Why Nicaragua

U.S News & World Report rated Nicaragua one of the 10 best places to retire. Lonely Planet has recently listed Nicaragua in the top 5 destinations in the world. MSN Money wrote that Nicaragua was “The world’s best kept retirement secret” while GQ Magazine called Nicaragua “the new Florida”.

Nicaragua was visited by nearly 1 million tourists in 2008, and tourism numbers continue to grow by more than 14% per year. Additionally, nearly 6,000 Americans currently reside permanently in Nicaragua.

Nicaragua is enticing foreign investment with some of the most progressive tax incentives in Central America. Additionally, the National Assembly has just increased benefits for foreign retirees; allowing you to import up to $20,000 worth of household goods and an automobile with a value up to $25,000 completely duty and tax free. You may also sell your automobile and import another one every five years, all without paying any sales or import tax. Additionally, Law 306 allows foreigners to own and operate tourism related business without paying any income tax for 10 years.

Property values are easily 40% cheaper than in Costa Rica, and the cost of living is much lower as well. It’s no wonder people say Nicaragua is now what Costa Rica was 20 years ago! So don’t miss your opportunity to get in before the next property boom!

Nicaragua in the News