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Investing in
Nicaragua
Promoting
Ecotourism
If you have the possibility and you are willing to invest in
Nicaragua, the best domain that you can invest in is real estate or
you can also invest in some properties in order to try to promote
ecotourism.
Real Estate
The first thing you should know about investing in Nicaragua is that
if you want to invest in properties, you will receive several
incentives from the government. You should also know that Nicaragua
real estate is cheap and the attractions for people who enjoy the
beach and outdoors are many.
The current political stability of the country
has attracted a lot of retirees to relocate and buy Nicaragua
property, which is now, has tremendous potential. If you compare
Nicaragua with Costa Rica there is now tremendous room for increase
in value of Nicaragua real estate. The improvement in infrastructure
such as roads etc is bound to make the Nicaragua property appreciate
in price.
You should also be aware of the fact that the procedure for
foreigners buying Nicaragua property has been simplified and all
that is needed for outright purchase is a valid passport. In order
to encourage pensioners and retirees to move and buy real estate in
Nicaragua, a recent legislation Decree No. 628, the “Law of Resident
Pensioners and Retirees” makes foreigners over the age of forty-five
eligible for certain benefits provided they have a monthly income of
at least $400. This is increased by an additional $100 for each
dependent family member who will live with you in Nicaragua.
Here is what you will need if you want to
apply for retiree status in Nicaragua:
Copies of birth certificate and passport
Medical Certificate stating you are of good physical health, are
free from communicable diseases and are mentally sound.
Clearance from your former local police department stating that you
have never been convicted of any crime
Certificate of income from your bank or pension plan affirming that
you will have enough money to meet the minimum requirement of $400 a
month
List of the household items you intend to import.
Property developments in Nicaragua
Even if only in the early stages of shrugging off the image of a
rough-and-tumble, politically troubled country, Nicaragua is fast
developing a very sought after real estate market. When you think of
the immense beauty of this country and combine it with prime real
estate and super low prices, it’s easy to understand why so many
people are leaping at the opportunity to invest in Nicaragua real
estate.
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