New retirement incentives are good for Nicaragua real estate investors
Nicaragua 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.
