the resort’s private Marina
and Yacht Club, including its
eight foot deep entry channel
and pool, as well as naturally
landscaped berths for 225
vessels. Sailors will find full
service amenities including
freshwater, fuel, ship
chandlers, repair shop, and
laundry, as well as a worldclass yacht club with a
restaurant, bar, locker-room
and showers.
At Sanctuary Belize, you
really are spoilt for choice
when it comes to wanting to
cool off with a relaxing
swim. Throughout the
development you will find
numerous natural lagoons to
enjoy a dip, or perhaps the
majestic Sittee River. For
those who like to feel the
sand between their toes
there is the crystal clear
waters of the Caribbean Sea
and with 5 hotels
throughout the
development, there is no
shortage of swimming pools
for the less adventurous. Of
course, nothing could be
more relaxing than a swim
in your own private pool
and with the generous block
available in the
development, most homes
will include their own
private water paradise.
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Fitness
Relaxation
Children
Wildlife
Diving and Snorkeling
Sanctuary Belize affords the
active individual a wealth of
options for exploring the
area and increasing fitness at
the same time. A network of
trails throughout the
property are perfect for
mountain biking, hiking and
romantic walks. Leave the
treadmill and run along the
white sand beaches of the
Caribbean Sea whilst
soaking up the glorious
sunshine. For those more
inclined to a traditional
workout then the spa affords
fitness programs and a
traditional gymnasium but
with such majestic
surroundings, yoga on the
beach or a long run through
the savannah are sure to be
the active person’s activities
of choice.
With such a variety of eco
systems at Sanctuary Belize,
you could easily argue that
every day spent in this
paradise is relaxation in
itself, but to really wind
down why not pull up a sun
lounger on the white sands
of the Caribbean Sea and
while away the hours
intrenched in your favorite
book. Or soak up all of
nature’s beauty by perching
on a bench along one of the
walking trails through the
rainforest and watch the
world pass you by
completely at one with
nature. Then with your own
private oasis constructed in
your private block, why
leave the sanctuary of your
own home at all? Pure
relaxation is always only a
moment away.
Seldom does an opportunity
present itself to invest in a
development where children
would be more at home.
With over 14,000 acres to
explore the children will
never be bored at Sanctuary
Belize. Snorkeling, canoeing,
swimming, horse riding,
beach sports, boating and
hiking are just a few of the
activities for the children to
enjoy. Or perhaps take them
exploring the dazzling array
of ecosystems. From lagoons
and mangrove forests
teaming with wildlife, to
canopied forests, to a private
white sand beach and azure
Caribbean waters clear
enough to count the tropical
fish darting through the
coral, Sanctuary Belize isn’t
just one terrain, it’s many,
each with it’s own magical
beauty.
Come an explore your
backyard. On one side: the
11,000 acre Sittee Wildlife
Reserve. On the other, the
Cockscomb Wildlife
Sanctuary, the world’s only
jaguar preserve. You’ll share
your extraordinary setting
with an amazing diversity of
wildlife including deer, fox,
jaguar, ocelot, tapir, margay,
monkeys, iguanas and a
spectacular display of birds.
Sanctuary Belize is a
birdwatcher’s paradise with
over 300 species of birds, and
new ones being discovered
each year. Who knows, the
next new species might just
be discovered by you.
A haven for divers,
snorkelers and sports-fishing
enthusiasts alike, Belize’s
Caribbean coastline is
prized for its crystal clear
waters and stunning tropical
sea life. Sanctuary Belize
residents enjoy access to
their own private seven mile
stretch of this celebrated
coast, including half a mile
of pristine white sand beach.
Just offshore lies the Belize
Barrier Reef, the longest in
the Western Hemisphere
dotted with countless
islands for exploring and the
Glovers Reef Marine
Reserve, both excellent spots
for world class diving and
snorkeling. Catch a glimpse
of rays, dolphins, sea turtles,
eels, barracuda and even
migrating whale sharks that
inhabit this coral paradise.
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Dining
Fishing
Sports
Canoeing & Kayaking
History
After a day of diving,
fishing, beach combing or
exploring, you’ll be hungry
But for what? Take your pick
- literally. Sanctuary Belize
offers a delectable selection
of culinary delights,
including its own organic
garden lovingly tended by
local eco-farmers. Hand
select your perfect beverage
from the Oe Juice Bar, or the
perfect rum from the
outdoor Tiki Bar, sure to be a
favorite with the locals.
Gastronomic delights can
also be experience in the
Yacht Club, in the Marina
Village and in the 5 eco
hotels throughout the
property, but f your prefer to
cook at home then the
general store is sure to have
what you are looking for.
Belize is a mecca for the
fishing enthusiast with a host
of different locations to try
your hand at. Head out into
the crystal clear waters of the
Caribbean Sea and reel in the
biggest catch of your life,
including tarpon, bonefish,
spanish mackerel, tuna,
grouper, amberjack, billfish,
jewfish, marlin, sailfish and
cubera snapper. Or why not
try your luck fly fishing in
the Sapodilla Lagoon or the
Sittee River where you’ll find
snook and tarpon. With some
blocks having the capabilities
for private boat moorings,
Sanctuary Belize really is an
angler’s dream.
With such an amazing
climate, Sanctuary Belize is
the ultimate sporting
destination. Enjoy football or
volleyball on the white sand
beach, or perhaps try your
hand at archery or petanque.
Mountain biking through
miles of trails through the
jungle, rain forest and
savannah for the adrenaline
junkie and a hike through for
those looking to spot some
wildlife along the way. With
a polo field and a Nicklaus
designed golf course planned
for the future plus all of the
other sporting pursuits
already mentioned,
Sanctuary Belize will keep
even the most active spoilt
for choice.
Residents also enjoy some of
Belize’s most beautiful
lagoons and rivers. To the
north, Sanctuary Belize
borders the Sittee River, one
of the nation’s deepest and
most scenic. The property
also borders the Anderson
and Sapodilla Lagoons and
their bounty of wildlife.
Kayak or canoe the lagoons
and meandering rivers, then
cool off under one of the
area’s gorgeous waterfalls.
Your Sanctuary Belize puts a
world of water recreation
within easy reach. And
within you budget.
A nation of abundant
natural wonders, Belize has
its share of man made
wonders as well. Perhaps
the most impressive, and
mysterious of these are the
1500 year old Mayan
structures, the last remnants
of the great Mayan cities. A
day trip away are the world
renowned Mayan sites of
Xunantunich, Caracol, Cahal
Pech, and to the south, the
Lubaantun and Nim Li
Punit. Close by in the Stann
Creek District is the
Mayflower Bocawina
National Park, home to a
scattering of Mayan sites
that are still under
excavation. You’ll soon
discover, there’s no better
place to catch a Belizean
sunset than from atop a
Mayan temple
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The Sapodilla Ridge Estates are primely located in the south of Sanctuary Belize and form the western border of the Marina
and Marina Village. Some of the most desirable blocks in the entire development, Sapodilla Ridge places you right in the
middle of all the action, close to the Caribbean Sea, the Sapodilla Lagoon and all of the conveniences of the Marina Village.
Blocks range in size from 0.35 acres to 1.3 acres and with prices from just $229,000 the Sapodilla Ridge Estates represent a
fantastic value proposition in the heart of the development.
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Equestrian
Estates
Have a love for horses? Then these Equestrian Ranch Estates could be the ultimate investment for your future. Each of the 9
Equestrian Ranch Estates is 5 acres in size and are located in the northern section of Sanctuary Belize close to the stunning
Sittee River. With the Equestrian Centre only minutes away and with such huge land parcels to build your ultimate ranch,
these blocks are a rider’s dream. And with prices from only $199,000, you can now afford to make the dream a reality.
EFFECTIV
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Sittee River
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Have a love for horses? Then these Equestrian Estates could be the ultimate investment for your future. These fantastic blocks
are located in the northern section of Sanctuary Belize close to the stunning Sittee River, with some even having river frontage.
They range is size from approximately half an acre to over 12 acres. With the Equestrian Centre only minutes away and
pastures on your doorstep, these blocks are a rider’s dream. And with prices from only $99,000, you can now afford to make
the dream a reality.
EFFEC
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Waterway Village is located in the north of Sanctuary Belize and affords a fantastic location bordered to both the north and
south by waterways. With such a secluded location, yet close enough to enjoy all of the facilities Sanctuary Belize has to offer,
it’s hard to go past Waterway Village. Blocks range from just over half an acre to almost one and a half acres and with prices
from only $99,000, these blocks represent some of the best value for money in Sanctuary Belize.
EFFECTIVE: F
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Down Payment
Term
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Down Payment
Monthly Payment
0% (First & Last
Payments)
20 Years
9.9%
$1,917
$958
10 Years
8.9%
$2,523
$1,261
5 Years
7.9%
$4,046
$2,023
Down Payment
Term
Rate
Down Payment
Monthly Payment
10%
20 Years
7.9%
$10,000
$747
10 Years
5.9%
$10,000
$995
5 Years
4.9%
$10,000
$1,694
Down Payment
Term
Rate
Down Payment
Monthly Payment
20%
20 Years
6.9%
$20,000
$615
10 Years
4.9%
$20,000
$845
5 Years
3.9%
$20,000
$1,470
Down Payment
Term
Rate
Down Payment
Monthly Payment
30%
20 Years
6.9%
$28,500
$512
5% Discount
10 Years
4.9%
$28,500
$702
5 Years
3.9%
$28,500
$1,222
Down Payment
Term
Rate
Down Payment
Monthly Payment
50%
20 Years
4.9%
$45,000
$295
10% Discount
10 Years
3.9%
$45,000
$453
5 Years
0.0%
$45,000
$750
Down Payment
Term
Rate
Down Payment
Monthly Payment
Cash - 15% Discount
N/A
N/A
$85,000
N/A
- The figures quoted above are based on a $100,000 lot purchase. Actual figures will be variable, based on the purchase price of the individual lot
- Only the 0% down financing program is inclusive of the first and last month payment requirement
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The purchase procedure for Sanctuary Belize has been designed to make the process as simple as possible for the client. There
are only a couple of steps and the entire process can be concluded without the need for traveling to Belize.
• BUYER completes Reservation Agreement and returns signed document by email to AGENT along with a copy of a recent
utility bill and passport for each named purchaser
• DEVELOPER takes the property off the market
• DEVELOPER prepares two copies of the Purchase and Sale Agreement, which are sent to the BUYER
• BUYER completes both Purchase and Sale Agreements and returns both by registered post to the DEVELOPER (within 28
days of reservation)
• BUYER send down payment (within 28 days of reservation). Proof of transfer MUST be sent to the AGENT
• Upon receipt of both contracts and down payment, the DEVELOPER will countersign and ratify one contract, which will be
sent to the BUYER for their records
• A direct debit will be set up with a currency broker for the monthly payments for the plot, if you have chosen to use one of
the developer’s financing options. Your agent will liaise with you in regards to the documentation required for this.
• Title Deeds will be issued in the buyers name by the Government of Belize upon full payment of the purchase price by the
BUYER.
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One of the fundamental parts to successful property investment, is having a clearly defined exit strategy. Too many times,
investors purchase property without an exit strategy and subsequently find it difficult to realize returns. Whilst buying at a
discount or for a high rental return, for example, may seem to be an attractive reason for investment, unless you are able to
resell that property at a profit in the future, then it may not be a wise investment decision based on your requirements.
Therefore, before entering into any property investment, you must understand your place in the development and target your
exit strategy before you make your decision to purchase.
As you will have read in the previous pages, the economic principles and arguments underlying real estate investment in
Belize are very strong. What makes this opportunity even more lucrative is that you are investing in Sanctuary Belize at a
ground level. In this particular investment, the opportunity for return on investment is high if you understand where you fit
into the development. A development of this size obviously requires significant capital input and time to realize its full
potential. This capital is required to complete projects such as roads, the marina, the airstrip, communal facilities, the marina
village, commercial areas etc. In this instance the developer is the strong position of owning the entire 14,000 acre parcel
outright with no loans or encumbrances on the land (Valued in excess of $100 million). As a way of raising the capital
necessary to complete all of the aforementioned works, the developer is selling individual land plots within the development,
helping to raise finance for the completion of all of the works. Therefore, an investor in this project can be seen to be providing
development finance for the construction of the overall project, which whilst commonplace in many developments across the
world is unique due to the scale of Sanctuary Belize and the safety afforded to investors by the developer holding clear title to
the land.
Understanding this fundamental then leads to how the profit potential of this development can be so high for investors that
get in at this level and also determines the exit strategy for the investment. The exit target market is most likely to be high net
worth individuals from the USA looking for a second home or retirement destination. The tax advantages of Belize for retirees
are enormous and with short travel times to the USA, this is the largest exit target market. The quandary is that these people
are not going to want to move to Sanctuary Belize until the infrastructure and communal projects are completed, which the
developer cannot afford to do without selling some of the land plots. This is where you fit into the development.
The optimal strategy on a resort of this type is to purchase a plot within Sanctuary Belize at this stage with prices reflective of
the lack of facilities, which in turn provides capital for the developer to complete the works on the project. Once completed,
and with many more homes built on the development (many are under construction currently and some are already
completed), the vacant land plots will command a premium from the exit target market who now have everything they
require at Sanctuary Belize in order to purchase. So you build equity, while the developer builds the project.
If funds permit and investors at this stage are able to construct a property on their block, then the profit potential increases
even further because not only can you take advantage in the uplift caused by the completion of facilities, the general market
appreciation, and the scarcity of product for the exit target market but you can also benefit from the premium that buyers pay
for completed, turn key homes over new-build projects.
Sanctuary Belize affords a fantastic opportunity for canny investors to secure their future by getting in at an early stage of the
development. These opportunities are rare as this is normally part of the developer’s profit, but in a development of this scale,
this option is available to individual investors. This in many ways is a once in a lifetime opportunity to invest in what is sure
to be the most expensive and luxurious development anywhere in Belize, and a focal point for affluent travelers, retirees and
holiday makers throughout the Caribbean. Or perhaps, you’d like to retain the property and keep your own piece of paradise
for yourself?
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Development Team
W W W. S A N C T U A RY B E L I Z E . C O M
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In comparison to many Central American and even Caribbean countries, Belize is a dream in regard to property ownership.
Firstly, there are no restrictions against foreigners owning property. Second, due to its being based in Common Law traditions,
land is conveyed with clear title. Third, the contracts are in English.
Stamp Duty applies to all but the first US$10,000 of the sales price at the rate of 5% (the first US$10,000 is exempt). This is paid
at the time of transfer of the title. Previously this tax was 15% for foreigners and, needless to say, it was sometimes a deal
break for potential investors. In an attempt to keep property purchase attainable the government has very low property taxes.
It is based on a valuation of the land price, but even the greatest assessment (within half a mile of water or on an island) is US
$5,000 per acre. The property owner is taxed 1% of that value.
It is not compulsory to use the services of a lawyer for conveyancing as the title deeds are issued directly from the Belizean
Government but should you wish to do so the following lawyers come with high recommendation (Lawyers generally charge
between 2 and 3% of the sale price):
Ryan J Wrobel
Wrobel & Co, Attorneys at Law
15 F Street
PO Box 420
Belize City
Ph. +501 223 1013
Website: www.britishhonduras.bz
Denise Courtenay
Courtenay Coye LLP
15 A Street
PO Box 234
Kings Park
Belize City
Ph. +501 223 1476
Website: www.courtenaycoye.com
Jose Cardona
Cardona and Co
4194 Constitution Dr
Capital Garden Plaza
Belmopan
Ph. +501 822 1346
Tania M Moody
Barrow and Williams
99 Albert Street
PO Box 617
Belize City
Ph. +501 227 5280
Website: www.barrowandwilliams.com
Therefore an indication of the total costs of purchase is indicated below:
Sale Price:! !
!
!
!
!
Attorney’s Fees (2.5%):! !
!
!
Stamp Duty (150k - 10k = 140k @ 5%):!
Annual Property Tax ($5,000 per acre 1%):!
$150,000
$3,750
$7,000
$25
Total:!!
$160,775
!
!
!
!
!
This example assumes a block of 1 acre purchased for $150,000, using a lawyer charging 2.5%. These figures are intended as a guide only and will vary
depending on the block purchased, what if any legal representation is used, and when title is passed to the investor.
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The current jetty at Sanctuary Belize looking out to the sunrise over the Caribbean Sea
Tax Climate
A key consideration for a direct investment or development opportunity in Belize is the country’s tax climate. Belize has long
been regarded as one of the T-7 Tax Havens and it is for this very reason that it is such an attractive option for investors.
With the recent world-wide economic downturn, many investors are looking to internationalize their finances and their
portfolios for both tax and asset protection reasons. Belize offers a legitimate path to investors seeking to cover both of these
bases.
Belize is an attractive, no-tax haven with progressive corporate legislation. As mentioned earlier, once a British colony, Belize
gained its independence in 1981. Belize has been aggressively promoting itself as an international financial center, and the
outlook remains strong. There is strict bank secrecy and there are no treaties or agreements with the United States or other
international organizations.
The Supreme Court defends its laws and protects depositors against outside attacks. Belize has opposed signing a Tax
Information Exchange Agreement (TIEA) with the United States and there are many more features as to why it rates so highly
as an off-shore financial center.
This business-friendly haven offers a wide variety of off-shore financial services, and some forthcoming off-shore legislation
will allow Belize to expand into a completely independent off-shore financial center providing many more services. Belize is
an excellent off-shore e-commerce base, and has one of the strongest asset protection trust laws anywhere.
Belize’s Qualified Retirement Program
From a sales perspective to prospective off-shore buyers, The Qualified Retirement Program (QRP) is a key marketing strategy
that needs to be incorporated. Qualification is easy and relatively inexpensive.
Income on local employment by foreign residents is taxed at 25%--however, the first $10,000 annually is exempt. You would
need to live in Belize at least 183 days or more in a calendar year to qualify as a resident. Non-residents would not be entitled
to the exemption, but there are still excellent ways to earn money tax-free.
Foreign earned income is exempt from personal and business taxes. Income can also be earned tax-free while residing in
Belize simply by having your own Belize International Business Company (IBC). Pension income is also exempt from income
tax, making Belize financially attractive in many ways for expatriates from North America and elsewhere.
With the QRP status, new residents can import personal effects and household belongings free of duty and taxes, including a
new car, boat and airplane, every five years.
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The temporary meeting room at Sanctuary Belize’s Private Island
Banking - Local
Belize has five commercial banks, not including offshore banks. Three are based in Belize – Alliance Bank, Belize Bank and
Atlantic Bank — and two, First Caribbean Bank (formerly Barclays) and ScotiaBank, are large multinational banks with
branches in Belize. The local banks are small, about the size of a small-town local bank or savings and loan in the U.S. Belize
also has several credit unions and small mortgage lending institutions.
Most expats find that banking is a little different in Belize. The banks usually will ask for references, including a letter from
your former bank. Commercial banks in most cases also require that you have official residency status of some sort before you
can open bank accounts (the offshore banks in Belize are just the opposite – you can’t be a citizen or resident and bank there.)
Many bank offices have modern conveniences such as ATM machines, and accept American-issued ATM cards.
Financing for real estate acquisitions is available in Belize however rates will be higher than generally excepted rates one
would find in the USA. Interest rates can vary, however they are usually between 10% - 14%. The upside is that by comparison
to other countries which do not, Belize does provide financing which will be attractive to non- resident borrowers such as US
citizens.
Banking - Offshore
In addition to commercial banks in Belize serving local customers, Belize has developed a small but growing community of
off-shore banks. These off-shore banks were authorized by the Banks and Financial Institutions Act, 1995, and the introduction
of the Off-shore Banking Act, 1996, and the Money Laundering (Prevention) Act, 1996. By law they cannot serve customers
who are citizens of, or legal residents of Belize.
The 1995 legislation defines off-shore banking as “receiving, borrowing or taking up foreign money exclusively from nonresidents at interest or otherwise on current account, savings account, term deposit or other similar account and which
according and subject to arrangement is repayable on the check, draft, order, authority or similar instrument of the customer,
and investing the foreign money so received by lending, giving credit or otherwise exclusively to non-residents; or carrying on
exclusively with non-residents such other activities as are customarily related or ancillary to offshore banking.”
Several off-shore banks are in operation in Belize. These banks are regulated by the Belize Central Bank, have physical offices
in Belize and offer various services including international debit and credit cards and, savings and time deposit accounts.
Accounts maintained with these banks are not subject to local taxes or exchange control restrictions. International banks tout
their privacy for their customers, although if the Belize courts find that funds in the banks are proceeds of crime the banks are
required to release the identity of the account owner.
Funds are transferred into and out of Belize in foreign currencies with no conversion to Belize dollars taking place. However,
these banks are prohibited from doing business with Belize citizens or official residents.
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Sustainable
Investing
Sanctuary Belize is
working together with the
local population to ensure
the development benefits
not only the local people
but also the environment.
Developed
in
a
collaborative
partnership with the Sittee River
Wildlife Reserve, Sanctuary Belize is a
rare example of a progressive,
environmentally forward development
designed for people as passionate as we
are about preserving the beautiful
environments they inhabit. In creating
Sanctuary Belize, we wanted to make
the dream of property ownership in a
Caribbean paradise an affordable reality
for all. At the same time, we are
committed
to
developing
our
community
responsibly
and
respectfully, with as minimal impact to
the natural surroundings and wildlife as
possible.
mission is to preserve this piece of
paradise by building high-quality resort
living while leaving behind a minimal
environmental footprint. As such, we
chose to develop only a small fraction of
the 14,000 acres, and leave six-and-a-half
of the seven miles of coastline
untouched”.
As part of this commitment, we actively
partner with architects, designers and
builders who employ green technology
innovations that are ecologically sound,
economically
feasible,
and
environmentally
appropriate.
Our
mission is to offer our buyers homes
and home sites that are as beautiful as
the natural world that embraces them.
And to build high-quality living
Sanctuary Belize land developer and environments that enhance quality of
lifetime Belizean John Usher adds: “Our life, generate a return on investment,
while leave behind a small footprint. We
invite you to share our vision to
preserve paradise.
Positive impacts of the proposed
development include an increase in
employment opportunities equivalent to
more than 550 permanent jobs, and net
foreign exchange earnings in excess of
US $ 2 M per year at full development.
Other positive impacts of the proposed
development will be realized from
Dolphin
Development
Company’s
endowment of more than 84 % of the
combined Regalia & All Pines Estates
land resources to the Sittee River
Wildlife Reserve’s conservation trust,
which will insure protection of these
Estate’s
ecosystems
&
wildlife
populations for future generations.
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Acquaint yourself with enchanting Belize with the Discover Belize Tour run once a month for you to explore the area and
evaluate the opportunity offered by Sanctuary Belize first hand. Below you will find an itinerary for the Discover Belize Tour.
FRIDAY
Flight from Belize International Airport to Placencia
Airport Transfer from Placencia to Placencia Hotel
Welcome Reception and Cocktails at Placencia Hotel
Dinner at Placencia Hotel Restaurant
SATURDAY
Breakfast at Placencia Hotel Restaurant
Project and Development Overview
Lunch on the beach
Property Tour of Sanctuary Belize
Boat tour of Sapodilla Lagoon and Sittee River
Dinner at Placencia Hotel
SUNDAY
Breakfast at Placencia Hotel Restaurant
Guest Speakers
Development presentation - Sanctuary Belize
Lunch on Sanctuary Belize’s private island
Guest activities: fishing, boating, swimming, kayaking, ATV’s, horseback riding
Developer’s dinner at Placencia Hotel with Sittee River Wildlife Reserve Chairman, Mr John Usher
MONDAY
Breakfast at Placencia Hotel
Individual lot tours at Sanctuary Belize
Lunch on property
Meeting with principals and guest activities
TUESDAY
Breakfast at Placencia Hotel
General question and answer session
Airport transfer from Placencia Hotel to Placencia
Flight from Placencia Airport to Belize International Airport for departure
COST: $799 per person or $999 per couple - Satisfaction Guaranteed!
Package includes: all meals, welcome reception and cocktail party, accommodations, local Belize flights and transfers,
activities and taxes. In addition, the cost of flights from Europe to Belize can be covered by the developer in some
circumstances. Contact your agent to enquire about the next tour and to book your place.
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Sanctuary Belize offers an exceptional selection of rare homes, in one of the world’s rarest natural environments. Whether
you’ve imagined yourself on the lanai of a Polynesian bungalow, or walking the grounds of your grand estate, you’ll find the
home of your dreams is an affordable reality. Select from an array of homes ranging from 1,500 square feet to over 5,000 square
feet, each one featuring environmentally progressive architecture and home technologies. Or work with the architect of your
choice, including the developers, to create the custom home you’ve always envisioned.
All construction must first be approved by the Sanctuary Belize construction board with respect to the design of the property
to ensure that all homes within Sanctuary Belize are sympathetic to their surroundings and in keeping with the luxury
development.
If you wish to construct a home on your plot of land for yourself then the developer is on hand to guide you through every
step of the process. Either choose from one of their design templates (some examples shown in following pages) or custom
design your own building to blend in with the surroundings.
If you wish to construct a home to maximize your profit potential when selling to the exit target market, then one of the predesigned properties could be ideal. The construction can be completed by numerous recommended builders and project
managed by the developer, ensuring that someone is on site at all times to ensure that construction of your investment goes as
smoothly as possible. Construction prices start from around $150 per square foot and rise depending on the complexity of
design, standard of finish etc.
Many of the pre-designed home options are currently under construction or completed within Sanctuary Belize currently so if
you want to know what the building will ultimately look like, then why not come on one of the organized inspection trips and
visualize your dream come true.
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Authorized Sales Agent
This document was produced by Worldwide Property Link Ltd. The information contained herein has been provided by third party sources, where referenced
and using information supplied to Worldwide Property Link Ltd by the developer of the project(s). Worldwide Property Link Ltd takes no responsibility for
information that has been supplied to them that at a later date is shown to be inaccurate or incorrect. The recipient of this document acknowledges that
Worldwide Property Link Ltd is not obliged to conduct any independent investigations to verify the accuracy of the property information supplied to them
by the developer. Worldwide Property Link Ltd accepts no liability in relation to the content of such property information to include without limitation
liability arising under the Property Misdescriptions Act 1991. All such liability rests with the principal. Whilst considerable care has been taken to ensure the
information contained herein is accurate and up-to-date, no warranty is given as to the accuracy or completeness of any information and Worldwide Property
Link Ltd cannot be deemed liable for errors or omissions in such information. This document holds no contractual value. This investment guide has been
prepared to provide general information only, and as such, the specific needs, investment objectives or financial situation of any recipient of this document
have not been taken into consideration. Each individual user should obtain advice from their own financial planner or advisor before acting on any
information provided within this document. Worldwide Property Link Ltd is a real estate marketing company and as such is not regulated by the UK or other
Financial Services Authority. This document contains confidential information for exclusive use of the intended recipient. If you are not an intended recipient,
please contact Worldwide Property Link Ltd immediately at [email protected]. Pricing and dates within this document are correct at the time
of publication and are subject to change without notice. This document may contain forward-looking statements. These forward-looking statements can
generally be identified as such because the context of the statement will include words such as plans, expects, should, believes, anticipates or words of similar
import. Members, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current
information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set
forth or implied by the forward-looking statements. These forward-looking statements are only made as of the date of this Investment Guide and Worldwide
Property Link Ltd does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Recipients are reminded that investments can carry an element of risk and past real estate performance is not always a reliable indication of future
performance. This document and information contained herein may not be duplicated or disseminated without the express written consent of Worldwide
Property Link Ltd. Breach of this will result in legal proceedings to claim damages up to £20,000.00. Any unauthorized use is strictly prohibited. All rights
42

Sanctuary Belize Investment Guide V2

Transcription

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