What are the typical closing costs for a real estate transaction in Belize?
• Legal fees vary from 1% to 3% and are always paid by the Buyer to the lawyer they have chosen to represent them. Those fees typically include title search and opinion, escrow, title certificate, registration, payments of taxes and government fees and disbursements. The Government of Belize charges a 5% Stamp Duty on property transfers on any amount exempting the first US$10,000.
