Where to retire

Nicaragua's retirement laws provide some excellent tax incentives for foreigners. The laws were based upon the retiree benefits offered to many in Costa Rica during the 1980's.

Under Decree No. 628, the 'Law of Resident Pensioners and Retirees,' you're eligible for benefits if you are over 45 years of age and have a monthly income of at least $400 or the equivalent in another currency. (Add an additional $100 for each dependent family member living with you in Nicaragua.)
These benefits for those retiring in Nicaragua come mostly in the form of tax incentives. As a foreign retiree, you're entitled t (1) pay no taxes on any out-of-country earnings; (2) bring into Nicaragua up to $10,000 worth of household goods for your own home, duty-free; (3) import one automobile for personal or general use and pay on it no import tax or protective tariff and sell it after five years, again exempt from consumer sales tax; (4) import an additional vehicle every five years under the same duty exemptions.

Where are the Foreigners Retiring in Nicaragua Locating To?

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 centered around San Juan del Sur where beachfront property options abound.

Today, International Living's Local Office in Nicaragua offers its client base excellent real estate opportunities in these areas.