Moving to Nicaragua can be rewarding and a
low cost alternative to North America
There’s plenty of reasons why you may be considering making the move to Nicaragua. You may have been transferred there by your employer. You may be seeking a vacation home property along the coast. California beachfront properties are beyond your budget and Nicaragua offers you the same coastline but at bargain prices. Perhaps you are ready to retire, or close to retirement and you want to live in a Latin American culture, enjoy a less expensive cost of living or have had enough of the cold weather of the winters of North America. Perhaps the cost of health care is prohibitively high in your country and you are seeking less expensive healthcare options. Perhaps you are living in parts of Central America where the crime rates are high especially with the problem of drugs and gangs in your country of origin. There are a multitude of reasons that one becomes an ex-pat and chooses Nicaragua as a viable destination.
Nicaragua is a good solution. The crime rates are low. It remains unscathed by the violence and crime of other countries in Central America. Property prices are reasonable. What would cost close to a million dollars in California can be found for a quarter of the price along the Pacific coast of Nicaragua.
If you are planning to retire in Nicaragua, the tropical weather, the cost of living, the low crime rate, affordable healthcare and decent property prices appeal to you. What’s more, the government of Nicaragua has made it easier for retirees to immigrate to Nicaragua. One needs to provide the government with evidence of citizenship, proof of income of over $600 a month, present a police report and a health certificate stating you are free of communicable diseases.
When you move to Nicaragua, there are plenty of incentives offered by the Nicaraguan government’s retiree benefit program most of which are tax incentives. You’ll pay no income tax on income from outside of Nicaragua, no importation taxes on your automobile and you can bring in up to $10,000 on household goods with no duty taxes. The pensioner’s visa created by the government’s Law of Resident Pensioners and Retirees (Decree 628) makes moving to Nicaragua simple.
However, before you make the move, you should consider getting to know this country, even if you’ve travelled here before. Do your investigation first. One of the most ideal ways to get to know Nicaragua, find out what is available to you here is to take a fact finding tour or retirement/relocation tour. Do your research. Although many ex-pats have made their homes in the popular areas such as Granada and San Juan del Sur, there is more to this country than just these two places to live.
Nicaragua is being aggressively promoted as a viable investment, tourism and retirement destination, it is still “misunderstood.” Although one of the poorest nations in the region, Nicaragua’s economy is showing rapid growth, actually of the best growth rate in Latin America. Foreign companies are investing in Nicaragua and opening up corporate branch offices in the country, most frequently in the capital city Managua.
Nicaragua offers a stable climate politically. No, it’s not communist state and it’s not ruled by any dictators. Again, that was some 30 to 40 years ago. Nicaragua is not like China or North Korea. There’s a democratically elected government and the rule of law.
Imports, exports and tourism is up which is fueling economic growth in Nicaragua in spite of the world wide recession. GDP – real growth rate is at 4.5%, some points above other countries in Latin America for year end of 2010. In 2012, the economy is predicted to grow 4%, exports up by 47% and foreign direct investment is expected to top rise above $1 billion.
If you are relocating or retiring in Nicaragua, do you homework and find out what life is like before making the move. Take a special tour throughout the country, and live in Nicaragua for a while and find out what this country has to offer before buying real estate or investing, you may never want to leave!
Source: The Nicaragua Report -