In spite of rising interest rates, more and more of you have been reaching out for Information about Belize Real Estate and how the buying process works here on the island. I thought it would be a perfect time to adjust and adapt this previously sent blog so we can keep you up to date on how the buyer and closing process works. 

As most of you know and have read, Belize is an all-cash market with very little available with regards to Seller Financing. What we’ve been seeing a lot lately is our clients moving a lot of their investments out of the traditional stock and crypto markets and placing them in more secure real estate investments oversees. Real Estate Markets like the Caribbean and especially Belize, being an emerging location within Central America and The Caribbean, have historically shown significant growth in value or at worst, maintained their high value throughout the years. Our clients are blessed to be able to use their investments year round and also take advantage of rental returns that their condo or home accrues quarterly.

Like in North America, there is a process. Over the years we at RE/MAX Island Real Estate have been leaders - and if we can use a fancy word - Trail Blazers, in stream lining the process for our clients and friends. We secured services from trained and licensed professionals so that our investors can feel the same ease as they would if they were buying back home - albeit usually with better views on the island. Here’s how it usually works with us.

​We’re gonna skip past the sexy part. We connected and we’ve exchanged dozens and dozens of emails, WhatsApp messages and we put a shortlist together. You got to ride around on a golf cart with me and you’ve laughed at my dad jokes. You probably met Kirian and Liliana, danced to a few Tik Toks they created for our properties, seen what you need to see and you're ready. Now, we’ve found the one that fits. We were patient and now the wife is happy. We found it! What happens next?

The first step would be to draft an offer or purchase. We gather the legal description that’s on the title and put it on a RE/MAX sales agreement and add your legal names as the buyers. We submit that offer to the selling side and then I take a bat and hit them on the knee caps until they sign. Just kidding. I hit them on the shins.

Once terms and price point have been agreed upon the first thing we do is we high five obviously, but then we would request 2 IDs (Bio Data Passport Page & Drivers License from you or all parties that are to assume ownership. I’m not sure if a Sam’s Club card will work). The Government of Belize requires this for proof of person and residency.

​How do you choose to take title? The recommendation is to take title in a Belize Chapter 250 Corporation (our version of what you guys call an LLC). This reduces the Stamp Tax (Transfer Fee) from 8 to 5% as well as provides limited liability protection and serves as your holding company. The lawyer we recommend has a list of ready to go corps we recommend assuming to save time. A US Trust can be the director and shareholder of the Belize Corporation but would  need to be registered to do business in Belize. The title company does that on your behalf in simultaneously with closing. This cost is reflected on the 1.5% approximate legal fees.

Another advantage of the Belize Corp is that you can open a Belize Dollar bank account. This process has to wait until you legally own the property but we connect you with the bank so they share their list of documents needed to open a bank account. It will feel like they ask for everything including DNA samples but in the end a lot of my clients feel it’s worth it.

If title is already held in a holding company or Belize Chapter 250, then no stamp taxes or transfer fees apply (depending on how the seller structured the share capital). The only fee would be 1.5% legal fees plus the transfer of shares and directorship which would be approximately 1%. The title company performs a full title and corporate search and offers an opinion with the end findings to guarantee marketable title and that the corporation has no liability and has done no business but act as a holding company for the property. In certain situations and because the corp name cannot be changed, we do end up with some pretty cool and sometimes some pretty unique names. Imagine taking ownership of Cheeseburgers In Paradise Limited or the coolest one I’ve seen is Casa Sin Pantalones Limited.

​Home Inspections cost $600.00 and are recommended on all purchases. If you meet a Real Estate Professional that tries to tell you it’s not common, tell him this is not 2016! We hire a civil engineer and he flies down to perform the inspection and within 72 hours has a full report and recommendation back. These are all rentable units so the aesthetic stuff isn’t really what we are looking for. The major issues we try and see out are appliances, HVAC, electrical and of course Structural Integrity. Resurveys for undeveloped land or private homes range between $550.00 to $1900.00 depending on size of lot. Again, we get a professional licensed surveyor to carry out the resurvey and we usually have it back between 48-72 hours. Mr Gillete is great :)

Closings typically take 30/45 days however I always add an additional 15/30 day extension on all my contracts to purchase. The Belize Government requires wet signatures on all transfer of land documents submitted to the lands department so FedEx or DHL is required to send originals to buyer and seller of signatures and notarizations.

This is meant to be a short read. We use a couple of trusted Real Estate Lawyers like Arguelles & Co. & Arthurs & Balderamos because they focus primarily on Real Estate Law and give our clients first class service but also because they have a US based escrow account so earnest monies are held in a bank in the United States.

That gives my clients just a little bit more comfort when sending earnest funds and it can be confirmed as received within 24 hours as opposed to 7 business days if sent out of country from US to Belize.

The closing agent is your legal representative so he works for you alongside me. Monies are only dispersed to seller once he confirms that all the required documents for a safe and guaranteed transfer can occur and he only disperses funds with your authorization and permission. Emil & Saidi have been god sends throughout these busy times. Once funds are disbursed, Emil and his team have already submitted the required documentation to the Lands Department and Companies Registry and we can now track the submission with the LRS number issued. Easy right?

The blabbing or blogging ends here. At this point we have everything moving on cruise control and the only thing we then wait for is the title to be returned to the closing agent. That is a whole other blog post. Although you have ownership and possession of the property, the physical title turn around time if expedited is between 9-12 weeks. It's Island Time.

Thank you again for making it all the way down here on this written blog and for allowing me to help share more information about Belize.

Have a great day!

You can contact Kristian P Guerrero and see her listings here. 

Images are all licensed from Canva. 

Portugal has long been a popular destination for expatriates and retirees looking to enjoy a high quality of life in a beautiful and welcoming country. One of the key attractions for many is the Non-Habitual Residents (NHR) tax regime, which offers significant tax benefits for individuals relocating to Portugal.

However, in a recently televised interview with CNN Portugal, the prime minister of Portugal, Antonio Costa,  announced that he plans to end Portugal's popular NHR scheme. The recent Portuguese budget proposal in October 2023 further confirmed that it is Portugal's intention to end the regime at the end of 2023. This decision is expected to have a significant impact on those who have already taken advantage of the NHR program, as well as those considering a move to Portugal in the future.

​The NHR tax regime (Non-Habitual Residents) in Portugal allows qualifying  professionals, retirees and high net worth individuals to benefit from a 20% flat rate of tax on Portuguese-source income. Many foreigners who planned to move to Portugal at the beginning of 2024 are understandably upset by the short notice of this news. John, a user comment from a popular Facebook group, stated the following:

​For individuals who are considering a move to Portugal, this announcement may influence their decision to relocate. The removal of this significant tax benefit may make other countries with more favorable tax regimes more appealing. Spain, for example, also has a similar tax regime, where  NHRs are taxed at a flat rate of 24%. Spain may become an attractive alternate option to those who were considering a move to Portugal. 

The Non-Habitual Resident (NHR) tax regime was introduced by the Portuguese government in 2009 with the aim of attracting wealthy individuals and retirees to Portugal. Under this regime, qualified individuals who become tax residents in Portugal enjoy several tax benefits, including:

1. Tax exemption on foreign income: NHRs are exempt from paying taxes on certain types of foreign income, including pensions, rental income, and capital gains, for a period of 10 years.
2. Reduced tax rates on Portuguese income: NHRs benefit from reduced tax rates on income earned in Portugal, particularly for high-value professions such as engineering, finance, and technology.
3. Wealth tax exemption: NHRs are exempt from paying wealth tax in Portugal, making it an attractive option for individuals with substantial assets.

The government of Portugal and the Prime Minister has cited several reasons for the decision to end the NHR tax regime. Primarily, the move is seen as an effort to address growing concerns about tax avoidance and wealth inequality. Critics argue that the NHR regime disproportionately benefits the wealthy, allowing them to pay little or no tax on their income and assets.

Additionally, the Portuguese government aims to streamline the tax system by removing the complexities associated with the NHR regime. Ending the program would foster greater tax equity among residents and ensure a fairer distribution of the tax burden.

There is still time to apply, for some people, even if the NHR regime ends at the end of 2023. According to the budget proposal, NHR ends on December 31, 2023. People who meet certain conditions on or before that date should still be able to apply before March 31, 2024.

For those who want to benefit from the NHR regime, it is essential to seek professional advice as soon as possible. There are many Portuguese attorneys that offer this type of legal and immigration service. Given that the changes will come into effect in 2024, individuals still have some limited time to evaluate their options and make the necessary adjustments to their financial plans. 

It is also important to note that while the NHR regime is set to end, Portugal still offers many other advantages as a place for residency or retirement. These include a favorable climate, affordable cost of living, excellent healthcare, and a high standard of living. Individuals should consider these factors alongside the changes to the tax regime when making their decisions.

The Portuguese government's decision to end the Non-Habitual Residents (NHR) tax regime in 2024 will undoubtedly have a significant impact on individuals who have already taken advantage of the program and those considering a move to Portugal.

​The move is seen as an effort to address tax avoidance and promote greater tax equity among residents. While the changes may present challenges for NHRs, Portugal still offers many appealing qualities that make it an attractive destination for residency or retirement. Seeking professional advice and considering alternative tax planning strategies are advisable to navigate the new tax landscape.

​Bacalar, Mexico is a perfect family-friendly destination that offers an amazing array of activities for adults and kids. To make your family trip truly successful, it is important to plan activities that cater to the interests and needs of your children. We have three kids of varying ages (17, 10, and 8 years old) so we wanted to make sure we chose activities that would be fun and engaging for all of them!

Av 1 & Calle 28, Centro, 77930 
Bacalar, Quintana Roo, Mexico
+52 983 131 6427
Facebook Page for Balneario ejidal Mágico Bacalar

Balneario Ejidal Magico Bacalar is a fun beach club and full-service restaurant and bar that lies on the  shores of the Bacalar Lagoon. They charge a small amount for parking (about 30 pesos) and they charge entry to the beach club, which is also affordable. The beach club stretches far alongside the lagoon, and kids can play, swim  while parents can enjoy eating, drinking, and sunbathing. The club restaurant offers traditional Mexican dishes, including ceviche, and usually has live music or a DJ for entertainment. 

There are water slides, swings, hammocks, diving platforms, etc, as well as little shops to rent life vests or buy floatation devices and other things, so don't worry if you forget your water shoes or sunblock. It's an affordable and good place to enjoy a day at the lagoon, don't expect anything super-fancy, but the kids will enjoy their day and you won't break your wallet!

It is imperative to bring towels and a change of clothes for the whole family. There are bathrooms and changing rooms for men and women.

Tip: It is advisable not to leave any valuable personal belongings unattended!

Av 3, Centro, 77930 Bacalar, Q.R., Mexico
TripAdvisor Listing for the Fort of San Felipe

Fuerte de San Felipe de Bacalar (Fort of San Felipe of Bacalar) is a Spanish fortress that is located in  Bacalar, Mexico. Visiting the Fort of San Felipe is an exciting way of introducing children to Mexico’s rich history. The fort was constructed by the Spanish military in 1729 to protect Bacalar from pirate attacks. Children will be fascinated by the cannons, pictures, and the architecture of the fort.

The Fort of San Felipe is open daily and cost to enter is 50 pesos per person (about $3 USD). It is located in the town center and can be easily reached walking or by bike. The best time to visit the fort is in the early morning or late afternoon to avoid the intense sun. Wear comfortable shoes for walking over the uneven surfaces of the ruins. The fort is a fantastic spot for a photo op with a traditional Mexican background.

Carr. Federal 307 Chetumal - Cancun Km 34, Bacalar 77930 México
+52 983 119 9948
Facebook Page for Cenote Azul

We went to the ​Cenote Azul and the Cenote Azul Restaurant (they are basically the same place) twice on this trip. By the second trip, our teenage son was trying to charm some local girls by diving into the Cenote head first!

The Cenote Azul is a natural sinkhole with crystal-clear water. It offers an extraordinary experience for families. Children can snorkel, swim, and learn about different fish species, while parents can lounge around and enjoy the beauty of the cenote. There is a full restaurant and bar. Sometimes they will have live music, but generally only on weekends. My wife ordered a cappuccino after lunch and said it was one of the best she had ever had. 

Cenote Azul is located on the outskirts of Bacalar, and it is best to get there by car. Admission costs about 30 MXN per person, and snorkelling equipment and life vests can be rented by the hour.

It is essential to follow the instructions of the cenote staff, avoid touching any marine creatures and, limit the exploration to the indicated areas. You can bring your snorkelling gear or rent one at the venue. ​

Kayaking in the Lagoon of Seven Colors is an exceptional experience for the whole family. The crystal-clear water and the beautiful natural surroundings of the lagoon are stunning and peaceful. The activity is safe for kids and also an opportunity to introduce them to a waterborne sport. Kayaking trips can be booked through several companies located around the lagoon. Most of the tours are around two hours, cost 200 pesos per person (about $10 USD at current exchange rates).

​Life jackets should always be provided by the tour company! It is advisable to bring water, sunscreen, and wear comfortable clothes, longer sleeves helps prevent chafing from the life jackets (it happened to our daughter, lesson learned!). You can also bring an underwater camera or rent one to capture the beautiful views during kayaking.

Exploring the town of Bacalar is an opportunity to know and explore rural Mexican culture in a beautiful setting. Bacalar, Mexico offers an amazing array of activities for families to experience together. From kayaking in the Lagoon of Seven Colors to enjoying the colors and flavors of hundreds of shops and restaurants, Bacalar has something for everyone.

​We hope this guide has been informative and helpful in your planning, and we encourage you to experience the magic of Bacalar with your children!

Contact Information:
+52 983 177 7827
Calle 26, Avenida 3 y 5, Mario Villanueva Madrid, 77935 Bacalar, Q.R.
Facebook Page for Ixchel Bacalar

Ixchel Bacalar: This was our favorite breakfast spot on this trip. The food was great every single time, and even our pickiest kid found something on the menu that she liked. Lots of healthy food options and free parking on the side of the restaurant, this restaurant offers an impressive breakfast menu. There are lunch and brunch options, as well. We had excellent toasted sandwiches which were delicious with marble toast (pictured below). Try them if you want a hearty breakfast option that will keep you going all day. 

​These are some of the best breakfast restaurants in Bacalar, Mexico. Make sure to give them a try if you're in town and looking for a delicious start to your day!

Address: Calle 18 Avenida 5, Bacalar 77930 Mexico
+52 1 983 210 1296
Facebook Page for Enamora Bacalar

Currently serving breakfast at any time of the day. Enamora Bacalar specializes in making great breakfasts. Our family ate here several times and the food and service was great. Great salads and sandwiches, too. The drinks are fresh and healthy, we tried the juices and the chia drinks. The outdoor seating is great, you won't feel stuffy and you can enjoy your freshly-squeezed juice in the morning breeze. 

Calle 22 Av 3 y 5 Col. centro, frente al parque principal, Bacalar 77930 Mexico
+52 55 47758685
​Website for Meztizos Cocina

We only visited Mestizos once, it was very busy so we had to wait a while to be seated. You may want to try during the week if you are in a hurry. It's a lovely place with a great atmosphere and delicious fresh Mexican food. We got breakfast, juice and coffee. The menu has a wide variety of great food served in the traditional style. 

Chetumal is the often-overlooked capital city of the Mexican state of Quintana Roo. The up-and-coming touristic destination of Bacalar, is 24 miles away, and often draws tourists straight from the airport, but don't miss out on Chetumal's fun places and great food!

Chetumal offers several budget-friendly activities for families. Chetumal has many attractive sights and things to do, tons of wonderful restaurants of all price points (from tiny taquerias to fancy fine dining locations), plus a beautiful bay and literally hundreds of off-the-beaten path swimming spots that your kids will love (our kids did!). 

​As for the weather, we visited in July this year. The nights are usually pleasant and you can enjoy a comfortable breeze if you are close to the bay, even in the summer. If it starts to rain, it usually only lasts a few minutes. Although it is hot during the day, the nights are very nice. The best thing to do in the daytime is swim! We rented a small car and found multiple swimming spots just by driving around. Many spots have an attached restaurant where you can buy drinks and food, but they will often just rent a table for a nominal amount, and people often bring their own food.

The little swimming spot in a small village about 10 minutes outside of the main city of Chetumal. Parking and the entry fee cost less than 200 pesos for all of us (small children enter free, so our youngest was free) and although they did not offer food, we bought some bottled water, chips and snacks from a nearby convenience store and brought that in with us. The kids loved it! There were tons of other children there, (mostly locals) and we spent the entire afternoon there and it cost us less than $30 for the parking, snacks and drinks. 

The second picture is a swimming spot is in Laguna Guerrero, also very close by. Dozens of these little swimming spots can be found all around the region. 

Chetumal offers affordable options for accommodation and dining, so you can make the most of your budget while enjoying all that the city has to offer. We were able to find Airbnbs for less than $50 a night, although if you want a view of the bay, expect to pay significantly more. Make sure that whatever place you decide to rent has A/C as well as a place to park, if you decide to rent a car, which we recommend if you want to explore this bustling capital city. 

We suggest you visit the Chetumal Malecon (the main Boardwalk) in the warm summer evening. Take a stroll along the Malecon de la Bahia, the boardwalk in Chetumal, to enjoy the beautiful waterfront views and experience local culture. You'll find various monuments and sculptures along the way, showcasing the city's heritage.

On the evenings and weekends, the main plaza is filled with little food stands, jumping houses, rides, and other games for small children. Dozens of vendors sell all types of things: toys, food, ice cream, pastries, etc. ​

There are also tons of restaurants, cafes, and shops, for any budget! Don't be afraid to explore! These are just a few of the fun activities and experiences you can enjoy while exploring Chetumal, Mexico. We hope you have have a great time!

Have you ever dreamed of escaping to a tranquil beach town away from the hustle and bustle of tourist-filled destinations? Look no further than Sisal, Yucatan. Located on the stunning Yucatan Peninsula in Mexico, Sisal offers an authentic and relaxing experience for travelers seeking a true getaway. In this blog post, we will uncover the hidden gems of Sisal and why it should be on your travel bucket list.

​Before we delve into the present-day charms of Sisal, it's essential to understand its rich history. Sisal was once the main port for Mérida, the capital of Yucatan. It thrived during the 19th century as an exporter of henequen, a fiber used in making ropes and handicrafts. Although Sisal's glory days as a commercial port have faded, the remnants of its illustrious past can still be explored throughout the town.

​Sisal is blessed with pristine beaches and breathtaking natural landscapes that will leave you in awe. As you wander along the shores of the Gulf of Mexico, you'll be greeted by glistening turquoise waters and powdery white sand. The tranquil atmosphere invites visitors to unwind and soak up the sun. For nature enthusiasts, Sisal also offers the opportunity to discover abundant wildlife in nearby nature reserves and mangrove forests.

One of the highlights of visiting Sisal is exploring its charming town center. Stroll through the cobblestone streets and marvel at the well-preserved colonial architecture. The main square, or zócalo, is the heart of the town, where you can relax on benches under the shade of ancient trees. Don't forget to visit the San Francisco de Asis Church, a testament to Sisal's cultural heritage.

Sisal is a haven for water sport enthusiasts. Whether you are into fishing, kayaking, or paddleboarding, the calm waters of Sisal offer the perfect playground for your aquatic adventures. The town also serves as a gateway to the famous Ria Celestun Biosphere Reserve, where you can witness thousands of flamingos in their natural habitat.

No visit to Sisal is complete without indulging in the flavors of Yucatecan cuisine. From delicious seafood dishes to traditional Yucatecan specialties like cochinita pibil, the local cuisine will tantalize your taste buds. Don't forget to try the refreshing local drink, called "khool," made from the green, naturally fermented henequen. Savoring these culinary delights is an essential part of immersing yourself in the local culture. We had some of the best ceviche EVER in downtown Sisal! 

Getting to Sisal is relatively easy. The town is located approximately an hour's drive west of Mérida, the capital of Yucatan. From Mérida, you can rent a car, take a taxi, or hop on a local bus to reach Sisal. Alternatively, some tour operators also offer guided day trips to Sisal. The quickest way to get from Mérida to Sisal is to taxi which costs $440 - $550 (about $25 USD at the current exchange rates)  and takes  about 45 min.

​The entire town of Sisal is walkable, and almost everything (shops, the beach, restaurants) is within walking distance of the town's center. You can also rent a car at the Merida airport if you want to explore the surrounding area, we recommend Leon Car rentals, across the street from Merida airport (do not rent from the car rental kiosks inside the airport! They will rip you off!)

​If you are seeking an off-the-beaten-path beach destination in Mexico, Sisal, Yucatan should definitely be on your radar. Its tranquil beaches, rich history, and authentic charm make it a hidden gem waiting to be discovered. Escape the crowds and immerse yourself in the natural beauty and cultural heritage of Sisal. Plan your trip today and create unforgettable memories in this tropical paradise.

​Retiring in Ixtapa, Guerrero on a budget is possible if you're willing to be flexible about how you spend your hard-earned dollars. Ixtapa has become an increasingly popular retirement destination over the past few years, and it can definitely be a great place to retire.

It's located on the Pacific coast of Mexico and offers beautiful beaches, tropical weather year-round and inexpensive food to satisfy any picky eater. The town itself has plenty of restaurants, shopping malls and other amenities for retirees who plan their budgets carefully.

It's a good idea to be prepared to do simple things like walk, take the bus and cook your own meals, just like you would in a much cheaper city. You can take walks along the beach or through town with friends and family. The ocean view is beautiful! 

​Go for bike rides around town (bikes can be rented at many places, but buying a used bike is a cheap and easy way to get transportation anywhere without having to pay for gas!). It's easy on flat streets with minimal traffic congestion because there aren't many cars in Ixtapa compared with bigger tourist cities like Cancun or Acapulco. 

Rental real estate is a great option for people who are on a budget and want to stay in Ixtapa for an extended period of time. Renting is cheaper than buying, especially if you're not sure about staying in a certain area long-term. There are also advantages to renting over buying because it allows you more flexibility with your living situation. Renting will allow for easy moves without having any long-term financial obligations attached (like paying off a mortgage). 

In addition to being affordable, many rental properties in Ixtapa are vacation condos that offer many amenities including pools and gyms which make them great options for retirees that some of the amenities of a resort but without the high price tags. A great way to find them is to check on Facebook, Airbnb, or even local real estate agents. You can also come to Ixtapa, stay at an Airbnb for a few days, then walk around downtown and look for "Se Renta" signs, there are many of them plainly visible on the street. 

You can rent an apartment in Ixtapa that’s furnished or unfurnished. Furnished rentals are relatively easy to find and usually the first choice for snowbirds and retirees that haven't made up their minds yet on the location that they would like to live in. 

If you want to save money, the best thing you can do is cook your own meals, or eat at local "family style" restaurants. There are a few ways you can do this:

1. Avoid tourist traps. If there's an expensive restaurant that seems out of place in Ixtapa, then it probably is a tourist trap. You don't want to spend money on food that costs more than what locals pay (and trust us when we say that most people who live in Mexico don't have much cash).
2. Eat at the downtown market or street vendors instead of restaurants for lunch or dinner if possible - this will cost much less than eating out at night! You'll find a great selection of local fruit, vegetables and meat at the downtown market. You should also be able to find fresh seafood on the coast if you're interested in trying something new.
3. Visit small, family-owned bakeries for breakfast instead of going out for breakfast every day - bakeries are cheap and delicious! You can get a coffee and a pastry for less than a dollar or two at most of them. 

Retiring on a budget in Ixtapa is possible if you're willing to be flexible. Consider making some small sacrifices in order to have more flexibility with your money, especially when you first decide to move.

• Do you REALLY need a beachfront condo?
• Do you REALLY need a private pool?
• Do you REALLY need to eat out every night? 

If you can do without some of these luxuries, you might find living in Ixtapa more affordable than living in most places in the U.S.! If you're willing to be flexible about how you spend your retirement money, Ixtapa is a great place to retire. You'll save money on rent and food if you choose to live in a small house away from the beach, or even an older condo, as well as budgeting wisely for food. And don't forget that there are plenty of free things to do in Ixtapa! The beautiful beachfront sunsets are 100% free! 

La Jaiba Feliz was our best find for breakfast on this trip, because it was affordable, family-friendly, and one block from the beach.

This spot has a lot of good breakfast choices, pancakes, eggs and ham, etc. as well as traditional lunch items like hamburgers and quesadillas. The omelets were good, as well as the fruit plate. The kids all got hamburgers and seemed to enjoy them. The orange juice is fresh-squeezed and they have coffee as well as other traditional drinks and foods. 

Here are some traditional breakfast dishes to try at La Jaiba Feliz: 

Pozole: Traditional pozole is made with pork, hominy, and a variety of dried chiles.  It is often served with a variety of accompaniments such as chopped onion and radish, cilantro, and lime wedges.  It is usually served in a large bowl and is meant to be shared among family and friends.

Chilaquiles: This is a popular breakfast dish in Mexico, and you can find it at many restaurants in Zihuatanejo. This dish is made from tortilla chips that are lightly fried and then simmered in a spicy tomato sauce with onions and other seasonings. They are typically topped with cheese, crema, and avocado.

Fresh Fruit, Granola, and Yogurt Plate: Zihuatanejo is known for its fresh fruits, including papayas, mangoes, and pineapples. We had a papaya and melon plate the day that we visited and it was very good. They will offer you yogurt and granola as a topping if you like. 

Overall, there are many delicious local foods to enjoy for breakfast in Zihuatanejo. Whether you prefer sweet or savory dishes, you are sure to find something to satisfy your taste buds.

Isla Ixtapa, located in the state of Guerrero in Mexico, is a beautiful and secluded island that is perfect for those looking for a peaceful and relaxing vacation. Playa Coral, one of the island’s most popular beaches, is a great place to spend vacation time with kids, and it is safe for swimming for young people (bring water shoes, though, there is coral and rocks the deeper you go and can be sharp on tender feet!).

Here are some tips on how to enjoy a fantastic family vacation in Playa Coral, Isla Ixtapa:

3. Enjoy Local Cuisine: There are plenty of restaurants on Isla Ixtapa that offer delicious local cuisine. Don't miss out on the opportunity to try fresh seafood dishes such as ceviche, grilled fish, and shrimp cocktails. We ate at several restaurants during our trip, but the best food was at Lili Cipriani, which had some of the best octopus ajillo that we have ever tasted!  The prices were reasonable for the island and we were able to pay with a card, so we could get travel points, which was nice. ​

Breaking news! 

Spain is new offering a Digital Nomad Visa, more than a year after it was first announced by the Spanish government. 

A fantastic option for those who want to work remotely from one of the most beautiful countries in Europe. As a digital nomad, Spain is an ideal destination. With its vibrant culture, stunning architecture, and beautiful beaches, it's no wonder that more and more remote workers are choosing to make Spain their base, and now almost anyone that makes a reasonable salary can apply for Spain's new digital nomad visa. 

VISA REQUIREMENTS: 

• Non-EU nationals who work remotely are eligible (i.e., freelancers or employees).
• You must earn at least €28,000+/year, (approximately €2,334 per month for a single adult) and have health insurance
• The visa term is 12 months, but it can be renewed for up to 5 years. To maintain your visa, you must not be absent from the country for over 6 months per year.

​One of the biggest draws of living and working in Spain is the affordable cost of living. Rent is reasonably priced, (especially outside the big cities) and the cost of food and transportation is also relatively low. Plus, with a great climate, you can enjoy outdoor activities all year round.
When it comes to working, Spain has a lot to offer.

The country has a fast-growing tech industry, with Barcelona and Madrid being hubs for innovation and entrepreneurship. And with a strong focus on work-life balance, it's easy to maintain a healthy lifestyle while working remotely.

Of course, there are some challenges to living and working in Spain as a digital nomad. The language barrier can be difficult to navigate, especially if you don't speak Spanish. And the bureaucracy involved in setting up a business or registering as a freelancer can be time-consuming.

But overall, Spain is a great choice for anyone looking to combine work and travel. With its beautiful scenery, affordable cost of living, and growing tech industry, it's no wonder that more and more digital nomads are choosing to call Spain home.

We get asked constantly about the most TAX-FRIENDLY state to transfer residency when you are trying to leave the U.S. (either permanently or temporarily), or in the case of RV explorers and part-time snowbirds, the best state for retirees who only want to spend a few months out of the year in one place and the rest of the year in a warmer tropical climate. 

Note: This advice is coming directly from our accountant, who also took the plunge and became a digital nomad several years ago and now works remotely year-round. This is not intended  to be legal or tax advice, just general advice that anyone can verify themselves. 

Our Accountant, Chris: If you plan to live the life of a snowbird or be a digital nomad, the best state to establish residency is Nevada. Nevada has no corporate or personal income tax as well as the best privacy laws. Nevada collects most of its revenue through sales taxes,  as well as taxes on the casino and hotel industries. Nevada is the only state that does not share information with any other state or the IRS, and Nevada is one of the few states that allows anonymous LLCs. Shareholders in a Nevada corporation can also remain completely anonymous. 

This can prevent unwanted individuals from having access to your private information, and it also cuts down on spam, unwanted mailings, and solicitations from businesses and individuals trying to sell you things when you open a new business (one of my pet peeves!).

​All the major cities in Nevada (Las Vegas, Reno, Carson City) host several popular incorporation and mail forwarding services targeted towards expats and snowbirds that make transferring residency and setting up a corporation or other entity in Nevada very easy to do. Corporations and LLCs do have to file an annual list every year, which costs several hundred dollars, but can be filed online. If you don't have a corporation or an LLC, then it is much cheaper. In Las Vegas, for example, a home-based sole proprietorship or general partnership costs nothing to set up, the business license is free. And there are no state-level tax return filings in Nevada. 

Nevada also has the benefit of several big cities and a wide range of climate and terrain. In Tahoe, you can enjoy beautiful mountains, skiing, fresh air, and the beautiful Lake Tahoe for fishing or water activities. If you like nightlife, or if you like live events, concerts, parties and gambling, there's Las Vegas. And everything in between. 

​Florida and Texas are close seconds, and preferable to Nevada in terms of climate if you want to live in the states at least part-time. Florida and Texas impose no personal state income tax, but they do have some types of franchise/corporate tax on a businesses' gross income.

Florida imposes a 5.5% corporate income tax. In Texas, businesses with $1.18 million to $10 million in annual receipts pay a franchise tax of 0.375% on their gross receipts.

Alaska isn't a bad choice, either. There's no personal income tax, but there is a corporate tax. Alaska imposes a corporate tax ranging from 0% to 9.4%, spread across ten tax brackets. 

It's also less accessible than any of the lower 48 states. Actually getting to Alaska if you need to do anything related to your residency requires a long drive and a border crossing, or an airline flight over Canada. And the harsh Alaskan winters are not for the faint of heart. But to be fair, there are many people who love Alaska's unspoiled wilderness. Plus, the summers in Alaska are rumored to be absolutely spectacular. 

Wyoming is also another good choice, from a tax perspective. This state also imposes no personal income tax, but the landscape is isolated and rather bleak, (I've driven through the whole state and there isn't much to see in Wyoming). So if you're not planning to actually live there at least part of the year, Nevada is a better choice in terms of privacy as well as tax benefits. 

Imagine a place where the sun shines almost every day, the water is crystal clear, and the locals are warm and welcoming. That place is Bacalar, Quintana Roo, Mexico.

This beautiful town is located in the lush, tropical Mexican state of Quintana Roo and offers a wonderful mix of Mexican culture and Mayan paradise. It's conveniently located about 30 minutes from the state capital, Chetumal, which hosts every store with any modern amenity you could possibly need, including Wal-Mart, Costco, and Home Depot. There are also modern, affordable hospitals in Chetumal, in case you need medical care.  

So if you're ready to say goodbye to cold winters and stressful commutes, it's time to explore retiring in Bacalar, Quintana Roo, Mexico.

If you are planning on moving to Mexico to retire, the first step is to research the different visa options and requirements. The retiree visa is a very popular choice for those who want to enjoy their golden years in Mexico. A retired couple can retire very comfortably in Mexico with an average income of about $2,500 a month, or $30,000 a year. 

For retirees who want to live in Mexico, the first stop is to visit the nearest Mexican consulate and apply for a permanent resident visa. 

 Although there are expensive hotels and pricey waterfront homes, Bacalar is a very affordable place to retire, if you manage your living expenses correctly.

Finding a home in Bacalar, Quintana Roo, Mexico is relatively easy. With a wide range of housing options available, from waterfront condos to homes in town, you're sure to find something that suits your budget and your needs. Using a service like Airbnb or Facebook marketplace, you can find short term rentals as low as $19/night. Monthly rentals range from less than $500 per month for a small studio to several thousand for an entire home near the lake. The closer you rent to the Bacalar Lagoon, the higher the price will be. 

You can choose to rent or buy and there are plenty of real estate agents in town who can help you find the perfect place. Some sample prices for a monthly rental on Airbnb are shown below. This search was for the entire month of April 2023 and it's just a sample of the range of different prices that you will see for a monthly and/or short-term rental. 

You will find a warm and welcoming Mexican community in Bacalar. The locals are friendly and generous, always willing to share their local culture with foreigners. You will be able to experience the real Mexican way of life, from the fabulous local cuisine to traditional celebrations.

Eating out is affordable and you can find fresh fruits and vegetables at the local markets. Plus, there are plenty of activities like scuba diving, horseback riding, lake tours, diving and fishing trips and more that you can enjoy while living here. 
​If you’re looking for a place to retire that offers a lower cost of living, good healthcare, and plenty of activities and amenities, Bacalar is a great choice. And with a retiree visa available to those over the age of 50, it’s easy to make the move.

1. Easy Residency for Retirees: Costa Rica's rentista visa is the perfect option for retirees looking to move to Costa Rica on a long-term basis. The rentista visa, also known as retiree visa or pensionado visa in Costa Rica, allows its holders to stay in the country with no time limit and to work without limitation.

The rentista visa can be easily obtained by demonstrating stable, passive income such as rent or dividends from stocks and bonds. The rentista visa stands out among other visas because applicants do not need to demonstrate any form of employment in Costa Rica. To apply for the rentista visa, applicants must show a secure monthly income of at least $1,500 USD plus an additional $500 USD for each dependent over the age of 18.

The rentista visa also offers several benefits to its holders, such as access to healthcare and discounts on purchases from various retailers including restaurants, hotels, and entertainment services. Additionally, rentista visa holders are eligible to apply for permanent residency after being a rentista visa holder for three consecutive years.

Applicants are required to apply for residency at the Immigration Office of Costa Rica. It is recommended that you hire an attorney to go through the application process. 

2. Low Cost of Living: One of the biggest benefits of retiring to Costa Rica is its low cost of living. With a lower cost for basic necessities like food, housing and transportation, retirees can stretch their retirement savings further than in many other countries. 

3. Great Climate and Natural Beauty: Another great benefit for those looking to retire to Costa Rica is the country's climate. With an average temperature ranging from 66°F (19°C) in San Jose up to 80°F (27°C) along the coastlines, you won't have to worry about extreme temperatures or harsh weather conditions that can be found elsewhere around the world. And the country offers any type of scenery that you might desire, from stunning beaches on both coasts and lush rainforests full of exotic wildlife – there’s something to keep you entertained and exploring year-round.

4. Affordable Health Care: For retirees considering moving abroad, one of the most important factors is access to affordable health care services and treatments; fortunately, Costa Rica has both! The country offers quality medical care at a fraction of what it would cost in other countries with some procedures costing as little as 1/10th compared with US prices!
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5. Tax Benefits: Costa Rica offers some of the most attractive tax benefits for retirees looking to move abroad. Retirees can take advantage of income tax exemptions, tax credits on insurance premiums, and other expenses that make living in the country much more affordable.

6. Friendly People: One of the great things about Costa Rica is its friendly, welcoming people. Locals are generally warm and accommodating to both locals and foreigners alike, making it a great place to meet new people and make friends.

7. Easy Accessibility by Air: Costa Rica is easy to reach via air travel with direct flights from the US and Europe to multiple destinations throughout the country. It's also easy to travel within Costa Rica with a variety of transportation options such as domestic airlines, ferries, and buses. The cheapest month to fly to Costa Rica is January, but affordable flights can be obtained year-round if you book in advance. There are many non-stop flight options to Costa Rica from major cities in the United States. British Airways has also recently launched direct flights from London (LGW) to San Jose (SJO).

8. Central Location: Another great advantage of retiring in Costa Rica is its central location. From here you can easily explore other countries in Central America or take a quick trip to North America or Europe when you need a change of scenery.

9. Low Crime Rate: One of the biggest concerns for retirees looking to move abroad is safety and security – luckily Costa Rica has one of the lowest crime rates in Latin America. Costa Rica has a strong social safety net, an emphasis on education, and a commitment to democracy and the rule of law. 

Costa Rica has historically had one of the lowest homicide rates in the world, with only 4.7 murders per 100,000 people. This is a marked contrast to other Central American countries like Nicaragua and Honduras, which had homicide rates of 10.6 and 42.8, respectively. According to data from UN-Habitat, the country has a rate of only 7 violent assaults per 100,000 people. This is far lower than other Central American countries like Guatemala (50) and El Salvador (69). 

The country also benefits from its geographic location; Costa Rica is surrounded by the Pacific Ocean and Caribbean Sea, which can make it difficult for criminals to enter or leave the country. The country’s national police force is well-regarded and very effective at keeping crime rates low. 

10. Stable Economy: Costa Rica has a stable economy and is one of the most affluent countries in Central America. The currency is strong, making it easy to budget for living expenses and plan for your future. Plus, you can count on the government to remain financially solvent so you never have to worry about your investments or savings.
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Costa Rica is an amazing destination for retirees who are looking to make a new home abroad; with its low cost of living, great climate, affordable health care and tax benefits – it's the perfect place to start your life anew. Plus, its stunning natural beauty and friendly people will help you feel right at home!

Those looking to move their lives somewhere else without all the hustle and bustle and severe temperatures of Canadian or Northern U.S. winters, Panama may be one of the best destinations to relocate.

With its warm climate, welcoming culture, and low costs of living, this Central American nation is quickly becoming one of the most popular expat destinations in the world. 

Another big benefit of Panama is its location. Situated at the crossroads of Central America and South America, Panama is an excellent base for exploring both regions. You can easily travel to Costa Rica, Mexico, Colombia, and other nearby countries. And with its highly developed infrastructure, getting around Panama is a breeze.

Panama is a great place for entrepreneurs and business owners. The country has a strong economy and a friendly business environment. English is widely spoken, and there are plenty of co-working spaces and other resources for digital nomads.

Every year a growing number of so-called snowbirds embark on their journey southward towards Panama in search of adventure and a different lifestyle. From applying for the dizzying array of different visas available, and physical relocation of your possessions, the process can be daunting; however there are many services available that take the stress off would-be expats looking to start a new chapter in Panama. 

Several key benefits make relocating to Panama an attractive option for more and more expats. ​The country's vibrant culture, stunning scenery, and abundance of opportunities make it an ideal destination for anyone looking to live their best life! So if you're ready for more sun and sand in your future, read on!

In Panama, you can enjoy beautiful beaches, rich culture, and delicious food—without breaking the bank. In Panama, you can get more bang for your buck!

​There are many reasons why retirees might choose to move to Panama. Perhaps the most obvious benefit is the country's warm weather, which makes it a pleasant place to spend one's golden years. In addition, Panama is a very affordable place to live, with a cost of living that is much lower than in most other developed countries. This includes both living expenses and healthcare costs, which are often a major concern for retirees.

Panama has a much lower cost of living without sacrificing on quality or standard of living. Prices for housing, groceries, transportation and other amenities are significantly cheaper in Panama compared to the United States, Canada, and most of Europe. ​​

Panama also offers a wealth of activities and amenities that expats can enjoy. The country is home to beautiful beaches and rain forests, providing plenty of opportunities for outdoor recreation.

If you prefer city life, Panama City is a vibrant and cosmopolitan city with plenty of restaurants, theaters, and other cultural attractions. And thanks to Panama's strong economy, expats (especially retirees) can feel confident that their money will go far in this country.

There are a few requirements for entry into Panama. You must have a valid passport, visa (if required), and proof of onward travel. You must also have a return or onward ticket. Canadians and Americans can enter the country without a visa and stay up to 180 days. Citizens of the European Union and many other countries can enter without a visa and stay for up to 90 days. 

If you're not a citizen of a visa-exempt country, you'll need to get a visa before you arrive in Panama. The best way to find out what you need is to contact the embassy or consulate of Panama in your country. 

A retiree visa in Panama has many benefits. This is also called the "Pensionado Visa." The retiree Visa only requires that applicant demonstrates an income or pension of only $1,000.00 USD per month and $250.00 USD for each dependent. 

For one, it gives you permanent residency in the country, which means you can live there indefinitely. You don't have to worry about renewing your visa every year or so. Additionally, it gives you access to all of the social services that the country has to offer. This could include healthcare, education, and other benefits.

Panama is a very safe country with a stable government, making it a great place to call home. If you're thinking of retiring abroad, Panama should definitely be at the top of your list. With its many benefits and appealing lifestyle options, it's hard to go wrong choosing this Central American country as your new home. 

Ecuador has launched a digital Nomad Visa (called the “Rentista” Visa) with one of the lowest barriers to entry in the world. This Visa is a two-year temporary residence visa for digital Nomads that have income from outside the country. It is available to Nationals of 182 countries and territories as determined by the Ecuadorian Ministry of Tourism. 

See the list of the 182 nations that qualify for the new Ecuadorian Digital Nomad Visa. 
The Ecuadorian government is hoping that by inviting digital Nomads and remote workers, it will encourage more travel and foreign dollars to flow into the country. Remote-worker visa holders cannot perform local work in Ecuador.

This Visa is designed for  people who want to operate remotely and live and work in Ecuador. It has one of the lowest income requirements and barriers to entry of any digital Nomad Visa program. you only have to earn $1,275 a month from outside sources in order to qualify.  That's only $15,300 USD per year  (this requirement used to be lower! But was recently increased in 2022).

Most remote workers who work for U.S. or Canadian employers will qualify, as well as many self-employed workers. You must also have a clean police record and then documents that confirm you are the owner of a company or a remote worker for a foreign firm. 

If you are currently self-employed but do not have proof, a home-based business license, LLC, or even a corporation can be to obtained. For example, in a state like Nevada, which has no state income tax and is a great place to transfer residency if you plan to leave the United States for an extended period. If you want advice on how to transfer residency to another state, consult your financial advisor. 

Ecuador in general has a lenient Visa policy,  and one of the world's quickest citizenship programs. You don’t have to apply right away–most foreigners can enter Ecuador and stay for up to 90 days. So you can go, visit the country, enjoy the beautiful coastal areas end cool mountain  cities, and then easily apply for residency if you like it well enough to stay. 

​General requirements and links for the Ecuadorian digital Nomad Visa:

• Eligibility. The visa is available to nationals of 182 countries/territories as determined by the Ministry of Tourism.
• Duration. The visa can be granted for up to two years, renewable in two-year increments.
• Income Requirements. Applicants must have earned a minimum of USD $1,275 per month in the last three months, or a total of USD $15,300 over the past year from sources outside Ecuador. You must also carry health insurance valid in Ecuador. 
• Process. Applicants submit their application online through the Virtual Consulate website and complete either a virtual or an in-person interview, depending on the consulate. Upon approval and visa payment (approximately USD 450), applicants receive an electronic visa.

According to official government sources it takes about a week the process the paperwork. family members can also apply after the principal applicant of teams their digital Nomad Visa the principal Visa holder must demonstrate an additional monthly income of at least $250 USD per dependent.  so for example, a married couple with two kids  would have to demonstrate income of $1,275 + ($250 + $250 +$250) = $2,025.

You can check more requirements on the official Ecuadorian Visa government website.

More resources and a well-known Visa facilitator for Ecuador: Joseph Guznay-Expats Ecuador