We are proud to offer the lowest cost residency program currently on the market for the price of $2900 USD. Citizenship can then be arranged in as little as a year at no extra charge through our firm. Nicaragua's retirement laws resemble the old pensionado rules that were in place in Costa Rica in the 1980s, attracting thousands of expatriates to that country. They provide significant tax incentives for foreigners, and they encourage investment in the country.
Resident expatriates say it is as much-perhaps more-the warmth of the people that attracts them to Nicaragua as any other factor, such as the tropical climate, bargain property prices, or attractive government incentives. But the government program is often a key deciding factor: It's fairly easy to qualify for retiree status, the paperwork is minimal, and the benefits compare favorably with those in other, neighboring countries.
Law of Resident Pensioners and Retirees (Decree 628): Nicaragua passed legislation to encourage retirees and pensioners to move to the country. The Law of Resident Pensioners and Retirees gives benefits mostly in the form of tax incentives.
To qualify, you'll need to prove to the Nicaraguan government that you're actually a citizen of the country where you claim your nationality, that you're in good physical and mental health, that you're in good standing with the local police, and that you have an income equivalent to at least $600 a month.
Add an additional $100 for each dependent family member living with you in Nicaragua.
Tax Incentives for Retirees
The benefits come mostly in the form of tax incentives. As a foreign retiree, you're entitled to:
* Pay no taxes on any out-of-country earnings
* Bring into Nicaragua up to US$10,000 worth of household goods for your own home, duty free
* Import one automobile for personal or general use and pay no import tax or protective tariff
and sell it after five years, again exempt from consumer sales tax
* Import an additional vehicle every five years under the same duty exemptions.
What You Need to Apply for Residency status
You'll need to prove to the Nicaraguan government that you're actually a citizen of the country where you claim your nationality, that you're in good physical and mental health, that you're in good standing with
the local police, and that you have an income equivalent to at least US$400 a month.
The following documents are required:
* A copy of your birth certificate
* A copy of your passport
* A certificate or letter from your doctor stating that you're in good physical health, are free from
communicable diseases, and are mentally sound
* A certificate or letter from your local police department stating that you've not been convicted of any crime
* A certificate of income from your bank or pension plan affirming that you'll have enough money to meet
the minimum requirement of US$400 a month ( if unavailable we can arrange it for an extra fee of $300 USD)
Once the documents are ready and the initial fee has been paid the processing in Managua will take 30 days.
Our success rate over the years has been 99% and the unlikely event the application is rejected for any reason there will be full refund of the funds paid.
Contact us to take advantage of this limited time offer:
We are have assisted hundreds of customers in the past 9 years obtain legal residency,citizenship and diplomatic passports in more than 25 countries.
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