Retire in Nicaragua
Today, Nicaragua is a premier destination for Americans, Canadians, and Europeans thinking about retiring overseas. Driven by an early-in real estate investment opportunity, low property taxes, and a low cost of living tied to an increase in quality of life, Nicaragua is a hot destination for would-be expatriates looking to flee a rising cost of living in their home countries.
There are two other critical factors that have also played a considerable role in defining Nicaragua’s fate as a premier retirement destination: a comprehensive retiree benefit program and the many desirable locations scattered throughout the country.
Nicaragua’s Retiree Benefit Program Makes a Retirement in Nicaragua Easy
The country’s “retiree” program is much like the Costa Rican program was in the 1980s, attracting thousands of expatriates to Nicaragua. To be eligible, you need only be over 45 years old and have a monthly income of at least $600. The Nicaraguan government provides significant tax incentives for foreigners, and encourage investment in the country.
The benefits come mostly in the form of tax incentives. As a foreign retiree, you:
- Pay no taxes on any out-of-country earnings.
- Can bring up to $20,000 of household goods, for your own home, into Nicaragua duty-free.
- Can import or purchase one automobile for personal or general use duty- and tariff-free up to $25,000, and sell it, tax-free, after five years.
- Can import an additional vehicle every five years under the same duty exemptions.
Many retirees are retiring in Nicaragua to take advantage of the country’s amazing coastline
Where Are the Foreigners Retiring in Nicaragua Locating?
The hottest Nicaraguan retirement destinations right now are the colonial cities of Granada and Leon, the capital of Managua, and most notably the southwestern corner of the Pacific coast around San Juan del Sur, where beachfront property options abound.
*Prices as of 2013
Free Nicaragua Report:
Learn more about Nicaragua and other countries in our daily postcard e-letter. Simply enter your email address below and we’ll send you a FREE REPORT – Start a New Life on the Beach in Nicaragua.
This special guide covers real estate, retirement and more in Nicaragua and is yours free when you sign up for our IL postcards below.
Get Your Free Report Here
Interested in retiring to a different destination? Then check out these similar pages:
|Retire in Panama||Retire in Argentina|
|Retire in Ecuador||Retire in Uruguay|
|Retire in Honduras||Retire in Mexico|