Archive for June, 2009
New retirement incentives are good for Nicaragua real estate investors
Tuesday, June 30th, 2009Nicaragua is rolling out the welcome mat for foreigners to retire and become resident in the country. The changes to the residency and retirement laws, announced in June by the Tourism Institute, increase the tax exemptions and benefits.
The timing of this new law makes sense given the gloomy economic climate worldwide. The new sales tax exemption on home construction materials is directed firmly at Nicaragua real estate investors, and will encourage more to start building.
All in all, this new suite of laws make Nicaragua’s retirement program one of the most benefit-laden in the region.
Nicaragua’s National Assembly approves Coastal Law
Wednesday, June 17th, 2009It’s been a long time coming … but worth the wait. The newly approved Coastal Law provides a solid framework for managing the development of Nicaragua’s coastline and puts in place strong measures for protecting private property ownership. Reactions from the development community have been postive and commentators have noted that the new law is likely to stimulate development in the country. Good news for those interested in the Nicaraguan real estate market.
