| Have you spent the best 40 years of your life sitting | | | | second home would also benefit from tax incentives |
| behind a desk most of the time? Have you lived in | | | | such as they would not be required to pay taxes on |
| the same city all your life? Now that you have hit | | | | any out-of-country earnings and you would not be |
| retirement age, do you long for that moment when | | | | charged for bringing in a maximum US$ 10,000 worth |
| you could just getaway? | | | | of household goods to fill up your new home. |
| I guess we all do, at some point in our life, want to | | | | If you want to import one vehicle, whether for |
| get away. | | | | personal or general use, you would be exempted |
| But the problem is we don't have the money or the | | | | from paying taxes. You could also bring in an |
| luxury of getting a well-deserved vacation while we | | | | automobile for the second time, but you have to |
| are working. It is only when we retire from work and | | | | wait after five years. |
| receive our retirement pay do we get a lump sum | | | | The prices of property in the country could be |
| and we could actually afford a vacation. | | | | classified as a bargain. |
| Hmmm.... You start thinking, a vacation. Is that the | | | | But before you could be allowed to avail of these |
| best way to spend your hard earned money? Why | | | | privileges, you must first have to prove to the |
| settle for a vacation, when you could use it to buy | | | | Nicaraguan government that you are a citizen of the |
| property somewhere that could serve as your | | | | country from which claim to have come from. You |
| retirement home. | | | | have to show a letter or certificate from your doctor |
| It has to be in a country where the people are | | | | attesting that you have a clean bill of health and that |
| warm, as warm as its climate. | | | | you are mentally sound. I guess they don't want a |
| Here in Nicaragua, which is the largest nation in | | | | bunch of elderly crazy people roaming around their |
| Central America, it has patterned its retirement laws | | | | streets. |
| after the old "pensionado" rules wherein it guarantees | | | | The would-be foreign retiree resident should also |
| significant tax incentives to foreigners and would | | | | have no criminal record and lastly, you have to |
| encourage more people to set up investments in | | | | present a certificate of income from a bank or a |
| their country. | | | | pension plan to prove that you have a monthly |
| The expats who would make Nicaragua as their | | | | income equivalent of at least US $400. |