Property Exchange or Transfer

When properties are sold or exchanged, the Department of Natural Resources charges a certain percentage per transaction.

Purchasing of Land by Belizean

Belizean pay 5% of the Selling Consideration as a Stamp Duty or Transfer Tax to the Government of Belize.

Registration and fees are very minimal (approximately $15.00BZ).

Lawyer's Fee for Legal Services for Conveying property is approximately 1-3% of Selling consideration. Each individual is entitled to seek own personal Legal Council.

Approximate closing cost of a Belizean: 6-8% of the selling consideration.

Purchase of Land by Non-Belizean:

Non-Belizeans now pay a similar 5% of the selling consideration (which was just recently changed from 10%).

Registration and fees are very minimal (approximately $15.00BZ).

Lawyer's Fee for Legal Services for Conveying property is approximately 1-3% of Selling consideration. Each individual is entitled to seek own personal Legal Council.

Approximate closing cost of a Non-Belizean: 11-13% of the selling consideration.