In Nicaragua, You Can Celebrate Your Retirement Years in Style

  

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While many in the United States look toward retirement with trepidation, those familiar with Nicaragua look toward retirement with excitement.  

After all, what could be more exciting than spending one’s golden years in paradise?

Those familiar with Nicaragua know that it truly is a paradise—with something special for every taste and desire. From sundrenched beaches to verdant rainforests; from active volcanoes to immense fresh water lakes; from charming colonial towns to pristine secluded islands. Nicaragua truly has it all. 

And now, a new law in Nicaragua has made it even better!

On June 18, 2009 the assembly passed a new law especially for retirees. Nicaraguan law 694 creates a retirement program that is second to none in the region.

Those with retirements from a public or private institution are eligible to retire in Nicaragua with only $600 in monthly pension. Those with income from a stable source such as dividends are eligible with just $750 per month. Furthermore, the retiree’s spouse, children and parents are also eligible for just $150 per person.

Retirees are allowed to import all household goods up to $20,000 completely free of import taxes. Vehicles for personal use up to a value of $25,000 may be imported every four years completely free of import or sales tax. In addition, if the vehicle is stolen or destroyed in the four-year period the retiree can import a replacement car completely free of tax.

Retirees are also granted a one-time exemption for sales tax (IVA) on up to $50,000 worth of construction materials, perfect for building one’s house in paradise. Astonishingly, retirees are also granted a tax exemption up to $200,000 for professional or scientific items, provided they are used for the benefit of Nicaraguan society. The warmth of the Nicaraguan people is legendary. Now you can help those in your adopted home country and realize enormous tax savings as well.

Retirees are also given tax exemptions for car rentals (with a Nicaraguan driver’s license) used for tourism purposes. Better yet, this benefit extends to one’s entire family as well.

To qualify, the retiree must provide basic documents such as proof of income, birth certificate, copy of passport, passport photos, a letter of health from one’s family doctor, marriage certificate if applicable, a clean criminal record and a list of household items and the vehicle to be imported. For retirees (and aspiring retirees) seeking an unsurpassed lifestyle, these simple documents will pave the way to paradise in Nicaragua.

After all, what is the benefit of hard work if it does not improve your station in life? You deserve to live the future of your dreams. Now it’s within your reach. Those familiar with Nicaragua know that the best is yet to come.

Get to know the New Nicaragua, where you can celebrate your retirement years in style!