Retirement
Nicaragua has an amazing retiree incentive program. To be eligible retirees only need to be over 45 years of age and have a monthly income of at least $400.
Foreign retirees pay no taxes on any out-of-country earnings, can bring into Nicaragua up to $10,000 of household goods for their own home, duty-free, can import one automobile for personal or general use duty- and tariff-free, and sell it after five years, tax-free. They can import an additional vehicle every five years under the same duty exemptions.
Plus, the cost of living in Nicaragua is extremely affordable, a fraction of what it costs in the United States or Canada. A personal maid will only set you back $100 a month.
The Wall Street Journal wrote: "As legions of baby boomers prepare to retire and relocate to warmer climates, a widening range of Central American countries are vying to be there new home. ...As a result, a new breed of intrepid retirees is branching out to countries including... Nicaragua."
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